tag:blogger.com,1999:blog-53238177820247363512024-03-23T15:45:00.737+05:30Learnings from EntrepreneurshipEntrepreneur & Business Developer; Like to blog about Growth, Business Models, Technology, Innovation & Strategy.manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.comBlogger667125tag:blogger.com,1999:blog-5323817782024736351.post-5989538913598914572020-08-22T14:31:00.008+05:302020-08-22T14:34:04.246+05:30#BuiltAroundAdversity<div class="separator" style="clear: both; text-align: center;"><a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQKkByPHwO46WesHvsiPqYKr9bdQ6UyjtiHro_J-Fptpot6AzWovwUm-pWuh6EoSss1XB8KKFn5yk0UVC89tuktLEzRli0G1HrO7PTRtYx0rIkYnhEST2XPXxzTSr4-QQ3oo-wp0CqOXM8/s1080/BUILDING+STARTUPS+AROUND+ADVERSE+EVENTS.png" style="margin-left: 1em; margin-right: 1em;"><img alt="startup ideas" border="0" data-original-height="1080" data-original-width="1080" height="134" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgQKkByPHwO46WesHvsiPqYKr9bdQ6UyjtiHro_J-Fptpot6AzWovwUm-pWuh6EoSss1XB8KKFn5yk0UVC89tuktLEzRli0G1HrO7PTRtYx0rIkYnhEST2XPXxzTSr4-QQ3oo-wp0CqOXM8/w134-h134/BUILDING+STARTUPS+AROUND+ADVERSE+EVENTS.png" title="startup ideas" width="134" /></a></div><p>In the last few years, we've faced a number of events which have impacted our lives drastically. Most people suffer as these events force us to change the way we live and approach our regular lives.</p><p>On the bright side, these changes become a boon for certain startup sectors, pushing startups into a hyper growth cycle. Be it Demonetization which put Digital Payment providers like Paytm into fifth gear, or be it the current Covid pandemic which has propelled Edtech/Epharmacy/Eretail or other "E" sectors into hyper growth.</p><p>This brings us down to a question, should startups look to build around a pain-point which may not be as severe at present, but is likely to escalate down the line. Some examples can be</p><p>- increasing crime due to a slowdown and unemployment</p><p>- targeting of a particular religious group</p><p>- the Govt. cracking down on other personal assets like jewelery, gold</p><p>- major cities not having water to sustain</p><p>Building with this view, it sounds a bit like a gamble, but who knows!!!</p>manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0tag:blogger.com,1999:blog-5323817782024736351.post-9018095658079041902018-12-13T14:13:00.000+05:302018-12-13T14:13:00.849+05:30How I lost my 20s to Compulsive Entrepreneurship<div dir="ltr" style="text-align: left;" trbidi="on">
Entrepreneurship is a buzz word which is attracting a lot of the younger lot today. With the successes of startups like Google, Facebook etc., college students as well as young professionals are looking for gaps to launch their startup. They feel that they too can find an interesting opportunity and scale their companies. On the one hand, this is an extremely positive and equitable environment for all to launch a business. On the other, if entrepreneurship is not done right with the right mindset and planning, it can prove to be a waste of time and resources.<div>
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Compulsive Entrepreneurship is one such mistake budding entrepreneurs can make. Eager to be entrepreneurs jump into ventures without a plan for success. I have been guilty of this and would like to share my experiences with this booklet of mine. This booklet is meant for all budding entrepreneurs and fresh graduates.</div>
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<b>Read the book <a href="https://www.slideshare.net/ManishHada/how-i-lost-my-20s-to-compulsive-entrepreneurship">here</a>.</b></div>
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manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0tag:blogger.com,1999:blog-5323817782024736351.post-13077850789624449652018-10-09T13:40:00.003+05:302018-10-09T13:44:19.078+05:30The 10 Step Problem Solving Approach<div dir="ltr" style="text-align: left;" trbidi="on">
The following is a problem solving approach I developed and have found it to be very useful.<br />
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<b>1. State the high level problem in 1 sentence</b></div>
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<b>2. Quantify the problem by using metrics</b></div>
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<b>3. Identify key terms in the problem statement from 2. above</b></div>
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<b>4. State all factors which can affect the key terms identified in 3. above</b></div>
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<b>(Based on factor identified, also identify any key people/parties involved)</b></div>
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<b>5. Check trends in key factors</b></div>
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<b>6. Prioritize factors (from 5.) which impact the problem statement in 2. above</b></div>
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<b>7. Analyse each factor thoroughly (breakdown into smallest parts)</b></div>
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<b>8. Propose solutions for different factors</b></div>
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<b>9. Analyse solutions based on</b></div>
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<b>a) Resources/effort required</b></div>
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<b>b) Impact on key players</b></div>
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<b>c) Priority of factor from 6. above</b></div>
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<b>10. Prioritize solutions</b></div>
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<b>a) Start with ones requiring low effort and have low impact ("picking the low hanging fruit")</b></div>
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<b>b) For similar efforts & impacts, use priority as deciding factor</b></div>
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Let's take an example to show how the approach can be used in a practical scenario.<br />
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1. My school is losing money<br />
2. School expenses are higher than school income<br />
3. Key terms - school expenses, school income<br />
4. School expenses - salaries, administrative expenses, interest<br />
School income - fees, no. of students<br />
Key People: Salaries - teachers, admin staff, transport staff; Interest - banks; Income - parents/students<br />
5. Monthly salaries have gone by 25% in the last 12 months, administrative expenses by 8% and interest is the same. School income is flat in the period.<br />
6. Priority - salaries, admin expenses, interest/school income<br />
7. Salaries = staff*salary = (teaching staff + admin staff + transport staff)*salary<br />
No. of admin staff has gone up by 20% for same amount of work<br />
Admin expenses = facility expenses + transport expenses<br />
Transport expenses have increased by 10% due to higher diesel expenses<br />
8. Proposed solutions<br />
a) Reduce admin staff by reallocating work<br />
b) Outsource some admin work to bring efficiency and cost saving<br />
c) Optimize transport routing using GPS<br />
d) Switch some buses to CNG<br />
9.<br />
Reduce admin staff - LOW effort required, HIGH impact on key players due to increase workload and panic of losing job, HIGH as salaries are the highest priority<br />
Outsource admin work - LOW resources required, MEDIUM impact on key players because of staff panic, HIGH as salaries are the highest priority<br />
Optimize transport routing - MEDIUM resources required due to new GPS and routing optimization system, LOW impact on key players, MEDIUM as transport is not the highest priority<br />
Switch some buses to CNG - HIGH resources required, LOW impact on key players, MEDIUM as transport is not the highest priority<br />
10. Solutions proposed<br />
a) Outsource some admin work<br />
b) Reduce admin staff if possible after a)<br />
c) Optimize routing for transport<br />
d) Switch some buses to CNG</div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0Gurugram, Haryana, India28.4594965 77.02663830000005928.236063 76.703914800000064 28.68293 77.349361800000054tag:blogger.com,1999:blog-5323817782024736351.post-34351629694314583362017-11-14T20:03:00.001+05:302017-11-14T20:04:44.389+05:30Subscription Revenues; On-Demand Expenses<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhB08byUpen-qABTFu8Gd9emDQwvagqqpJ1P7iKmblfI4ban6XjHqD5YROSvzTN_dtjW26ddkH8y-i6XuiHWD5qkrS6AhmO1bHfD6ye1aMuIiooQ-NYkxnRAcA_1td5meyhjaooPzhJBdeg/s1600/1.PNG" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" data-original-height="427" data-original-width="424" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhB08byUpen-qABTFu8Gd9emDQwvagqqpJ1P7iKmblfI4ban6XjHqD5YROSvzTN_dtjW26ddkH8y-i6XuiHWD5qkrS6AhmO1bHfD6ye1aMuIiooQ-NYkxnRAcA_1td5meyhjaooPzhJBdeg/s1600/1.PNG" /></a></div>
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Note: Businesses should look at moving towards a model for recurring inflows while they should making their expenses as variable as possible.<br />
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manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0tag:blogger.com,1999:blog-5323817782024736351.post-27927473964395688642017-09-15T00:34:00.001+05:302017-09-15T00:34:41.093+05:30Social Media Changes the Landscape of the Legal Discovery Process<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-family: Arial; font-size: 11pt; font-weight: 700; margin-left: 1em; margin-right: 1em; vertical-align: baseline; white-space: pre-wrap;"><img alt="role of social media in translations industry" height="212" src="https://lh5.googleusercontent.com/ytFV_oiPhc4q31XoSueSjS1RgOFRjz5yJd0r0uGsUfoGerm5btnr_NpGWEFjbjTXMW-UOWumpqgiXvsCiMVBu27ICTO2QHS2pKa6-qIkUeruxwrN5imSTbTpWSlHvYDr9J6anBA1" style="border: none; transform: rotate(0rad);" title="role of social media in translations industry" width="320" /></span></div>
