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Blue Origin vs. SpaceX – Who will own Space?

On Sunday, April 29, Blue Origin launched the third New Shepard rocket with its passenger dummy named Mannequin Skywalker. The private space company founded by Jeff Bezos tested its eighth rocket design, reaching its highest flight so far. Despite the last-minute weather delays and countdown holds due to short notice checks, the company was able to launch and land the booster rocket, while its space capsule smoothly landed just minutes later.

According to Bezos, there will be more test flights to be done and they aim to eventually carry passengers into space within an eleven-minute journey inside a space capsule. With the help of parachutes, the space vehicle will flawlessly land while the rocket descends back with a powered landing. Armed with a mission, the space crash dummy’s collected data will greatly improve further research and studies to attain the company’s dream of bringing tourists into space. The New Shepard’s latest apogee has been set to its target altitude at 351,000 feet.

On the other hand, SpaceX’s launch of Falcon Heavy in February marked its remarkable performance as it’s considered one of the most awaited rocket launches in the last 10 years. In 2011, SpaceX initially announced its plans to build Falcon Heavy with the target goal to launch it in 2013 or 2014. But due to a couple of failures of Falcon 9, the mission has been delayed for quite some time. Elon Musk, CEO of SpaceX, said it was actually harder to create Falcon Heavy than they thought. Successfully, all their labor and hard work came into fruition as the rocket made its take off from Cape Canaveral, Florida. Falcon Heavy soared into space with its payload – the red Tesla Roadster owned by Musk.

With the flight’s success, the two core rockets of Falcon Heavy impressively touched down back on Earth’s surface moments after its takeoff. During midflight, the outer boosters shifted away and made their way back to the Cape. In total, SpaceX has a record of 23 rockets that landed upright. Currently, the Falcon Heavy maintains the title for the most powerful rocket in the world, and this launch is the first time an automobile was sent to space orbit by a commercial company. The rocket also boasts of its 27 engines, creating a combination of five million pounds of force for each takeoff. It also means that the Falcon Heavy can carry approximately 140,000 pounds of payloads into Earth’s lower orbit.

The rocket has two more missions to be accomplished in 2018. It is scheduled to carry a huge Saudi Arabian satellite named “Arabsat 6A” in the first half of the year. In June, it aims to send up a test cargo for the US Air Force in order to get the rocket certified for national security missions.

Potential customers could get more interested in Falcon Heavy sooner or later. With its cheap price, it could be more appealing for NASA to use it to launch robotic missions into space or humans to journey again to the Moon.

 Both Bezos and Musk race to create reusable rockets. But unlike Musk, Bezos is not interested to “Space Race” when it comes to his company’s approach to space. While Musk is busy showing off his achievements and blatantly made it clear that he is quite drawn to igniting competition, Blue Origin’s Head of Public Relations, Caitlin O’Keefe Dietrich, said in an interview that the company is not aiming to take the challenge that SpaceX has presented. In another perspective, SpaceX and Blue Origin operate very differently from each other. Though both rocket companies are founded by white male billionaires, Bezos has been focusing to solidify its company as a rocket manufacturer outside the public’s watchful eye. Meanwhile, Musk’s company functions as satellite internet provider, a rocket corporation, and aims to colonize the solar system.

SpaceX and Blue Origin have also both stated that their goal is to begin carrying paying passengers on space flights next year. This means that they need to start moving this year to test launch their own crews and rockets. Blue Origin recently unveiled its gigantic New Glenn rocket and it’s scheduled to have its first flight by the end of 2020, declaring a statement that they think of long-term goals instead of testing from rocket to rocket. SpaceX has now begun assigning the majority of its engineering teams to bigger BFR because according to Musk, “Falcon Heavy was a bit small.” Only time will tell if any competitive advantage can be gained by SpaceX over Blue Origin, but as we watch these two rocket companies create a healthy competition with each other, let’s just enjoy the product of their rocket science and wait for the time they can bring us into space.

