4 High-Growth Startup Industries for Entrepreneurs in 2020

See the cultural trends that are leading to big business ideas this year. February 18, 2020 3 min read After an entrepreneur comes up with a business idea, one of their first tasks is to figure out a logo and how they want their brand to look. And because many entrepreneurs lack design skills, they often turn to platforms with template designs like Canva or PicMonkey, or to companies like 99Designs and Design Contest — which connect new businesses with freelance designers who enter “contests” in the hope of landing new clients.  Because 99Designs has so much insight into young companies in the process of creating logos and building brands, they have a bird’s eye view on what industries will likely grow in the coming years. They share these insights in an annual list on high-growth startup industries.  Related: 4 High-Growth Industries for Entrepreneurs in 2019 (Infographic) The company bases the results […]

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Tesla is Raising $2 Billion in Funding Two Days After Elon Musk Said It Didn’t Need To

Musk will buy up to $10 million of the new shares, with board member Larry Ellison buying $1 million. February 13, 2020 3 min read This story originally appeared on Business Insider Tesla said on Thursday it plans to raise $2 billion by selling shares through a public offering, just two weeks after Chief Executive Officer Elon Musk said the company wasn’t looking to raise fresh funding.  Musk will buy up to $10 million in shares from the new offering, while board member and Oracle cofounder Larry Ellison will purchase $1 million worth Tesla shares. The underwriters will get an option to buy up to $300 million in additional shares. On the company’s fourth-quarter earnings call on January 29, Musk said it “doesn’t make sense” to raise capital given Tesla’s current state.  “We’re actually spending money as quickly as we can spend it sensibly,” he said in response to an investor question. […]

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25 Billion-Dollar Companies You Haven’t Heard Of

February 13, 2020 2 min read When people interested in business see the word “unicorn,” companies like Uber, Airbnb and SpaceX come to mind. Those brands are constantly in the news, and their valuations are astronomical. But for every flashy unicorn startup that becomes a household name, there are dozens more that stay relatively unknown to people outside their industries.  To better understand how people think about billion-dollar companies, McGuffin Creative Group surveyed 4,000 people to determine which unicorns had the highest and lowest brand awareness. Generally, it found that companies with higher valuations had higher brand awareness, but there were some exceptions to that rule. Juul Labs, for example, has a $50 billion valuation and 36 percent brand awareness.  Related: 15 Success Secrets From Female Founders With $1 Billion Companies But among the brands that scored less than 10 percent awareness, there were some interesting takeaways. People who live in […]

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The Career Rise and Fall of Theranos Founder Elizabeth Holmes

She will stand trial over ‘massive fraud’ in July 2020. February 11, 2020 12 min read This story originally appeared on Business Insider In 2014, blood-testing startup Theranos and its founder, Elizabeth Holmes, were on top of the world. Back then, Theranos was a revolutionary idea thought up by a woman hailed as a genius who styled herself as a female Steve Jobs. Holmes was the world’s youngest female self-made billionaire, and Theranos was one of Silicon Valley’s unicorn startups, valued at an estimated $9 billion.  But then it all came crashing down. The shortcomings and inaccuracies of Theranos’s technology were exposed, along with the role Holmes played in covering it all up. Holmes was ousted as CEO and charged with “massive fraud,” and the company was forced to close its labs and testing centers, ultimately shuttering operations altogether.  Now, Holmes faces up to 20 years in prison if convicted. In the meantime, as she […]

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Can Crowdfunding Work for Your Company?

