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GulfJobPaper▪️com

Updated: Sep 13, 2024


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August 12, 2024, 14:59

Did you know that the ice wall in Antarctica is higher than any Skyscraper ever built with the sole exception of the Tower of Babel?

🔗 THE FLAT EARTHER ❌🌎 (t.me/theflateartherr)

gulfjobpaper

August 12, 2024, 7:41

GIGANTIC TITAN SWORDS FOUND BURIED DATING BACK 33,000 YEARS

Note: this could be fake Ai generated images please do your own research


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gulfjobpaper

August 10, 2024, 16:42

💡 Mastering Startup Pricing: A Founder's Guide to Maximizing Value

➡️ As a founder, one of the most crucial decisions you'll face is how to price your product. Many startups stumble here, either undervaluing their offering or pricing themselves out of the market. Let me share some key insights I've gained from working with numerous startups.

➡️ The foundation of effective pricing is what I call the "value equation". Sit down with your champion at the potential customer and map out exactly how your product will benefit their business. Whether it's cost savings, time savings, or increased revenue, quantify it. This exercise serves two purposes: it justifies your pricing and provides clear success metrics for pilot projects.

➡️ Once you've established the value, aim to price your product at 25-50% of that value. This ensures the customer sees a clear ROI while you capture a fair share. For example, if your product saves a company $2 million annually, consider pricing between $500K and $1 million.

💊 Always consider your costs, but don't start with them. Cost-plus pricing often leads to undervaluing your product. Instead, use costs as a floor. Aim for software margins of 80-90% to build a sustainable business.

➡️ Competition is another factor, but avoid price wars. They're a race to the bottom. Instead, differentiate your product based on functionality or value. Target specific niches or industries where you can excel.

➡️ When it comes to pricing structure, keep it simple. Mirror what your customers are used to in their industry. Committed recurring revenue (MRR or ARR) is preferable to usage-based pricing, as it provides more stability.

❗️ For enterprise sales, avoid publishing prices on your website. The value equation will differ for each customer, and you risk leaving money on the table. Instead, offer tiered pricing with an "Enterprise" option that requires contacting sales.

🔗 Remember, your pricing strategy dictates your sales channels. Ensure there's enough money in each contract to compensate a sales team effectively. A good rule of thumb is a 5:1 ratio between new signed ARR and total compensation for a salesperson.

➡️ Keep free trials or pilots short with clear success criteria. Better yet, push for annual contracts with a money-back guarantee. This shows confidence in your product and secures longer-term commitments.

Don't overthink pricing in the early stages. Start with a number similar to comparable software, then increase it by 50% for each new customer until you start losing about 25% of deals due to price. Remember, your first few customers will be a tiny fraction of your future revenue. Focus on closing deals and refining your approach as you grow. Your product will improve, your sales skills will sharpen, and pricing will become easier with time and experience.

🟢 The hardest sales are often the first ones, so push through and keep iterating. Your pricing strategy will evolve with your startup's growth and success.

#StartupAdvice

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gulfjobpaper

gulfjobpaper

August 9, 2024, 18:08

🔵 2024's Top Industries: Semiconductors Lead the Charge in Global Economic Growth

➡️ The global industrial landscape in 2024 is experiencing significant shifts, with semiconductors emerging as the dominant force. This industry, valued at $264 billion in sales last year, is projected to reach a staggering $1 trillion by 2030. The U.S. industrial sector is benefiting from legislative support, particularly through the Inflation Reduction Act, which has spurred investments in semiconductor manufacturing and clean technologies.

➡️ This has resulted in 75,000 new jobs and $88 billion in investments. Following semiconductors, Internet Content & Information and Software Infrastructure industries are also showing remarkable growth, with tech giants like Alphabet and Meta Platforms driving innovation and job creation in the digital economy.

The current industrial landscape presents exciting opportunities for startups, especially in tech-driven sectors. The semiconductor industry's explosive growth and the continued expansion of digital services highlight the potential for innovation in these areas. Startup founders should consider how their ventures can tap into these thriving industries, either directly or by providing supporting technologies and services.

🔵 The key takeaway is to align your startup's goals with these growing sectors, leveraging the increased investment and legislative support to drive your own success in this dynamic economic environment.

💬 Source #CapitalStats

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gulfjobpaper

gulfjobpaper

August 9, 2024, 16:04

💻 CloudPay Secures $120M: Revolutionizing Global Payroll Services

🤖 CloudPay, a veteran in the payroll services industry since 1996, has recently secured a substantial $120 million in funding. This investment, led by Blue Owl Capital, brings CloudPay's total funding to $228 million. The company has shown impressive growth, doubling its revenue in the past three years and currently managing payroll for 280 major firms across 130 countries. CloudPay's success stems from its ability to adapt to changing customer expectations and complex global compliance requirements.

