Building a startup on a budget 🚀
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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.
On Feb 28th, one of my fellow CTOs, Sanjay Rakshit and I, will be holding a webinar about AI and its benefits for entrepreneurs. For a few, AI spells the death knell for their business or livelihood, for others they see the potential but when the "machine" makes a mistake, they wonder what all the fuss is about. (See below for details about how to book.)
The truth is that we are still at the very early stages of AI, what OpenAI released was a beta version of their product and perhaps they released it too early. As with any software, it will have teething problems but the view that we take here at Atom is that AI has the power to free businesses from the work that doesn't add value to their business or their customers.
We've had AI in some form for years - think of chatbots, they have not removed the need for customer service, what they have done is allow customers to get their simple questions answered early and given customer service agents more time to deal with complex issues, a win-win for everyone.
Another area of concern is education, I hear many parents worrying that their children will just use AI to write their homework but I'm old enough to remember when there was an outcry when we were allowed to take calculators into exams. Good students will still be inquisitive and will strive to be a unique voice amongst all the AI generated content.
Whilst on the topic of education, I'm pleased to announce that at the end of last year Atom donated PCs to a new school in Ghana - the Ga Mashie 360 Learning Centre that is in Jamestown, Accra. The school has come about through the hard work of the No Limit Charity Organisation and we're proud to support them. They are also looking for mentors so feel free to get in touch if are able to give time to mentor the children out there - they are looking at vocational training, everything from fashion design to filmmaking.
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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If you’re in Croata next week…
I’ll be speaking at the in-person event ‘How to Attract VCs and Investors’ at the University of Split on Thursday 2 March. The poster’s in Croatian but I have been assured that the event will be in English! Save your seat here! ⭐️
Interesting insights
Latest articles in tech and entrepreneurship collected by the Atom team:
How do you go about building a tech startup on a budget? Read this article by Bhairav and serial entrepreneur Selby Cary. 🏰
Integrating AI into your business: sign up to the 28th February webinar featuring Bhairav and Sanjay from Atom in association with the Founder Institute. 🧠
Although female angel investors remain a minority, their numbers and influence are slowly increasing. We recently came across this useful list from Sifted of 150+ active female angel investors. 😇
And on the subject of under-representation, McKinsey has launched InNYC, a programme which aims to accelerate inclusive innovation in technology by getting behind startups led by women of colour. 🚀
Steven Bartlett from Dragon’s Den launched the £100 million Flight Story Fund with the aim of investing in the next wave of European founders. Founders can apply for funding here. 🌍
Having trouble accessing Chat GPT? Then try CatGPT… no we don’t really understand it either but it’s all for a good cause. Created by data journalist Wouter van Dijke, the app is also raising money for cat-related charities. 🐈
Going international with your business is an exciting yet daunting step. EU Startups has shared a list of the top 8 tips for successful international expansion. 🌍
Even though AI will inevitably replace jobs, it will simultaneously create jobs too, increasing productivity and driving growth. 🤖
Latest podcasts
Blending Business with Spirituality - Hear the phenomenal story of Spiritual Business Mastery founder Manoj Sangany about how a chance encounter in a train station led to a new career as a coach and mental health advocate. 🚊
Sell Solutions, Not Licenses - Sales industry veteran Dan Shea shares his very sensible advice that selling should boil down to having a conversation with your customer and looking to solve a problem. 🎣
Fail Learn and Succeed - a talk with Christian Sørensen, founder of podcasting analytics app Podder. He began with a flop but soon started seeing progress after after a change in strategy. 🥾
Subscribe to our podcast here: 🎧
Apple: https://tinyurl.com/s9k3zuz
Spotify: https://tinyurl.com/vuny4pc
Google: https://tinyurl.com/4d38hsuv
SoundCloud: https://tinyurl.com/5h4ch2jh
Poll: Help us rename our podcast!
Over the years, the Atom Ventures podcast has grown to over 2,000 regular listeners per month. In that time, we’ve interviewed some really fascinating people about their startup journeys and will soon be hitting our 200 episode milestone. 🎙
We feel that now is the right time to give it a new name which reflects the inspiring stories of entrepreneurship and startup successes.
We’re down to two new names, so please go and cast your vote in our LinkedIn poll now! 🙌
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