He left his well-paid job to be an entrepreneur, he moved out from his penthouse to finance his business, he left almost everything to be his own instructor. Then he failed and was left with almost nothing but he didn’t give up, he stayed focused. He never believed in making the sky his limit because he desired to go beyond the sky and aimed to nurture startups and that’s what made him the founder of Innovify. Here is Maulik’s slice of life in the form of interview at The Chrissy B Show.
The role of a product manager is absolutely critical to the development of a good product. While it is essential for them to work with their team like a well-oiled machine, it is also essential that a product manager be able to strategise and plan the product itself
The Minimum Viable Product (MVP) is a product which has just enough functionality to validate the underlying assumptions, test and learn about the target market and plan for the next evolutionary functionality for its continued development. Incidentally, most founders confuse the MVP with either a prototype or a full-blown product and fail to find the right balance between the two.
Anyone who has talked to me in the last four months has heard me, at some point in the conversation, rant about the All-In-One platform trap. The trap is simple: there are lots of platforms out there with related services and/or products and our startup is going to centralise all of these into a single wildly successful platform.
It’s surprisingly common that startups don’t carry out enough research to back up the hypothesis around their idea. At times, they completely misunderstand the value proposition on which they build their product. In simple terms, they try to solve a problem which doesn’t exist or can easily be solved with alternative solutions.
When failing to achieve an integrated financial plan, startups end up haywire. To understand how startups & entrepreneurs need to focus & give financial planning its due importance, Ruchit Jani, CFO Innovify & AtMayfair gave us some very important tips.
Innovify was invited to Judge the annual business plan competition for MSc & MBA students of the Imperial College, London keeping in account Innovify’s core expertise to encourage & hand hold tech-startups to succeed.
12 participating teams presented their startup ideas to the Panel.
A well-established corporate has experience ranging from a few year to decades that germinate from within the foundation of a tiny business venture. While a corporate thrives on its experience to chart a new route for entrepreneurial success, a startup would look for alternative, pathbreaking and disruptive ways to climb the ladder. Startups do things differntly. Their way of defining vision, goals, marketing objectives is thoroughly offbeat and that’s what sets them heading towards the pinnacle of success.
We met some really bright & interesting entrepreneurs & product evangelists during the Product Talk we organised on October 12th, 2015 at 9 Devonshire Square, London. With an objective to brainstorm about what happens when you have an idea for a startup, we organised the meet to discuss on the topic ‘Everyone has an idea: What’s the biggest problem we face?’
Innovify, a London-based tech foundry, successfully raised £174,000 crowd-funding round on Seedrs in January 2016.