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As the internet has increased our ability to communicate and
share information, the volume of electronically stored information (ESI) has
multiplied exponentially. As a result, ESI has become a routine and critical
component of litigation.</div>
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In 1986, the US Congress enacted the Stored Communications
Act (SCA) to provide Fourth Amendment protections for ESI. The discovery
process now includes “e-discovery,” which allows litigants to demand copies of
ESI when relevant to a case. For cross-border litigation, this means <a href="https://www.morningtrans.com/services/translations/">professional
translations</a> becomes essential. The laws regarding ESI also pertain to
businesses in that they must be all the more watchful and cautious of what is
shared online. </div>
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<b>Social Media Expands
Discovery Opportunities</b></div>
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Online communications have become second nature for
individuals and businesses. Blogs, websites, databases, and email are all part
of ESI now and accessible through the discovery process in court. The
evidentary value to lawsuits of all kinds, from personal injury to family
matters, cannot be underestimated.</div>
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The online nature of evidence goes beyond the their textual
content. Date-stamping, authorship, key-logging and more all fall under the
umbrella of discovery now. Courts have even allowed disclosure demands for
passwords to protected material. Considering the international nature of the
world in which we currently live, the need for legal language translators has
become integral to e-discovery, too.</div>
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<b>Discovery Must Become
Social Media-Savvy</b></div>
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Companies large and small are leveraging the web for
marketing and communications. Among the Fortune 100, at least a third maintain
active blogs, over half have Facebook pages, and nearly three-quarters have a
Twitter account. Increasingly, this material is also translated into foreign
languages to serve local markets, requiring more retention and the need for
translation services.</div>
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All this ESI comes with the legal requirement to save and
store it. Often, this is done using digital means. </div>
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Companies have legal duty to preserve ESI. The legal system
has taken steps to enforce compliance with e-discovery rules and come down hard
on litigants who have deleted, altered, or tampered with ESI. </div>
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<b>Individuals Can Be At
e-Discovery Risk<o:p></o:p></b></div>
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Anything someone says, writes, or stores in a digital format
might someday become relevant to a court case. With the ease of deleting, and
the fact that it is often routine habit, it is tempting to delete ESI when
faced with a lawsuit. Individuals should be aware that deleting potential
evidence is a crime that can result in severe penalties.</div>
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The best way to avoid this situation is to not post
potentially harmful information in the first place. If an individual or
business doesn’t want certain information to end up in a lawsuit, it should not
be posted.</div>
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<b>The Complications of
a Multilingual, Online World<o:p></o:p></b></div>
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Companies that specialize in e-discovery bring a high level
of expertise to finding and acquiring ESI relevant to court cases. To meet the
challenge, they can also provide sophisticated language translations services. </div>
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The informal nature of social media materials are
particularly difficult from a translation point of view. Professional legal
translations capture unique information and provide accurate representations of
foreign language content that might be crucial in court.</div>
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<b>The Demand for
e-Discovery Grows Daily<o:p></o:p></b></div>
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The stakes are high for the legal industry to utilize
translations in their ESI discovery process. Facebook has close to two billion
users. Twitter users post over 500 million tweets daily. LinkedIn is available
in 20 different languages. The market for e-discovery software and services has
a value over $8 billion and that figure is expected to rise to over $21 billion
in the next five years.</div>
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The sheer volume alone requires professional services to
search, collect, and translate this information into a useable, legal format.
If individuals and businesses are not prudent in their postings, anything might
end up in court and be a resource for the prosecution.</div>
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<b><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 9.5pt;">Bio of
the Author:<o:p></o:p></span></b></div>
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<i><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 9.5pt; mso-bidi-font-size: 11.0pt;">Sirena</span></i><i><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 9.5pt;"> Rubinoff
is the Content Manager at Morningside Translations. She earned her B.A. and
Master’s Degree from the Medill School of Journalism at Northwestern. After
completing her graduate degree, </span></i><i><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 9.5pt; mso-bidi-font-size: 11.0pt;">Sirena</span></i><i><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 9.5pt;"> won
an international fellowship as a Rotary Cultural Ambassador to Jerusalem. </span></i><i><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 9.5pt; mso-bidi-font-size: 11.0pt;">Sirena</span></i><i><span style="color: #222222; font-family: "Arial","sans-serif"; font-size: 9.5pt;"> covers topics related to software and
website localization, global business solutions, and the translation industry
as a whole.</span></i></div>
<span id="docs-internal-guid-795370bf-81c1-72bc-d765-e79b665201d5"></span></div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0tag:blogger.com,1999:blog-5323817782024736351.post-77426420299717582762017-07-07T20:49:00.000+05:302017-07-07T20:49:24.402+05:30Pricing a Cryptocurrency: Reddcoin<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiFnDPpwCI55DOrMANVGdL8h4K08DUu7NwvK2LdPKbf4yds9u61HM-AaIo6TjClxGWIwLWlSf2NiH5oGxN2om1Xa6vKyEjDweakZ1_ZlGeDLzqdl8Ghx2whaM3-uJQdZp2n5sgufYr1S1K/s1600/1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="reddcoin price" border="0" data-original-height="142" data-original-width="355" height="128" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhiFnDPpwCI55DOrMANVGdL8h4K08DUu7NwvK2LdPKbf4yds9u61HM-AaIo6TjClxGWIwLWlSf2NiH5oGxN2om1Xa6vKyEjDweakZ1_ZlGeDLzqdl8Ghx2whaM3-uJQdZp2n5sgufYr1S1K/s320/1.png" title="reddcoin price" width="320" /></a></div>
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<span style="font-family: inherit;"><b>CRYPTOCURRENCY</b>: <a href="https://www.reddcoin.com/">Reddcoin</a></span></div>
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<span style="font-family: inherit;"><b>DESCRIPTION OF
BLOCKCHAIN APPLICATION</b>: Reddcoin is a digital currency which can be
integrated with all major social media platforms to make payments and transfer money
between users. It is based on the Blockchain and has an innovative “<a href="https://www.reddcoin.com/papers/PoSV.pdf">Proof of Stake Velocity</a>” algorithm
driving it.</span></div>
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<span style="font-family: inherit;"><b>MAIN USE-CASE</b>:
Using Blockchain to disrupt the payments through social media platforms.</span></div>
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<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b>TOTAL DEMAND</b>:
According to a <a href="https://www.juniperresearch.com/press/press-releases/global-digital-payments-to-reach-$3-6-trillion">research
by Juniper Research</a>, the global digital payments market will reach USD 3.6
trillion in 2016. Cards will account for 90% of these payments. Based on the increasing
popularity of payments through social media, we can assume atleast 1% of the
total payments will be made through social media (the rest can be wallets). This implies a potential demand of USD 36
billion.</span></div>
<div class="MsoNormal" style="text-align: left;">
<br /></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b>TOTAL SUPPLY</b>:
Currently, there are 28.55 billion Reddcoins in circulation (growing at 5%
annually).</span></div>
<div class="MsoNormal" style="text-align: left;">
<br /></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b>RISK FACTOR</b>: A
lot of risks exist in this project.</span></div>
<div class="MsoNormal" style="text-align: left;">
<br /></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">*Regulatory Risk: Medium to High, as transfers can be
national or international. The coin’s utility to purely to transfer money
between people.</span></div>
<div class="MsoNormal" style="text-align: left;">
<br /></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">**Utility Risk: Medium, social payments itself is slowly
picking steam. Trust is a crucial factor and a new entrant will find it very
