TAU Systems’ Post

Partnerships are vital, innovations require complementary expertise on the arduous way to technological & commercial success. We value you. TAU Systems , #innovation , #partnership , #lasers , #ultraverse.

Corporates sometimes ask why we are the right partner to accelerate their #openinnovation journey. Why would we be the ones to bring them the most innovative and relevant startups & scaleups? Part of the answer is right here. PitchBook just released their 2023 VC league tables, and Plug and Play ranks in the top 10 investors across growth stages. So why would being an active VC help make us a strong partner for open innovation? Here's a few reasons: 🔗 Network - with +80.000 startups in our proprietary database, connections to the world's foremost VCs, and presence in top startup ecosystems across the globe, our partners tap into one of the largest startup networks in the world. ✨ Always the latest - as an active VC, our Ventures team has an ear to the ground for the latest technologies and developments springing up in the market. No matter the industry or challenge, we can find new (or established) players with solutions that are on the cutting edge. 🔎 Market insight - Our insights and expertise in the latest developments feeds right back to our partners. For every incumbent challenge, there is likely to be a host of startups trying to solve it. We can tell you which solutions are succeeding elsewhere, and how to benefit from that success. Glad to be part of this team!

The NASSCOM Innotrek Experience #9 / 101 In 2015, ActOnMagic was selected to participate in NASSCOM Innotrek, a special program where NASSCOM connects startups with global VCs. It was a wonderful program that provided exposure to TiE Silicon Valley and its ecosystem. We visited the offices of Google, Facebook, Y Combinator, and attended insightful sessions on building startups. These experiences were vital and provided founders with much-needed confidence. As a bootstrapping startup, I hustled a lot (like many other founders). I want to thank my friend Sambath and his family for hosting me at their residence for a week. I recall one VC who shared boldly about how VCs make money and how they choose to spend their time. If I remember correctly, VCs get a percentage of the funds they manage. If they return multiple X returns, they make multiples of that percentage. VCs focus on finding companies that can give 10x, 100x returns. At TiE Silicon Valley, the startup booths were very powerful! I learned lots of marketing tips. I remember a guy wearing a big backpack with messages about his startup and contact details on the outer side. Great exposure! An invaluable experience was travelling with other 39 startup founders in the bus, learning from their experiences and NASSCOM volunteers Reference: https://lnkd.in/gHJRXnxs Have a great day! #vc #startupstory #founder #actonmagic #sweetmantra #siliconvalley #Facebook #google #ycombinator #nasscom #innotrek

Are you a Dutch (deep)tech startup and looking to scale your business to the US and/or raise your Series-A? Fast-track your expansion by applying to the ScaleNL Accelerator East Coast 2024 program 🤝  Gain access to an exclusive network of mentors, investors, and partners in the East Coast ecosystem. - Is entering the US market and/or raising your Series-A your next priority? Then join the ScaleNL Accelerator East Coast 2024 cohort to fast-track market entry for your company. 🚀 We are looking for 10 promising Dutch (deep)tech startups that are ready to make this move. Apply now to the East Coast 2024 edition of ScaleNL Accelerator program, featuring 10 weeks of sessions, coaching, and mentoring, and one week in New York and Boston 🗽 - Applications for the ScaleNL Accelerator East Coast 2024 are now open! If you're a Dutch (deep)tech startup considering scaling your business and/or raising your Series-A in the US, then this program is for you! 👋 Don’t miss out on an opportunity to jump-start your business in the US and become one of our 10 startups for this upcoming cohort. Make your mark in New York and Boston and apply here before August 15, 2024 🗽 👉Apply now before August 15, 2024 to be one of the 10 startups in our cohort! https://lnkd.in/gTy8nw2t

📣 A call for European policymakers to unify the startup ecosystem. If you also dream of Europe becoming the home of the world’s most valuable and innovative businesses, and a magnet for top talent in tech, sign the following petition to create a pan-European startup entity! #unifythestartupecosystem

