All posts by Fariha Tahir

The notion is to try new things and aspire for it.

<---INSIDE THE MIND OF A STARTUP ENTREPRENEUR--->

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Startups are fast – paced, small and ever-adaptive, and carry a great deal of risk for participants. Often they are built around the vision of only one or two people. These founders must be mentally indefatigable, steadfast believers in their product, and able to stay one step ahead, after all you are not the only one with the idea.
Transactional leaders excel in well established businesses where they work within a pre-established system. They complain about the management.
Transformational leaders shift the paradigm. They are often startup founders and entrepreneurs. In this case, the founders are the management.
Founders must deal with:

• Doubt – He/She is responsible for putting up a confident front in public, but does their idea really stand out?

• Bankruptcy – Founders often invest everything they have in their own idea, with no idea whether or not there will be a return.

• Loneliness – They are the management, and at the tip/top of the food chain, they don’t have many peers.

• Fears of Failure – Lost money, wasted time, ruined reputation are just a few of the fears of founders.

• Inescapable situation – Your workers can find other jobs. When the ship sinks you’re left with the three-
year lease on your building, remaining property or debt.

But as a group, founders play by their own rules. Many founders are hypomanic and fanatically believe in their own idea.

When the going gets rough, many founders can do it all…
What a founder should be able to do:

1. Development

o Write Code
o Build a server
o Design a splash page
o Assemble an email blast
o Scale

2. Analytics

o Develop and track a funnel
o Make decisions off cohort tracking

3. Marketing

o Write a blog post
o Deliver a keynote
o Build Links
o Conduct customer interviews
o Network
o Segment a market

4. Legal

o Understand a term sheet
o Recruit and Train
o Train an intern
o Hire A Players
o Replace B Players

5. Financial
o Analyze a balance sheet
o Make a budget
o Ignore a budget
o Balance the books

6. Personal

o Stay up 36 hours straight
o Lead
o Follow
o Find a mentor
o Stay creative
o Act alone

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Startup founder quotes:

“I never took a day off in my twenties. Not one.” Bill Gates, co-founder, Microsoft
“I’m convinced that about half of what separates the successful entrepreneurs from the unsuccessful ones is pure perseverance.” Steve Jobs, co-founder, Apple

“You jump off a cliff and assemble an airplane on the way down.” Reid Hoffman, Founder, LinkedIn
“Think big. Start Small. Iterate quickly.” Slava Rubin, founder, Indiegogo

“If you’re not making mistakes, then you’re not making decisions.” Catherine Cook, Founder, MeetMe

But as many founders know, that’s often not enough.
• 75% of startups fail, with 30% being complete failures in which even the founders lose equity and
everything is sold off to pay creditors.
• Many other just have no exit plan, don’t scale well, etc.

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Ideally:

Inspiration-> Concept -> Prototype

1. Bootstrap (using the money, time and expertise of the founders)
2. Angel investors (single investors that believe in the idea)
3. Venture Capital (generally more than angel investors, with mentorship, feedback, incubator opportunities

Beta Launch-> feedback -> public launch

1. Scale
2. Exit plan
o Trade, sell
o Go Public
o Continued growth

Pitfalls

• Not knowing the product/market fit
• Most startups fail not from product development, but from lack of consumer interest
• Wasting money on premature scaling.
• Renegotiating share of business
• No exit plan

AIRBLOCK

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Airblock is the first enjoyable, transformable, crash-able, and rebuild-able drone ever presented by Shenzhen-based robotics startup Makeblock! It’s transformable feature includes many options like it that can be turned into a hovercraft, a car, in general. What gets more interesting is that you can use your programming skills into something interesting and tangible artifacts.
Excited to know what are its features?
•Modular
It is easy to connect all the modular pieces together
•Programmable
Through programming cool aerial stunts can be done
•DIY
You can create things according to your imagination
•Versus Mode
You can race with others in this
•Controllable
Smart devices can be used to control
•Indoor Friendly
Bump into walls without making dents
Airblock has lightweight and is adaptable with magnetic parts, that can be assembled and disassembled easily. Its light weighted and engineered foam is soft, strong and durable. Its fans/blades are covered by hexagons. Hexacopter and hovercraft are the two main modes of drone but it can be transmuted into new modes. spec

This programmable drone is not only beneficial for programmers but also for children’s learning and creates their interest towards science and technology and their imagination comes to life.

Steps to activate Airblock drone:
•Read the value of three-axis gyroscope.
•Control aircraft to rotate.
•Control aircraft to move.
•Obtain ultra-sonic value.
•Control hovercraft to rotate.
•Control hovercraft to move.
•Set LED color.
•Set aircraft’s rotation angle.
•An interface for a simple numeric keypad.

The Airblock drone can be controlled through its app or you can use programming language or create new inhibitions in the app using drag –and-drop coding languages. It can be transformed into new modes
//add gif which has different modes

AIRBLOCK CONTAINS:

•Control core x 1
•Blade modules x 6
•Spare blades x 6
•Blade shields x 10
•Hovercraft base x 1
•Charger x 1
•Li- battery x 1
•USB cable x 1