Snoop Dogg was one of Reddit’s earliest investors. The social news website and forum was created in 2005 by Steve Huffman and Alexis Ohanian while they were college students at the University of Virginia. Their idea was supported through startup incubator Y Combinator, which gave them access to $12,000 in funding for their vision to build “the front page of the Internet,” The Street reports. The company would grow as users were able to create a slew of subreddits that encompass a range of topics. Six years from Reddit’s inception, it became a major player in the social media sphere, boasting 35 million visitors and 2.8 billion pageviews, Ohanian wrote in Fast Company. In 2014, the company attracted the support of Snoop Dogg, who participated in a $50 million seed round led by Sam Altman, now OpenAI co-founder and CEO. “I worked my way in. You understand me? I didn’t mean to tell everybody, but I’m a part of Reddit too,” Snoop Dogg said in a 2017 interview for “GGN News.” The...
Getting into the tech business is becoming more appealing with every success story we come across. Technology is the future and it will only continue to be that way as it evolves. Common folk with an idea and a dream are taking their unique tech startup ideas and turning them into a profitable business . It can truly happen for anyone willing to put in the work and pursue it with the right amount of determination. However, it is first essential to have a promising idea. Tech startups can operate across various industries, from healthcare and finance to education and entertainment, aiming to disrupt traditional models, improve efficiency, or create entirely new experiences for consumers or businesses. These startups often seek to address a specific problem or need in the market using technology as a fundamental component of their solution. Good tech startup ideas do not need to be something a person is highly knowledgeable about or skilled in; the idea just needs to be original and...
Those seeking funding for their small business have the debt-free option of applying for startup business grants or small business grants. These grants are typically awarded by government entities, private organizations or corporations and, unlike loans , are not expected to be paid back. There are incentives for these companies and organizations to award these grants, as the new businesses could create economic growth or support a certain cause/research topic (like social or environmental) that one of these entities is interested in. These grants are highly competitive and have very specific requirements that must be met before they are awarded. Most likely, applicants will need to prepare by verifying the eligibility criteria, funding amount, application deadlines and any restrictions of a grant that their business aligns with. Also, ensuring the applicant’s business is specific enough to the grant’s requirements is very important . Doing so ensures the applicant has a better...
Even if you’re not a salesperson, the day may come when you need to convince someone — anyone — that they should take a chance on you. This could be a job interview , when you’re jockeying for a promotion, decide to start your own business and are trying to make sales or secure clients, or if you need to lobby for funding . Whatever the goal, you need to give your target audience a persuasive reason why they should give you the job or promotion, shop with you over a competitor, or fund your business instead of another startup. To do this, you need to sell yourself. This can include creating a thorough presentation that outlines the benefits of someone aligning themselves with you. But you need a good elevator pitch to draw them in before you get to that step. What Is An Elevator Pitch? Once upon a time, people literally did chase after executives, corner them in an elevator, and essentially pitch themselves as a viable option. Whether this was to get a job or secure a business deal,...