You may want to consider crowdfunding if venture capital and private equity are not suiting your business’s financial needs. December 12, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Eric Siu discusses ways other than venture capital or private equity to fund your business.  Siu discusses his approach to raising funding for a company he just started. Siu’s started with crowd-funding with small donations through an online audience. From there, he reaches out to high-earners whose yearly income hits around $200,000. When he has nailed down this particular group of people, Siu draws up an agreement specifically that targets these potential funders. Crowdfunding gives smaller companies the flexibility to move forward faster. Click the video to hear more about how to fund your new company.  Related: How to Follow in Nike’s Footsteps When Marketing Your Business Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs […]

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Office Space Location: 7 Key Tips for Finding the Perfect Office Space

You and your best friend built a small app. You didn’t expect your idea to take off, but people adopted it and made it grow. Now you’re unable to carry the weight on your own shoulders and need employees. But you guys worked out of your home offices. You didn’t even think you’d need an office space. How do you even go about finding, leasing, and organizing an office space? Today we give you a toolset. These tools will empower you in your journey to a functional and perfect office space. Here’s what you need in order to do that. 1. Begin At a Coworking Space The cost of renting office space can be anywhere between $4k and $14k in the United States. And that’s per employee. If you’re lucky, electricity and water are included. If you’re not lucky, you’ll pay extra. Eventually, you will need your own space. You […]

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Amazing Startup Strategies And Tips For Building A Successful Business Launch

The Silicon Valley stereotype is true. 70% of entrepreneurs in the United States started their business in their home. And when asked what’s the best way to learn to be an entrepreneur, just over half said, “start a business.” But for most people, starting a business is this nebulous concept. It’s “somehow I get a loan and sell people things.” But a startup is much more than that. Startup culture is rough. You’re constantly pushing your limits and you’re often wanting to quit. But the end result is worth it…if you make it. You want to have all the tools available for success. Without them, you’ll likely fail. Today, I’m going to hand you those tools. Draw a Map X marks the spot. When you come to a fork in the road, take it. The best maps give you reliable advice while showing you the way forward. You don’t always […]

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Going All In on Your Dreams

Renee Wang, founder and CEO of Castbox, talks about the investments she made into making her dreams come true. September 15, 2019 1 min read Opinions expressed by Entrepreneur contributors are their own. Renee Wang, founder and CEO of podcast platform Castbox, discusses her entrepreneurial journey from landing a dream position as an app monetization expert at Google to launching her own company and becoming a disruptor in the podcast industry. Wang and The Playbook host David Meltzer cover topics including the acceptance of failure as your most important teacher, some of the most common struggles that entrepreneurs face and challenging yourself to become a better person. They also discuss the need to invest in yourself as an entrepreneur and whether you need to pay yourself when founding a startup. Related: How to Show Your Clients That You Value Them Read_More Related posts: How 2 Friends Quit Their Jobs and Pursued Their Dreams of […]

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How to Bounce Back When Your Business Threatens to Go Under

Plus, why consumer finance businesses can make for risky startups. August 14, 2019 1 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Mars Discovery District talks with Peter Kalen, the CEO of fintech company Flexiti Financial. At one point, Flexiti struggled to keep its head above water and make payroll. The business narrowly avoided going under and eventually turned the business around.  Looking back on the unpredictable entrepreneurial journey, Kalen describes the precarious nature of consumer financial businesses, considering the loose structure and large amount of capital the businesses require. Click the video to hear more.  Related: How Off-Grid Technology Can Increase Connectivity and Improve the World Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre. EN […]

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Building a Corporate-Startup Partnership? Here’s What Will Help Make It Successful.

Established corporations that partner with startups spur job growth and enhance the benefits new employers bring to communities. July 5, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. A recent Congressional Research Service report for the Small Business Administration indicates that startups often have a lasting effect on the economy. Of course, there’s a catch: They have to survive for at least a few years to make their mark. Enter the world of corporate-startup engagement. Related: How Startups Can Find the Right Corporate Partner It’s well-known that most startups never make it past their first few years in business. CB Insights does a great job of telling us why. But if founders tether their startup to a larger, more stable corporation that needs — and benefits from — what the startup offers, startups can increase their odds of long-term success. The reason for this? Corporates can provide steady revenue to a […]