 

 

 

 

 

Fastned Expands Charging Stations in Europe with New High Capacity Charger

Fastned, the Dutch charging company is making headways in supporting electric vehicles (EV) in Europe. It recently announced a new generation of EV charging units which are capable of up to 350kW. The first Fastned fast charging station is located along the A8 highway near Amsterdam, The Netherlands.

The fast charging units were developed by ABB. In the UK, these are called rapid charging stations, and can power up an EV to run up to 500 km of range in 15 minutes of charging. This is around 100 times faster than home charging. Fastned admitted that the new fast charging stations are in anticipation of the next generation EVs from Jaguar, Audi, Hyundai and other car manufacturers which would have large batteries and longer range.


Fastned is already implementing ways to attract new customers. Their new station designs incorporate wood and a high roof for driver visibility. In addition, the roof has glass solar panels enabling it to generate additional energy off the grid. The fast charging is another feature which Fastned implemented to attract more customers.

According to Fastned co-founder Bart Lubbers, “It’s very important to increase the charging speed because it makes driving EVs attractive to more people. The question that almost every consumer asks is, ‘How long does it take to charge?’

Fast Electronic Car Charging Stations to Change People’s Minds

Slow charging has been cited as a reason for the slow adoption of EVs. People are used to the fast fuel loading of fossil fuels like gasoline, diesel or liquefied natural gas. First generation charging stations are capable of up to 50kW charging. Considering the smaller batteries of current vehicles, these can have up to 80% capacity after 50 minutes of charging.

Tesla is the most famous EV car brand in the market today. The company is one of the most aggressive startups offering EV cars only. However, almost all the major car brands have their sights on releasing their own EV cars in 2018 or 2019. In most instances, the car manufacturers are skipping selling hybrid cars and going straight to EV. The first generation of EV cars was designed from the ground up to be EV. In contrast, the EV cars expected to come out of Jaguar are all EV versions of their venerable models. They are jumping wholeheartedly into the EV market.

The EV market started off slowly due to the lack of charging stations, as well as due to slow charging. The number of charging stations has been steadily increasing. The next hurdle is the charging speed. With the 350kW charging capacity, drivers would not need to wait too long for their vehicles to get charged. In addition, vehicles which have larger battery capacity are assured that they can power up much faster than before.

In a related development, Fastnet will open a charging station in Newcastle and Sunderland. The company had recently won a tender allowing them to build in the two cities. The tender was approved by the UK’s North East Combined Authority (NECA).

The Fastned presence in Newcastle has a bold impact as the company will also be working the Newcastle University researchers in a study on the effect of EV charging on electric grids. The same study will also look at the possibility of using EVs as battery for the local grid during off-peak hours.

The stations will sport the iconic Fastned charging high clearance roof, as well as six chargers, two of which are rapid charging 175kW (350kW enabled) chargers.

If plans succeed, faster charging and more charging stations will hopefully be enough to convince people to make the switch to electric vehicles.

 

Bold Business Lists the Top 20 Companies Founded by Women

All over the world, women are becoming more and more inspired to step out of the shadows. They are now more confident about claiming their place as movers and shakers in various industries. While the road to success wasn’t easy, this generation has seen more women take over the helm of multi-million dollar companies. There’s Oprah Winfrey, whose net worth according to Forbes, is a massive $2.8 billion. She founded three successful companies: Harpo Productions, the Oprah Winfrey Network, and the Oprah Winfrey Leadership Academy for Girls.

Marian Ilitch, on the other hand, became one of the most successful American entrepreneurs when she co-founded Little Caesars Pizza with her late husband, Mike Ilitch. Her net worth is estimated at $5.1 billion. She also owns the Detroit Red Wings and MotorCity Casino Hotel.