Since our US launch last Christmas we: 🇺🇲 Currently have HUNDREDS of US members 📈 Operating at $600k ARR So how did we get there? Well there’s two key areas👇🏻 1️⃣ Partnerships The sheer size of the US market means any partnership we foster unlocks a much bigger scale of distribution compared to the UK. From Mana Tech to Startup Grind, we’ve partnered with key players in the Miami startup ecosystem to sponsor tech meetups, pitch competitions whilst offering incentives such as free memberships and masterclasses. 2️⃣ Bolstering our tech We’ve been making heavy investments into our data/tech capabilities, leveraging AI to help startups understand their data better and enhance their ability to connect with the right experts. Have a read through my interview with Refresh Miami with Riley Kaminer for more insight into our US expansion and the future of Connectd. #Founders #MiamiTech #Startup  

Hundreds of new members and $600k ARR 🇺🇸 In a recent Refresh Miami interview with Riley Kaminer, our Founder and CEO, Roei Samuel, shares more behind Connectd's rapid growth in the US Here’s a sneak peek👇 1️⃣ Strategic Partnerships: By partnering with key organisations like Mana Tech and Startup Grind Miami, we expanded distribution, hosted tech events, and offered incentives like free memberships and masterclasses. 2️⃣ Tech Investments: Making significant investments into our data/tech capabilities to leverage AI and help startups understand their data better, further enhancing their ability to connect with the right experts. Read more about our US expansion in Roei's interview with Refresh Miami: https://lnkd.in/dSsvgUTK #Startup #MiamiTech #Founders #Connectd

🚀 #startup and #scaleup founders! 🚀 📅 Are you in #NYC on June 6th? Don’t miss our "Founders GTM Coffee Talk" at #TechWeekNYC! Join industry experts John (Jack) Nolan and I from Startup IQ as we explore the realities of startup sustainability and #growth. With investor expectations rising from $100k per employee in 2019 to $300k in 2024, this session is crucial for founders focused on building scalable, revenue-generating businesses. 🗣️ Learn how to overcome the challenges that contribute to a 90% failure rate in tech startups. Gain strategic insights into sales execution and go-to-market strategies essential for attracting #investors and achieving long-term success. #NYCStartups #SalesStrategy #Networking #FounderTips #TechWeek Follow the link to register..

🚀 Reflecting on Recent Interactions with European Startups 🚀 "This is personal experience and about the software-based startups" In my recent journey exploring potential partnerships and collaborations with European startups, I engaged in 25 insightful interviews. These conversations were an opportunity to peer into the ambitions and visions that fuel our industry's innovative minds. A recurring theme I've noticed, however, is a focus that seems incredibly localized – with many startups crafting solutions primarily tailored to city-level markets. While the dedication to addressing immediate, local needs is admirable, this approach may limit their ability to scale and compete on a global stage. This observation isn't a critique but a call to action. The tech landscape is vast and varied, and the challenge of creating solutions that transcend local boundaries is significant. Yet, it's within these challenges that great opportunities lie. To the brilliant minds behind these startups: consider the global potential of your solutions. The world is vast, and the problems we face are often universal. By broadening your perspective, you're not just opening your product to new markets; you're also inviting diverse insights that can enrich your offering. As we continue to navigate the complexities of the tech ecosystem, let's embrace the potential for global impact. Your innovation can change the world – let's dream big, together. #Startups #Innovation #GlobalScale #TechIndustry #Partnerships #EuropeanStartups #SaaS

Why Startups Fail? Lessons From Founders 64% of tech founders reported that their company had faced a potential business failure. On average, tech companies encountered their potential failure after roughly 17 months in business. 75% of founders who faced potential business failures admitted that their company was not adequately prepared to be in business. The most common reasons for startup failure is ran out of money, no financing or investor interest, product with out business model, no market need, legal challenges, out competed, disharmony among team or investor, pricing or cost issues, user unfriendly product, not the right team and product mistimed. According to a survey, the top two pieces of advice that founders provided to prevent failure are maintaining a stronger business plan (50%) and more financial backing (47%). Notably, 40% of founders said that pivoting was essential to preventing failure. A critical component of a strong business plan is ensuring that you do extensive research at the outset. Spending significant time on research will help set you up for success over the long term. https://lnkd.in/e2g88Dxc #NESTChangeAgent #StartupMentorship #EthiopianStartupEcosystem #TransformationalLeadership