This is a guest blog post by Hira Saeed, Community Leader, Startup Weekend Karachi who writes about startups, AI, Chatbots and Big data.
So, you’ve got this brilliant idea that will solve all the world’s problems. Great. The catch is that no idea comes without costs. The most popular way of funding startups is fundraisers and crowdsourcing. Platforms like Angellist, Fundable, Gust and Startups.co. are geared towards connecting investors and startup founders to raise capital for their startup idea. Yet, fundraisers and crowdsourcing leave you at the mercy of others to raise capital to put your ideas into action. What if I tell you that there are other ways to obtain money to kick-start your idea, especially if the amount that you are seeking is not that high? The answer is simple: small business loans and personal loans.
Small Business loans
Small business Administration loans or SBA loans offer loans to small businesses at a low-interest rate – ideal for funding a startup. These loans are Governmental and can be applied to through many associations like Fundera. Fundera allows small business owners to apply for a loan from all of the industry’s top lenders—and compare rates for them to find the right deal. SBA loans offer very low down payments compared to other loans, the longest payment terms and reasonable interest rates. Loan amounts of between $5000 to $5 million can be taken out over a loan term period of 5 to 25 years. SBA loan interest rates start at 6.5% and you can get the loan in as little as 3 weeks. Sounds good, right?
How does it work?
SBA loans are funded by the Small Business Administration or SBA. The SBA is a federal agency dedicated to helping entrepreneurs to improve their small business, take advantage of contract opportunities, and to get better access to small business loans. You can get an SBA loan from any bank that participates in SBA funding. The SBA uses federal money to guarantee a percentage of those loans to the banks, so the banks have more incentive to lend money to small businesses. It means less risk for the lenders, so the banks are more lenient with their strict credit criteria. Talk about a win-win situation.
Apart from needing a good credit score – you are working with a bank after all – applying for an SBA loan can take some time. The bank will want to see your credit and financial statements and may sometimes want you to use collateral to secure the loan. The process can take anything from three weeks to months. You will need to fill out an extensive documentation for your loan application. This may include financial statements, information on your collateral, a description of your business and a statement of how you will use the loan money. The banks will look for entrepreneurs with good credit, a solid business plan and a demonstrated ability to repay the loan.
Get a personal loan
If you think that jumping through the hoops of getting funding via a business loan will not result in approval, you might want to look into a personal loan as funding for your start-up, if the amount that you need is not too large. You can take out a personal loan for as little as $250-$5,000. You can apply for a personal loan at many banks and financial credit institutions. One example is Creditloan, an institution that provides easy-to-use tools to help you compare your personal loan interest rates and estimates your monthly payments as defined by the Federal Truth In Lending Act.
How does it work?
Personal loans can be used for anything that you like; you do not have to submit a business plan or a description of your business to get funding for your startup. The lender, usually a bank, will set a fixed interest rate and a fixed period of down payment. Once the money is approved, it will be paid directly into your bank account. You can use the money to start your business, as long as you pay the monthly instalment. Different credit providers have different criteria according to which they evaluate potential borrowers. Some institutions are willing to overlook credit records, so if you don’t have a good credit record yet, it is a good idea to find out to what extent your credit score will impact on the decision.
What is the catch?
There is no catch, really. You can use the money for anything that you like – including funding for your startup company. Most banks worldwide offer personal loans. It’s worth investigating what different credit companies in your area offer in terms of personal loans.
While crowdsourcing and fundraisers are still popular ways to collect funding for your startup, you never know how much funds you will be able to generate through these sources. Taking out a small business or personal loan from a reputable financial services provider, you know exactly what you will get and how much interest you will have to pay. If you are looking at borrowing a small amount of money, a personal loan or an SBA loan may be the way to go if you want security in funding the capital for your startup.
This is a guest blog post by Hira Saeed, Community Leader, Startup Weekend Karachi who writes about AI startups, Chatbots and Big data.
The digital boom is everywhere. People who used to sleep with paperbacks in their hands are now keeping Kindle on their side tables. After bringing music, reading and writing to the palm of your hands, the digital world is now rapidly reinventing the comic industry. According to the American Association of Publishers, the industry generated $28 billion in revenue in 2015. While the latest Pew Institute studies show that 28% of Americans now consume published material through electronic formats, there is a prevailing lack of original comics created for the mobile medium.
Among many startups that are disrupting this interesting niche, there is one that stands out as the “Netflix of graphic novels”…an app named Stela. Stela is topping the charts as a one-of-its-kind app that has a curated library of original visual content created by award-winning artists and storytellers, including graphic novels, comics, illustrated novels and other rich visual media. I got a chance to interview its CEO, Jason Juan to discuss the state and future of the digital medium.
Hira: What exactly is the Stela app? And most importantly what’s the mystery behind the name “Stela”?
Jason: Stela is a reading app with original titles covering tons of amazing stories, comics, and illustrated books. For the first time in history, all the content on Stela is originally designed specifically for mobile phones. Fresh new content can be accessed monthly with our affordable subscription model.
