How To Create Network Effect For Your Product

Param Jaggi

Param Jaggi is the founder and CEO of Hatch Technologies, a company working to democratize the software development industry.

Param is an inventor and serial entrepreneur. At the age of 13, he invented the EcoTube, a patented device that reduces carbon emissions from cars. At the age of 18, he founded Ecoviate— a R&D organization focused on redefining consumer sustainability. Param has won numerous awards and was twice featured in the Forbes “30 under 30” list.

In this episode, Param talked about how he built his first mobile app while in high school and acquired users for the app largely through network effect, and how he started his second company, Hatch, in the process of doing traditional software development work for other companies.

“I’m a strong believer in building network effect into your product. You want to figure out how people can use your platform in a way that lets other people know about the platform as well. ”

– Param Jaggi

 


Hatch Technologies

Twitter, Facebook


Reference

Soundwise

Halcyon Incubator

 

How to Become A Serial Entrepreneur in Your 20s

how to become serial entrepreneur in your 20s
Akobir Azamovich is the co-founder and CEO of 4stay.com, an online marketplace for student housing.

Although Akobir is only in his twenties, he’s already started multiple companies. When Akobir immigrated to the US in high school, he quickly spotted a business opportunity matching foreign students like himself with American schools, and that eventually led to the creation of 4stay.com. He offered insights on how to start a tech company when you don’t know how to code, how to effectively pitch to potential strategic partners and investors, and how to quickly get customers for a marketplace at scale.

And if you’re looking to learn and grow as an entrepreneur, you should check out Soundwise. Soundwise aims to offer a wide selection of audio courses in business and personal development, so that you can learn to become a better version of yourself…on the go. Soundwise just released a series of crash courses on how to build a startup. They are sourced from some of the best entrepreneurship classes ever taught at MIT’s Sloan School of Management, taught by real founders who have built successful businesses over and over again. They cover the essential insights you need to start building your business. And the best part, they are free! Go check them out at mysoundwise.com/courses.

“Even with a start-up budget, if you find the right people, you can still build a star team with outsourcing.”

– Akobir Azamovich

 


4stay

Twitter, Instagram, Facebook


Reference

Entrepreneurship Crash Courses by Soundwise

Airbnb

Craigslist

How to Start A Two-Sided Marketplace

how to start a two-sided marketplace
Stephanie Cox is the founder and CEO of The Level Market, the world’s first online marketplace for humanitarian supply and disaster relief products.

In this episode, Stephanie talked about her journey of starting her platform with the aspiration to be “Amazon for Aid”. She offered insights on the unique challenges of a two-sided marketplace, how to build brand recognition, when to raise money, how to manage the emotional aspects of running a business and how to prioritize tasks.

And if you’re looking to learn and grow as an entrepreneur, you should check out Soundwise. Soundwise aims to offer a wide selection of audio courses in business and personal development, so that you can learn to become a better version of yourself…on the go. Soundwise just released a series of crash courses on how to build a startup. They are sourced from some of the best entrepreneurship classes ever taught at MIT’s Sloan School of Management, taught by real founders who have built successful businesses over and over again. They cover the essential insights you need to start building your business. And the best part, they are free! Go check them out at mysoundwise.com/courses.

“Innovate, stop finding excuses to do business as usual.”

– Stephanie Cox

 


The Level Market

Twitter, Youtube, LinkedIn, Facebook


Reference

Entrepreneurship Crash Courses by Soundwise

Upwork

WebShine