Oprah and Mrs. Ilitch are just two women who are now captains of their own industries. Here’s a roundup of 20 successful and emerging companies founded by women:

Lucy Peng - Ant Financial
Ant Financial Services Group is an online payments services provider that allows businesses and individuals to execute secure payments online. The company’s platform – Alipay – is the largest mobile and online payments platform in the world, surpassing PayPal in 2013. A part of the Alibaba group, Alipay caters mainly to buyers and sellers who are engaged in e-commerce transactions. It has a registered base of more than 43 million and is an accepted online payment method for most of the online retail websites and service providers in China. The company has secured $4.5 billion in equity funding to date. Peng Lei, also known as Lucy Peng, co-founded Alipay in December 2004. They now employ more than 5,000 people. Peng, who is also one of the founders of the Alibaba group, earned a business administration degree from Hangzhou Institute of Commerce and is one of 21 self-made women billionaires in China.
Tan Hooi Ling - Grab
Grab is a Singapore-based technology company. It offers logistics and ride-hailing services in Singapore and neighboring Southeast Asian nations through its app. The company was founded by Anthony Tan, the youngest member of the family that operates Tan Chong Motors in Malaysia, with Hooi Ling Tan, a fellow Harvard graduate. Hooi Ling was Anthony’s classmate who also happened to be a consultant at McKinsey & Company. The two wrote a business plan to promote their mobile app with the goal of making taxis safer in Southeast Asia. The company was launched in 2012 using a $25,000 grant from the Harvard Business School and Anthony’s personal capital. In 2013, Grab expanded to the Philippines, Singapore, and Thailand. In 2014, the company further expanded to Vietnam and Indonesia. In 2016, Grab Taxi was rebranded into Grab, which covers other products and services. In 2018, Grab acquired the operations of Uber in Southeast Asia. It has secured nearly $3.5 billion in equity funding. Hooi Ling earned her MBA at Harvard Business School and a Mechanical Engineering degree from the University of Bath. She was an associate at McKinsey & Company, which sponsored her graduate studies at Harvard Business School. While a co-founder of Grab, she gladly gives the spotlight to Anthony who is regarded as the face of the company.
Linda Avey and Anne Wojcicki - 23andMe
23andMe is a biotechnology research company which studies human genomes so users can study their ancestry, genealogy, and check for any possible inherited traits. The company is a startup co-founded by Linda Avey and Anne Wojcicki. The startup aims to make the human genome searchable. $3.9 million from Google and Brin helped initially fund the startup which now has a total equity funding just over $482 million. 23andMe was named after the number of pairs of human chromosomes. The company aims to make people understand the meaning of their genes by indexing them and highlighting significant findings. The company also caters to researchers and scientists by providing them neatly categorized and searchable data. Linda Avey is a biologist, having earned a BA at Augustana University. She spent 20 years in sales and business development in biopharmaceuticals before co-founding 23andMe with Anne Wojcicki. Anne Wojcicki is a Genomics pioneer. A graduate of Yale University, Anne worked as a healthcare consultant and investment analyst. In 2006, she co-founded 23andMe.
Tyler Haney - Outdoor Voices
Outdoor Voices is an active lifestyle brand that manufactures technical apparel for recreation. According to company founder Tyler Haney, “Our goal is to inspire people to be active on a daily basis. We believe that the future of athletics is not about being there first, but about showing up most often. By eliminating the pressure to perform, we’re building a community of exercisers who approach activity with easy, humor and delight.” Matt McIntyre and Tyler Haney founded the company in January 2014. Tyler grew up involved in several sports, but as an adult gravitated towards hiking and walking her dog. As a true millennial, she was interested more in fitness than competition. Unable to find an active wear brand that she likes, she started Outdoor Voices which she describes as “a friendly, inclusive call to action that is non-prescriptive.” In 2016, the company brought its total investment to $22.5 million, which it used to expand its retail footprint by opening new stores in New York and Texas in addition to its original Austin location. It has a total funding of $64.1 million.