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The Next Startup to Become a Billion-Dollar Company Probably Isn’t in Silicon Valley

Founders are moving beyond the San Francisco Bay Area to find locations that work for their companies. July 3, 2019 6 min read Opinions expressed by Entrepreneur contributors are their own. I recently participated in a panel with some big-name Bay Area VCs. When a participant asked whether San Francisco still set the pace for tech startups, panelists agreed that the pendulum has already swung elsewhere. San Francisco remains a great startup destination, but many entrepreneurs — even those with unicorn aspirations — now have better options. In Tokyo, for example, Liquid Group Inc. hit a $1 billion valuation ahead of its initial public offering. Not many unicorns have come from Japan in recent years, especially not compared to China and the U.S., but Liquid Group’s ascent is another piece in a mounting pile of evidence that a Bay Area presence is not a prerequisite for success. This trend may be recent, […]

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This Entrepreneur Made Her First Perfume When She Was 13, and Now She Runs a Fragrance Business

Founder Carina Chaz sees every one of her work days as holding something new. May 27, 2019 1 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Business Rockstars speaks with fragrance company DedCool’s founder Carina Chaz. Chaz explains how she was thirteen when she became interested in fragrances — particularly in scent profiles and how to put together an interesting scent. Her passion for her business and the variance of her work helps make every day exciting and challenging.  Click play to hear more from Carina Chaz and Business Rockstars.  Related: Laughter Is a Key Component to This Specialty Magazine’s Success Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre. EN is partnered with hundreds of […]

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You Suck at Blogging: Here’s How to Fix That

Everyone and their mother have a blog on their website. This is probably why there are 1.7 billion websites on the web right now. 90% of those people don’t know how to write a blog (my estimation). And probably a good number think they do know how to write a blog. The question is, how many of those people are driving traffic with their content? Bad news is, you’re one of those people most likely. And you’re not seeing any traffic because of your blog. You’re probably thinking right now, “blogging is a waste of time. I’ve put in tons of time and seen few results.” Right now, we’re going to change your mind. Here’s how to stop sucking at blogs. 1. Be on Time You might think I’m talking about setting a schedule and sticking to it. And you wouldn’t be entirely wrong. Consistency is key to building an […]

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Why Leading a Startup Can Be Different From Other Teams and Businesses

This founder talks about what it’s like to head up a growing startup team. May 1, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner Business Rockstars sits down with Kate Gorman, the founder and CEO of Fort Mason Games, to talk about the responsibilities of leading a team.  Gorman says that her job is to drive her team towards a common goal with consistency. Leadership looks differently in the fast-paced startup world. Gorman emphasizes that a leader needs to take the time to understand everyone’s opinions and align the team before making pivots and big moves.  Gorman also says it’s possible to find a sweet spot, even while leading a team, where you can live a productive life outside of work, too. To learn more about how, click play.  Related: How This Entrepreneur Used a Painful Breakup to Launch Her Startup Entrepreneur Network is a premium video network providing entertainment, education […]

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When to Quit Your Job and Go Full-Time With Your Idea

The founders of Toot App talk about how they kept afloat while developing their business idea. March 11, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video with Entrepreneur Network partner Business Rockstars, Toot App founders Sophia Parsa and Shakib Zabihian recommend that when leaving your full-time job seems impossible, you should go out and see if you can raise money. The founders, Sophia Parsa and Shakib Zabihian, speak about raising $100,000 off one idea they believed in. The process of entrepreneurship is filled with mistakes. No doubt, you will experience many setbacks that make you question abandoning a steady job. However, you can always work diligently to develop your business on the side until you have a sense of security.  Click the video to hear more. Related: Learn to De-Stress With This Zen Mindset Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide […]

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Startup Knickey Is Improving the Business of Women’s Underwear