Hira: What inspired you to make this idea a reality? How do you consider yourselves the “Netflix” of mobile comics?
Jason: Netflix is the subscription model we really like and it allows readers to read whatever they want, whenever they want. We believe this is what the majority of the audience in the US would like to have. Eventually, Stela will NOT be just limited to comics. We consider Stela the future bookstore or library for the mobile industry. Graphic novels and comics is the first step on that journey.
Hira: Are you a comic reader or maker? How did it start?
Jason: We are all comic readers and makers. We discovered that the mobile space lacks real reading content that moves people. Most content is news or content that is in a poor format which is impossible to read on a mobile device. Stela wants to solve that by providing a truly premium reading experience with rich visuals and deep stories that draw readers in and lets them escape.
Hira: Are you planning to have a web portal or will this be a mobile app forever?
Jason: The web portal has recently been launched, and you can read some free chapters now at https://www.stela.com/read. The full experience is still mobile app only. We will release a subscription for the web portal soon for the people who would like to read all the content directly on browsers.
Hira: What genre of comics are you featuring the most and how are you planning to take submissions?
Jason: It is not so much about the genres, but more about the premium quality that I believe is the most important for the readers and Stela. We feature top quality content and we do take submissions from talented storytellers.
Hira: How are you managing the comic library? Is it free for all, freemium or premium?
Jason: We measure how readers react to the titles and chapters. Based on our algorithm we sort our page and content for the readers. We are also constantly growing the content weekly. Because of the high originality of the stories, our model is premium with a few chapters free to try.
Hira: Where do you see Stela in the next 5 years? What is the vision behind the app?
Jason: We would like Stela to be the place for all the premium comics, top quality illustrated books and most mobile-friendly books where every single title is 100% designed for a mobile device.
The vision is the revolution for true digital books. Each book needs to be designed to every single pixels, not just a text file, or rich text file, such as ebooks.
Hira: What stage is your app is currently at?
Jason: There are still many features we are currently building for the app. We also want to have more more premium contents, and we constantly raising the quality bar. We will also expand into various types of books such as food, drink, literature, art, and design.
Hira: I don’t see any competitor for Stela out there. Are there any? Enlighten me.
Jason: Amazon Kindle. 🙂
Our ten-year goal is to beat Kindle. In the end, each book requires a designer to design, not just a simple ebook. Stela designs every single book where readers can truly enjoy the content and not worry about font setting or background color or an uncomfortable flow.
Hira: Who are you targeting as an audience? Male, female or both? What’s in it for girls especially as they aren’t into comics as much.
Jason: Anyone on earth who wants to read a premium quality story with rich visual graphics is our target audience. Recently we tested ad campaigns reaching out to female readers. The surprising result was that acquisition costs for new subscribers dropped drastically as female-targeted ads saw consistently high returns. Now our subscriber base is over 45% female and growing, subverting the traditional belief that girls don’t read comics.
The problem isn’t who, it’s what. Unlike traditional publishers and distributors, Stela isn’t limited to your typical comic content and genre, meaning we can provide readers with a wider range of material to suite different tastes, interests, and lifestyles – including material that appeals to a female audience. Because as cool as they are, we can’t all love super heroes and zombies. Unlike the traditionally male-dominated comic book industry, Stela’s creative staff is over 80% female, providing our audience with content from a hitherto unexplored point of view. Stela’s creative and growth team is led by writer and illustrator Sandra Lanz – creator of the House Girls series, and VP of Development Yaling Catorcini – a veteran of both Apple and T-Mobile.
Hira: Any other comments? I’d be happy to feature!
Jason: Since computers have been invented, digital books have never been designed properly, especially any books with pictures. It has been more than 40 years and someone has to fix it. Today finally almost everyone can have a phone with Internet access if they want and all the phones are roughly the same size with about 4.5 to 5 inches of display space. All the creators finally have a standard to aim for which means each book can be now be designed without a moving target. I would like to see each book actually being designed and presented in the best format for all the phone readers to enjoy.
This is a guest blog post by Hira Saeed, Community Leader, Startup Weekend Karachi who writes about AI startups, Chatbots and Big data.
April Fools’ Day is something that we humans celebrate with all our hearts. Whether it’s making the fool out of parents or friends, we do it wholeheartedly. To get familiar among the masses, Tech companies do it as well with of course with of course highly paid ads and other stuff. Silicon Valley where most of the tech companies live is known to be sort of un-funny because of the geeks working there but in this April Fools’ Day there were super hilarious! Last year was a good one, but this year the giants stepped up their game and were really funny. So let’s have a review of this year’s top Tech April Fools Hoaxes!
The AI Revolution
LOL-BOT was hilarious but we’re not talking about it right now and yes, the AI Trip Managers are real! We’re reviewing the super-funny ad by Infiniti Telecommunications. It was a super fun and satirical dig at our industry where everything is “revolutionised by AI” nowadays. The ad started with the Top Management of Infiniti Telecommunications explaining the revolutionary technology that’s going to replace all their customer service’ staff. They further explained that with this technology, they wouldn’t need to outsource the customer service from Philippines or India. The chatbot in the ad was funny and performed like every other chatbot. And when are they going to release it? 1st April!