Gwyneth Paltrow - Goop Inc.
Launched in 2008, Goop is owned by American actress Gwyneth Paltrow. The lifestyle brand started as a weekly e-mail newsletter that provided new age advice like “eliminate white foods” and “police your thoughts”. Later, a lifestyle website was added and the company expanded into e-commerce that collaborates fashion brands, launched pop-up shops, wellness summits, and a print magazine. Goop generates revenue from advertising and from its Goop-branded clothing line, perfume, and books. It has a total equity funding of $75 million. Paltrow became famous for being an actress and singer. Later, she made a name for herself as a food writer. She has published two cookbooks and has been the face of two famous brands—Estée Lauder and Coach.
Michelle Zatlyn - Cloudflare
A web performance and security company, Cloudflare provides online services to protect and accelerate websites online. The company, through its Cloudflare CDN platform, distributes content around the world to speed up websites. Its Cloudflare optimizer enables web pages with ad servers and third-party widgets the ability to download Snappy software on computers and mobile devices. Cloudflare security protects websites from online threats such as spam, DDOS, and SQL infection. Cloudflare analytics gives insight into web traffic including threats and search engine crawlers. Keyless SSL allows organizations to keep their SSL keys private. The company was incorporated in 2009 in San Francisco, California. It is co-founded by Lee Holloway, Matthew Prince, and Michelle Zatlyn. It has a total equity funding of $182 million. Zatlyn grew up in a small town in Saskatchewan, Canada, studied at Harvard Business School and became one of the co-founders of Cloudflare, now recognized as one of the most important security firms in Silicon Valley.
Jessup Shean - CommonBond
CommonBond was founded in 2011, to lower the cost of higher education. Its innovative model makes it possible for students to save money on their student loans while giving investors the chance to earn a competitive financial return. The company makes personal finance more affordable, transparent, and easy to manage. It aims to correct the problem of high rates and poor service that usually comes with student loans. The company is creating a better way of handling student loans and allows students to save money by refinancing their student loan through CommonBond. Total equity funding to date is $128 million. CommonBond was co-founded by David Klein, Michael Taormina, and Jessup Shean. Shean worked at Fried, Franc, Harris, Shriver & Jacobson Law Firm focusing on debt private placement. She also worked for J.P. Morgan’s Equity Capital Market in Hong Kong before joining Klein and Taormina in founding CommonBond. Shean has a liberal arts degree from Brown University and a JD/MBA from Penn Law and Wharton Business School.
Leanne Kemp - Everledger
Everledger is a provider of a ledger used by diamond owners as well as other related transaction history verification for owners, insurance companies, and law enforcement agencies. Based in London, the company was founded in April of 2015, by Leanne Kemp. Everledger built a global, digital ledger that protects and tracks assets during their lifetime. The company collects an asset’s characteristics, history and ownership to create a permanent record. Stakeholders use the thumbprint or digital incarnation across the supply chain to verify, authenticate and prove where the item originated. The company builds innovative solutions in markets that value provenance and transparency. It has a total equity funding of $10.5 million. Leanne Kemp, founder and current CEO of Everledger, made use of her extensive background in business, jewelry, insurance, and emerging technology to build a worldwide verification system featuring transparency along the supply chain process. This allows the protection and tracking of high-value assets that mitigated the risks and fraud in the global marketplace. She is a member of the World Economic Forum’s Blockchain Council.
Weiwei Hu - Mobike