Want to disrupt an aging industry? Start with changing how you define your supply chain. January 17, 2019 5 min read Opinions expressed by Entrepreneur contributors are their own. Women began wearing drawers, the first-generation underwear, in the early 19th century. The world’s population has grown significantly since then, and hence so has the number of women who wear underwear. At 33 percent of the intimates market worldwide, the global underwear market was valued at $9.9 billion in 2016. Yet in this highly mature and saturated market, there is still room for disruption. Eighty-three percent of consumers buy cotton-rich underwear.  Of those consumers aged 16-69 years old, 91 percent say that they would prefer natural fibers. And with that, Knickey was born in 2017. Considering that 95 percent of people throw their underwear away in the trash, Cayla O’Connell Davis the founder of Knickey — who cut her teeth working in industry-shaping companies […]

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By Landing One Major Client, This Toronto Startup Found Dramatic Success

This software-as-a-service company found its footing by spreading its name and remaining resilient. January 16, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner, Mars Discovery District interviews the CEO of Horizn to hear about the company’s development.  Horizn, which offers a SaaS product that allows financial institutions quickly adopt mobile formats, is based in Toronto, Canada. Janice Diner, Horizn’s CEO and founding member, talks about moving among different international hubs to find just the right client — a large, global bank — for their company. After Horizn landed a major bank, as well as expanded their speaking and networking efforts, the company began to take off. In time, the company had signed on many financial institutions, including Key Bank and U.S. Bank.  As Diner explains, you will not always know if you are going to be right, but you’ve got to run with it […]

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This CEO Went From Working as an Engineer to Making Cold Calls

Here’s why determination can help you acquire any skill. January 2, 2019 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video, Entrepreneur Network partner, Mars Discovery District talks with Somen Mondal, the CEO of Ideal, a recruiting company. Like many full-timers, Mondel talks about moonlighting with a side hustle while working for a big financial firm. When Mondel determined it was time to expand his business, he soon realized that the company had to be built up all over again, or essentially, starting from square one and trying to build from scratch. As a team of engineers, Mondel and his new company experienced a learning a curve when trying to sell their new project. The team was entirely aware they had to learn how to cold-call and reach out relatively blindly to strangers to hear more. Eventually, their efforts paid off. Click play to hear more. Related: When Being Stubborn […]

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The World’s Most Valuable Startup Is a Company You’ve Probably Never Heard of

A recent $3 billion funding round landed Bytedance (parent of TikTok) the title of world’s most valuable startup. October 26, 2018 2 min read In a fourth-quarter upset, China’s Bytedance (parent of music video app TikTok) has overtaken Uber as the world’s most valuable startup. After closing a $3 billion funding round led by Japan’s SoftBank group, Bytedance — which also owns Chinese news aggregator Toutiao and a host of other social media apps — has reached a reported $75 billion valuation. Its closest competition, Uber Technologies, falls $3 billion short of that benchmark, according to CB Insights, a tech market intelligence platform. Uber is reportedly vying for an IPO in 2019 that could boost its value to $120 billion, but Bytedance holds top billing for now. The company did not immediately respond to a request for comment.  Bytedance founder Zhang Yiming launched his startup without any sort of funding […]

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This CFO Considers Startup Finance a Technical Science (and an Art)

If given the option, this exec would recommend to his younger self brushing up on math and technical skills. October 24, 2018 2 min read Opinions expressed by Entrepreneur contributors are their own. In this video with Entrepreneur Network partner Business Rockstars, Jang Lee, CFO of Hollar, talks about his experience running the finance and forecasting side of the company. Hollar is a company that offers a marketplace of products, starting at $1, from a mobile shopping app.  As the money man of the business, the executive describes himself as the historian of the company’s profits. Though he doesn’t think of himself as a statistics guy, he is often dealing with metrics and considers his love for basketball a form of appreciating stats.  Lee describes how there is an art to handling finances, despite the scientific nature of it.  To hear more about Hollar and how Lee approaches the business’s finances, click on the video. Related: Why You […]

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