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Share Electronic signature Presentation Secure. Check out the most consumer-pleasant exposure to airSlate SignNow. Manage your entire papers finalizing and discussing process electronically. Move from hand held, pieces of paper-dependent and erroneous workflows to programmed, computerized and perfect. It is simple to generate, supply and sign any documents on any device anywhere. Ensure that your essential enterprise situations don't slip overboard.
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FAQs
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Is ticking a check box for an online contract like a signature in the USA?
In the U.S., ticking a checkbox routinely is considered evidence showing that a user has accepted online terms and conditions. (Please see Online Terms can be Binding, even if You don’t have to Click!)This is, indeed, similar to a signature on a hard-copy contract being evidence showing that a party has agreed to that contract.
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How do I manage safe and convertible noteholders when raising my series A?
How do I manage SAFE and Convertible Noteholders when raising my Series A? The proliferation of SAFEs and Convertible Notes the past few years has given rise to a new problem when raising your Series A financing – “party rounds” with a lot of stakeholders who prove difficult to manage.More and more, we are seeing Series A companies with a signNow number of outstanding converting securities. The range for Series A financings we have worked on in 2017 and 2018 has been anywhere from twenty to sixty converting securities, with the majority being SAFEs. Total Seed financing has increased such that the range we are now seeing is a couple of million dollars up to ar...
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What are the best altcoins (June 2019)?
Litecoin is the best Altcoin to posses. It is the fastest rising cryptocurrency after bitcoin.3 Reasons to Buy LitecoinWe've entered the age of digital currency. Bitcoin has gone from relative obscurity to being a household name. In December 2017, the coin smashed its way through the $19,000 barrier like an angry bull in a china shop.Bitcoin’s dominating presence tends to drown out its contenders. But there are actually quite a few other digital currencies that investors should pay attention to, too.Of these, a handful is poised for dynamic growth. And we published this report to talk about one of the most promising: Litecoin.In 2017, Litecoin skyrocketed alongside many of its digital currency peers, hitting highs near $400 before retreating because of regulatory pressure from many countries.Litecoin was the third currency that investors could purchase on popular digital currency exchange Coinbase. And now, a hyped-up digital currency public has some questions:What is Litecoin?How is it better than Bitcoin?How do you invest?Over the course of this report, we answer those questions. And we start at Litecoin’s humble beginnings...What Is Litecoin?In October 2013, former Google engineer Charles Lee introduced the world to a new altcoin: Litecoin.The coin was introduced as the silver to Bitcoin’s gold, and Lee promised that the digital currency would fix many of Bitcoin’s problems.At the time that this report was written, Litecoin has a market cap of over $9.67 billion. And Litecoin’s technology makes it one of Bitcoin’s most aggressive competitors. If you evaluate the two currencies from the surface, they could be twins because they share dozens of valuable characteristics.Like Bitcoin, Litecoin was created to provide a peer-to-peer transaction system. It allows individuals to make payments or transactions anywhere in the world with relatively low fees.And like Bitcoin, Litecoin is decentralized. There's no centralized authority, building, or headquarters for it. The currency flows freely on the internet.What this means is it's far more secure than paper currency. Because no government can regulate or overproduce it, Litecoin’s value rests in the hands of the people.Like almost all digital currencies, litecoins are produced through a process called “mining.”Miners use computers to process Litecoin transactions, which are presented as algorithms that the computers must solve.When the computers solve the problems, more litecoins are added to the network and the miners are rewarded with their shares.There is a fixed amount of litecoins in the world — the volume of litecoins can never exceed $84 million. After we signNow that point, the currency has the ability to be broken down into minute payments.The mining process and the currency’s finite cap shield Litecoin against hyperinflation.Bitcoin, like Litecoin, also has a finite supply, is produced by mining, and is a money for the people. That being said, there are some ways in which Litecoin is different from Bitcoin...And it's from those