With Google, it’s always the polite humour! Google is known to be the funniest tech company because it was Google that started this trend of celebrating April Fools’ in the tech industry. To celebrate this April Fools’ Day Google turned the Google Maps into a Pac Man game. So by using the Google Map, you’re actually Pac Man munching its way to the destination. This prank of Google received critical acclamation because of the decency and great design of this campaign. Google even started a competition between among people which basically nominates the highest scorer as the winner. With this sweet collaboration with Pac Man spread smiles all around the globe.
A Study in Pink
Just like last year, T-Mobile was hilarious and satirical this year as well! Okay so, the ad started with how “little wrist bands” cannot analyse what’s going on in the other parts of body and that is a huge problem making T-Mobile to come up with a revolutionary pink full-body wearable named ONEsie. According to T-Mobile, it’s where “couture meets connectivity”. The ridiculous full-body wearable is hailed by T-Mobile in this ad as a sporty and comfortable design. Oh, and it keeps track of what’s happening in your body and along with that, it incorporates 4G LTE as well, making you a human hotspot. Well played, T-Mobile.
Amazon usually comes off as a bored tech giant but it’s really funny when it comes to pranking. This year Amazon has create Petlexa! Petlexa is the alternative of Alexa (yes, the AI assistant). Amazon killed it with a hilarious ad where pets are trying to communicate with Petlexa and it’s not really helping them. For example, in a shot, a cat grunts and Petlexa says:” Okay, ordering sushi now”. Well, the satirical tone of ad is just like the prank that they’re roasting the not-so-useful AI-assistants.
Only two month in at The Nest i/o and I was made part of the Organizing Team for Startup Weekend Karachi 2017 which was to be held in less than 3 weeks. Not knowing much about Startup Weekend personally, I joined the team thinking it’s going to be just another event where people come, have fun, go home and forget about it the next day. With a quick crash course on Startup Weekend by our facilitator Anurag Maloo, we began our preparations. Unfortunately, Anurag was not able to attend the Startup Weekend and eventually Jehan Ara and Akash ended up becoming not only first time organizers but also facilitators!
Thanks to our amazing design team – Hira Fareed & Hafsa Jamal, we created enough buzz online with our posters and teasers. While many young men seemed eager to participate in the 54 hour weekend, we were a little concerned about female participation as very few applied initially. We dedicate the last couple days targeting females and kept our registrations open until the very last. The team even made a “Control Room” where no one was allowed to enter except the organizing team – which, to be honest, made me feel very special.
The final day arrived and our entire team was exhausted from making the final arrangements all week. To our surprise, participants started arriving at 4:30 even though the registrations were to begin at 5:30. The first two participants to arrive were Abdul Basit & Mohammad Ahsan Ejaz, two young men from COMSATS University Islamabad, who came to attend Startup Weekend Karachi 2017 with their luggage as they planned on staying over for 3 days. We were both thrilled and concerned at how fearless and excited they were to attend the event. Eventually their tickets were waived off and one of our team members helped them with accommodation. The flow of participants kept on increasing with time and eventually we had to turn a few back who showed up for on spot registration.
By 6:30 PM we had over 80 high spirited participants of whom 30 were females. Friday evening began on a high note when our facilitators, Jehan Ara and Akash took the stage to welcome everyone. After a short talk by Imran Moinuddin, the half baked ice-breaking activity took place which further increased the energy. By 9:00 PM 60 people had pitched their idea, many of them came up with ideas during the pitching session.
We had initially intended to shortlist 15 teams but the high energy in the room forced us allow 27 teams to pitch on the final day. Many teams even stayed back after dinner and finally at 11:15 PM we had to ask them to leave so we could all get some rest for the next day.
We were pleasantly surprised to find that almost all the participants were present at 9:00 AM. Most of the mentors and coaches were scheduled to arrive on Saturday and the first half of the day flew by. Thanks to our food partners, CoPakistan and McDonalds, we had amazing lunch and dinner planned for Saturday. We could feel the energy buzzing all around and it did not go down even for a minute on that 14 hour long work day.
We had an entertainment session after dinner with Hamza Amir who sang songs on request on his guitar. The short break was exactly what we all needed after a long day of building teams, networking, and learning. The teams were so excited and dedicated to their ideas that even at 10:00 PM they did not want to go home to get some rest.
We didn’t think it was possible but on the final day the energy levels went even higher as the final pitches approached. After a delicious breakfast from Dunkin Donuts, the teams were running around, preparing their final product. Soon it was time for a small workshop by Jawwad Farid on pitching, which was exactly what the participants needed as most of them were pitching on this scale for the first time. By the end of the session everyone was so immersed in updating their presentations that we had to force the participants to take a little lunch break.
The Final session began with a much needed stand up comedy skit by Junaid Malik which lifted everyones spirits and eased the participants a little. The next two hours flew by as teams pitched one after another to the judges who spared no one from their scrutiny. Only 30 minutes into the judging session, we found out that #SWKhi17 was trending on Twitter.