Mobike, owned by Beijing Mobike Technology Co., Ltd. is a station-less bicycle-sharing system with headquarters in Beijing, China. It is the world’s largest shared bicycle operator and has made Shanghai the world’s largest bike-share city. The company allows an individual to pick up a bike and return it to any public bicycle parking. It created a revolutionary lifestyle that allows people to use a healthier means of transportation, which reduces pollution and congestion. It also helps improve urban design through the use of data. Mobike operates in over 160 cities in China and in some markets outside of the country. The company started its Singapore operations in 2017. In the same year, Mobike launched its operations in Manchester, UK, Florence and Milan in Italy, Fukuoka Japan, and in Malaysia. The company has plans to expand its operations in the United States and in Australia. Weiwei Hu, Wang Xiaofeng, and Yiping Xia founded Mobike. Weiwei Hu was a journalist working on connected cars for Ford in China. Hu persuaded Xia to move from cars to bikes. Along with Wang, they started Mobike, now the world’s largest bike-sharing company with more than 25 million daily rides in 160 cities across the globe. Mobike received more than $1 billion in funding from companies like Tencent, Warburg Pincus, and Sequoia.
Danielle Weisberg and Carly Zakin - theSkimm
Founded by Danielle Weisberg and Carly Zakin, theSkimm is a media company that provides a subscription-only newsletter, which is a digest of news stories for simple and easy reading. theSkimm does the reading for the subscribers, explains the topics, breaks down what they need to know to start the conversation. The focus of the newsletter is a condensed and easy-to-read version of the news, which is focused on urban women, aged 22 to 34. theSkimm has more than 4 million subscribers. There is also theSkimm Ahead app on iOS, which directly inserts events into the subscribers’ calendars. theSkimm is a news curation and delivery app which is noteworthy for having a clean interface, and at the same time it clears the clutter on the user’s calendar. Entries could be added to the calendar in one click. The founders of theSkimm also have a podcast called “everything but the couch.” The founders are the hosts of this podcast where they invite female entrepreneurs or founders of their own companies and discuss how they started, and how they got their startups off the ground. Weisberg graduated from Tufts in 2008. She interned at MSNBC and worked for the Daily Beast before becoming an associate news producer at NBC. While there, she reconnected with Zakin, whom she met in Rome while they were studying. Their friends constantly asked them what was going on around the world so the two friends decided to provide the answer through a daily news digest that recasts news using conversational language in a format that breaks down the stories into smaller bytes for easy consumption by millennials. Zakin graduated from the University of Pennsylvania in 2008. She interned with CNBC in New Jersey before creating documentaries and reality television for MSNBC and Lifetime. She later joined NBC’s Peacock Productions in New York as an associate news producer, where she reconnected with her friend Weisberg. Together, they co-founded theSkimm, which has grown to 16 staffers and over 4 million subscribers. It has raised a total funding of $28.4 million.
Sandra Lerner - Cisco
Cisco Systems, Inc. is a multinational technology conglomerate with headquarters in San Jose, California, at the heart of Silicon Valley. Cisco is a worldwide leader in networking hardware as well as telecom equipment and other industrial and residential network products and services. The company has acquired several subsidiaries specializing in specific technology markets, such as domain security, Internet of Things, and energy management. In 2017 it had total gross revenues of $48 billion and net income of $9.6 billion. The company was co-founded by Sandra Lerner and her now ex-husband Leonard Bosack while they worked as computer scientists at Stanford University. They realized the need for a platform that allowed users across different networks to share and exchange data. They came up with a device now known as a router and set up Cisco to commercially sell the product. Lerner was fired from Cisco in 1990, after which her husband resigned and they SOLD all of their Cisco stocks. In 1996, Lerner co-designed Urban Decay through a venture capital company. The cosmetic company that became famous for its bold and vibrant nail polishes and lipsticks. L’Oreal bought Urban Decay for an estimated $350 million. She is no longer connected with the company and Lerner went on to run a certified organic farm in Virginia.
Adi Tatarko - Houzz