differences that Litecoin gleans its value as a digital currency...Why Litecoin Is UniqueBitcoin was the first digital currency in the world, and that has given it a leg up on the competition. But Bitcoin’s early arrival is also the source of many of its shortcomings.Today, the developers behind major digital currencies have identified Bitcoin’s weaknesses and have altered their currencies to fix the issues.This means that even though Bitcoin was the first one to use certain technologies — specifically a groundbreaking technology called blockchain — the currencies that followed might use the technology more efficiently...1. The Better BlockchainBlockchain technology is the foundation of all digital currencies. Envision it like this...Every time a transaction or exchange happens in a digital currency network, the information involved with that transaction is recorded in a “block.” Each of these blocks is added to the continuously growing blockchain.Anyone on the network has access to the information in the blockchain. This means that transactions are public knowledge, even if the users remain anonymous. Users are only tied to the transactions taking place on the blockchain through an electronic signature that offers a fair degree of anonymity. This framework also makes digital currency very secure.Even though both Litecoin and Bitcoin use blockchain technology, Litecoin has a far faster transaction speed with a transaction being confirmed every 2.5 minutes, compared to the 10 minutes it takes to confirm a Bitcoin transaction.This appeals to both users and merchants who want faster transactions.With Litecoin, you get both security and speed.And this speed just kicked up a notch.On May 10, 2017, Segregated Witness (SegWit) was activated in the Litecoin blockchain. SegWit is the process in which blocks in the blockchain are made smaller by the extraction of signature data from transactions.This process allows Litecoin to process lightning fast payments.The first of these payments happened on May 11, 2017. Money was sent from Zurich to San Francisco in under a second.But Litecoin is valuable because of more than just its speed. It also has widespread consumer appeal...2. A Love of Rounded NumbersIn the world of digital currency, the number of coins that can exist is finite. There can never be more than a certain amount of bitcoins in the world, and the same applies to litecoins. But the total amount of coins that can exist varies by digital currency.This actually works in Litecoin’s favor. Litecoin will eventually have more coins on the market than Bitcoin. And that appeals to consumers who want a simple, effective digital currency.A study by Dr. Judith Holdershaw, a senior lecturer at Massey University, concluded that 57% of retail shoppers opt for a product with a rounded price. Even more telling, 4% of those customers paid more just to round up the price. The proof is in the pudding: People like to pay with full numbers.This could explain our aversions to pocket change and loose bills.Because there will be fewer bitcoins in circulation, they will have to be broken down into decimals. That means you will end up paying 0.002 BTC for a cup of coffee.Since more litecoins can be on the market than bitcoins, it's more likely that people will be able to buy commodities with whole numbers...3. Simpler AlgorithmOutside transaction speed and volume, there's another key difference between the two currencies: the algorithms.For those of you who are completely new to digital currency, digital currencies are composed of codes.In the case of Bitcoin and Litecoin, those codes use two different algorithms.Bitcoin uses the SHA-256 hashing algorithm, and Litecoin uses a scrypt-hashing algorithm.Now, both of these algorithms are powerful. But over the years, the SHA-256 has made it more and more complex to get bitcoins through the mining process. Bitcoin miners have to employ increasingly complex technology to extract a relatively small amount of bitcoins.Litecoin’s scrypt-hashing algorithm makes it easier for miners to access the system.And the simplicity of Litecoin mining could actually steal Bitcoin miners. It's true that Bitcoin is worth signNowly more than Litecoin, but most Bitcoin mining is carried out by supercomputers. The algorithms have become too hard for everyday miners to crack.This means that many miners who are tired of struggling over Bitcoin may end up transitioning over to Litecoin...How to InvestIt's clear that Litecoin will be a powerful digital currency. Of course, it’s still too early in the game to speculate on what tender will win the digital currency race.In fact, there could be no winner. The future financial system could operate through the use of dozens of digital currencies. And Litecoin will likely be one of them.
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Should I buy top coins (ETH, LTC, BCH, XRP, etc.) now (September 2019) instead of buying BTC?
