Startup statistics and how valuations work 💥
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Hi *|MMERGE1|* 👋
Welcome to the latest Atom CTO newsletter where we share tech news and stories for founders and entrepreneurs who are starting and scaling businesses.
As we enter the new year of 2023, the tech industry is facing a number of exciting opportunities and challenges.
Major companies like Google, Microsoft, Spotify, Twitter, Amazon have been laying off staff and almost 400k jobs have been lost in the tech sector over the past 6 months. The rise of ChatGPT has also got many concerned for their own job safety and whether they will ultimately be replaced by AI.
Here at Atom we don't see it as all doom and gloom. Though it is unfortunate that many have lost jobs, it also means that there is a surplus of skilled workers available. We hope that this will alleviate the long-standing tech hiring crunch. Additionally, we see the increasing availability and affordability of AI tools as a positive development, as it allows startups to enhance their products and offerings cost-effectively.
If you have a buisness idea or just want to learn more about how tech can help you within your current business then please get in touch.
Bhairav Patel
Managing Director
Atom CTO
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Interesting insights
📚 Start for Success: new book by Jan Cavelle - it’s a must-have guide for entrepreneurs with tips and insights on branding to investment and everything in between. Bhairav also makes an appearance in the book, sharing a few startup stories.
🤓 Sifted is a great resource for many budding startup entrepreneurs, in Seed Funding 101 they scope out all you need to know about getting initial funding in 2023. If you've ever wondered how startup business valuations work, this other article will give you the low-down.
Big Ideas in Tech for 2023 by Andreesen Horowitz look at the top trends in consumer tech, fintech, health and crypto. It includes the mainstream adoption of AI and tapping into ‘alternative sources of inventory’ such as used and overstocked products. 💡
🧩 As one of the most important, yet elusive concepts in company building, getting the product-market fit is a complicated process. Read more about how Airtable found their PMF through building a horizontal product over on First Round Review.
What's the average age of a startup founder? What's the most expensive cost for a startup? Embroker has compiled a list of the top 106 must-know startup statistics for 2022 including typical reasons for successes and failures 🎯
Latest podcasts
The meaning of high performance 🏎
From tackling imposter syndrome to being a great leader and finding the right culture for your organisation, hear from coach and founder James Cook about typical startup challenges faced by founders.
Inspiring female entrepreneurship 💃
Find out how Ahana Banerjee a young, Asian, female entrepreneur raised $850,000 as a founder of skin care startup Clear.
Learning from a serial entrepreneur 📈
True business veteran Andre de Wet gives a masterclass full of essential advice gained from 30 years building businesses across the globe.
Startup marketing masterclass 🦁
Knowing your customer lies at the heart of any startup marketing strategy. Fractional CMO Georgina Willison talks about the marketing fundamentals for tech startups and where founders should focus their efforts first.
Subscribe to our podcast here: 🎧
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Spotify: https://tinyurl.com/vuny4pc
Google: https://tinyurl.com/4d38hsuv
SoundCloud: https://tinyurl.com/5h4ch2jh
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