Top Startup and Tech News Today-7 Things You Missed Today

Top Startup and Tech News Today-7 Things You Missed Today

1. YCombinator’s Paul Graham Now Taking Applications for Startup School 2013 (and it’s Free)

 

Beginning a startup company is not an easy thing to do, but what if there’ was a school of sorts that can teach you how to do so?  Paul Graham of YCombinator created such an institution called Startup School. The best part about it is that it’s free, making it affordable for anyone interested.

 

With speakers like “Facebook CEO Mark Zuckerberg, superangel Ron Conway, Pinterest founder Ben Silbermann, and Uber founder Travis Kalanick,” it’s guaranteed that the limited seats will fill up quickly. In order to gain access, the application due September 20 will also include telling “YCombinator about your education, work, developer tools, and ‘the coolest thing you’ve built.’”

 

The school has definitely shown some results—as Graham has written on his website: “Many founders have told us that this event was what finally made them take the leap.”

 

2. Google Announces Android 4.4 KitKat, Celebrates More than 1 million Android Activations

 

Google’s new Android software, originally rumored to be dubbed “Key Lime Pie,” is announced to be “KitKat.” While Android releases have always maintained a sweet treated title, this is the first time that it borrows a name from a famous sweets company—in this case, Nestle, their new partner.

 

The significance of passing over another generic name coincides with their goals with their million plus users. “It’s our goal with Android KitKat to make an amazing Android experience available for everybody,” Google exclaims. In addition to the newly formed partnership and the associated aspirations of both companies, over 50 million specially branded KitKat bars will be distributed with each one will leading the consumer to a special, prize offering web page.

 

3. 7 Things Going Against You as a First-Time Entrepreneur

 

Rajesh Setty, a serial entrepreneur talks about the 7 major problems that entrepeneurs need to overcome in order to be successful. The first issue mentioned is that people need to be able to see escalating friction. Just having an idea alone will not result in friction whatsoever, it’s when you start to do something about it—whether you start reflecting on the idea or bringing it to prospective clients. The main thing you must remember is to be able to understand how much friction each action will cause.

 

You must also not confuse activity with progress. “In general, any activity that cannot create value to your customers in a measurable way needs to be questioned. There is a good chance that it’s just activity leading nowhere,” Setty says. In the same vein, a lack of valuable accomplishments is an important hurdle to jump over. If the product you have is not amazingly awesome, you must build an identity to the venture.

 

Not knowing what to do is fourth on the list. This, of course, comes with experience and, for those who haven’t yet gained any, this is where you should listen to the wisdom of others who have been there. Next is called “concluding for convenience,” where Setty says to tackle problems early and head on; playing the blame game will not and does not help the venture.

 

The penultimate item on his list is “trying to fix your weaknesses fast.”  In entrepreneurship, there “is no trial run…everything is real.” Instead, it’s suggested to invest in your strengths and then to invest in a team to compensate for your weakness. Finally, don’t think that you have it all under control. Setty ends with “Entrepreneurship is a game that you win in the long term. It is a game that is beyond just you. It is a myth to think that you alone will have it all under control, however smart you are.”

 

4. The Messiah’ Gives His Reasons for Hacking Sun Ho’s Site

 

A hacker by then pseudonym “The Messiah” hacked into the website of Sun Ho, the co-founder of City Harvest Church. The hacker reappeared on a Q&A site, stating his affiliation with a group called “Anonymous Collective” and detailing the weak security of the site. “It took us less than 15 minutes to gain access,” he said.

 

The information he says he obtained and plans on exposing includes addresses, phone numbers, emails, and passwords. Due to the security leak, it was found out that the City Harvest Church had been embezzling church funds of about $50 million to fund Sun Ho’s U.S. singing career.

 

5. Top 6 Regions With the Most High-Tech Startups

 

Research was published stating that one of the biggest source of employment opportunities lie in high-tech startups. In fact, the job creation at these high-tech companies far offsets the initial destruction that occurs when startups meet with early-stage business failures.” If you’re looking for a high-tech job, where would you be likely to find a high-tech startup company? The Ewing Marion Kaufmann foundation created a list of 6 places with the most startups in the nation.

 

Denver has a large community of startups with over 500 companies—it has the sixth largest high-tech startup growth since 2011. Seattle comes in fifth, with the title of the “historical birthplace of significant IT infrastructure and business services.” Cambridge-Newton-Framingham, Massachusetts comes in fourth with a strong talent pool. San Jose-Sunnyvale-Santa Clara, California houses Google and many other similarly powerful companies. Fort Collins-Loveland, Colorado has Colorado State University—their resources and research facilities is enough to have many high-tech companies relocating here. Finally, Boulder, Colorado comes in first, with 6.3 times the national average for the number of startups it holds. This place is also praised for “its education, health, quality of life, and well-being.”

 

6. Bitcoin 0.8.4 Update Offers Security Improvements

 

Bitcoin-qt has come out with the new 0.8.4 update, trivializing bugs in the old code. The first issue in the previous version was in reference to the amount of block chain to be downloaded in order to view relevant transactions; it was possible for an attacker to overwhelm bitcoin-qt’s nodes and cause lagging or crashing.

 

This new update also fixes a security issue in previous version of bitcoin-qt. The password system would check the password by looping through each letter to check for accuracy. This meant that the more accurate a guess at the first letters of a password, the longer it would take to verify. This promotes a trial and error style attempt at guessing others’ passwords.

 

The last of the list of improvements prevents transaction attacks. These attacks could work in 2 different ways. The first allows an attacker to send an invalid transaction to one client and a valid transaction to someone else, which can allow for double spending of bitcoins. The next involves sending malicious transactions to others, causing disconnection from and harming the nodes used.

 

7. One-on-One Tutoring? Tech Startups Finally Catch On

 

InstaEDU, a San Francisco startup, allows students to connect to tutors online. InstaEDU, founded by couple, Dan and Alison Johnsoton is part of a market that is expected to grow from $11 billion to $13.1 billion in the United States between 2012 and 2015.  The idea was conceptualized when they realized how having an in-home tutor was a luxury coupled with students mostly asking for last minute help in the middle of the night.

 

Using mainly Ivy league students as tutors, InstaEDU has been able to further build on the idea of online education, allowing for quality and affordable tutors to anyone around the world. “I think it will reach more students who aren’t willing to go out of the way,” a tutor and UC Berkeley student says.

Dat Mai

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