I think you buy those other coins at your own peril. Litecoin went from a high of over $300 and then crashed with all the others. Only bitcoin is regaining a major share of its previous high. Litecoin recovered up to $140 and was supposed to do well with the halving. The only ‘halving’ occurred on its price as it is now in the $70’s. (now $65) Its manager said no new development has been going on for months now.XRP is an investment ‘joke’ as it is designed to be a stable coin so how will that appreciate for you in the future? It had a high of $3 and now less than a tenth of that. 10% recove...
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What are some great free online tools for entrepreneurs?
There’s quite a lot out there, depending on what you’re looking for :)Some free online tools (in no particular order):Dropbox. Save and share everything.Evernote. Best note app ever.FreePik. Find thousands of free images.SurveyMonkey. Create surveys to gauge customer feedback.Rapportive. Useful tool for Gmail that allows you to see other people’s social media profiles.Trello. Project management made simple.Slack. Work communication simplified.AdCat. Allows you to use a single picture to get perfect-sized, up-to-date ad images for Facebook, Instagram, and Twitter. Free.Easel.ly. Great infographic generator for creating attractive content. Engaging content is vital for attracting audiences.Google Analytics. See who’s coming to your site and from where, among many many other awesome functions.Sidekick. Awesome email tool that tracks when emails are opened — super useful for proper follow-ups.Hotjar. Recordings of users on your website. Amazing to understand user behavior, which drives marketing strategies.Hootsuite. For social media management in one easy to use dashboard.Leadin by Hubspot. For lead management.Ahrefs. Powerful SEO tool.Later. Instagram consistently shows amazing engagement with users. This tool manages scheduling for you.Crowdfire. Great tool to figure out who to follow on social media for optimal engagement.BuzzSumo. Analyze what content performs best.Social Rank. Allows you to see which are your most valuable followers.UberSuggest. Free keyword suggesting tool.LinkMiner. Free tool for the link building strategy.JustsignNowOut. Finds journalists interested in covering you.Keyword.io. Free keyword research tool for SEO.MailChimp. To run automated email campaigns.Optimizely. A/B testing to optimize your website.Google Trends. Shows how often a particular search-term is entered.TweetDeck. Owned by Twitter, it makes discovering content easily digestible and allows you to find the topics and people you want.Title Maker. Content idea generator.Explore. Get to know what’s trending.Engage Master. Convert visitors to customers.Startup Bootstrap. Website building templates.Submit.co. Get press for your startup.SumoMe. Tool set to grow your website traffic.Quip. View documents on any device.Atomic Squirrel. Startup checklist.There’s tons more out there depending on what you are looking for specifically. I’m happy to update and reorganize if you need more :)Disclosure: I’m working on AdCat.
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What are the regulations for online beer sales in the UK?
Selling online: an overview of the rulesThis is an edited version of a guide for businesses.E-commerce TMT & Sourcing TMT Retail Education UKThere has been a steady growth in the variety and volume of goods and services which are available on-line to both businesses and consumers, and on-line selling is increasingly seen as a major way for all businesses to save costs. Almost inevitably, as the practice of on-line selling proliferates so does the amount of legislation governing it. This article provides an overview of the law governing on-line sales in the UK and an analysis of the issues that a business should consider before setting up an on-line sales process.The law governing online salesThere are two distinct types of legislation that affect on-line retailers. Firstly, traditional consumer protection regulations apply to all consumer sales made on-line. These regulations are well established, but it is important to remember that they apply to on-line retailers as much as they do to traditional ones. Secondly, there are regulations designed specifically to deal with problems and issues facing retailers on-line.Traditional consumer protection regulationsThese protect purchasers and consumers whether they are buying the goods over the counter of a shop or over the internet. For instance the Sale of Goods Act gives certain rights to purchasers about the quality of the goods they receive, and their rights if the goods fail to live up to these standards. The Consumer Credit Act protects consumers' rights when they enter into an agreement for someone to provide them with loans or credit facilities including circumstances where they buy goods or services using a credit card. The Unfair Terms in Consumer Contract Regulations protect consumers' rights where they enter into agreements with retailers who try to impose unfair terms in the agreement. There are also numerous other pieces of legislation, many of which will apply to different contract and product types.Online regulationsThese regulations are new, and were brought into force largely to protect consumers' rights when they buy