challenging to penetrate this market.</span></div>
<div class="MsoNormal" style="text-align: left;">
<br /></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">**Platform Risk: Low to Medium, as the coin uses a new and
innovative Proof of Stake Velocity algorithm. This ensures fast block approvals,
which is a big limitation of leading cryptocurrencies.</span></div>
<div class="MsoNormal" style="text-align: left;">
<br /></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">**Execution Risk: High, as I could not get enough
information on the team behind the Reddcoin.</span></div>
<div class="MsoNormal" style="text-align: left;">
<br /></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">Based on the above, the Risk Factor for this startup can be
(2*0+2*0.33+2*0.33+2*0)/7 = 0.19</span></div>
<div class="MsoNormal" style="text-align: left;">
<br /></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b>POTENTIAL MARKET
SHARE WHICH CAN BE CAPTURED</b>: 5% due to entry into a new and upcoming
market.</span></div>
<div class="MsoNormal" style="text-align: left;">
<br /></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b>TARGET PRICE FOR REDDCOIN</b>:
36*5%*0.19/28.55 = <b>USD 0.012</b></span></div>
<div class="MsoNormal" style="text-align: left;">
<br /></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">(*I do not have any Reddcoins. This is purely my estimate
for this cryptocurrency and I arrive at it using a very simplistic approach.)</span></div>
</div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com1tag:blogger.com,1999:blog-5323817782024736351.post-52014774880275087882017-06-28T00:34:00.000+05:302017-06-28T00:34:07.745+05:30Pricing a CryptoCurrency: Game Credits<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdGOt0nYeDWRcJXLSPby3B3hzCtM1q8Hxk7iYFditL9xhpY-Qr0_LfWrWfmn8-uyzr4THNy0AaNYXxIilIYcNztR2_-Y1B3wNy0sxKKlgeLuLhUKag3c2iAlVVkIqzvzaFlAXQTMjgUOue/s1600/1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="gamecredits coin" border="0" data-original-height="161" data-original-width="256" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhdGOt0nYeDWRcJXLSPby3B3hzCtM1q8Hxk7iYFditL9xhpY-Qr0_LfWrWfmn8-uyzr4THNy0AaNYXxIilIYcNztR2_-Y1B3wNy0sxKKlgeLuLhUKag3c2iAlVVkIqzvzaFlAXQTMjgUOue/s1600/1.jpg" title="gamecredits coin" /></a></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><br /></b></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b>CRYPTOCURRENCY: </b><a href="https://gamecredits.com/">GameCredits</a><b><o:p></o:p></b></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><br /></b></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b>DESCRIPTION OF
BLOCKCHAIN APPLICATION</b>: GameCredits is a cryptocurrency based on a gaming
gateway built on the Blockchain. It aims to make in-game payments seamless,
easy and secure. The main advantages include player anonymity, easy integration
with games, more deposit options for local as well as international games and
the security and immutability advantages of the Blockchain.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><br /></b></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b>MAIN USE-CASE</b>:
Using Blockchain to disrupt the In-Game Payment Market.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><br /></b></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b>TOTAL DEMAND</b>: According
to market researcher <a href="http://www.newzoo.com/">Newzoo</a>, the global
game revenues are expected to grow to USD 128.5 billion. This is almost
entirely through user spending on games, and not advertising revenue.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><br /></b></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b>TOTAL SUPPLY</b>: 84
million GameCredits.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><br /></b></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b>RISK FACTOR</b>: A
lot of risks exist in this project.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">*Regulatory Risk: Low, as closed application of credits suggests
productive use of cryptocurrency. International transfers may get some
regulatory attention.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">**Utility Risk: Low, as there does exists a strong use-case
based on the core advantage of the Blockchain technology, i.e. decentralized
and hence cost effective.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">**Platform Risk: Medium, as the Blockchain itself does not
seem risky. However, adoption by gaming companies and integration with
different systems might be a challenge. Along with the interoperability issue,
scalability might be a concern as gaming involves small but frequent
micro-payments. Also some gaming companies might prefer private Blockchain
solutions to keep their users sticky and to build customer loyalty.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">**Execution Risk: Medium to High, as though GameCredits has
a strong team of technology and business people from the Gaming Industry.
However, it will have to face powerful incumbents to gain market-share.
Competitors like Apply Pay, Visa etc. have established a very strong foothold
in the payment space. Getting market-share from these companies will be tough. Price
competitiveness would be a major factor to get market share.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">Based on the above, the Risk Factor for this startup can be
(0.67+2*0.67+2*0.33+2*0)/7 = 0.38</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><br /></b></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b>POTENTIAL MARKET
SHARE WHICH CAN BE CAPTURED</b>:<b> </b>5%
due to distributed Gaming Industry. </span></div>
<div style="text-align: left;">
<span style="font-family: inherit;"><b><span style="line-height: 115%;"><br /></span></b></span></div>
<div style="text-align: left;">
<span style="font-family: inherit;"><b><span style="line-height: 115%;">TARGET PRICE FOR LBRY
CREDITS</span></b><span style="line-height: 115%;">: 128.5*5%*0.38/0.084 = <b>USD 29.07</b></span></span></div>
<div style="text-align: left;">
<span style="font-family: inherit;"><span style="line-height: 115%;"><b><br /></b></span></span></div>
<div class="MsoNormal">
(*I do not have any GameCredits. This is purely my estimate
for this cryptocurrency and I arrive at it using a very simplistic approach.)</div>
</div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0tag:blogger.com,1999:blog-5323817782024736351.post-37599827834484769912017-06-18T02:30:00.000+05:302017-06-18T03:08:30.922+05:30Pricing a CryptoCurrency: LBRY Credits<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhc-13jjf-d6dNp8mq8lcpIvY0-z2ATxjdU4n7pOkPaP1yu_zkj7IjCGe6_4jH73UKE4-35ULB_97IgpjJzjLgXirExcTEhyphenhyphenx3ASQimAdwJS93TWQvgCYEYG7cFHArkj8HMkEDjqTtu1Q6-/s1600/1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="lbry coin" border="0" data-original-height="528" data-original-width="1600" height="105" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhc-13jjf-d6dNp8mq8lcpIvY0-z2ATxjdU4n7pOkPaP1yu_zkj7IjCGe6_4jH73UKE4-35ULB_97IgpjJzjLgXirExcTEhyphenhyphenx3ASQimAdwJS93TWQvgCYEYG7cFHArkj8HMkEDjqTtu1Q6-/s320/1.jpg" title="lbry coin" width="320" /></a></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><br /></b></span></div>
<div class="MsoNormal" style="text-align: left;">
<br /></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b>CRYPTOCURRENCY: </b><a href="http://lbry.io/">LBRYCredits</a><b><o:p></o:p></b></span></div>
<div class="MsoNormal" style="text-align: left;">
<b><span style="font-family: inherit;"><br /></span></b></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b>DESCRIPTION OF
BLOCKCHAIN APPLICATION</b>: LBRY is a content sharing platform built on a
native Blockchain. It aims to connect content creators to content consumers
directly and payments will flow from the latter to the former through LBRY
Credits. I like this cryptocurrency as it is based on a solid use-case.</span></div>
<div class="MsoNormal" style="text-align: left;">
<b><span style="font-family: inherit;"><br /></span></b></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b>MAIN USE-CASE</b>:
Using Blockchain to disrupt the Paid-Content Market.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><br /></b></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b>TOTAL DEMAND</b>: The
Paid Content Market in 2017 is estimated to be USD 180 bn (source: <a href="https://www.juniperresearch.com/document-library/white-papers/making-digital-content-pay">article byJuniper Research</a>). This includes digital content like videos, music, games,
articles etc. LBRY intends to target this market and capture this value. Owing
to strong incumbents and being conservative, we can say that LBRY might be able
to gather upto 10% of this value in due course. Also we can ignore growth of this space to be extra conservative and get a as-is-where-is value.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><br /></b></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b>TOTAL SUPPLY</b>: 1
bn. LBRY Credits will be available at the end of 20 years of the project.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><br /></b></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b>RISK FACTOR</b>: A
lot of risks exist in this project.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">Regulatory Risk: Low, as closed application of credits suggests
productive use of cryptocurrency.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">Utility Risk: Low, as there does exists a strong use-case
based on the core advantage of the Blockchain technology, i.e. decentralized
and hence cost effective.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">Platform Risk: Medium, as the Blockchain itself does not
seem risky. However, certain features like an ongoing public action of domain
