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Future Startup Weekly 71: Confronting Failure as a Life Skill

Welcome to the 71st edition of Future Startup Weekly. FS Weekly is a newsletter about entrepreneurship, business expertise, and doing good work. If you are not a subscriber already, feel free to do it here

This week’s edition features: a deep dive into omnichannel vertical ecommerce startup Pickaboo, an interview with halal investment platform Biniyog founders, a peek into a research paper that uncovers dominant traits of successful founders, a piece on idea validation, and an eclectic list of reads from around the internet. 

Best Read From Around The Internet 

1. Confronting Failure as a Core Life Skill (Article | 5 Min)

One founder reflects on his experience of shutting down his company and why we should confront our failures instead of embellishing them as successes. “Talking about a failure like a success conveys one’s own insecurity because it inevitably sounds fake.”

Complement with: Our excellent conversation on failure with Ivdad Ahmed Khan Mojlish 

2. Just Say No to CBDCs (Article | 17 min)

A fascinating piece on how central bank digital currency would enable a totalitarian nightmare. 

Complement with: Our interview with Asif Khan, Co-founder, EDGE Financial Group

3. Raise Less, Build More ( Article | 9 Min)

A deep dive into venture funding trends and how an emerging group of founders are choosing an alternative to default VC funding and instead, focusing on building sustainable generational companies. 

Complement with: Our excellent essay and guide on Bootstrapping: observations and case studies

Future Startup Articles 

1. Pickaboo Raises New Investment, Pickaboo’s Opportunity

Learn about how omnichannel ecommerce startup Pickaboo has turned around its business and the opportunity awaiting the company as it looks to expand and grow. 

Complement with: Our deep dive into Pickaboo on unlocking new possibilities with an omnichannel e-commerce strategy

2. Shabab Shahriar Khan and Muhammad Saeedul Alam: Building a Halal Investment Platform and The Inevitable Ebbs and Flows of Founder Journey

Learn how two young founders are building a fascinating halal investment platform that connects regular people to profitable businesses.

Complement with: Our interview with iFarmer founder Fahad Ifaz

3. Dominant Personality Traits That Predict Entrepreneurial Success

What predicts entrepreneurial success? What separates successful founders from the ones who don’t succeed? Learn about a set of personal characteristics that indisputably and unarguably predict both entrepreneurial intentions and guarantee entrepreneurial success. 

Complement with: Our fascinating interview with Syed Javed Noor

4. Some Thoughts on Startup Idea Validation

At the heart of idea validation: you should spend time understanding that there is a need for your product in the market. The best way to understand it is through talking to your customers, as many of them as possible. Learn how to do it effectively. 

Complement with: Our excellent interview with Dorik Co-founder Mizanur Rahman

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 [email protected]

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