Why Good Workers Quit Startup Jobs
Good founders know that you can’t build a successful startup without top-tier talent on your payroll. But how do you make them happy?
ISL is a UK talent consultancy that prepared a report that dives deep into the reasons why people leave startups.
They surveyed 200 people who moved roles at different UK startups in the past few months. They included people of different work experience and age. Around 75% of surveyed people were men.
As you can imagine, not getting paid enough is a big reason why people leave startups. 72% of respondents said that they quit partially because they weren’t happy with their salary and reward packages.
Career progression, or lack of it, is another reason why people quit. Workers in the startup world want a development plan with clear targets. 79% of people in the survey said that not being happy with their career progress was one of the reasons they quit.
The last but certainly not the least important reason why people quit startups is culture. A whopping 82% said that communication is an important element of company culture. They also mentioned the importance of the team and work environment.
Have you ever quit a startup job? Do you agree with the findings in the report?
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Artificial Intelligence Can Help You Predict How Customers Behave
You can use artificial intelligence to accurately predict what your customers think, feel, and see.
Neurons is a Danish startup that uses artificial intelligence to help sales teams and marketing departments better understand their target audience.
The company was founded in 2013, and ever since it has been the pioneer in the consumer prediction space. They use neuroscience tools in combination with artificial intelligence to accurately predict how humans behave.
The company tries to understand both the unconscious and conscious responses of consumers. This way, they can provide accurate predictions about their behavior.
The company claims it can provide predictions about customers’ behavior with a stunning 95% accuracy. And they can predict the behavior in seconds.
Thomas Zoega Ramsøy, the CEO and founder, said:
“Throughout history, we’ve dabbled in trying to predict human behavior, with crystal balls and oracles, but this new combination of neuroscience and AI actually makes it possible and with a high degree of accuracy.”
Neurons is constantly updating its models to reflect current market trends.
The company just secured a $6 million seed round, which they will use to scale their operations. They want to scale to 200 employees by the end of 2025.
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You Can Now Listen To Podcasts On Twitter
Twitter now recommends podcasts to its users on the newly revamped Spaces tab. The feature will first be available to English-speaking users on iOS and Android.
“Integrating podcasts into Spaces, where audio conversations happen on Twitter, is another way we’re continuing to invest in audio creators,”
The company said in a recent article.
“To do this in a simple and intuitive way that allows listeners to simply hit play and go, we started with a redesigned audio experience in the Spaces Tab.”
According to Twitter’s research, 45% of its US users listen to podcasts on a monthly basis. It makes sense for Twitter to add the new feature.
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This Startup Builds Coffins Made Of Mushrooms
Loop is a Dutch design company that aims to solve everyday problems with the unique attributes of living organisms.
Their first product is called the Living Cocoon. It’s essentially a funeral casket made from mycelium. Mycelium is the thing that exists under a mushroom.
Despite the initial unappealing appearance of mycelium, designers have been adopting it thanks to its many advantages.
For starters, it doesn’t require any external energy to grow mycelium. The material is durable, lightweight, and repeals water. Designers create a mold and let mycelium grow into the structure they desire.
The question remains – are people willing to get buried in a coffin made of mushrooms?
This Startup Wants To Compete With Tesla’s Powerwall
Lunar Energy is a new startup funded by Kunal Girotra, who spent five years at Tesla, where he led energy products. He supervised the development of Powerwall, solar panels, and solar roofs. He was eventually promoted to head of Tesla Energy.
His new startup now aims to compete with the product he helped develop – the Powerwall.
The goal of Lunar Energy is to electrify the home and provide energy independence to homeowners worldwide.
The company published a press release where they announced a $300 million funding round from Sunrun and SK Group (South Korea).
Girotra announced that they are working on a home battery system, but he didn’t go into details.
Are We Getting Apple Wallet Alternatives?
We’re getting ready for iOS 16. Apple has rolled out several beta versions of iOS 16.1 for developers. The latest beta version shows that users might be able to delete the Apple Wallet once iOS 16 reaches the mass population.
If you don’t know, Apple is currently facing antitrust charges because they are allegedly blocking iPhone’s NFC stack, which prevents developers from creating payment products that would rival Apple pay.
It will be interesting to watch if the new feature means Apple is opening the doors to rival payment options.
Would you prefer other payment apps on your iPhone, or are you happy with Apple Wallet?