Houzz is a website and online community about architecture, decorating, interior design, home improvement, and landscape design. The Houzz platform and apps feature articles, photos and product recommendations. The company is based in Palo Alto, California was founded in 2009 by Israeli couple Adi Tatarko and Alon Cohen. In 2014, Houzz expanded to the UK, Germany, and Australia. By December of the same year, Houzz started to make a presence in the rest of Europe and Asia. By the end of 2015, Houzz had over 35 million monthly unique users and over a million active home professionals. By 2016, Houzz had more than 40 million users worldwide. It has raised a total of $613 million. Houzz began as a side project involving 20 parents from Adi and Alon kids’ school as the first users. Since then, it has become the biggest remodeling community online. It focuses on the needs of homeowners and home professionals and helps foster a community among them. Early in her career, Adi founded a software company that developed products and services for the high tech industry. From New York City, she moved to Palo Alto, California, where she worked in an investment firm. Adi and her husband founded Houzz as a result of their frustration in finding ideas for remodeling their house.
Lynsi Snyder - In-N-Out Burger
In-N-Out Burger is a fast food restaurant chain in the Pacific Coast and Southwest of the US. In 1948, Harry and Esther Snyder founded the company in Baldwin Park, California. The chain of iconic hamburger outlets is headquartered in Irvine, California and has expanded from outside of its traditional area of operations—Southern California—into the rest of the state as well as Nevada, Arizona, Texas, Utah, and Oregon. It had an estimated gross revenue of $614.5 million in fiscal year 2015. The company is privately held and does not disclose financial information to the public. Lynsi Snyder, the only grandchild of the Snyder couple, currently owns In-N-Out Burger. The chain resisted going public or franchising its operation due to the desire to maintain the company’s quality and consistency. The restaurant chain has a highly loyal customer base and is rated one of the top fast food restaurants in the country. Esther Lavelle Snyder co-founded In-N-Out Burger with her husband Harry Snyder. Esther grew up in Sorento, Illinois, attended Greenville College and graduated with a degree in Zoology from Seattle Pacific University. Esther met Harry Snyder while working at a Seattle restaurant. In 1948, they got married and moved to Baldwin Park, California, where they founded In-N-Out Burger.
Cathy Hughes - Urban One
Urban One is a media company with holdings primarily in radio, digital media, and cable television. It owns and operates 55 radio stations in the US and is the top African American-owned broadcasting company. Urban One is also the largest radio broadcaster that targets African American and urban listeners. The company offers hip-hop, R&B, rap, talk radio, and news. Urban One was previously known as Radio One and owns Reach Media. It holds the majority shares in TV One, as well as Interactive One, a digital publishing firm with websites and brands that target urban users. In 1980, Cathy Hughes founded the company as Radio One. She purchased radio station WOL-AM in Washington DC for $995,000 and changed the station’s original programming format from all-music to include politics and culture from the perspective of an African American. She later purchased another radio station in Washington and converted it into a rhythm and blues station. This started the strategy of Radio One acquiring small radio stations in urban markets and refocusing them to meet the demographics of the community. In 2017, it had annual gross revenues of $440 million and net income of just over $111 million. Cathy Hughes is an African American entrepreneur, business executive, and radio/television personality. When Urban One went public in 1999, it made Hughes the first African American woman to be head of a publicly traded corporation.
Whitney Wolfe - Bumble
Women-centered dating platform -- Bumble, is the brainchild of Whitney Wolf and Andrey Andreev of Badoo. The app was launched in 2014 and has 23 million registered users to date. Bumble is also responsible for approximately 5,000 engagements and weddings, and 850 million matches. Compared to other dating apps, Bumble is known to be more safe and fun for women especially because they rule the game. Bumble’s major requirement? Women should make the first move. Whitney Wolfe is an entrepreneur who was born in Salt Lake City, Utah. She majored in International Studies at the Southern Methodist University. At the age of 19, while in college, she started a business selling bamboo tote bags whose proceeds benefitted the areas affected by the BP oil spill. She, together with Patrick Aufdenkamp, launched the Help Us Project, a nonprofit organization. After graduation, Wolfe traveled to Southeast Asia to work with orphanages. She was named one of the most successful women in tech by TechCrunch in 2017.