names on the LBRY network is a risky one for content publishers.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">Execution Risk: Medium to High, as though LBRY has a strong
team, it will have to face powerful incumbents to gain market-share. Competitors
like Netflix, Spotify, Youtube, iTunes etc. have established a very string
foothold built on strong content and excellent customer experience. Getting
market-share from these companies will be tough. However, small content
creators might find it useful to go with the LBRY project in return for more
control over the returns on their content. Slowly, this trend could pick up and
spread.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">Based on the above, the Risk Factor for this startup can be
(0.67+0.67+0.33+0)/4 = 0.41</span></div>
<div style="text-align: left;">
<span style="font-family: inherit;"><b><span style="line-height: 115%;"><br /></span></b></span></div>
<div style="text-align: left;">
<span style="font-family: inherit;"><b><span style="line-height: 115%;">TARGET PRICE FOR LBRY CREDITS</span></b><span style="line-height: 115%;">:
180*10%*0.41/1 = <b>USD 7.51*</b></span></span></div>
<div style="text-align: left;">
<span style="font-family: inherit;"><span style="line-height: 115%;"><b><br /></b></span></span></div>
<div style="text-align: left;">
<span style="font-family: inherit;"><span style="line-height: 115%;">(*I do not have any LBRY Credits. This is purely my estimate for this cryptocurrency and I arrive at it using a very simplistic approach.)</span></span></div>
</div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0tag:blogger.com,1999:blog-5323817782024736351.post-5509071166894942132017-06-10T20:30:00.000+05:302017-06-10T20:31:06.195+05:30Investing in a Cryptocurrency<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivdAv8Jb13QODP6KLCU43lJtajtQt5fOCyHf9jR6F683qvtLM7LPioPjkzUcWL-CqA6ObKd6D3xvi8B8nkJ9MrV48R0_pQSj7k0PeYVCe0HaqCvxb712-VlxRBApq9jjiTz9f7zdXawxAC/s1600/1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="investing in cryptocurrency" border="0" data-original-height="455" data-original-width="680" height="214" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivdAv8Jb13QODP6KLCU43lJtajtQt5fOCyHf9jR6F683qvtLM7LPioPjkzUcWL-CqA6ObKd6D3xvi8B8nkJ9MrV48R0_pQSj7k0PeYVCe0HaqCvxb712-VlxRBApq9jjiTz9f7zdXawxAC/s320/1.jpg" title="investing in cryptocurrency" width="320" /></a></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">I believe the <a href="https://www.blockchain.com/">Blockchain </a>is a truly revolutionary technology which
can impact many industries in the future. Crypto-tokens are essentially the
store of value of a particular application of the Blockchain. Since the
underlying technology is robust and sustainable, the currencies built on it are
also the same.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">To make an investment in a cryptocurrency, I would recommend the
following steps:<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">1. Check out various currencies and read about the underlying
Blockchain applications.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">2. Shortlist a currency which has a clear, concise and
understandable use-case. The use-case should be around a real world problem,
where the application of the Blockchain has the potential to add value.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">3. Read about the currency – the total supply, distribution
structure, mining rewards, consensus mechanism etc.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">4. Checkout the team behind the currency. The team should be a
good mix of people having the necessary skills and experience to execute.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">5. If all seems fine, go further. Else go back to Step 2.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">6. Try to arrive at a fundamental value for the currency. Check
out <a href="http://etrlearning.blogspot.nl/2017/06/pricing-cryptocurrency.html">my post</a> on this. If this is difficult to do, check out any comparable
currencies and compare their metrics (price and quantity traded) to arrive at a
value.<o:p></o:p></span></div>
<div style="text-align: left;">
<span style="line-height: 115%;"><span style="font-family: inherit;"><br /></span></span></div>
<div style="text-align: left;">
<span style="line-height: 115%;"><span style="font-family: inherit;">7. If the market value is fairly below the fundamental value calculated
above (atleast 30-40%), INVEST!</span></span></div>
</div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0tag:blogger.com,1999:blog-5323817782024736351.post-53827190953962464232017-06-09T19:22:00.000+05:302017-06-09T19:22:35.745+05:30Invest in CryptoCurrencies. Don't Gamble in Them!<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcCghRMFG0kr9_vPnWyEws4jQoo821FUYCk4-6RZxxvT7ueMBsRtfkOXIxiDBxkrPvJddI9Q4YZYTegzgd_0dSb3m43dTN8BuFZFiQ_PEn9t_8dExMbIHx5VTBqmO_jvSJD8j-Q6_Pvzbn/s1600/february.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="investing in cryptocurrency 2017" border="0" data-original-height="800" data-original-width="800" height="400" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjcCghRMFG0kr9_vPnWyEws4jQoo821FUYCk4-6RZxxvT7ueMBsRtfkOXIxiDBxkrPvJddI9Q4YZYTegzgd_0dSb3m43dTN8BuFZFiQ_PEn9t_8dExMbIHx5VTBqmO_jvSJD8j-Q6_Pvzbn/s400/february.png" title="investing in cryptocurrency 2017" width="400" /></a></div>
<br /></div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0tag:blogger.com,1999:blog-5323817782024736351.post-54737062557504144542017-06-08T17:39:00.000+05:302017-06-08T22:39:10.275+05:30Pricing a CryptoCurrency<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="MsoNormal" style="text-align: left;">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEix4qz4WEPMXpWgHux1S50ft-JLGcPt6JUpwFHnT81rXe3QOcYUIpLFiwWHXDt9_6wy_8jQ1eCY6ZhJwrmI6cWnxBcdyTwZtbj_R_rUk3ogmv_oi4rcVXP5K6f35y06_YZyMW6HuNQnaMIB/s1600/1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="pricing a cryptocurrency" border="0" data-original-height="154" data-original-width="328" height="187" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEix4qz4WEPMXpWgHux1S50ft-JLGcPt6JUpwFHnT81rXe3QOcYUIpLFiwWHXDt9_6wy_8jQ1eCY6ZhJwrmI6cWnxBcdyTwZtbj_R_rUk3ogmv_oi4rcVXP5K6f35y06_YZyMW6HuNQnaMIB/s400/1.jpg" title="pricing a cryptocurrency" width="400" /></a></div>
<br />
<span style="font-family: inherit;">Cryptocurrencies have been getting a lot of attention lately. With
<a href="https://www.cryptocompare.com/coins/#/btc">increasing capitalizations</a> of the major currencies in circulation now (like
<a href="https://en.wikipedia.org/wiki/Bitcoin">Bitcoin</a>, <a href="https://www.ethereum.org/ether">Ether</a>, <a href="https://litecoin.org/">Litecoin</a> etc.), investors are increasingly looking at making
these currencies a part of their portfolios. Since retail investors can also
invest in these currencies without restriction, understanding how these
currencies are valued becomes crucial.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">The value/price of a currency is based on the demand for the
currency, the supply of the currency and risks associated with the currency.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: left;">
<br /></div>
<div class="MsoNormal" style="text-align: left;">
<b><span style="font-family: inherit;">Demand of the
Currency<o:p></o:p></span></b></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">A cryptocurrency is generally a token which is issued around an
operation which happens in the background. The demand for the currency is essentially
the value which can be generated through the operation backing it up.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">To arrive at this value, we need to start by identifying the major
use cases of the currency. The next step is to quantify these use cases with
regards to the value for customers they can potentially generate. Taking an
example of the Bitcoin, one major use case was that Bitcoins can be used to
transfer money abroad at a significantly lower cost and time. To calculate the
value of this use case, we can estimate the total amount of money which gets
transferred internationally around the world. We can then add a haircut on it
to take into account that some countries do not allow Bitcoins and also that
only some customers might migrate to this solution. This final value will constitute
the demand for the Bitcoin for this use case.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">Values for all major uses cases of a currency are calculated and
added to arrive at a final value of demand for the currency. A small premium
might be given to a generic coin like the Bitcoin which may have a large number
of other not-as-big use cases.<o:p></o:p></span><br />
<span style="font-family: inherit;"><br /></span>
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGK_swezQs8IB_T1axWSQWeeKZJBPEO-1ryldSXJs3L7KiDokvXY0R_0E5w1PLZeJicf_tdHD64wtVR7j4oYRfvrQWMo9Imso5hFNQIKfDSpJp48t1hn8Q_kd6SSp7To08Bg_YN-odKJCA/s1600/A+cryptocurrency+is+as+valuable+as+the+utility+of+the+operation+behind+it%2521.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="pricing bitcoin" border="0" data-original-height="800" data-original-width="800" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhGK_swezQs8IB_T1axWSQWeeKZJBPEO-1ryldSXJs3L7KiDokvXY0R_0E5w1PLZeJicf_tdHD64wtVR7j4oYRfvrQWMo9Imso5hFNQIKfDSpJp48t1hn8Q_kd6SSp7To08Bg_YN-odKJCA/s320/A+cryptocurrency+is+as+valuable+as+the+utility+of+the+operation+behind+it%2521.png" title="pricing bitcoin" width="320" /></a></div>
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<br /></div>
<div class="MsoNormal" style="text-align: left;">
<b><span style="font-family: inherit;">Supply of the
Currency<o:p></o:p></span></b></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">Most cryptocurrencies tend to have a limit on their lifetime supply.
