What do Reddit, HootSuite, Quora, Foursquare among many others have in common? They were all victims of the Amazon Cloudburst which took place last week rendering the complete outage of the above services for a few hours. This resulted in a massive loss in productivity and business opportunity for these businesses that have rented Amazon’s cloud computing services to store and showcase massive amount of content. Amazon, the world’s largest online shopping store, launched its cloud computing business in 2006 on a pay per consumption model. Amazon Web Services provides inexpensive, customizable and scalable data hosting services to scores of clients who otherwise would have found it difficult to internally host their data on their own servers because of the exorbitant costs involved. Amazon’s... Read More →

Watch-out for these common mistakes, post fund raising You have successfully raised funds, be it bank loans, friends & family, Private Equity/Venture Capital OR IPO. Fund raising is definitely an important event and one must pride in successfully closing one, but this is not the end of your entrepreneurship journey. This actually marks an important starting-point. You will now be judged on the performance going forward. Look for following common mistakes many entrepreneurs make, and avoid them before it is too late. Fund Raising is not equal to Cash Profits: Do not equate Fund Raising to generating more Revenues and Profits. So be very careful with costs, especially after Fund Raising. You now need to service higher capital base from the profits you generate. Avoid Showbiz: There is no... Read More →