STARTUP STORIES: THE COMPANIES THAT FOUND THEIR SECRET SAUCE
We all know there are no shortcuts to success. Neither is there a magic formula that will make a startup immune to the approximately 90 per cent existing death rate. True entrepreneurs are not deterred by the fear of failure; they are passionate about their ideas, driven to succeed and eager to disrupt the status quo. What’s Up, Germany? takes a look at some successful startup stories from Germany and India.
The market in India, specifically in the consumer internet and technology space, is very dynamic and evolving quickly, while execution remains complex. For startups and investment decisions, factors such as market opportunity and business model are important, but for me personally, the ultimate criteria for success lies in the entrepreneurs’ ability to spot trends, to be good leaders and build strong teams and to adapt to changing market realities. Hence, we spend a lot of time finding the right teams and then support them with a long-term view and a strong partnership approach.
Success consists of going from failure to failure without loss of enthusiasm.
Hottest Startup Ideas for 2016
Crazy Startup Ideas that Made it Big!
Doggles Goggles for dogs. Initially rated as one of “the most useless inventions ever”, the company made $3 million in 2012 alone! Enwuff said!
The Painted Pretzel Chocolate-covered pretzels in more than 100 innovative variations. The inventor, a stay-at-home mum, managed to rake in $1.5 million in 2014.
Narrative Clip Overcoming the “I wish I had a camera” angst. This small wearable lifelogging camera automatically takes a photo every 30 seconds. This Swedish company raised $8 million in funding in 2014. Relive your life!
Santa Mail Getting rich the Santa Claus way! Modus operandi: the founders registered a postal address in the North Pole and charged parents $10 for every handwritten letter their kids received, supposedly from Santa! The startup has made $2 million on 200,000 letters since its launch! Merry Christmas, Santa Mail!
Advanced Bio Treatment The crazier side of startup stories! Sadly, there are plenty of murders and suicides in the world, and nobody wants to clean up the mess at the crime scene—except for this company. It pocketed $1 million in a single year!