For example, the Bitcoin has a limited supply quantity of 21 million coins.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: left;">
<br /></div>
<div class="MsoNormal" style="text-align: left;">
<b><span style="font-family: inherit;">The Risk Factor<o:p></o:p></span></b></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">Now that we have calculated the present demand and potential supply
of the currency, we need to assess the risks in the future. Some major risks
may include the following:<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><i><br /></i></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><i>Regulatory Risk<b>: </b></i>Currencies like the Bitcoin which target
a big and systemically important use case like international money transfers
have significant regulatory risk attached to them. Different countries will
have different regulations to deal with such coins. These regulations will
determine how much of the potential value of the currency can be realized.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><i><br /></i></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><i>Utility Risk</i>: A cryptocurrency
is as valuable as the utility of the operation behind it. Use cases which are
not sustainable and have a high risk of substitution add utility risk to the
cryptocurrency’s value.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><i><br /></i></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><i>Platform Risk</i>: The Blockchain is
an evolving technology. Different Blockchains face different challenges and
these might affect a currency built on it to achieve its potential value. For
example, the Bitcoin Blockchain is facing problems of scalability and security.
<a href="http://uk.businessinsider.com/bitcoins-hard-fork-bitcoin-unlimited-segregated-witness-explained-2017-3?international=true&r=UK&IR=T">Hard forks</a> (major changes) are being suggested to counter these problems. This
has caused the Bitcoin community to divide and is causing problems in the
Blockchain.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><i><br /></i></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><i>Security Risk</i>: Blockchains face
security risks both from outside and the inside. Hackers & interested
parties may try to attack and alter the working of the Blockchain. Also within
a Blockchain, some stakeholders like miners might try to collude and gain control
of the Blockchain for their own benefit. The Bitcoin Blockchain has been facing
a security issues. <a href="https://www.wired.com/2014/03/bitcoin-exchange/">Some Bitcoin exchanges got hacked</a>. Also there is a risk of
miners colluding as a majority of miners are centralized in China.<o:p></o:p></span><br />
<span style="font-family: inherit;"><br /></span>
<span style="font-family: inherit;"><i>Execution Risk</i>: A coin may have a good plan backing it. But can the plan be executed? This is particularly important in the case of <a href="http://fortune.com/2017/05/05/ico-initial-coin-offering/">Initial Coin Offerings</a>, when most coins raise funding with a prototype or just a whitepaper about them. The team behind the coin issue plays a big role in the assessment of execution risks.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">These risks need to be included in the price of a cryptocurrency.
A discount factor can be applied to the fundamental value of the currency to
account for these risks.<o:p></o:p></span></div>
<div class="MsoNormal" style="text-align: left;">
<br /></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">To summarise, the price of a cryptocurrency is the following:<o:p></o:p></span></div>
<div style="text-align: left;">
</div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><span style="background: silver;"><br /></span></b></span></div>
<div class="MsoNormal" style="text-align: center;">
<span style="font-family: inherit; font-size: large;"><b><span style="background: silver;">Price of Cryptocurrency = (Demand of Currency / Supply of
Currency)*Risk Factor</span></b><b><o:p></o:p></b></span></div>
<div style="height: 0px; text-align: center;">
<br /></div>
</div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com14tag:blogger.com,1999:blog-5323817782024736351.post-6078992685157169502017-05-09T18:28:00.000+05:302017-05-09T18:29:21.365+05:30Pick the Right Industry<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvpU3GruXWOOIY0Pqfpat8ew3OJ3Gg_sXzWRn8HHJ-r-L-gQFj8I-qpkKG0_ZFHFm1kO5LSmKdKHnIc5tG_30SoKnGku8PAGFQm59DbFpPWRUHY3YhZtVRjWGRTXU7vU-2WWXQhy1_BNZr/s1600/2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img border="0" height="205" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjvpU3GruXWOOIY0Pqfpat8ew3OJ3Gg_sXzWRn8HHJ-r-L-gQFj8I-qpkKG0_ZFHFm1kO5LSmKdKHnIc5tG_30SoKnGku8PAGFQm59DbFpPWRUHY3YhZtVRjWGRTXU7vU-2WWXQhy1_BNZr/s400/2.png" width="400" /></a></div>
<div class="separator" style="clear: both; text-align: center;">
<span style="background-color: white; color: #555555; font-family: "open sans" , "helvetica neue" , "helvetica" , "arial" , sans-serif; font-size: 11px;">source: <a href="http://www.statisticbrain.com/startup-failure-by-industry">statisticbrain</a></span></div>
</div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0tag:blogger.com,1999:blog-5323817782024736351.post-32155938367243331382017-04-14T19:14:00.001+05:302017-04-14T19:14:54.896+05:30THE CUSTOMER SEGMENT CANVAS<div dir="ltr" style="text-align: left;" trbidi="on">
To analyse any business, in addition to the <a href="http://etrlearning.blogspot.nl/2017/04/the-use-case-canvas.html">Use-Case Canvas</a>, it is important to analyse the various customer segments targeted by the business. To do so, we can use a 'Customer Segment Canvas' which helps in identifying the various customer segments targeted by the business with details about the segment itself and the main value drivers for the particular segment.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiohPC0KhbJz8MpG09j7xQSEZzFoFVQQm2iksE8Q_idH7j_Bhvc0cHOQPzb9SauuSbc1mAj26mlaNbHofIClSlQpN2GS2OVJ1EBj90H1kykxkZsQlQfifDhkeBbUAnKtwWAXr9-gSNcy_M2/s1600/1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="target market segmentation" border="0" height="203" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiohPC0KhbJz8MpG09j7xQSEZzFoFVQQm2iksE8Q_idH7j_Bhvc0cHOQPzb9SauuSbc1mAj26mlaNbHofIClSlQpN2GS2OVJ1EBj90H1kykxkZsQlQfifDhkeBbUAnKtwWAXr9-gSNcy_M2/s320/1.jpg" title="target market segmentation" width="320" /></a></div>
<br />
<i>Note: Every customer segment should be analysed using a separate canvas.</i></div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0tag:blogger.com,1999:blog-5323817782024736351.post-31605194197339226592017-04-13T19:36:00.000+05:302017-04-13T19:36:26.149+05:30The Use-Case Canvas for Bloomon<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhT4u26BUTqG6wvZFjqTFG4CM34HyXyraS5m1STe1O5xT4ZeSvv0cckykk0O80YCsshosxELHSmS9dRFpuPeZGJ1Syr-K_zVn_C1-P8SaTIB_XX3qg2r6_jv7yJhc8DvWdbI7yyyGWVwsGZ/s1600/2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="bloomon amsterdam" border="0" height="136" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhT4u26BUTqG6wvZFjqTFG4CM34HyXyraS5m1STe1O5xT4ZeSvv0cckykk0O80YCsshosxELHSmS9dRFpuPeZGJ1Syr-K_zVn_C1-P8SaTIB_XX3qg2r6_jv7yJhc8DvWdbI7yyyGWVwsGZ/s200/2.jpg" title="bloomon amsterdam" width="200" /></a></div>
<br />
<a href="https://www.bloomon.nl/">Bloomon</a> is an Amsterdam based flower delivery services startup. It sources flowers directly from the growers and offers subscription services to customers.<br />
<div>
<br /></div>
<div>
The <a href="http://etrlearning.blogspot.co.uk/2017/04/the-use-case-canvas.html">Use-Case Canvas</a> for 1 use-case of the company is shown below. The use-case in focus is where the company offers flower delivery services for occasions like birthdays, anniversaries etc.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQzzaYyhnljeE0086UwzYLmJ7pHL0UlH7j-PWHwGSQ93OcZOf-FNYXS405BHP_EiXuy-BgB0N5-5kXFCgaed2ABOUXxwEayReO5s1SJa2-h_MV7bSbpqXuQkX1pgULToZH2JkB79rlRKHe/s1600/1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="bloomon amsterdam" border="0" height="203" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiQzzaYyhnljeE0086UwzYLmJ7pHL0UlH7j-PWHwGSQ93OcZOf-FNYXS405BHP_EiXuy-BgB0N5-5kXFCgaed2ABOUXxwEayReO5s1SJa2-h_MV7bSbpqXuQkX1pgULToZH2JkB79rlRKHe/s320/1.jpg" title="Use Case Canvas for Bloomon" width="320" /></a></div>
