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Reason Why Byju Raveendran Attracts Investors Towards His Learning App

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Byju’s initiated by Founder CEO Byju Raveendran is India’s largest learning app in the primary and secondary education sector. It has about 5.5 million downloads and 2,50,000 paid users.

Byju’s app is the first ever company in Asia to be backed by Chan-Zuckerberg initiative. He got $50 million from the Chan-Zuckerberg initiative. This initiative is a philanthropy platform of Facebook’s Mack Zuckerberg and his wife Priscilla Chan.

Byju’s learning app carried the title of the “largest funded edtech startup in India” and this was indeed quite a big burden to keep up to that expectation.

A year before, Byju raised $140 million in three rounds from top investors including $75 million from Sequoia Capital and Sofina in April, $50 million from Chan-Zuckerberg initiative and another $15 million from IFC.

Byju’s funding valuation has been pushed from $160 million to $500 million in 2015. He is now planning to expand his business to the Middle East countries and also to the smaller towns in India. The content team of Byju’s recently shipped its consignment to Jammu and Kasmir.

Byju’s learning app was launched in 2015, and there were as many as 7 million app downloads and also 3.5 lakh subscriptions.

Byju’s first formal class was at Jyoti Nivas College with about 35-40 students and then he had to accommodate 1200 in a hired auditorium in the same month.

The test prep market includes competitive exams like NEET, JEE, CAT, IAS, GMAT and GRE. This brings about 90% revenue for the total company.

This shows how much Byju Raveendran genuinely believes in making learning the focus of education.

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Books Every Entrepreneur Should Read In 2019

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The year is 2019 and if you are an growing entrepreneur, then certain books just have to be on your reading list. With competition being at an all time high this year, here are some books which will help you find the motivation to keep being the best version of yourself as an entrepreneur.

1. The Execution Factor: The One Skill That Drives Success by Kim Perell

Kim Perell, an extremely successful entrepreneur, creator and angel investor, believes, to become successful in life, one doesn’t need a high IQ, but needs to have the ability to differentiate between success and failure. Using this principle, Perell wrote the critically acclaimed book, The Execution Factor: The One Skill That Drives Success, outlining the 5 basic traits successful people have and how they use these traits to turn their dreams into reality.

2. The Innovator’s Dilemma by Clayton Christensen 

Perhaps one of the most relevant books for entrepreneurs, The Innovator’s Dilemma by Clayton Christensen talks about how to make the most of any situation at hand. A classic of sorts, this book also talks about how the beginning seeds of innovation are sown and how you can grow to the top from the grassroots. The Innovator’s Dilemma has to be on your reading list for this year!

3. EntreLeadership by Dave Ramsey 

Even leaders need guidance from time to time and if you feel stuck in a rut with no proper direction for the people in your company, then the EntreLeadership is the perfect book for you. With a step by step guide on how to help your business progress, while at the same time guiding people about how to lead better, EntreLeadership is every entrepreneur’s comfort book.

4. Setting The Table: The Transforming Power of Hospitality In Business by Danny Meyer 

Setting The Table by Danny Meyer is based on the simple theme of being able to serve your customers better if you know them better. While you may not be setting up restaurants like aspiring hoteliers or laying the tables like chefs at a five star, this book has everything entrepreneurs just starting out need to read. From talking about how to partner with like minded people to knowing where to look at for investments, Setting The Table is the one book which just has to be on your list.

5. Good to Great by Jim Collins 

You have reached the heights of success with your already blooming business? That is a question Jim Collins answers in his book, Good To Great. Collins not only defines, but also identifies the reasons as to why some companies soar to unparalleled heights of success while others fail to take off despite putting in the required amount of work. Studying all the recent data about how different companies have performed over the years, Good To Great maps the journey of companies which moved from nothing to something.

If you’re looking at understanding what went wrong and need motivation on how to grow to the next level, then you absolutely have to read these books. Comment and let us know if you think we missed out on any other great books like these!

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7 Books That Could Change Your Life

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A book always opens up the doors to new possibilities and ideas. You just need to be open to new suggestions. The right books will make you invincible, by providing you with gems you can not find anywhere else. Here we have a list of books which will change your life, only if you let them.

Big Magic by Elizabeth Gilbert

Big Magic by Elizabeth Gilbert is about preaching the message, we are all are inherently creative. Big Magic is a motivational and inspirational read, it makes the reader want to create something spectacular.

The Secret by Rhonda Byrne

“You are the masterpiece of your own life. You are the Michelangelo of your own life.” This is the message this book conveys. If you are ever in a slump pick this up, it is a light and easy read, The Secret will leave you with a new energy and a new perspective on life.

The Power of Habit by Charles Duhigg

Charles Duhigg takes us on a journey with this book, he includes real life examples and success stories. Duhigg employs scientific discoveries to provide us with a logical explanation about why we do, what we do in life and how to change it.

Crushing It! by Gary Vaynerchuk

The author of this book Gary Vaynerchuk writes “Are you going to be part of the revolution? My hope is that Crushing It! will be the inspiration and strategy for you to understand how it’s not only possible, but practical to do the same.” It is a self help book for entrepreneurs to build their businesses.

Startupland:How Three Guys Risked Everything to Turn an Idea into a Global Business By Mikkel Svane

Startup Land is a realistic account of how three guys dove into the startup industry. They documented their struggles and successes in this book. The story effortlessly conveys the message you just need to be you to succeed at your passion.

Four Thousand Days: My Journey from Prison to Business Success By Duane Jackson

An entertaining an inspiring story of a young man, who turned his life over after being arrested for possession of drugs. The author tells his story about building and selling his business and how he became a millionaire.

Rework By Jason Fried

A New York Times bestseller, Rework, is a business book, that is unlike the rest. Rework does not give you the same old advice, it provides you with realistic, better, faster and easier ways to succeed in your business.

Have you read any of these books? If so let us know how you liked it in the comments below!

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How Steve Jobs Convinced Tim Cook To Work For Apple

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Timothy Donald Cook, also known as Tim Cook, is the Chief Executive Officer of Apple. Cook is a well known American business executive and an engineer. Tim is behind the company which runs the most profitable business in America. Last year, Apple brought in more than $ 48 billion in net income.

Steve Jobs, the co founder of Apple, introduced Tim Cook to the company. In an interview with Bloomberg, Tim was quoted saying working for Steve Jobs was “liberating.” He added, if he had a “really big” idea, he would just simply bring it to Steve Jobs, if Jobs liked it he would just say “OK” and let Tim work on it.

“It was like a total revelation for me that a company could run like this, because I was used to these layers and bureaucracies and studies the sort of paralysis that companies could get into and Apple was totally different,” said Cook.

Tim Cook celebrates his seventh anniversary as Apple’s CEO after being with Apple for 14 years. He took over the company in 2011 after the passing of Steve Jobs. Jobs died after a long battle with cancer at the age of 56.

Steve Jobs’ desire to move into the consumer space for Apple and his lack of interest in growing financially convinced Cook to join Apple. In his first  interview in 1998 for the position, Cook wanted to join Apple within five minutes of meeting Steve Jobs. Cook was so mesmerized with Jobs charm and the way he ran the company, he resigned from his job at Compaq the next day, he did not look back from Apple ever since.

Cook adapted the role as the CEO seamlessly, he calls the job “his oxygen.” He built a reputation as a demanding boss, he holds marathon meetings, questions everything and is constantly emailing employees.

Talking about how Cook’s Apple is going to be different he said, “I love museums, but I don’t want to live in one. Steve taught us to not focus on the past. Be future focused.”

 

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