Besides the people present on the Final Day, we had plenty more following us on social media, anxiously waiting to find out who would win. It took judges another hour after the pitching session to decide the winner because so many great ideas were pitched.
Finally they decided on 3 winners and 2 special mentions:
Winner: MirrorMagican – a mirror that would take a picture using augmented reality and picture automation
First Runner up: TrashIt – a composting bin which enables people to dispose off their trash more efficiently.
Second Runner up: Gardener – an online gardening service, which provides gardening services through an App.
Auctee – a real-time auctioning service through secure accounts
Champion Mango – a service offering premium mangos with great packaging through a variety of distribution channels.
And just like that, it was time to wrap up the 54 hour long extravaganza. In an effort to capture this glorious experience, we took a group photo.
It has been exactly a week since Startup Weekend Karachi 2017 was hosted at The Nest i/o, and we are all still in a trance, living the moments over and again through articles published, photos shared, and memories made. It was a learning experience like no other.
The Nostalgia is here to stay!
The community wins at the Nest i/o Startup Weekend, Karachi
If you need to feel the buzz in Karachi, the Nestio is a good bet to get an instant triple shot of positive vibe, optimism and hope. On any given evening the community tends to be overrun by young entrepreneurs, ideas, visitors and activities. From standup comedy, improv and hackathons to guest speakers doing work on the cutting edge; from FIFA 2016 on the console to investors in for a sneak peek on the future. I know because I have been a regular visitor; right from the day when we came to first see the 6,500 square feet empty loft that would ultimately house the Nest.
So this Sunday afternoon as the door opened and I stepped inside, I was surprised enough to take a step back and catch my breath. Something was different. Not off, just very very different.
I have been there on pitch days, I have skipped passed before graduations. I was there when we surprised Jehan on her birthday and celebrated the big APICTA haul of medals last year. But this Sunday a few minutes before noon on March 26, 2017 as the glass door slid open I stopped as the change in the environment was so physical and in your face. All this despite being exposed to two years and five batches of high intensity young men and women doing unbelievable work at the Nest.
There were people sitting and reclining in places where I had never seen anyone even stand before. There was colored paper and post it notes plastered everywhere. The Nest was packed with individuals decked in dark grey t-shirts in two states – intense focused discussion with lots of hand waving and emotions – or rushing about trying to get things done as if the building was on fire. Not stress or tension but purpose and drive. Like mission control on Cape Canaveral on the day of a big launch.
A swarm of vibrant talent – teeming, buzzing, over flowing with vitality, vigor and life. Talent is possibly not the right word because these were no longer just ordinary men and women. You couldn’t see the energy but you could feel it physically move and push you around – like a wall of high pressure reverberating sound from those giant concert speakers or ice cold water on the deep end of the ocean in winters.
I had come in to run a short 15 minute session on 3 minute pitching for teams participating at the Startup Weekend at the Nest i/o. The Startup Weekend is a 54 hour power packed program managed by Techstars and supported by Google for Entrepreneurs. The concept is simple. The most difficult thing within the startup space is starting up. The Startup Weekend template allows you to get instant validation, find co-founders, build up a prototype, get feedback from industry mentors and have your idea ranked and judged by fellow entrepreneurs.
While I had seen a number of such weekend and day long initiatives and hackathons in the past, the scene at the Nest i/o was much different from what I had been expecting. Generally by day three of the format half the teams tend to fall off the band wagon. Most participants begin to lag and slow down as sleep deprivation over the past 48 hour catches up. Mentors, facilitators and volunteers start to fade and the original excitement of starting and building a new company tends to ebb as we get closer to the deadline for the submission of the final pitch.
There was no sign of a slowdown 50 hours into the format. It was as if they had just started. Rather than zombies having a bad hair day and sleeping through my session I had fresh faced forty year olds sitting in the front row paying attention and asking questions. I was the second last speaker for the day and this was just before lunch. The desire to stay, to contribute, to help was so strong that my 15 minute slot turned into 45. My short supposedly 30 minute visit crossed two hours before I realized that I had missed lunch with my family at home.
The source of this unending supply of energy was the community of founders, organizers, mentors and volunteers that had shown up to support the event. Nestio alumni or Nestlings for short were out in large numbers, mentoring, contributing, acting as sounding boards and helping out with coverage on social sites for all three evenings. The volunteers for the event had been infected just as heavily as the participating teams and were busy getting things done. The organizers in the control room were abuzz and high on the rush of the impact they had created over two days. It didn’t matter which room you went to, you couldn’t escape it.
It wasn’t just the participants or the speakers or the mentors or the coaches. It was seeing the community at work on building something much much bigger than we could ever do as individuals. That was the real pay off. Yes founders won, even when they didn’t make it to the final list of winners – they won because in three days they received a higher dose of active, high quality mentoring and coaching than typical Nestlings get in a month. Teams and ideas won because they ran through an intense test, validate, improve cycle. Mentors, teachers, trainers and judges won because we live off the vibe, off the rush of guiding young team build a better stronger future for all of us.
