future startup logo

FS Weekly 56: Motivated reasoning, review of Think and Grow Rich, new interview series, and more

Entrepreneurship, Technology, and Society | 11 February 2023 | No. 56

Hello there, Welcome to another edition of FS Weekly. I'm Ruhul. I convene Future Startup Weekly to help you understand entrepreneurship and the technology landscape in Bangladesh and beyond.

This edition features:

  • 1 founder interview
  • 02 Essays and analyses
  • 01 company deep dive
  • 01 Bookworm
  • 01 Fundraising news
  • 03 Recommended readings

First, FS Talk February 2023 will take place on the 25th Feb. The always excellent founder and CEO of iFarmer Fahad Ifaz will share his journey and lessons at the event. It is a free event, but you have to register to get an invitation. Details and registration are here. I look forward to seeing you on the 25th!

Future Startup Interview

AHM Modasser Billah
AHM Modasser Billah

Reflections and Ideas: AHM Modasser Billah, Senior Back-end Developer, Doist

AHM Modasser Billah is a Senior Backend Developer at Doist, the company behind popular productivity and work apps such as Todoist and Twist. Before joining Doist, he worked at BriteCore, a US-based insure-tech company. Before that, he worked as a Consultant Software Developer for the National Enterprise Architecture under LICT. Trained at BUET in computer science, Modasser takes a deep interest in the ideas of remote work, a growth mindset, and continuous learning. Read.

Startup Marketing Services

Our brand partners for content and newsletter ads keep us going all year long. Click here for info.

FS essays and analyses

1. Motivated reasoning is a major cause of startup failure

One common human problem is our inability to evolve. We develop identities and then we work hard to protect our identities.

2. Creation vs consumption mindset

There are two dominant mindsets in today's world: the creative mindset and the consumer mindset. The creative mindset is where you operate from a generative principle, you build and contribute and find happiness and fulfillment in doing creative works. The other is the consumer mindset, where you seek pleasure, entertainment, and so on. These are two distinct ways of life. In fact, they are two opposing views about the world. One view is more useful than the other.

Company deep dive: Farmer

iFarmer is a Dhaka-based agri-tech company that aims to provide end-to-end solutions for smallholder farmers. Read our coverage of iFarmer and multiple interviews with the iFarmer founder here.


Book Review: Think and Grow Rich by Napoleon Hill

Think and Grow Rich is a personal development and self-help book written by Napoleon Hill. Published in 1937, the book teaches readers about the importance of a positive mindset, goal setting, and persistence in order to achieve financial success. Read.


ShopUp gets $30 million in debt financing to fuel expansion

ShopUp, the largest full-stack B2B commerce platform in Bangladesh, announced today that it has secured $30 million in debt financing. The company plans to use the investment to drive expansion efforts and strengthen the company's supply chain operations, benefiting small businesses and consumers across the country.

Outside FS Ideas

A few interesting reads I enjoyed last week from across the internet.

One of the best things I have read online in a while. An advice letter from a father to his unborn daughter. Read.

The Cup of Coffee Theory of AI. Read.

Why Is Everyone So Boring? Read.

Mohammad Ruhul Kader is a Dhaka-based entrepreneur and writer. He founded Future Startup, a digital publication covering the startup and technology scene in Dhaka with an ambition to transform Bangladesh through entrepreneurship and innovation. He writes about internet business, strategy, technology, and society. He is the author of Rethinking Failure. His writings have been published in almost all major national dailies in Bangladesh including DT, FE, etc. Prior to FS, he worked for a local conglomerate where he helped start a social enterprise. Ruhul is a 2022 winner of Emergent Ventures, a fellowship and grant program from the Mercatus Center at George Mason University. He can be reached at ruhul@futurestartup.com

In-depth business & tech coverage from Dhaka

Stories exclusively available at FS

About FS

Contact Us