Sitash & Manik graduated their college management school together where the idea of Jade Magnet was born Jade Magnet helps businesses getcreative marketing and design solutions workfrom a network of over 7,000 designers using crowdsourcing. Jade Magnet has been chosen by TiEas one of the top 4 companies in India in the TiE ecosystem. college It was selected by Business Today as one of India’s Hottest Startups. It won the Most Innovative technology work startup award at Global Technology Summit, Palo Alto, California Jade Magnet was chosen as a NASSCOM EMERGE company in 2011 startup
@ Jade Magnet a new creative paradigm crowd imagination crowd flexibility on-demand increase/decrease of team size add skill-sets on-demand crowd expertise
numbers 1,000 customers 2,000+ projects 28% repeat business 30% project profitability Tracking $500,000 revenue for 2012-13
Most successful startups begin in wilderness You can never be sure how you will navigate the jungle … there are customers who don’t know50,000 fewer startups began their journey in the UK in 2008 compared you and predatory competitors who do.to the previous year Image credits: http://brajeshwar.com/2008/open-source-startups/ Image credits: http://brajeshwar.com/2008/open-source-startups/
Only 9% of businesses started in Who’s driving!?1992 are still running Have you prepared yourself enough to unlearn whatever your cushy, high-paying corporate job taught you? Startups ain’t for sleepy chickens!
Simple Rule It’s all about footwork CCA < CLV When you do cool things, people talk about CCA = Cost of Customer Acquisition CLV = Customer Lifetime Value you. You get more press, more blog posts, more stuff on Twitter. That leads to more business. – Brain Kaiser
Less than 5% entrepreneurs are able to manage with 6 hours ofTaste freedom ? daily sleep.Oh yeah … you can sleep all you want sinceyou are not in a “job” anymore ... that is, ifyou can sleep at all !!
look for megatrends Petrol Cost of Human prices Technology nature
u like problems?What??!!Incomplete work!? Too many decisions! Expensive solutions Unorganized sector
which problems can u solve Can u make Which problems are you money? passionate about! Begin small
find global examples Allstate Insurance Kickstarter has helped in the US, is using creatives raise more than crowdsourcing for $130 million in about 3 “big-data-analysis” to years by crowdfunding study insurance risks about 17,000 projectsRangDe.org Shekhar Kapurhas raised more is launching “Qyuki”than $1.5 mn for for crowdsourcing ofover 12,000 entertainmentborrowers in India content
taking the leap Lifestyle adjustments Bank balance Family situation Backup plans
Connect with Jade Magnetcontact@jademagnet.com facebook.com/jademagnet @jademagnet firstname.lastname@example.org email@example.com Global A NASSCOM Innovator A TiE-EAP EMERGE of 2011 @ Company company for GTS, 2012 Silicon Valley www.jademagnet.com