Category: Trends & challenges

Is Boom for Start-Ups over in Ireland?

Trends & challenges

by Piush Vaish

Technology industry employs over 105,000 people in various companies. It is responsible for 40 % of national total exports of Ireland. All of the top global technological companies have a significant Irish presence and home-grown sector employs over 30,000 people with total sales of over €2 billion per annum (ireland, 2015c).

Furthermore, Budget 2016 has a strong emphasis on indigenous sector with incentives on innovation and announcement of knowledge development box (KDB) (O’Connor, 2015). While presenting the budget, Minister of Finance, acknowledged that Ireland has an open economy and various international concerns regarding the global economic outlook. This blog intends to consider for the justification of various funding investments made by founders, family, friends, business angels, Banks, Enterprise Ireland, and Venture Capital. Is the funding rationalized in tech start-ups? It ascertains if the money is about to head for the doors. Keep reading

Is Gig Economy, Open Source, Open Innovation the future for successful Startup?

Trends & challenges

by Piush Vaish

Three things required to create a successful startup are as following:

  • Good People
  • Product/service consumer actually want
  • Spend as little as possible

One way all these three things are done in Startups is equity/stock option. It is a cost-effective way to reward and encourage key staff. In this model the person who has the idea can find co-founders or hire staff by offering stock options or equity to help him bring his idea to reality by getting tasks done that he is unable to do.  The benefits include monetary incentive to staff, who receives stock at a great discount. Keep reading

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