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FSW 62: Common fundraising mistakes to avoid, Profile on vertical re-commerce startup Flipper, New Long-from Interview, New Book Review, and more

Exploring the Depth of Entrepreneurship, Expertise, and Work | 21 May 2023 | No. 62

Hello there, welcome to another edition of FS Weekly

This edition features:

  • 01 Announcements
  • 03 Essays and analysis
  • 01 Book review
  • 01 Funding news
  • 01 Interview
  • 02 Recommended Readings

Workshop on Product Management. The workshop will be held on 03 June 2023 and will feature Khondoker Mashuk Ibn Mahfuz, Sr. Vice President of Product and Business Intelligence at fast-growing travel-tech startup Go Zayaan, as the workshop facilitator. Details and registration are here. I look forward to seeing you on the 03 June!

How to avoid common fundraising mistakes

  • Fundraising for a startup is to acquire the necessary capital to launch and grow the business. This capital can be used to fund product development, marketing, hiring new people, and other key business activities. The ultimate goal of fundraising is to create a sustainable and profitable business that can continue to grow and succeed in the long term.

Flipper: Building a vertically integrated re-commerce company in Bangladesh

  • Officially launched in 2021 by serial entrepreneur Sazzadur Rahman, Flipper is a Dhaka-based re-commerce company with twin ambitions: to make re-commerce mainstream in Bangladesh and to address the growing challenge of e-waste management in the country.

Book Review: The Science of Getting Rich by Wallace D Wattles

  • "The Science of Getting Rich" is a self-help book written by Wallace D. Wattles. Published in 1910, the book provides a systematic approach to accumulating wealth and achieving success. Wattles' philosophy is based on the premise that the universe is abundant and that everyone has the potential to become wealthy and successful.

Future Startup Interview: Asif Khan, Co-founder, EDGE Financial Group

  • Asif Khan is the Co-founder of EDGE Financial Group. The group runs asset management firm EDGE AMC Limited, independent equity research firm EDGE Research & Consulting Limited, and recently launched VC fund EDGE Ventures Limited. Officially launched with its asset management arm in 2018, the group has made a name for its high-quality work within a short period of time.

Bohubrihi relaunches with major updates, looking back at Shikho's acquisition of Bohubrihi after a year and a half

  • Edtech startup Shikho acquired Bohubrihi, skills and professional development-focused online learning platform, in 2021. At the time, Shikho was less than a two-year-old company with a focus on K-12 but with a bigger ambition of democratizing education in the country. The company's vision states that it wants to build a digital learning ecosystem for Bangladesh. Bohubrihi was already a several-year-old lean bootstrapped startup with a focus on skills development and a reputation for quality work.

Edtech startup Interactive Cares raises $220K in Pre-seed A round

  • Interactive Cares, an ed-tech platform based in Bangladesh, announced that it has raised $220K in a pre-seed A round from Flagship Ventures, Mohammad Maaz, US Based Blue Aura Ventures, and other strategic investors.

Links and recommendations

Youth and Age: Kahlil Gibran on the Art of Becoming

  • A roadmap to the fulfilled belonging on the other side of “the great aloneness which knows not what is far and what is near, nor what is small nor great.”

Mental Strength in Judo, Mental Strength in Life

  • “There’s a belief in Judo that “who you are on the mats is who you are off the mats.” The belief is likely as old as the sport itself and stems partially from the fact that Judo was originally designed as a form of moral and physical education, not a competitive combat sport. My pet theory for why Judo reflects one’s true self, though, is that at the end of the day, Judo is a fight, and fighting is personal and human and revealing in ways that most other sports are not. But perhaps I am mistaken; perhaps this is true for other sports, and perhaps even more so for other combat sports, but I bring this up because I believe it to be true; all the coaches I’ve had over the years believe it to be true, and it’s made everything so much harder."

6 things I wish I knew the day I started Berklee

  • "Do not accept their speed limit. You don’t get extreme results without extreme actions. Berklee classes set a pace the average student can keep. If you want to be above average, you must push yourself to do more than required. There’s martial art saying, “When you are not practicing, someone else is. When you meet him, he will win.” If you are a writer, you should not only write a song a week, but spend twice as long improving it as you do writing it.”
Ayrin Saleha Ria works at Future Startup as a full-time Research Associate. She has a background in Applied Sociology. Before joining the FS team, she worked and volunteered with a number of social organizations. As someone who comes from a social science background, she takes a deep interest in research around important social-economic challenges in our society. A voracious reader, Ayrin is passionate about working for the betterment of society, takes a deep interest in human society and behavioral science, and loves books.

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