But the biggest winner of all, the one winner that in the ends leaves everything else behind was the community. The real winner at the Startup Weekend Karachi was our community of builders, makers, doers, helpers, facilitators, mentors, volunteers and well wishers. The broader community too, because in the end these high powered ideas are only going to make this city and this country a better place to live.
Guys and gals you really hit pay dirt this weekend.
You can’t really hide a good thing in Karachi. By early evening the seven judges for the format had already arrived, the power point presentations were done, the mind gym – the venue for the final round of pitches at the Nest i/o was packed. The hashtags for the event were already trending on twitter for an hour before someone actually noticed. Because once the pitches started the intensity went through the roof.
Traditionally in an event of this sort the recommendation is to limit the final round to about ten to twelve finalists. At the Startup Weekend in Karachi 83 participants registered. 30 of these were women. Take a second to grasp what that means for empowerment and community outreach.
55 – 60 teams pitched as part of the initial vote on Friday evening. 16 won the vote to move forward. 25 teams pitched in the final round on Sunday night. Even after scoring for judges was completed it took them another hour to finalize the winner, the two runners up and the two special mentions. That is how tough and close the competition was.
In truth, we were all winners this weekend. Even those who didn’t know about the event or didn’t make it to the selected list. Those who pitched as well as those who didn’t. Because we showed over a hundred individuals what is possible when a community comes together to build things together. We showed young men and women as well as older men and women that if they decide to change and mold the future all they need to do is get started. The startup community has their back and will always be willing to lend a hand. We won because we took the first few steps and got started. And that has always been the hardest part.
This blog post was written by Jawwad Farid for Finance Training Course
Jawwad Farid has been building and implementing risk models and back office systems since August 1998. Working with clients on four continents he helps bankers, board members and regulators take a market relevant approach to risk management. He is the author of Models at Work and Option Greeks Primer, both published by Palgrave Macmillan.Jawwad is a Fellow Society of Actuaries, (FSA, Schaumburg, IL), he holds an MBA from Columbia Business School and is a computer science graduate from (NUCES FAST). He is an adjunct faculty member at the SP Jain Global School of Management in Dubai and Singapore where he teaches Risk Management, Derivative Pricing and Entrepreneurship.
It has been a long day, but every moment was worth it!
We kicked off at 6 pm sharp on Friday. More than 80 participants of all ages and backgrounds turned up at The Nest I/O to pursue their entrepreneurial dreams. The organizing team had been working tirelessly for two weeks, making sure all details were taken care of.
We started off Day 1 with a little orientation session with tech legend Jehan Ara and The Nest I/O Program Manager Akash Shaikh. We also had a guest speaker to pump the audience up, Imran Moinudddin, a Stanford graduate and CEO of NexDegree. The most fun was had during the ‘Half-Baked’ ice-breaking session, where all participants came up with ideas ranging from the practical to the ridiculous. It worked, however, in teaching attendees basics of pitching and helped ‘break the ice’.
When it came to ideas pitching, we were expecting maybe 20 or so pitches, but were pleasantly surprised when nearly the entire room raised their hand, indicating they wanted to pitch. Very soon one entire wall of our Mind Gym was covered with sheets scribbled with ideas, and then voting began.
We’d given each participant three stars to vote for their top three ideas, and it was great fun to see participants walking around selling their ideas and soliciting votes from fellow attendees. Very soon we had a list of the top 16 ideas, which were announced around 10 pm.
This was when we were scheduled to end, but the participants surprised us by insisting on staying another hour, forming teams, sharing ideas, basically preparing for the next day. We finally closed the venue around 11:30 pm at night, exhausted but elated. It had been a great day, and we couldn’t wait to welcome this bunch again the next morning.
Lo and behold, nearly all the participants were at the door at 9 am sharp the next morning. On a Saturday morning! Full of energy and excitement and ready to get to work! To say we were amazed, would be an understatement. We’re almost through Saturday now and can’t wait to see what these superstars present tomorrow.
All hail our obsession of smartphones and clicking pictures. We click pictures all the time, every time to upload them on Facebook, twitter and Instagram or may be they just stay idle in our camera rolls leaving so many memories behind.
A startup named as Storyo has a solution to this problem with an app that takes content sharing to a whole new level. Storyo selects the photos that best sum up the fun, and fleshes them out with time, places, pertinent posts, and friends’ photos of the same event. After having a quick experience of how this app works, I’ve had a chance to interview Filipe Vasconcellos, CEO of Storyo to have a quick discussion about his app. Watch this space to know more about Storyo.
Hira: What is the idea behind Storyo app?
Filipe Vasconcellos: The belief that data play an important role in personal content creation and storytelling. We’re leading the way in data-driven storytelling with our mobile app, Storyo 2.0.
Hira: Is it somewhat a mix of Snapchat stories and Instagram’s collage?
Filipe Vasconcellos: While the output is a video story, it is nothing like Snapchat’s stories or Instagram collages. Our technology helps our users create personal and collaborative stories by simply selecting a timeframe of photos from their camera roll. Storyo then organizes photos in a visual narrative because it understands the story behind the selection of photos thanks to our proprietary technology and leveraging computer vision and machine learning selects the best photos, adds maps, social media trending posts, weather information, professional footage and creates a memorable piece of content that is ready to be shared.