products either over the internet or by telephone. They largely derive from EU Directives, and include the E-commerce Regulations , the Distance Selling Regulations and the Electronic Signatures Regulations . These are the regulations that control the actual on-line sales process and they provide the starting block from which we can consider the practical business requirements of on-line retailers.Although the traditional consumer regulations are important for all sales processes, this article focuses on the on-line regulations and how they affect the various stages of the on-line sales process. The next five sections take you through what the regulations require including information that must be provided to a purchaser, the use of electronic signatures, contract formation issues and ensuring your contract is legal.Information that must be suppliedThe various regulations share a central theme: companies should not hide themselves from purchasers, and should provide as much information to purchasers as possible.Company information that must be supplied under the E-Commerce RegulationsThe E-Commerce Regulations require that all commercial web sites make the following information directly and permanently available to consumers via the website:the company's name, postal address (and registered office address if this is different) and email address;the company's registration number;any Trade or Professional Association memberships;the company's VAT number.All of this applies regardlessof whether the site sells on-line. In addition, any commercial communication – that is any email or even SMS text message – used in providing an "Information Society Service" must display this information.The E-Commerce Regulations also require that all prices must be clear and unambiguous, and web sites must state whether the prices are inclusive of taxes and delivery costs.Contractual information that must be supplied under the E-Commerce RegulationsWhen it comes to actually going through the contractual process the requirements for information increase once again and the consumers must be told:the steps involved in completing the contract on-line;whether the contract will be stored by the retailer and/or permanently accessible;the technical means the site uses to allow consumers to spot and correct errors made while inputting their details prior to the order being placed;the languages offered to conclude the contract;The website must also provide links to any relevant Codes of Conduct to which the retailer subscribes and set out the retailer's Terms and Conditions, in a way which allows users to save and print them.All of this information must be provided before the purchaser selects the product and starts the contractual process and it is possible to convey it early on in the sale, without deterring users with an unwieldy sales process. The most common route is to bundle as many of these details into the terms and conditions as possible, and ensure that consumers are appropriately directed to read them.Information that must be supplied under the Distance Selling RegulationsThese Regulations set out the information which must be provided to a consumer prior to the conclusion of the contract.The information must be provided in a clear and comprehensible manner which is appropriate to the means of distance communication used. This means that the information can be set out on a web page, provided that the information is brought to the attention of the consumers before the contract is entered into. The information to be provided includes all of the information which a supplier should, in any event, wish to provide in relation to:the identity of the supplier;the main characteristics of the goods or services;their price;arrangements for payment and delivery; andthe existence of the right of cancellation created under the Distance Selling Regulations.Information that should be set out in the terms and conditionsThe terms and conditions should:make it clear who is selling the product, together with the geographical and email address;describe clearly what the customer is getting and what it will cost, including all taxes and delivery costs; andidentify the arrangements for delivery of the product.The terms and conditions of the site are very important, and will vary for every retailer. It is important that the terms and conditions are properly drafted, as poorly drafted terms and conditions will expose the retailer to unnecessary risk.Electronic signaturesThe Electronic Signature Regulations apply to any contract and not just those entered into with consumers. In order for there to be a binding contract the following essential elements of a contract must be present:an unconditional offer;an unconditional acceptance of that offer;consideration passing from both parties other than in Scotland where consideration is not a requirement; andan intention to create legal relations, i.e. the parties must intend to enter into a legally binding contract.There must also be certainty as to the terms, parties and subject matter of the contract. For the majority of contracts there is no legal requirement for a signature.Whenever a person buys or sells something he or she is entering into a contract, no matter how small the purchase. In the newsagents, when a person buys a newspaper he or she contracts with the newsagent for