👣Lesson's from Birkenstocks' success
In Today's Siam Sixers
👣 Lesson's from Birkenstocks' success
🎧 A Podcast on Tips to Measure and Improve Developer Productivity
💰 A Video on Raising Capital in 2023 - What You Really Need To Know
🚑 From Boomers to Zoomers: The Indian Hospital Dilemma
🤖 AI Corner
😂Comics on the State of Startups
1️⃣Rise of the Birks!
Birkenstocks, the iconic footwear brand that brought clogs and chunky footwear back to high fashion is bracing for a possible September IPO that would value the company anywhere from $8 billion to $10 billion! For product visionaries, innovators, and dreamers, I believe there's a lot to learn from the legendary rise!
Disclaimer: I may or may not be wearing Birkenstock sandals as I write this.
👣 Comfort is Key: While the fashion world spins like a tornado, Birkenstock stayed chill with its focus on comfort and functionality. Remember, your product's secret sauce lies in making users go, "Ahh, that's the stuff!"
⏳ Endurance Trumps Fads: While trends come and go like passing clouds, Birkenstock stood the test of time like a sturdy oak. Aim for lasting appeal, not just temporary trends – yes, even those fleeting AI fads.
🤝 Strategic Collaborations: Birkenstock entered strategic partnerships with L Catterton, a global consumer-focused private equity firm, and its affiliates including Financière Agache, the family investment company of Bernard Arnault the second richest person in the world after Elon Musk.
🌟 Influencer Impact: Celebs like Kendall Jenner are rocking Birks this summer, and the sandal even made it in a couple of scenes of the new Barbie movie, boosting recent sales. Engage influencers to give your product that extra shine and dazzle.
🎯 Timing Matters: Birkenstock's IPO timing hit the bullseye. Just like in the startup world, unveiling your product when the stars align can be the difference between a home run and a swing-and-miss!
2️⃣Podcast: Tips to Measure and Improve Developer Productivity
Dr. Nicole Forsgren, a developer productivity and DevOps expert, is renowned for her work on the award-winning book "Accelerate," the DevOps Handbook, and the State of DevOps Reports.
She collaborates with engineering organizations to enhance their processes and culture. Currently a Partner at Microsoft Research, she leads developer productivity research and strategy. In Lenny's Podcast, Nicole shares her insights on measuring developer productivity using the DORA and SPACE frameworks, benchmarks for performance, common mistakes to avoid, resources for improvement, and her Four-Box framework for data and relationships.
3️⃣Video: Raising Capital in 2023 - What You Really Need To Know
Is there really a funding and valuation crunch in 2023? How are AI companies still able to raise funds at high valuations? What does it take to raise funds in 2023? These are some of the questions you’ll get answers to in this video.
In this video, Peter explains that valuations have returned to pre-2021 levels and Series A rounds now typically range from $2.5 million to $4 million in ARR. Specht also discusses factors that affect valuation, including growth rate, multiple term sheets, and annual recurring revenue (ARR) base. He emphasizes the importance of growth with efficiency and burn multiples aligned with market expectations.
Key segments in this video
The current state of valuations
Average multiples seen in different funding rounds
Factors that affect the valuation of a company
Monitoring burn multiple and YoY growths leading up to a fundraiser.
Treating the fundraising process as a sales funnel.
4️⃣From Boomers to Zoomers: How can Hospitals Meet Multi-Generational Needs of Modern Decision Makers?
Indian hospitals face a digital dilemma as they woo customers across generations. The "old trust" from baby boomers needs a digital facelift to impress the tech-savvy GenZ and millennials.
In this high-speed healthcare race, hospitals must level up their game. Forget just excellent service – millennials want a healthcare provider that's accessible at the speed of their online food delivery!
In this article, I talk about how hospitals can get ahead of the curve and meet millennial needs in not just illness but also wellness, and when they are visiting hospitals to take care of their near and dear ones.
P.S: Though this article talks about millennial needs in healthcare, it also gives insights into the changing target audiences which apply to all sectors. So, if you are a business founder in the midst of digitally transforming your venture, do give it a read.
📚Read: Multi-Gen Needs of Indian Hospitals
5️⃣AI Corner
Here are the top stories from the world of AI
🌍AI’s environmental toll
💉Can Dr. AI predict cancer and save lives?
🔬India AI and META ink MoU to promote AI advancements
🔍Google Ads Introduces Auto-Generated Ad Tool Using Generative AI
🙅♂️One industry where humans will always be better than AI
6️⃣State of Startups
I hope you enjoyed this week's curated stories and resources. Check your inbox again next week, or read previous editions of Siam Sixers for more insights. To get instant updates, connect with me on LinkedIn.
Cheers!
Khuze Siam
Founder: Siam Computing & ProdWrks