Hira: What is the target market? Just millennials or everyone else out there?
Filipe Vasconcellos: It’s for all those who enjoy sharing their best times but don’t have the time or skills to create something they like so they need a tool that does it for them automatically, quickly and smartly.
Hira: How do you position Storyo as an app? What problem is it solving?
Filipe Vasconcellos: Storyo is like personal-storyteller-meets-production-crew. Great memories require real stories, that are unique, provide context and ultimately connect with people. These stories take time and effort. And no one was doing a good job at making stories for the user from start to finish at their request, much less enrich them with interesting context. So we went for it. We’re playing stories from data.
Hira: How big is your team? Are you attracting any fundings at this stage?
Filipe Vasconcellos: We are currently 10 in our office in Lisbon. We are preparing our next round of investment.
Hira: Every other app is jumping to add “stories” as a side feature on their app. First Instagram, then Whatsapp and Messenger too. How do you see it?
Filipe Vasconcellos: I believe that this is the evolution of social media and the announcement of a new era. We went from a “mass” social media (such as Facebook and Twitter) to smaller networks. Users are looking for more personal networks and that need was the impulse to the rise of Snapchat, Instagram, and Whatsapp, which of course are now huge. Stories are the natural next step. We are tired of feeds and algorithms that decide what we see and we would rather decide what we see on social media by checking in on the people that are meaningful to us. This way we are able to see what they have been up to instead of checking what everyone has been up too. But we’re continuing to see lots lots of one-to-few vs. one-to-many sharing of Storyos, and everywhere else, and that’s an interesting dynamic we’re looking to continue exploring.
Hira: What’s with these Shutterstock videos feature? This sounds very interesting!
Filipe Vasconcellos: Shutterstock is a strategic partnership for Storyo, offering our users a way to add a professional touch to their stories. Users can now access a gallery of +100,000 professional stock footage right from the app. A story of a romantic trip to Paris created with pictures from both of the partners on the adventure is always memorable. Now it can also include professional drone footage of the Eiffel Tower, for example.
Hira: I read in one of the press releases that Storyo uses artificial intelligence to weave stories. How does it work?
Filipe Vasconcellos: To create stories users select the first and the last photo of an event and press play; Storyo’s AI engine then takes care of the rest. Our proprietary patent-pending technology clusters photos in time and space, divides the story into chapters, within an alloted amount of representation time (15”, 30” or 60”) by understanding your photos metadata and the main highlights of that sequence of photos, and then our Computer Vision engine selects the best photos, deletes duplicates and ranks up or down photos with certain characteristics. We also suggest a theme and music and in seconds you have a video ready to share as is or to edit and make it even better.
Hira: How are you planning to add more AI based features in it? Any hints?
Filipe Vasconcellos: We will definitely be expanding our AI engine. We’re all about leveraging technology to create smarter and more relevant stories. But it’s too soon to talk about our roadmap as we’re focused on scaling 2.0.
Hira: How do we see Storyo in the years to come?
Filipe Vasconcellos: Stories are universal. Our digital footprint will expand and we will reflect even more what we do offline in our online lives. Storyo will be people’s ally to transform all the data they generate (which includes, amongst other things, photos) into meaningful, living memories to look back at and celebrate.
Hira: That is a bit off topic but I also need your views on Snap IPO that held a week back? Any comments?
Filipe Vasconcellos: I have a lot of admiration for Snapchat and what they’ve built. They introduced a terrific, game-changing product which helps connect millions of people and have an interesting vision of the future as a “camera company” (i.e. introduction of Spectacles and features that are increasingly relevant as it seeks to monetize). The IPO has raised some concerns from a valuation and company sustainability standpoint and there is a lot of skepticism around the company at this point but ultimately there is such a strong product-market fit that I’m looking forward to seeing the company continue to maintain its relevancy and grow.
Do I need to have a team to participate? Or can I participate on my own?
No, you do not need to have a team to participate. All participants will be selected individually through registrations. All teams will be formed during the weekend.
How do I register for the event?
Is there a registration fee?
Registration is free. If you get shortlisted, you’ll have to pay a participation fee (PKR 1,500 for students; 2,000 for professionals), which will cover the cost of all meals and workshop materials you’ll use during the three-day event.
How will I know if I get selected as a participant for the event?
You will receive a confirmation email by March 19, 2017 asking for an address where the ticket can be delivered. We encourage you to respond to that email ASAP!
How will I pay for the ticket if I get selected to participate in the event?
The ticket will be delivered to the address provided by you. All payments will be made on delivery.
What are the timings for each day?
Friday 24th March: 5.30pm to 10pm
Saturday 25th March: 9am to 10pm
Sunday 26th March: 9am to 10pm
Is this only open to participants from Karachi?
You can apply from anywhere in Pakistan as long as you’re in Karachi during the weekend to attend all events.
Where will the event be held?