the purchase. The newsagent makes an 'Invitation to Treat' by placing the publication on sale. The person offers to purchase it from the newsagent, proffering money, and the offer is accepted (concluding the contract) by taking the money. This is still a contract, although not a word needs to be said, and nothing is written down. However, the essentials of a contract have been formed: an offer (to buy, or sell), an acceptance of that offer, and (everywhere except Scotland) consideration (whether money being paid, or some other form of consideration) for the sale. The various stages of the contractual process will be discussed in more detail later, as it is important to distinguish between who is making the offer and who is accepting it.Signatures are not actually necessary for the conclusion of every contract (your visit to the paper shop could become a chore), but they can have three essential functions when we consider on-line contracts:To identify the person who has bought the product;To indicate a personal involvement, or trustworthiness; andTo indicate an intention to be bound to the contract.The principal, and simple effect of the Electronic Signature Regulations is to make electronic signatures legally valid. Most of the discussion, and further interpretation of electronic signatures actually comes from a report published in December 2001 by the Law Commission entitled "Electronic Commerce: Formal requirements in Commercial Transactions", and in subsequent guidance from the DTI.Depending on exactly what is being sold the method of collecting the electronic signature will vary. In most cases, the function required of the electronic signature is the third one listed above – indicating that the purchaser is making an offer to contract. However, for more complex products being sold on-line, for instance financial services products, the role of the signature may become more important for one or both of the first two reasons.Depending on the value and/or importance of the transaction the parties may want a greater degree of certainty as to reliability of the signature. This may involve the use of public key infrastructure, for example.Contract formation issuesThe main issues considered in this section are how, when and where the contract is formed. This involves an analysis of the contract formation procedure based on the principle of offer and acceptance and the significance of the "country of origin" principle.The offer and acceptance procedure onlineStep 1: Establishing the offer and acceptance procedureThis is where the E-commerce Regulations can be used to the seller's advantage. It is possible to sell on-line and take payment by credit card without concluding the contract on-line. The solution is to provide that the customer is making an offer on the site and that the contract will be formed only if the customer's order is accepted – and that taking payment from the customer's credit card does not indicate cceptance.On-line merchant accounts provide for making refunds to a customer's credit card. Therefore, the terms should explain that, while the customer's card may be debited before the contract is formed, if the customer's order is ultimately rejected, a refund will be made immediately.Step 2: Completing the order formThe customer is taken to the order form where he completes the quantity of goods and his delivery details. It would be good practice to offer three buttons: submit, clear and cancel. The "clear" button is needed because the E-Commerce Regulations require a means for the customer to correct any errors.Step 3: Incorporating the terms and conditionsAt the bottom of the terms and conditions page the purchaser should, ideally, be required to check a box to indicate that he or she has read, understood and accepted the terms and conditions, before clicking the "Accept" button. The "Accept" button should not work until the box has been checked. Equally the page should be designed in such a way that the consumer cannot check the box and click "Accept" until the page has fully loaded onto the screen. By doing this, you improve your position in the event that a purchaser claims there was no opportunity to read your terms.While there is no responsibility on the retailer to ensure that the consumer has in fact read them, following this procedure will demonstrate that reasonable efforts have been made to bring them to purchasers' attention. The terms and conditions should be in a format that can be printed or saved – therefore avoid pop-up windows and ensure that they fit within the width of the page and are presented in a way that they will print properly.It is wise to also include a term like the following:"By clicking the 'Accept' button you agree to these terms and conditions. By completing and submitting the following electronic order form you are making an offer to purchase goods which, if accepted by us, will result in a binding contract."The words, "if accepted by us," are very important.This approach is the suggested 'best practice' approach for relaying the terms and conditions, and ensuring that the consumer has read them. However, it is not the most consumer friendly approach to present the purchaser with a screen of 'small print' in the middle of what, to the consumer, was an otherwise normal shopping experience. Therefore a number of on-line retailers adopt