🤖 The company offers a comprehensive suite of services, including global payroll, salary payments, and pay-on-demand options, catering to the evolving needs of enterprises in today's fast-paced business environment.

🐦 CloudPay's journey demonstrates the importance of continuous innovation and adaptability in the startup world. Even as an established player, the company's focus on meeting changing customer needs and leveraging new technologies like AI has enabled it to stay competitive and attract significant investment.

This serves as a reminder that sustained growth and relevance in the market require constant evolution and a keen understanding of industry trends and customer demands.

💬 Source

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gulfjobpaper

gulfjobpaper

August 8, 2024, 18:18

📎 From Sri Lanka to $600M: The Inspiring Journey of WSO2's Founder

➡️ In the world of startups, some stories stand out for their sheer audacity and success against all odds. One such tale is that of Sanjiva Weerawarana, the founder of WSO2, who built a $600 million enterprise software company from Sri Lanka.

➡️ Weerawarana, a computer scientist and open source advocate, founded WSO2 in 2005 during Sri Lanka's civil war. Despite pressure from investors and customers to relocate, he kept the company's headquarters in Sri Lanka, believing in the potential of local talent. This decision proved pivotal as WSO2 grew to employ 780 people, with 80% based in Sri Lanka and the rest spread across offices in the US, Europe, and Asia.

➡️ Under Weerawarana's leadership, WSO2 attracted major clients like Samsung, Axa, and AT&T. The company achieved profitability in 2018 and is set to hit $100 million in annual recurring revenue in Q3 2024. This success culminated in a $600 million acquisition by private equity firm EQT in 2024, with 30% of the proceeds going to current and former employees.

➡️ Weerawarana's impact extends beyond WSO2. He created Ballerina, a cloud-native programming language, and founded the Avinya Foundation to support vocational education. In a unique move, he even drives for Uber to challenge social stigmas around certain jobs in Sri Lanka.

🔥 For startup founders, Weerawarana's journey offers valuable lessons. It demonstrates the importance of persisting despite challenging environments, prioritizing employee equity, balancing profit with social responsibility, and considering strategic exits to fuel growth. Most importantly, it shows that with innovation, resilience, and a strong team, startups can thrive anywhere and make a global impact.

Weerawarana's story is a testament to the power of vision, adaptability, and commitment to one's roots. It proves that with the right approach, it's possible to build a world-class company from any corner of the globe, turning local talent into global success.

💬 Source #VentureStories

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gulfjobpaper

gulfjobpaper

August 8, 2024, 16:17

🔍 Startup Pitch Deck Analysis: Feel Therapeutics' $3.5M Seed Round

Today, we're examining Feel Therapeutics' pitch deck that secured a $3.5M seed round for their mental health tracking technology. This analysis offers valuable insights for founders crafting their own pitch decks.

💫 Strengths:

✔️ Compelling Problem Statement: The deck effectively highlights the lack of mental health tracking in an era of quantified health.

✔️ Clear Overview: A well-designed slide succinctly explains their complex system, providing a good starting point for more detailed discussions.

✔️ Solid Traction: The deck showcases impressive patient numbers across multiple countries, demonstrating market validation.

💫 Areas for Improvement:

🔆 Incomplete Information: The deck lacks crucial elements like competition analysis, go-to-market strategy, and business model details.

🔆 Vague Use of Funds: The "Use of Funds" slide lacks specificity and clear, time-bound goals.

🔆 Confusing Team Slide: While showcasing impressive credentials, the team slide fails to clearly define roles and relevance to the company's mission.

❗️ Tips for Founders:

— Start with the Big Picture: Begin your pitch with a high-level overview before diving into specifics. This helps investors grasp your concept more easily.

— Show Traction Over Time: When possible, demonstrate growth and progress over time, not just current numbers.

— Avoid Jargon: Ensure your deck is accessible to all potential investors by explaining or simplifying industry-specific terms.

— Be Specific About Funding Use: Use SMART goals (Specific, Measurable, Achievable, Relevant, Time-bound) when explaining how you'll use the funds.

— Clarify Team Roles: Don't just list impressive names - explain how each team member's experience directly contributes to your company's success.

— Address Your Fundraising History: If you've raised multiple rounds before, be prepared to explain your progress and future plans.

— Include Key Business Information: Even for early-stage startups, include details on your business model, target market, and competitive landscape.

A great pitch deck tells a compelling story about your startup while providing concrete data to back up your claims. It should clearly communicate not just what you're doing, but why you're the right team to do it and how you plan to succeed.

💬 Download Pitch Deck

#PitchDecoded

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