This article discusses some questions
investors ask themselves to determine whether or not tech start ups are worth
investing in. Essentially, they are trying to predict whether or not the
company is profitable, will it succeed, and how long will it survive? Further
they be able to attract customers, does it make creative use of existing
inventory and are the products reoccurring? We are well aware that the KW
region is the new and innovate location for tech startups thus the reason I
chose this article to be relevant.
The link attached called, What Tech
Entrepreneurs Can Learn from the Startup that Beat Google discusses an
algorithm that was founded in 2005 that beat Google in a facial recognition
challenge. The company, named NTechLab confirmed that their success was due to
a close team of computer sciences. They set out to create a technology that
would meet an existing need rather than solve a problem. And that was the key
to success.
After reading my post do you think there
are any existing needs that need to be met? What is it and problem product or
service could meet this need?
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