Katrina Lake - Stitch Fix
Stitch Fix is a personal shopping and subscription service based in the US. The company was founded by Erin Morrison Flynn and Katrina Lake in 2011 and went public in 2017. Initially running out of Lake’s Cambridge, Massachusetts apartment, Stitch Fix started as a service for women but later expanded to include men’s clothing, maternity wear, and plus sizes. After its IPO, it released its first financial filings showing gross revenue at $977 million. As of February 2018, Stitch Fix was valued at nearly $2 billion. The company is personal styling platform that delivers personal and curated apparel and accessory items for both men and women. It’s headquarters is in San Francisco, California. Previously, Flynn was a J. Crew buyer. Lake is a graduate of Stanford University and the Harvard Business School. She utilized her skills in data science and marketing to grow Stitch Fix. Flynn and Lake were the first women to take an internet company public. A conflict arose between the two co-founders, which was settled out of court, leaving Lake the sole owner of the company.
Iris Ramos - Justworks
Justworks is an online platform handling payroll and payment procedures, compliance issues, and benefits facilities. The company makes it affordable and easy for business to hire and take care of people giving them freedom to invest their time in more important matters. The company allows clients access to enterprise-level services and benefits. Isaac Oates and Iris Ramos founded Justworks in 2012. Its headquarters is in New York City. Ramos is a graduate of Management Science/Economics from the University of California, San Diego and MA in International Relations from the University of Westminster. It has secured a total of $93 million in funding. Oates worked at Etsy before co-founding Justworks.
Linda Abraham - comScore
comScore is a media measurement and analytics company that provides analytics and marketing data to media, enterprise, advertising agencies, and publishers. comScore was founded in Reston, Virginia in July 1999 by Gian Fulgoni, who for many years was the CEO of Information Resources, Inc., Magid Abraham, an ex IRI employee, and Linda Abraham who co-founded Paragen Technologies. Linda Abraham helped guide comScore’s growth to become the global leader in digital measurement and analytics. It has a total equity funding of $82 million.
Leah Busque - TaskRabbit
TaskRabbit is a web marketplace for mobile users, matching local freelance labor with demand. The company allows consumers to immediately find help for everyday tasks such as cleaning, delivery, moving and handyman work. The company founded by Leah Busque in 2008, has received $37.7 million funding and boasts thousands of background-checked and vetted “Taskers” who can help consumers in a wide range of categories. Busque founded TaskRabbit after she realized it was difficult to buy dog food. She based the company on the concept of neighbors helping one another. Busque earned a degree in Mathematics and Computer Science from Sweet Briar College in 2001.
Anjali Naik - Saavn
Saavn is a global audio and music streaming service and a distributor of English, Bollywood, and regional Indian music across the globe. The company transformed how people worldwide access and experience music on a daily basis. Founded in 2007, the company acquired rights to over 36 million tracks in 15 languages. It is available in iOS, Android, Windows, and Web. It has more than 22 million active users monthly. Total equity funding is $110 million. Anjali Naik, Anurag Gupta, Paramdeep Sing, Rishi Malhotra, and Vinodh Bhat founded Saavn in 2007. Anjali Naik was in-charge of Google’s product operations and also serves as board member of Project Glimmer. She is a co-founder of Saavn, becoming its director of product management before joining Project Glimmer. Naik has a degree in business administration from University of North Carolina at Chapel Hill.
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There are countless challenges women encounter on their way to the top. Some of them have sacrificed personal relationships in exchange for success. Every day, women have to redefine gender roles to be treated as equals to their male counterparts. But more and more women are being recognized as successful leaders and global influencers.

