Failories Newsletter. My . Fav.


Failories! New content 😉

 

The first piece is an interview with the founder of Flexiple, a Bengaluru-based freelancing platform that connects startups with developers. Everything started after an internship between 3 friends and it has grown, through outreach and side project marketing, to $80k/month.

 

The two other pieces are short articles explaining why have Vreal, a VR streaming platform, and Utrip, an AI-powered travel planning startup, recently failed.

 

💰 This newsletter is brought to you by the SaaS Web Summit!

$80K/month Connecting Startups with Developers

After working on a tech-related internship, Suvansh and his two friends decided to start testing different business ideas. The first ones failed, but then they launched Flexiple, a freelancing platform that connects startups with developers. This has been grown through cold outreach and side-project marketing up to $80,000/month.

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Flexiple

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Quick Read: Why Did Vreal Fail?

Started in 2015, Vreal was a virtual reality startup that enabled users to create avatars and interact with content creators and players on a shared VR space. However, after 4 years, the startup failed. They admitted that they were ahead of their time with a product whose market was never fully developed.

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Vreal

Quick Read: Why Did Utrip Fail?

Utrip was a travel planning startup that used AI and user recommendations to create highly personalized itineraries for its clients. The costs associated with sales, marketing and keeping the recommendation engine alive was too much for them, which made them be unprofitable and have to shut down.

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Best Startup events in Europe: courtesy – Thomas Ohr Newsletter


Are you wondering which startup & tech events will be worth attending in the coming months? We just published our annual report highlighting 30 of the best startup events in Europe. You can download it here! 🙂 And below you’ll find some additional startup news and opportunities that might be interesting for you:

Unbabel: In the recent days, there have been several big funding rounds in Europe. For example: Lisbon-based translation platform Unbabel just completed its €55 million Series C funding round.Construction Tech: UK-based construction company FK Group has launched FK Accelerate, a global startup search to drive innovation in the construction sector. FK Accelerate will identify technologies with the potential to revolutionise construction processes. Startups can apply now until the 13th of October. By the way: We recently highlighted 10 European construction tech startups to watch!

Investor Summit Liechtenstein: On October 31, the Investor Summit Liechtenstein will be the meeting place for the startup scene from Liechtenstein, Switzerland, Germany, and Austria. Selected startups will be pitching in front of over 200 interested attendees (incl. many investors). Get your ticket now!

Spend Management: A few days ago we published a guest post written by Rodolphe Ardant, co-founder and CEO of Spendesk, a fast-growing business spend management platform from France. It’s an interesting read!

Startup Advice: If you’re looking for some advice on how to deal with engineers and how to approach decision making, make sure to check out the 9th and 10th chapter of Marco Trombetti’s book “The New Prince”.

Seedrs: On Friday evening of last week we launched our equity crowdfunding campaign in private mode, which means that you currently have early access before the campaign will also be accessible to a bigger audience in a few days. Here is our campaign!

That’s all I wanted to share with you today, Jay. If you have any questions, please just hit the reply button and let’s talk. 🙂

Best regards,
Thomas

Thomas Ohr
Founder & Editor
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EU-Startups.com
Menlo Media S.L.
Sant Antoni Maria Claret 182, E1
08025 Barcelona, Spain
Thomas.Ohr@EU-Startups.com

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Ethical Alliance Daily News 


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United States: US sanctions Maduro’s stepsons for alleged food corruption
Jul 26, 2019 08:00 pm

The U.S. on Thursday imposed sanctions on three stepsons of Venezuelan President Nicolás Maduro, accusing them of forming part of a sophisticated scheme that stole hundreds of millions in dollars from food import contracts at a time of widespread hunger…
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Israel: Former Teva officials said to return $50m over fines paid by drugmaker
Jul 26, 2019 07:30 pm

Former management officials and directors at Teva Pharmaceutical Industries Ltd. will return a sum of $50 million to the drugmaker, as part of a compromise agreement to compensate for fines and damages incurred by the company to settle bribery charges,…
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Canada: Federal agency staff cleared of wrongdoing in internal SNC-Lavalin bribery investigation
Jul 26, 2019 07:00 pm

Staff at Export Development Canada were unaware that money it was lending to engineering giant SNC-Lavalin could have financed bribes in Angola, the Crown corporation said Thursday. EDC commissioned an internal review of its dealings with SNC-Lavalin after a high-level…
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Brazil: Brazil’s Petrobras receives over $100 million via recovered assets, deals
Jul 26, 2019 06:30 pm

Brazilian state-run Petrobras this week received 425 million reais ($112 million) as a result of leniency deals and recovered assets from parties involved in the country’s sprawling “Car Wash” corruption investigation, the oil firm said on Thursday. With the funds,…
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China: Former energy leader pleads guilty to bribery
Jul 26, 2019 06:00 pm

Nur Bekri, former head of the National Energy Administration, pleaded guilty to the charge of taking bribes in an open trial on Thursday at the Shenyang Intermediate People’s Court in Liaoning province. From 1998 to 2018, Nur Bekri used his…
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Zimbabwe: Zimbabwe tourism minister detained by new anti-corruption agency
Jul 26, 2019 05:30 pm

Zimbabwe’s Tourism Minister Prisca Mupfumira has been detained for questioning by a newly formed Zimbabwe Anti-Corruption Commission (ZACC), it said on Thursday. Mupfumira is the first senior government official to be detained by the commission which was appointed by President…
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Italy: Italy’s CMC di Ravenna denies any wrongdoing in Kenya dams scandal
Jul 25, 2019 08:00 pm

Italian construction company CMC di Ravenna, which faces charges in a multi-million dollar corruption scandal in Kenya, has denied any wrongdoing and is co-operating with Kenyan authorities, the firm said. Kenyan Finance Minister Henry Rotich pleaded not guilty to corruption…
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United States: SEC Awards Half-Million Dollars to Overseas Whistleblower
Jul 25, 2019 07:30 pm

The Securities and Exchange Commission announced a half-million dollar award to an overseas whistleblower whose expeditious reporting helped the Commission bring a successful enforcement action. The SEC has awarded approximately $385 million to 65 individuals since issuing its first award…
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United States: Parent charged in college bribery scheme set to plead guilty
Jul 25, 2019 07:00 pm

A California man accused of paying $250,000 to get his son into the University of Southern California is expected to plead guilty to a federal charge. Jeffrey Bizzack is scheduled to enter his plea in Boston’s federal court Wednesday. He…
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Mexico: Mother of senior aide to Mexico’s ex-president arrested in Germany
Jul 25, 2019 06:30 pm

The mother of Emilio Lozoya, the former chief executive of Mexican state oil company Pemex and a close confidant to ex-President Enrique Pena Nieto, has been arrested in Germany, Lozoya’s lawyer said on Wednesday. Lozoya and several of his family…
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Israel: Senior rabbinate kashrut official to stand trial for bribery
Jul 25, 2019 06:00 pm

State prosecutors are set to file criminal charges against the former head of the Chief Rabbinate’s import departments for allegedly accepting hundreds of thousands of shekels in bribes. Rabbi Yitzchak Arazi, who headed the unit responsible for certifying the kashrut of…
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Iraq: Arrest warrants issued for 11 senior Iraqi officials suspected of corruption: PM
Jul 25, 2019 05:30 pm

Iraqi Prime Minister Adel Abdul Mahdi said on Tuesday that arrest warrants were issued for 11 ministers and ministerial-level officials suspected of corruption. A total of 1,367 cases of corruption have been referred to the integrity courts, with 4,117 cases…
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Requested Ministry-wise PIB releases.


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