<br /></div>
</div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0tag:blogger.com,1999:blog-5323817782024736351.post-44637046047268941532017-04-12T20:33:00.003+05:302017-04-12T20:35:09.846+05:30Infographic on Blockchain Applications<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEipUbRbMAxEIJB_ZLeknh6gYPaRlNZg4a3aa0_EsRl0ddeUZ8NRZqkwMGmtULG1JJNJd2rtQG9wLf2N3dlTeAW73cov4pTfmKSOi-7vrSLQbORJcD2bh1mftbOkydh4Gi04UUaaGSq3XafJ/s1600/1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="blockchain technology" border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEipUbRbMAxEIJB_ZLeknh6gYPaRlNZg4a3aa0_EsRl0ddeUZ8NRZqkwMGmtULG1JJNJd2rtQG9wLf2N3dlTeAW73cov4pTfmKSOi-7vrSLQbORJcD2bh1mftbOkydh4Gi04UUaaGSq3XafJ/s400/1.jpg" title="Blockchain Applications" width="400" /></a></div>
<br /></div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0tag:blogger.com,1999:blog-5323817782024736351.post-39477668133911851372017-04-12T15:07:00.000+05:302017-04-12T15:09:56.277+05:30The Use-Case Canvas for Bux<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWf8UbNN5AKCHVhA4Cn7C6rshj_Gj5MexF5cxhpnRNoJUE-qHT-hD4HbciqMDuEvyArkF6oUbQuaMvF-CBF3KXAcLVISWhZG_wx1U5wRhYwajb9g73PYTsWmyo36RecUCJnNZLXF4Pvn6x/s1600/2.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="bux amsterdam" border="0" height="200" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhWf8UbNN5AKCHVhA4Cn7C6rshj_Gj5MexF5cxhpnRNoJUE-qHT-hD4HbciqMDuEvyArkF6oUbQuaMvF-CBF3KXAcLVISWhZG_wx1U5wRhYwajb9g73PYTsWmyo36RecUCJnNZLXF4Pvn6x/s200/2.jpg" title="Bux" width="200" /></a></div>
<br />
<a href="http://getbux.nl/">Bux</a> is an Amsterdam based stock trading app. It offers quality content, a practice account for first timers and a platform with sophisticated tools for stock traders.<br />
<div>
<br /></div>
<div>
The <a href="http://etrlearning.blogspot.co.uk/2017/04/the-use-case-canvas.html">Use-Case Canvas</a> for 1 use-case of the company is shown below. The use-case in focus is where the company offers stock trading services to first timers.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7ia2u0l4I20Nz3x8vjYeVH-z3ss94PKNEaKhHxBuiL2RCPjUb3krGDmDdvIf2wrUkGSFUr-ioDwKoi2ZvoPEl7teoMFYrkr_jLK9iV1RECI436OuXXoFLPnrCK4AbzhEC3E2PxpFCngw7/s1600/1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="bux amsterdam" border="0" height="205" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEh7ia2u0l4I20Nz3x8vjYeVH-z3ss94PKNEaKhHxBuiL2RCPjUb3krGDmDdvIf2wrUkGSFUr-ioDwKoi2ZvoPEl7teoMFYrkr_jLK9iV1RECI436OuXXoFLPnrCK4AbzhEC3E2PxpFCngw7/s320/1.jpg" title="Use Case Canvas for Bux" width="320" /></a></div>
<br /></div>
</div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0tag:blogger.com,1999:blog-5323817782024736351.post-56027762102877947522017-04-11T17:35:00.000+05:302017-04-11T17:35:38.583+05:30The Use-Case Canvas for WhyDonate<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgn5WOk2vhcNPpsN9n8tFUuDGK4RH4F4TuNwa1eXvvETnPvFOHtfLUle9H2LNlUHidHMZtVx2fpboIpYn5-3qmQTXxk_zacbVAX1VqX52Czne7QWCr8TXdi6YrtfWptYjFNuxNytAlymOx4/s1600/2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="WhyDonate" border="0" height="107" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgn5WOk2vhcNPpsN9n8tFUuDGK4RH4F4TuNwa1eXvvETnPvFOHtfLUle9H2LNlUHidHMZtVx2fpboIpYn5-3qmQTXxk_zacbVAX1VqX52Czne7QWCr8TXdi6YrtfWptYjFNuxNytAlymOx4/s320/2.png" title="WhyDonate" width="320" /></a></div>
<a href="http://www.whydonate.nl/">WhyDonate</a> is an Amsterdam based crowdfunding platform for social projects. It caters to non-profit organizations, fundraisers and social projects.<br />
<div>
<br /></div>
<div>
The <a href="http://etrlearning.blogspot.co.uk/2017/04/the-use-case-canvas.html">Use-Case Canvas</a> for 1 use-case of the company is shown below. The use-case in focus is where the company offers crowdfunding services to social projects.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiSLVMImzoWEpORn_upCKIk3o_qxH91C5fSh5m6azhcqQKmK4_R3U_TnaBE9_0SRV_OpGFzMJct69rOhsERCl_Sfx7648pLrcyobN5Mn-obeLW1arlqPN8rowWvnESndve4pyzis_cmHUb4/s1600/1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="whydonate" border="0" height="205" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiSLVMImzoWEpORn_upCKIk3o_qxH91C5fSh5m6azhcqQKmK4_R3U_TnaBE9_0SRV_OpGFzMJct69rOhsERCl_Sfx7648pLrcyobN5Mn-obeLW1arlqPN8rowWvnESndve4pyzis_cmHUb4/s320/1.jpg" title="Use Case Canvas for WhyDonate" width="320" /></a></div>
<br /></div>
</div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0Amsterdam, Netherlands52.3702157 4.895167899999933152.2151142 4.5724443999999327 52.5253172 5.2178913999999335tag:blogger.com,1999:blog-5323817782024736351.post-59720364622401229312017-04-11T15:15:00.000+05:302017-04-11T17:35:53.425+05:30The Use-Case Canvas for Symbid<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKFiQ9USc1rr7O-6PFt-pwUeuFWWSgK67YxLbP_dmbUPHORsYfaVP_mtOXpiGNqoUrrVfYFB7yqXhGOdK7Nysbo922d4h-y7d5TBNtid5NCGkGp5v-LDn0ICNG-kKodSBNOnNii-6wf1LY/s1600/2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Symbid" border="0" height="79" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjKFiQ9USc1rr7O-6PFt-pwUeuFWWSgK67YxLbP_dmbUPHORsYfaVP_mtOXpiGNqoUrrVfYFB7yqXhGOdK7Nysbo922d4h-y7d5TBNtid5NCGkGp5v-LDn0ICNG-kKodSBNOnNii-6wf1LY/s200/2.png" title="Symbid" width="200" /></a></div>
<div>
<br /></div>
<div>
<a href="https://www.symbid.nl/">Symbid</a> is an Amsterdam based equity crowdfunding platform for companies.</div>
<div>
<br /></div>
<div>
The <a href="http://etrlearning.blogspot.co.uk/2017/04/the-use-case-canvas.html">Use-Case Canvas</a> for 1 use-case of the company is shown below. The use-case in focus is where the company offers equity crowdfunding services to startups.</div>
<div>
<br /></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFYqonSH93rWaB3gVKjTCJnjabLyVtwN5l2anOvgI_vIe2QVsXF-oi3K8Pxiij9ZnhVUR6v8aWRWYhB5zwKGgnhIioj5JEPgA9mQG04rKQyE6G99bY2RcX9eYolpX4__RimTwlaLUYuQt_/s1600/1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="symbid crowdfunding" border="0" height="204" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFYqonSH93rWaB3gVKjTCJnjabLyVtwN5l2anOvgI_vIe2QVsXF-oi3K8Pxiij9ZnhVUR6v8aWRWYhB5zwKGgnhIioj5JEPgA9mQG04rKQyE6G99bY2RcX9eYolpX4__RimTwlaLUYuQt_/s320/1.jpg" title="Use Case Canvas for Symbid" width="320" /></a></div>
<div>
<br /></div>
</div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0Amsterdam, Netherlands52.3702157 4.895167899999933152.2151142 4.5724443999999327 52.5253172 5.2178913999999335tag:blogger.com,1999:blog-5323817782024736351.post-77970332365733966112017-04-10T20:24:00.000+05:302017-04-11T17:36:08.282+05:30The Use-Case Canvas for AdviceRobo<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOU9G6chx3fgOiLvdrXFVmIacu8tdITE3zqMi-yYFAfq8hUnH4fUZt3PFTlSLl08Zynki_h2gMLiXlv3-XYB_a3Dp4N9N0aJSHdjGxa4LCx85qN12CB6Ga0L8Tb94FwHy0ySTT1dEOolzG/s1600/1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="AdviceRobo" border="0" height="103" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhOU9G6chx3fgOiLvdrXFVmIacu8tdITE3zqMi-yYFAfq8hUnH4fUZt3PFTlSLl08Zynki_h2gMLiXlv3-XYB_a3Dp4N9N0aJSHdjGxa4LCx85qN12CB6Ga0L8Tb94FwHy0ySTT1dEOolzG/s200/1.jpg" title="AdviceRobo" width="200" /></a></div>
<div style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: inherit;"><a href="http://advicerobo.com/">AdviceRobo</a> is an Amsterdam based alternate credit scoring company offering credit scoring & lending portfolio risk management services for Banks & FIs. Credit scores are generated through identity check and psychometric tests.</span></div>
<div style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: inherit;"><span style="background-color: white;">The </span><a href="http://etrlearning.blogspot.nl/2017/04/the-use-case-canvas.html" style="background-color: white; text-decoration-line: none;">Use-Case Canvas</a><span style="background-color: white;"> for 1 use-case of the company is shown below. The use-case in focus is where the company offers credit scoring services for thin files to Banks & FIs.</span></span></div>