 

To say that these women entrepreneurs made bold moves to get to where they are today is a massive understatement. Their courage and bold spirit continue to serve as an inspiration to other women who have yet to find their true calling.

Their stories are proof that women have what it takes to launch, grow and run some of the best companies in the world.

ConnectWise: Lessons from Building a Billion Dollar Company

Privately held startups worth over $1 billion, are disrupting several industries in the last few years. ConnectWise, currently worth about $1.2 billion, is paving the way and making a solid example of how to do it well – but they did not get there overnight.

With an arsenal of bold minds and a dynamic CEO, ConnectWise built itself from three Cs: culture, community, and customer obsession. Launched 36 years ago, the privately-held company has had its fair share of naysayers – people who deemed the company a fluke. Today, its employees hold 16% of the company’s shares, and the firm has no debt whatsoever. In addition, ConnectWise also posted $206 million in billings last year, an impressive 96% increase compared to its status in 2014. Just what catapulted this company’s success?

More Than Just “Luck”

ConnectWise’s co-founder and chief executive officer (CEO) Arnie Bellini recently told the company’s story and how its success was a combination of several factors – not just “luck” as what some people would believe.

During the Synapse Innovation Summit held recently in Tampa, Florida, Bellini showed how his brainchild, a business management software firm, is a fine example of success. It took them years to get there, but everything was worth the effort. After several months of testing, the company finally launched their new software that features a combination of cloud monitoring, management, and business solutions, in one neat package called ConnectWise Unite.

Stemming from the roots formed by ConnectWise CloudConsole, Unite is essentially the “new and improved” expanded version that big names like Cisco and Amazon Web Services (AWS) initially tested. Unite is now used by Microsoft Azure, Microsoft Office 365, and several other vendors. Their system allows companies to streamline their platforms and operate 24/7, as well as integrate teams and processes, and even develop best practices. Overall, ConnectWise Unite allows its users to achieve the best profitability – something every company strives for.

Secrets to Billion Dollar Status – The Three C’s

Just exactly what makes a company catapult itself into a billion-dollar business? ConnectWise’s story, in the grand scheme of things, is not overly unique – other startups have found themselves in similar positive situations as well. For example, Uber reached unicorn status in just six years, while Facebook was valued at $100 billion in under a decade’s time. That’s relatively quicker than what ConnectWise went through in over three decades, but there’s a reason they stayed moderately successful for so long before booming into a valuation of over a billion dollars.

Bellini sat down with Bold Business, and discussed how the company’s focus on corporate culture, customer obsession, and an ever-growing global community all contributed to their unicorn success. In addition to his profound experience with ConnectWise, Bellini has both a Bachelor’s Degree in Accounting and a Master’s Degree in Business Administration (MBA) from the University of South Florida, so he clearly knows what he’s talking about.

“Culture is like the life force of a company,” the ConnectWise CEO explained to Bold. “When your people, your colleagues actually – not with words, but with action – invoke culture, believe culture, breathe culture, you have no problem keeping the greatest people. You have no problem attracting the greatest talent,” he added.

With some of the best and boldest minds from TechData,  the largest company in Florida, helping steer the wheel for ConnectWise, the company has gone from helping only a handful of people to contributing to the success of some of the biggest names in technology all over the world today. They now have a whopping 20,000 customers all over the globe, and they have already built offices in the United Kingdom and Australia.

Community is Key

One of the key points to their success is believing in the people and what they can do for the company. “We do have the best solution and the best platform, but we do more than that,” Bellini spoke of their company’s system behind the scenes. “We really work to create community amongst all of our customers.”

As previously mentioned, ConnectWise and its products let its users become profitable in the best possible way. On top of the software solutions they offer, ConnectWise holds a yearly conference called IT Nation, both locally in Florida, as well as in the UK. This conference allows as many as 4,000 professionals get to connect with each other and share best practices, growth hacks, and business building tips.

“The value that we create by bringing them together and creating a community of customers is as great as our software itself,” affirmed Bellini. “They learn from each other, and we learn from them. It becomes this amazing, virtuous cycle.”

When asked about ConnectWise’s success, Bellini has a humble reply, not really calling themselves “successful” per se. Despite all they’ve achieved all these years, he says the company hasn’t “even begun to go to the heights that we can,” he told Bold.

Bellini and ConnectWise’s approach is truly inspiring, continuing to thrive while creating a community both within and outside of their company.

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