a second-best approach, which is to include a link to the terms and conditions, and make the consumer tick a box to confirm that they have read and accepted the terms and conditions, before they click the main button to buy the product. This approach, while not as legally secure, is probably acceptable in a number of purchasing models.Step 4: Taking the consumer's credit card details on-lineAt this stage, the user should be taken to the page on a secure server where his credit card details are taken. This page should state: "Your card will be debited with the sum of £X when you click the Submit button. This will be refunded if your offer is refused." Repeat the choice of submit, clear and cancel.Step 5: Acknowledging receipt of the orderWhen the card details are validated, the E-Commerce Regulations require that you give the customer an acknowledgement page and send an acknowledgement email. This should not confirm a contract; it should instead confirm that the order has been received and that the order is being "processed". It is helpful to give the customer an order number at this stage so that he or she can chase-up any problems. It is good practice, though not legally required, to ask the user to click a button on a confirmation page to indicate that he has read the confirmation – e.g. a "Continue" button, linking to the homepage of the site.Step 6: Providing confirmation of the information provided and the right to cancelThe Distance Selling Regulations now require the supplier to provide the consumer in writing or in another durable medium confirmation of the information provided prior to the conclusion of the contract and details of the right of cancellation. Generally a consumer has a period of seven working days within which to cancel the contract and return the goods to the supplier. The only cost to a consumer will be the cost of returning any goods received by it to the supplier.A consumer will not be entitled to cancel a contract after it has been entered into, where the supplier has commenced the provision of services with the consumer's agreement prior to the end of the cancellation period then the consumer will not have the right to cancel the contract for the provisional services. However, in order to benefit from this exception, the supplier must have advised the consumer that the consumer will not be able to cancel the contract once the performance of the services has begun with the consumer's agreement.It is not possible to contract out of the Distance Selling Regulations. Any term which attempts to do this will be void to the extent that it is inconsistent with the provisions of the distance Selling Regulations.Step 7: DeliveryFinally, dispatch the goods. If a typo mislabelled an item costing £200 at £2 and someone ordered 500 of them, the site could politely – and legally – refuse the order. This is because by following the procedure set out above the dispatch of goods is in effect the acceptance of the offer made by the consumer at the start of the process. Until this point there has been no acceptance and only an acknowledgement.The "country of origin" principleThe E-commerce Regulations apply a "country of origin" principle. In its simplest form, this means that as long as a UK business complies with UK laws, it can "ignore" the laws of other Member States. In general terms this is a definite bonus for on-line retailers. However, recognising that such an approach would be bad news for consumers, this basic rule is qualified.The E-Commerce Regulations do not apply the country of origin principle to the terms of consumer contracts. In practical terms, this means that a UK-based e-commerce site's terms and conditions should meet the laws of every Member State in which consumers can buy its products, not just UK laws.As a result of the consumer contract exception, any site selling to French consumers must provide its terms and conditions in French – otherwise they may be considered invalid. If selling into Denmark, consumers must be given a 14 working day cooling-off period during which the consumer can change his or her mind about the purchase and return the goods for a refund. In the UK, the cooling-off period is only seven working days. These are only examples, of course there are many other differences.Despite this signNow qualification, there are still advantages in the Regulations' country of origin principle that can benefit a UK-based business. For example, the UK's retail laws are among the most relaxed in Europe. This can give UK businesses advantages over, say, German competitors. A German e-tailer must comply with any German restrictions on promotional offers; its UK rival escapes such restrictions, even when selling to German consumers.Ensuring your contract is legalIt is important for e-commerce retailers to ensure that the contract which is formed with the consumer under the process described above is both legally correct and also affords the retailer the maximum protection. There are various ways in which the contracting process can be structured to be legally correct, and it is important to balance absolute best practice, and a more commercial approach which is still legally correct. Equally, it is surprisingly easy to structure the process in a way which is legally incorrect, and which exposes the company to more risk than is necessary.