<div style="text-align: left;">
<span style="font-family: inherit;"><span style="background-color: white;"><br /></span></span></div>
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjt00Pl__vTCf9vyY6E08KqHyvIDK_60cSX4u4ddDTce_7wZosss2mQd_fYkRGzLH_4a56XeN8jW-Q5gdjcfUOr9sNwP90WKucVV4Xmr8gqMB4h6DfS-ilnXQvFQ0tN3aWITb7yfj6hAXNE/s1600/1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="advicerobo" border="0" height="203" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjt00Pl__vTCf9vyY6E08KqHyvIDK_60cSX4u4ddDTce_7wZosss2mQd_fYkRGzLH_4a56XeN8jW-Q5gdjcfUOr9sNwP90WKucVV4Xmr8gqMB4h6DfS-ilnXQvFQ0tN3aWITb7yfj6hAXNE/s320/1.jpg" title="Use Case Canvas for AdviceRobo" width="320" /></a></div>
<div style="text-align: left;">
<span style="font-family: inherit;"><span style="background-color: white;"><br /></span></span></div>
</div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0Amsterdam, Netherlands52.3702157 4.895167899999933152.2151142 4.5724443999999327 52.5253172 5.2178913999999335tag:blogger.com,1999:blog-5323817782024736351.post-32276817685168757112017-04-10T17:36:00.001+05:302017-04-11T17:36:21.834+05:30The Use-Case Canvas for PaymentGenes<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9N9W4WEjA6R0KrsUfBA9YM1YoMGj8-T-oSiae79Z-Sa4Tx9Ayg5X5jRfZZSAzHpg7zn5v3mnkfbJQO3_9-gqzWWlUktZvRpna50NAMFQWPTtKpcR8dmMMx1c9xonk0jlbcC485KrNkhFY/s1600/2.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="https://paymentgenes.com" border="0" height="114" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEj9N9W4WEjA6R0KrsUfBA9YM1YoMGj8-T-oSiae79Z-Sa4Tx9Ayg5X5jRfZZSAzHpg7zn5v3mnkfbJQO3_9-gqzWWlUktZvRpna50NAMFQWPTtKpcR8dmMMx1c9xonk0jlbcC485KrNkhFY/s200/2.png" title="https://paymentgenes.com" width="200" /></a></div>
<a href="https://paymentgenes.com/">PaymentGenes</a> is a Amsterdam based company offering consulting and recruitment services to Payment & Fintech companies.<br />
<br />
The <a href="http://etrlearning.blogspot.nl/2017/04/the-use-case-canvas.html">Use-Case Canvas</a> for 1 use-case of the company is shown below. The use-case in focus is where the company offers consulting services to payment startups.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhaWpTScVXF_RsK07_tJAfsQV35NsrgGMtGKmxUeszFPD4EpXyLpteHMyu6yKe62bPzk6NVDAblxK6BRLAkUImZ4w_0lKLeajR3swdrkGHDardxEoDVUlOHnhebkDslGRomfouRJHE5MA6S/s1600/1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="paymentgenes" border="0" height="203" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhaWpTScVXF_RsK07_tJAfsQV35NsrgGMtGKmxUeszFPD4EpXyLpteHMyu6yKe62bPzk6NVDAblxK6BRLAkUImZ4w_0lKLeajR3swdrkGHDardxEoDVUlOHnhebkDslGRomfouRJHE5MA6S/s320/1.jpg" title="Use Case Canvas for Payment Genes" width="320" /></a></div>
<br /></div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0Amsterdam, Netherlands52.3702157 4.895167899999933152.2151142 4.5724443999999327 52.5253172 5.2178913999999335tag:blogger.com,1999:blog-5323817782024736351.post-90839326953283880102017-04-09T19:40:00.000+05:302017-04-09T19:40:08.355+05:30The 2 Types of Business Ideas<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg25yAn-YlpSejNfve1S038iu9wAfDNvLOkrwBNDeL2ze-QinrH3xoq4kHesbKLbdHjzyeLXc19etX1CpaLq9uSWqMo9hhg36bTGPN6YjmbESC2xI9k0wnu0L_DcU0C82VTyQEpd7WCpW0z/s1600/1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="business ideas" border="0" height="320" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg25yAn-YlpSejNfve1S038iu9wAfDNvLOkrwBNDeL2ze-QinrH3xoq4kHesbKLbdHjzyeLXc19etX1CpaLq9uSWqMo9hhg36bTGPN6YjmbESC2xI9k0wnu0L_DcU0C82VTyQEpd7WCpW0z/s320/1.jpg" title="business ideas" width="320" /></a></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">From the customer’s perspective, broadly all business ideas
can be divided into 2 categories – the “Help Me” ideas and the “Show Me” ideas.
</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><span style="font-size: large;">Help Me Ideas</span></b>: These are business ideas which aim to solve a
current pain-point of the customer. The customer is feeling a pain and the idea’s
goal is to solve the same. For example, <a href="https://www.tripadvisor.com/">TripAdvisor</a> was a business idea which
aimed to solve the customer pain of not having enough and trusted information
to make decisions about travel.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><span style="font-size: large;">Show Me Ideas</span></b>: These ideas, on the other hand, have a goal
to enlighten customers about how things can also be done. The customer may be
reasonably happy with the solution which is already available in the market.
The Show Me Idea will show the customer a better way to do the same thing. For
example, <a href="https://www.uber.com/">Uber</a> would be a classical example which was able to provide a better
customer experience using technology.</span></div>
<div style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div style="text-align: left;">
<span style="font-family: inherit;">Having said the above, all ideas of a particular
category also have certain elements of the other category. A Help Me Idea will
also partly play the role of a Show Me Idea and vice versa.</span></div>
</div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0tag:blogger.com,1999:blog-5323817782024736351.post-46985197113332160502017-04-09T15:39:00.000+05:302017-04-10T17:38:12.468+05:30THE USE-CASE CANVAS<div dir="ltr" style="text-align: left;" trbidi="on">
Building a product which customers may want is the key to good business idea. Hence working out <a href="http://etrlearning.blogspot.nl/2016/02/use-cases-of-your-product.html">Use Cases</a> for your product is very essential. Once, you figure out the Use-Cases, analyzing them is also a must.<br />
<br />
The <b><span style="font-size: large;">Use-Case Canvas</span></b> enables you to do that. It clearly defines the use-case, the market targeted, all external stakeholders and all other details which can help assess whether the use-case is strategically valuable and sustainable.<br />
<br />
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivBsoLRSUENB8R4nlcgkoHoqT59bZsggwDX5crMJ-MlEbHiefpCHWF6u-WhZLthXWYt96p1QMv7zDlhy3inYNsPnADbsppsI5d8Nmut9pY0g-Wstr16oOF34vaxNXIiZ5WIn7klhPWQwCN/s1600/use+case+canvas.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="Use Case Canvas" border="0" height="253" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEivBsoLRSUENB8R4nlcgkoHoqT59bZsggwDX5crMJ-MlEbHiefpCHWF6u-WhZLthXWYt96p1QMv7zDlhy3inYNsPnADbsppsI5d8Nmut9pY0g-Wstr16oOF34vaxNXIiZ5WIn7klhPWQwCN/s400/use+case+canvas.jpg" title="Use Case Canvas" width="400" /></a></div>
<br />
<i>Note: The Canvas should be used for 1 use-case. Multiple use-cases should be analysed with multiple canvases.</i></div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com1tag:blogger.com,1999:blog-5323817782024736351.post-29731270042146532472017-03-21T01:23:00.000+05:302017-03-21T01:23:24.412+05:30Are You Guilty of Self-Validation?<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwMI_N6c8dL0f2CSGVpoLWU1My5I7UFZZQP1KHHU6qwA8bj7-w71boJ7jFa1o0wYnDw_umUaS0tftFmW-GGnW6uhMsavlNJw0qpT1KN2SqVrZYXphPcyyDsvwJL8a8QLSLnpKvRbK17sQ8/s1600/1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="startup idea validation" border="0" height="142" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiwMI_N6c8dL0f2CSGVpoLWU1My5I7UFZZQP1KHHU6qwA8bj7-w71boJ7jFa1o0wYnDw_umUaS0tftFmW-GGnW6uhMsavlNJw0qpT1KN2SqVrZYXphPcyyDsvwJL8a8QLSLnpKvRbK17sQ8/s400/1.jpg" title="startup idea validation" width="400" /></a></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">This is a big bias entrepreneurs tend to have when starting
up. I have been very guilty of this.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">How do you know your business idea is good? Do you feel it
or do your potential customers say that? A lot of the times we feel that there ‘should’
be a need which our product/service caters to. This should can be quite risky.
