Building startups on a budget 🗻
Building startups 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.
These last few weeks for us have been all about face to face events, we've had the opportunity to speak to the tech community up in Edinburgh as well as have a stand at the EU Start-ups Summit.
It has been wonderful to get back to face to face interaction and to quote one of the people who visited our stand: "It’s great to be able to shake people's hands".
The events we've attended have underscored the vibrancy of the start-up ecosystem in Europe. No matter what the broader economic outlook is like, there are plenty of founders willing to risk it all to create solutions to problems that every day people face.
One trend in particular we have noticed is the number of companies looking to leverage large language models aka Chat GPT within their organisations, this is a trend that will keep on growing and from what we have seen, the ideas seem to be innovative but for you business owners out there interested in implementing AI, I'd be wary of whose advice you seek!
The second and more unfortunate trend we have seen recently is that more and more companies are coming to us after their current tech team has failed and a lot of money has been spent. Bad CTOs can sink a company, be careful to vet who you work with and beware of being rolled into the hype.
As ever, Atom CTO is here to help so if you need any advice regarding tech you want to build or tech you have then please get in touch. Email bhairav@atomcto.com
Bhairav Patel
Managing Director
Atom CTO
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Interesting insights
Latest events and articles in tech and entrepreneurship collected by the Atom team:
The beginning of April marked 50 years since the first mobile phone call was made. 11 years later, the first commercially-available mobile was sold, costing the equivalent of $12,000! 📱
We devised a guide with Scaleup Lessons ‘7 Lessons of building a tech startup on a budget’: from remaining laser focused to accessing capital and creating a legendary team, here’s a link to the infographic and article. 🚀
If you have a startup and are looking to get some investment but don’t know your VCs from your accelerators or angel investors, read this useful article from Sifted. 💵
The dream for many is to own a successful business, but what happens if you regret making the jump? This BBC article interviews entrepreneurs whose realities have not met their expecations. 😫
With startup funding taking a downturn this year, what does it mean for the state of tech? Read the full article from The Pragmatic Engineer newsletter. 💰
Event recap
We were in sunny Barcelona 🇪🇸 last week at the EU Startup Summit, a meeting place for promising startups and investors. Thank you to everyone who dropped by the stand to say ‘hi’ 😎
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