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How was Balaji Viswanathan's overall experience attending the Global Entrepreneurship Summit 2017 held in Hyderabad, Where his I
Honestly, it was overwhelming. Things went truly viral and we were completely unprepared. We were so unprepared that we left the arena while there were important dignitaries trying to talk to us. Thanks to all of you for making this magical and thanks for your wonderful compliments.I was just a few feet from Mr.Modi as we entered the place and it was an amazing feeling. Someday I will get to talk with him. And Ivanka was probably the most beautiful woman I have met. We just joke that even our robot went giddy infront of these amazing personalities. Top entrepreneurs like Ritesh Aggarwal [founder of Oyo] walked up to us to congratulate and it was a magical feeling.The highlight of the whole thing was Amul making its signature billboard with our robot. I feel humbled by these billboards.We were truly excited by Shri Modi’s and Ms. Ivanka’s expression and the thousands of snaps that were taken along with hundreds of media coverage we got. The PM tweeted about it and his office featured the bot in their homepage.Yesterday in Finland at the Slush event a founder of a European company building robots walked up to me after recognizing the Mitra and talked about partnership in taking our robots to the European market. That felt elating [inspite of the fact that the product was not in the perfect shape especially after disassembling for the flight]. Many Finnish people took selfies with the robot to put it on their timeline and that was great.We also had a delegation from Japan’s Olympics committee visit our office to explore robots for the upcoming Tokyo Olympics. These sales might or might not happen in reality, but it felt amazing to imagine that Europe and Japan could buy products from India not for cost, but for uniqueness.To our well wishers:I’m humbled by your comments and it comes as a great boost for my team that has been tired and dazzled from months of hard work. Everyone in my team come from humble backgrounds and are out to prove something big and this comes as a shot in their arm.They worked day in and night to get the models going. We faced a number of setbacks. A model made in China never came home as it is stuck in Chennai customs for 2 months. A clay model we made had several inaccuracies and could never be completed. An android device we planned didn’t support our code base and we had to go for a quick fix with another tablet. Logistics went crazy and so did a million things.There were many hands that went in. Our CTO Bharath built the overall mechanics and everything to get it moving. He was helped by our production engineer Ram and Salman who helped in the structure. Our BDM Kaundinya pulled off this event and got our robot in after our COO Mahalakshmi was invited as a delegate for the event. Mahalakshmi and her brother Sudarshan did the whole supply chain and logistics for getting all the components. Her father helped us secure funding resources to sustain the R&D.Our electronics engineers Murali, Raushan and our new hire Spandana helped in building the circuit boards and making the electronics work. Our software engineers Ashwin, Anand and Sreejit made the entire stack. Our project manager Amit made sure the things went on schedule. and Our clay modeller Mr. Angappan helped us prepare the final fibreglass body. Our designers Vinay Rao and others at Bang Design helped us design the body. And journalists like Ranjani Ayyar and Nilesh Christopher spent time understanding the product to build an accurate story.And a special thanks to Kishlay Raj and his team at Sumeru. Their CEO and CTO gave their team’s personal time to finetune the underlying product. While we couldn’t showcase Hindi language NLP in the limited time it is a part of the product that we would sell.It took the whole village to put up this show.To the general public:Just to clarify, it was not any approval from the Indian government for being best startup or anything. And it didn’t involve me using any connections or favours. The event organisers were looking at something unique for the event. They were set on a large, humanoid robot to move around and greet the dignitaries and ours was the only one in the market - not just Indian - that could do so. We have done many events across India with our robots and we had worked with the event organisers before.A few days before the event, our robot was even cancelled for the event due to security reasons etc. Then we got back in the game once the senior leadership Wizcraft [the organisers] realised this was Made in India and they wanted to encourage such a product. And being a poor bootstrapped startup, they recognized the need to encourage entrepreneurship of all kinds. We got to this place without any angel/VC money.We have had many successes so far this year. Nasscom put us in a number of top events - including letting us pitch to the Japanese delegation at the Ministry of IT earlier this month. We were among the top 50 startups chosen by them and were in almost every top Nasscom event this year. We were also invited as a part of the Indian delegation to China and close to closing a big