The event will be held at The Nest I/O’s incubator space in Karachi (3rd Floor, CitiView Building, above Naheed Supermarket, Main Shaheed-e-Millat Road, Karachi).
Do I need to attend all three days?
Yes, everyone who attends the event is expected to participate all three days.
Do I have to pitch an idea to attend?
No, but we encourage you to! You can pitch an idea you’ve been thinking about for years, or something last minute you think of during the event. It’s a great experience and invaluable practice for public speaking.
What should I bring?
Lots of creative energy!
Can I just participate as an observer?
Unfortunately, due to space restrictions, the event will be open to participants only.
Ah, the question of starting salaries. It’s the elephant in the room for most job applicants and hiring managers, something often tiptoed and danced around from the beginning of the application/hiring process. According to Herzberg’s theory of motivation, salary is one of those strange features of the workplace that may not directly impact job satisfaction or employee motivation. But if you are earning a salary you are unhappy with, you can be pretty certain it will have a negative impact in those areas.
Many companies are now adopting numerous ways to manage employee absence, procrastination and as well as their overall performance, because they know that managing these things is the key factor in determining the success of the work they deliver.
For project managers currently mired with an unsatisfactory salary, or for those looking for an upgrade, there’s good news. The demand for project managers is growing across numerous industries and fields, with companies in all sectors looking for experienced and certified project managers to deal with projects big and small. Whether it’s a marketing agency, a high-tech web application development company or an FMCG manufacturing corporation, experience in project management is invaluable to all leading companies and many are willing to pay a hefty sum for the right candidate.
The Project Manager handles the timing and budget and is responsible for communicating goals and deadlines with team members and clients. PMP certified project managers are especially sought after as employers look for seasoned leaders with verifiable skills.
Master of Project Academy, a leading online certification site, looked at some top job sites and company data to scope out the 10 companies with highest project manager salaries and compensation packages.
Average Salary for Project Managers: $114,956 / year
The top paying company for Project Managers, Cisco, is headquartered in sunny California and develops, manufactures, and sells networking hardware, telecommunications equipment, and other high-technology services and products.
When we reviewed the comments of their employees, three words caught our attention: “work-life balance”. Cisco values a balance between productive work life and satisfying private life – pretty critical to consider in any job move.
Average Salary for Project Managers: $109,106 / year
Jacobs operates in a wide variety of industries including construction, aerospace and defense, pharmaceuticals, telecommunications, and transportation. It is one of the world’s largest and most diverse providers of technical, professional, and construction services, so if working for a multinational conglomerate is your thing, this is the place to go.
Average Salary for Project Managers: $104,206 / year
One of the US’ largest investor-owned utilities companies, Edison boasts over 5 million customers. The company plans to invest up to $20.4 billion in expanding and strengthening its electric system infrastructure over the next four years, so this is a company with huge growth potential for the driven project manager.
Average Salary for Project Managers: $100,711 / year
Ericsson is one of the world’s leading providers of technology and services to telecom operators. This long established Swedish company has customers in 180 countries, with 40 percent of all mobile calls made through their systems. Employees find the company a fast paced and challenging environment, where hard work is expected and also well rewarded.
Average Salary for Project Managers: $96,324 / year
SAIC’s specialties include IT solutions, logistics & supply chain, and systems engineering. Deep customer and domain knowledge enables the company to deliver systems engineering and integration offerings for large, complex projects, so any prospective project managers should have experience in the same.
Average Salary for Project Managers: $95,715 / year
The renowned strategy and consulting firm offers a broad range of services and solutions to across over 40 industries. The company is known for helping clients improve performance, and project managers are integral to that process. The company’s HQ is located in Dublin, though satellites offices can be found in many countries around the world.Culture is strong here, so expect lots of company parties and team building events.
Average Salary for Project Managers: $93,721 / year
Established in 1975, Microsoft has always been a pioneer in developing computing technologies. Now, its range of products varies from video games to digital services and smartphones. Multicultural and friendly, the atmosphere here is nonetheless highly competitive.
Average Salary for Project Managers: $93,349 / year
The financial giant in commercial and corporate banking, JP Morgan Chase has almost 200 years of history. For its size and age, things are certainly moving fast, as the company is in the midst of reinvigorating itself and its services providing financial solutions for consumers, small businesses, corporations, governments and institutions around the world.
Average Salary for Project Managers: $89,950 / year
One rank below is another of the world’s leading financial institutions. Serving everyone from small and middle sized business to large corporations, Bank of America is a global leader in investment, corporate banking, and trading, so project managers should have strong experience in the financial field. As expected of a company of this size, compensation and benefits are highly competitive.
Average Salary for Project Managers: $89,069 per year
Rounding out our top 10 list is Fortune 500 firm AECOM, a civil engineering company operating in more than 150 countries. It designs, builds, finances and operates infrastructure assets for governments, businesses, and organizations around the world. Some employees complain of management issues at the top level, but satisfaction with coworkers and a diversity of projects provide good growth and experience.
“Machine learning is changing everything — except maybe healthcare,” said MIT professor, John Guttag at the Big Data and Healthcare Analytics Forum on Oct. 24, 2016.