Before proceeding with the idea, a proper validation is a must.
Self-validation, i.e. validating the idea yourself, is a trap entrepreneurs
often tend to fall into. </span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;">A proper and adequate validation involves doing the
following:</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><br /></b></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><span style="font-size: large;">Assessing whether a
need exists</span></b>: Some good ideas to do this are</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit; text-indent: -0.25in;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit; text-indent: -0.25in;">- Talk to/survey potential customers</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit; text-indent: -0.25in;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit; text-indent: -0.25in;">-</span><span style="font-family: inherit; text-indent: -0.25in;"> Identify whether customers are interested in
your product by analysing their current behavior</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit; text-indent: -0.25in;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit; text-indent: -0.25in;">- Create a MVP and test out your hypothesis</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit; text-indent: -0.25in;"><br /></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit; text-indent: -0.25in;">- Conduct a comprehensive research (including
primary and secondary research)</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><br /></b></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><span style="font-size: large;">Is the market big
enough</span></b>: Try to estimate the potential market size the idea is catering to.</span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><br /></b></span></div>
<div class="MsoNormal" style="text-align: left;">
<span style="font-family: inherit;"><b><span style="font-size: large;">Will the customers be
willing to pay for your product/service</span></b>: Analyse whether your business idea
has advantages and customer would be willing to pay for it.</span></div>
<div style="text-align: left;">
<span style="line-height: 115%;"><span style="font-family: inherit;"><br /></span></span></div>
<div style="text-align: left;">
<span style="line-height: 115%;"><span style="font-family: inherit;">This
is very crucial as following up on an idea which has not been adequately and
appropriately validated can result in waste of time, energy and resources.</span></span></div>
</div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0tag:blogger.com,1999:blog-5323817782024736351.post-9151554485263624972017-03-19T18:04:00.001+05:302017-03-19T18:04:50.710+05:30Top Reasons Why Startups Fail<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7iZ1Y8_1AxEL3sthCeCJIkwt26EUW776OkIhy3Sh-HUcEDoRY3TWNMBAwcW7n4V09s_7BrBgpT3lMr-1QZLvRZD1j65gNpm5UnY3x-0YgLyVZbcwi_ipQ4ZCQX7SG2UQ0C7dWkVL0nIWm/s1600/1.png" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="startup failure reasons" border="0" height="155" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg7iZ1Y8_1AxEL3sthCeCJIkwt26EUW776OkIhy3Sh-HUcEDoRY3TWNMBAwcW7n4V09s_7BrBgpT3lMr-1QZLvRZD1j65gNpm5UnY3x-0YgLyVZbcwi_ipQ4ZCQX7SG2UQ0C7dWkVL0nIWm/s320/1.png" title="startup failure reasons" width="320" /></a></div>
<div class="MsoNormal">
Startup Failure is considered a taboo in many parts of the world. However, it is a phenomenon which is highly prevalent and cannot be avoided. Nearly 90% of startups fail within the first 3 years of operations. Top 20 reasons why start-ups fail include the following:</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#1 – Building a solution looking for a problem, i.e., not
targeting a “market need”</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#2 – Ran out of cash</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#3 – Not the right team</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#4 – Get out-competed</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#5 – Pricing/Cost Issues</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#6 – A “User Un-Friendly” Product</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#7 – I got this product. Now I just need a business
model.
</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#8 – Poor Marketing</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#9 – Being inflexible and not actively seeking or using
customer feedback</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#10 – Release product at the wrong time</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#11 – Lose Focus</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#12 – Disharmony with Investors/Co-founders</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#13 – Pivot Gone Bad</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#14 – Lack Passion and Domain Expertise</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#15 – Location, Location, Location</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#16 – No Financing or Interested Investors</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#17 – Legal Challenges</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#18 – Do not use your connections or network
</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#19 – Burn Out</div>
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
#20 – Failure to pivot when necessary</div>
<br />
<div class="MsoNormal">
<br /></div>
<div class="MsoNormal">
Source: <a href="https://www.cbinsights.com/">CB Insights</a> via <a href="https://seraf-investor.com/compass/article/top-20-angel-gotchas-why-startups-fail">Seraf Investor</a></div>
</div>
manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0tag:blogger.com,1999:blog-5323817782024736351.post-1115313700887835992017-03-18T15:17:00.000+05:302017-03-18T15:17:16.114+05:30The Power of the “Crowd”<div dir="ltr" style="text-align: left;" trbidi="on">
<div class="separator" style="clear: both; text-align: center;">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrzttQySDZC96gOkkxLbjEMmGCvXfrbc7z_8L8PK838UNY-UzUVFKaAZHpeOLjiAzGDXocLwKMwv53Tyd7XhbVJYQZI8s0_-Bg4jdjpatP8RdSriK6Lb49Hg7RvMsmlHgCa1YAWo1mp-4V/s1600/1.jpg" imageanchor="1" style="margin-left: 1em; margin-right: 1em;"><img alt="power of crowds" border="0" height="289" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgrzttQySDZC96gOkkxLbjEMmGCvXfrbc7z_8L8PK838UNY-UzUVFKaAZHpeOLjiAzGDXocLwKMwv53Tyd7XhbVJYQZI8s0_-Bg4jdjpatP8RdSriK6Lb49Hg7RvMsmlHgCa1YAWo1mp-4V/s320/1.jpg" title="power of crowds" width="320" /></a></div>
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<span style="font-family: inherit;">We live in a world where customer is the king and her
preferences are changing ever so quickly. For an entrepreneur, it becomes very
difficult to understand customer preferences and requirements and to find a
good product-market fit in the process. Hence in this world we are living in,
tapping into the “Crowd” makes complete sense.</span></div>
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<span style="font-family: inherit;">The “Crowd” refers to a mass of people who may be connected
or not connected to you. <a href="file:///C:/Users/Manish/Desktop/Backup/Desktop/crowdholding.com">Crowdholding</a> is a
platform which tries to connect entrepreneurs with the “Crowd” so that they can
derive the host of benefits the latter has to offer.</span></div>
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<span style="font-family: inherit;">The benefits of the “Crowd” are listed below.</span></div>
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<span style="font-family: inherit;"><b>Diverse Opinions</b>
– The “Crowd” is a heterogeneous lot of people coming from different
backgrounds and demographics. They all come together as they have 1 common
interest – engaging with entrepreneurs around their business ideas. This
ensures that suggestions and opinions received by entrepreneurs on the platform
are diverse and focus on different areas of the business.</span></div>
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<span style="font-family: inherit;"><b>Unbiased Feedback</b>
– Since the entrepreneur has no previous attachment with the people engaging
with his/her business idea, the feedback received can be safely assumed as
unbiased. </span></div>
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<span style="font-family: inherit;"><b>Implied Agreement</b>
– Any opinions which are reiterated time and again can serve as implied
agreements by the “Crowd”. Since these implied agreements are opinions of a
number of people, the entrepreneur can use the same in further design and
development of the product.</span></div>
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<span style="font-family: inherit;"><b>Statistically
Significant</b> – Even statistically, data collected from a bigger sample of
people has more significance when compared with data collected from fewer
persons. This data collected can be analysed by clubbing into categories and
trends can be identified which again can be used in product development.</span></div>
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<span style="font-family: inherit;"><b>Cheaper</b> – Finally
Crowdsourcing feedback and ideas consumes lesser time and lower cost when
compared with other means to do so.</span></div>
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<span style="font-family: inherit;">So if you are a budding entrepreneur and have a business
idea, put it on <a href="file:///C:/Users/Manish/Desktop/Backup/Desktop/crowdholding.com">Crowdholding</a> and let the <i>Power of the Crowd </i>assist you in
realizing your dream.</span></div>
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manishhadahttp://www.blogger.com/profile/03415002590450742182noreply@blogger.com0