order there.We have also worked with Thub and had the honour of presenting a PoC to the global leadership of Novartis who came to Hyderabad earlier this year.To our critics:A few people on the Internet trolled us saying this looks like 70s toys, 90s toys, children’s project etc. I’m used to getting trolled and don’t mind criticism on me. But, since you guys were abusing the work of a group, I’m forced to respond in kind.I just ask them if it were that easy to make our product, why was there never a robot in a major Indian event so far? Why didn’t they make it and take all the honours? Why are you reading about an Indian robot doing such a thing for the first time? And why are there no global product companies from India, if making hardware is a child’s game? Think about it.People who never make things are usually the ones who underestimate the complexity that goes into a product. If you have never made things, you won’t know the pain of making.People said I pulled my connections. The event organizers don’t know anything about me and neither does anyone at BJP’s top brass or the US government that sponsored the event. Our event participation was pulled off by our excellent BDM and I had little to do with it. The event organizers would draw a blank if you ask them who Balaji is.Some people said I should learn from Elon Musk and Steve Jobs in how not to make shitty product. With due respect, I studied business history more than most of my critics. Jobs and Musk are geniuses. But even the geniuses start with more achievable targets. Elon Musk started with a product like this: Yellow Pages. Steve Jobs started with a product like this: Apple I. Honda’s Asimo started this way: Honda E1. Benz started this way: karl benz. Our own amazing ISRO guys started like this: The Story of How ISRO Defied All Odds To Put SatellitesGreat looking products don’t sprout in thin air. They are a result of years of work, starting with more modest looking creations. You cannot become an adult without starting as a fetus.We are trying to prove that there is a mass market for humanoids. It would be suicidal for a company of our stage to worry about a perfect product. Ours is more like a fetus and we are trying to keep it nourished and nurtured for a grand future.A few more critics said we should have been embarrassed to put such a product. Predictably none of those are entrepreneurs or someone who have created something. Because, real creators and entrepreneurs don’t worry about breaking things. Taking risk is what we do. Rather than an embarrassment, I would feel elated for my team even if it had not even started moving.The challenges:Try moving a 50kg, 5 feet tall object through varying terrain in a noiseless, smooth way without tripping and you will understand the physics behind the design. And with a battery life to last hours of rehearsals. It is a non-trivial piece of engineering with suspension systems that my team created. From the fiberglass body to the internal structure, everything was made here.We built the hardware, software and electronics for this. We built 9 prototypes this year. We are bootstrapped and have done all this hardware investment without any external funding. And while we didn’t show its real capabilities in the GES event [too risky to try] our robots can move autonomously and that what the funky head antenna is for. We integrated NLP tools and face recognition APIs and those are non-trivial things. And over the years we iterated a million times to get things better and better.Of course, there are plenty of inaccuracies and faults. This was handmade and in a very short span of time. But, the team has gone through enormous things to get this far, from where we started earlier this year.Developing product in India is hard. Making everything in India is hard. Making such a large object is hard as the mould costs multiply and the complexity goes as a square of that. Talk is easy, getting the stuff work on the floor is hard and why these don’t happen often.I’m not saying that our product is perfect. I’m saying the product is perfected and we will get there someday. If we keep worrying about breaking things, we are not a startup.In conclusion:I’m not saying we are India’s best product or even India’s best robotics company. The GES event was not about that. They wanted to showcase entrepreneurship at an early stage and a product that fit their needs. Large finished products come from large companies, startups backed by billionaires or at least startups with large venture funding. GES thought having a product from a company that didn’t fit any of these categories above and supported by no one was worth doing.Hardware in India will sprout only when difficulties of building hardware is understood and its complexities appreciated. Everyone says they or their grandmother or their child could have our product. But, they didn’t. Only our team did. And it is much easy imagining doing a product than doing it.Is the product overhyped? Maybe. Was there luck involved. Yes. But hey for a bootstrapped startup that has been teetering on brink of bankruptcy and has had more than its share of misfortune this year, I would not mind a little luck. Would you? Peace!
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