While Artificial Intelligence or machine learning is already transforming many industries, healthcare providers have done much less with these technologies. I have written up to a hundred stories covering these technologies and the impact I’ve observed so far is enough to prove the hypothesis that machine learning can truly provide convenience to human lives. How? This story will answer that.
Machine learning in healthcare has started changing a lot of things and the revolution we’ve promised through this technology is here. During my recent trip to S.F Bay Area, I’ve had a chance to meet an entrepreneur who is already challenging the statement of Prof. John Guttag.
Richard Lin is an entrepreneur in the Bay Area who is working on a healthcare startup, Thryve. It provides a gut testing kit paired with personalized probiotics to provide knowledge about the microbes inside a human body. His venture aims to improve the health of people by utilizing machine learning and Natural Language Processing (NLP) on 35
00+ microbiome studies to provide tips, recommendations, and actions for improvement. What Richard plans to do ahead is in the following interview. Have a read!
Hira: What does Thryve do? How would you explain the idea behind it?
Richard: Thryve helps people learn about the microbes inside their body in order to improve health. We offer a gut wellness test kit and based on the results deliver high-quality pro/prebiotics to their door. Results are sent to customers with information on the various health impacts of the bacteria levels found in their stomach and diet and lifestyle recommendations. Each report also features an overall “Gut Wellness Score” which allows subscribers to track their progress over time.
Hira: What made you choose probiotics for the well-being of humans?
Richard: Using antibiotics allows us to effectively control microbial infections by killing them. However, we have actually been co-evolving with microbes and with recent advancements in biology and DNA sequencing new discoveries are made about their essential role on our health. Probiotics have been known to be beneficial for our health, but we believe what we know is just the tip of the iceberg, and there is so much more potential for them to help people. Although the science is still in its infancy we’ve seen probiotics exert positive effects on mood, muscle growth, inflammation, lincreasing pain thresholds, prenatal growth, and many others.
Hira: Do you only test for microbiome or do you provide nutritional recommendations too?
Richard: Currently, we test the bacterial microbiome in the human body. We also provide dietary and lifestyle recommendations via our reports.
Hira: Coming to the main point, how are you incorporating Machine Learning into it?
Richard: We use machine learning, deep learning, and natural language processing to summarize contextual information from 3500+ microbiome studies and our customer’s profile data. We then use our dashboards and chatbots to deliver relevant and personalized wellness recommendations to our customers in a user-friendly way. Think of it as your very own personal robot scientist and nutritionist working in conjunction to improve your wellness.
Hira: How far has Machine Learning advanced over recent years and what impact it had on healthcare industry?
Richard: We’ve seen some huge leaps in machine learning across consumer Internet companies. For example, Google photos with deep learning to auto-tag and categorize your photos and Facebook’s computer vision for facial recognition. However, we’ve yet to see a huge leap forward with the healthcare industry. Intrinsically, healthcare is a very difficult problem to tackle considering the stakes are much higher. For instance, tagging a photo incorrectly at scale isn’t quite that large of a problem. However, if errors happen with prediction models for healthcare, serious issues arise and the repercussions can be detrimental to a person’s well-being.
Hira: What other technologies are you planning to incorporate in the near future?
Richard: Chatbot interface, Bioinformatics, Machine Learning.
Hira: Many companies are incorporating Chatbots into the healthcare system. Are you planning the same?
Richard: Absolutely. Starting from last year (Q4’15) chat has surpassed social networks in terms of engagement with users. Thus, we are seeing a huge trend in how users interact with applications and the internet. Chatbots will be a key component in how Thryve will extract meaningful customer insights in an intuitive and natural way about diseases, symptoms, supplements, diet, sleep, etc. We can remove the barrier of cumbersome questionnaires and surveys and build an interactive way for users to provide their data to help advance science.
Hira: How are you planning to incorporate big data into the business?
Richard: We are in the business of making sense of microbial genomics. Intrinsically, removing the noise and making sense of these bacterial genes requires large amounts of data flowing through our proprietary bioinformatics pipeline and our algorithms match and summarize research studies to provide relevant information to our customers.
Hira: What feedback have you received so far on Thryve?
Richard: We were able to build up initial traction with customers in closed Facebook groups dealing with chronic illnesses. The reception has been tremendous and our early adopters are super excited about our product. That said, those who are already healthy have not been as keen to understand the importance of how the microbiome affects their wellness (better sleep, clearer skin, less fatigue, improved mood) and I believe there is an educational process needed to help everyone understand the relevancy.
Hira: Is Google DeepMind your competitor?
Richard: No, I see them as our partners.
Hira: How are you planning to position Thryve in the coming years?
Richard: Thryve’s mission has always been to solve disease associated with the microbiome. However, it’s naive to think that the microbiome is the only area that affects disease states. That said, we envision our platform will target many areas of wellness across humans, animals, agriculture, food. We hope to bring wellness to all areas of life.
P.S. Any questions you want to ask Richard? Drop them to me at firstname.lastname@example.org and I’ll make sure to have them answered!