Does your startup need a lawyer?

Legal Business.

The first reason for which a startup should consider hiring a lawyer is to keep the business legal.

The input of a business lawyer for this is highly appreciated and needed.

In conclusion, does your startup need a lawyer? | To read full story, visit https://startuparound.com/read/1576551609.7094808/Does-Your-Startup-Need-A-Lawyer?---Young-Upstarts?ref=audio_experience

As you look for your favorite job, strive to build new contacts every day.

Many recruiting agencies in Toronto post available job positions on their websites, making it easy to find your favorite job.

Some of the best sites you can find your favorite job in Toronto include LinkedIn, Toronto Jobs, Monster, Job Bank, and Indeed.

Referrals are the most effective ways to secure your favorite job in any industry.

In a nutshell, let’s look at some of the tips that can increase your chances of getting your favorite job in Toronto. | To read full story, visit https://startuparound.com/read/1576549809.1676323/5-Ways-To-Find-Your-Favorite-Next-Job-in-Toronto---Young-Upstarts?ref=audio_experience

Online clothing brand Henry & Smith has raised $1 million as a part of its seed round, led by WEH Ventures and Rukam Capital.

According to the company, the funds will be used to expand the company’s distribution and hire more individuals to the team.

Co-founders of Henry & Smith: Gaurisha Gupta and Nikhil GoyalLaunched in 2017, Henry & Smith is a men’s clothing wear brand, which was started by Gaurisha Gupta and Nikhil Goyal.

Previously, the duo also founded White Kalia, an apparel brand which provided T-shirts themed around pop culture, comics and popular TV shows.

Nikhil and Gaurisha are frugal entrepreneurs and are building a real brand through some innovative strategies. | To read full story, visit https://startuparound.com/read/1576548006.029603/[Funding-alert]-Online-clothing-brand-Henry-&-Smith-raises-$1M-in-seed-funding?ref=audio_experience

But, Michael Seibel, CEO, Y Combinator, knows a thing or two about what works and does not work while starting up.

Y Combinator (YC), the US-based startup accelerator, provides seed funding for startups, and has invested in more than 2,000 firms.

Edited excerpts from the interview:Michael Seibel, CEO of YCombinator (picture credit - https://www.crowdcast.io/)YourStory: Why is it few startup founders are reluctant to have a co-founder?

Michael Seibel (MS): Startup founders underestimate the fact that running a startup is hard and is going to be taxing for them.

I started up at 23, right after college, and it was because of my friend who believed we could make the company work better. | To read full story, visit https://startuparound.com/read/1576546205.8259585/Success-is-not-about-fundraising-alone,-says-Michael-Seibel,-CEO,-Y-Combinator?ref=audio_experience

And yet, when it comes to a term sheet, first-time startup founders can find it one of the most intimidating documents.

“And it is important for founders to realise that initially the term sheet is not legally binding.

In other words, founders who go looking for ‘better terms’ on the basis of one term sheet can face trouble.

The anatomy of a term sheet - the basicsExplaining the anatomy of a term sheet, Siddarth explained that the term sheet starts out with identifying the parties, the type of instrument one is going to invest in, the quantum of money, and dilution.

Going by these elements, the term sheet can be broken down into different categories or sections. | To read full story, visit https://startuparound.com/read/1576544409.3447094/The-anatomy-of-a-term-sheet-and-why-founders-shouldn’t-lawyer-up-excessively-for-one?ref=audio_experience

To fill that void, Ruchir (along with Rajiv Singh, Saurabh Jain, Rohit Saha) launched CollegeDekho in 2015 as an end-to-end career planning platform for all students.

The Gurugram-based startup claims to have counselled 1.3 million students, processed over one lakh common application forms and 25,000 admissions since inception.

In addition to being a college discovery platform, CollegeDekho also actively works with over 400 partner institutes.

“We are a transaction platform for these colleges, and students can pay their admission fees through CollegeDekho,” Ruchir explains.

But, CollegeDekho claims that its application-to-admission ratio is higher at 30-35 percent. | To read full story, visit https://startuparound.com/read/1576542606.1077406/How-edtech-startup-CollegeDekho-touched-over-a-million-students-through-its-end-to-end-career-guidance-platform?ref=audio_experience

HungerBox, an Indian food tech startup that has courted 10 of the 11 largest companies in the country to use its services, today announced it has raised $12 million from Paytm and others as it looks to sign clients in Southeast Asia.

HungerBox also enables its clients to connect with food partners through an app and get real-time updates of their order.

HungerBox has amassed more than 126 large businesses and institutions — with more than 100,000 workforce each, across 18 Indian cities, said Mitra.

In a statement, Madhur Deora, president of Paytm, said HungerBox has enabled Paytm to add new use cases for the company’s payments business and digitization of offline transactions.

“HungerBox is the market leader in the institutional food tech space and we will partner closely with them and bring the benefits of Paytm’s ecosystem to HungerBox,” he said. | To read full story, visit https://startuparound.com/read/1576540810.780399/Indian-B2B-food-tech-startup-HungerBox-raises-$12M-from-Paytm-and-others-–-TechCrunch?ref=audio_experience

Brand power vs. product power Carbonite's co-founder offers an insider look at how the PC backup company built its brandMost tech companies — particularly B2B companies — either don’t understand the power of a brand, or do a really poor job of creating one.

It is dangerous (or at least foolish) to assume that the ROI on product development is greater than the ROI on brand building.

In 2006, I co-founded PC backup company Carbonite .

I would argue that Carbonite was slicker than most of the others, but essentially every backup product accomplishes the same result.

But, after five years of investing in our brand, we had eleven times the brand recognition of any other consumer backup company and we dominated the market. | To read full story, visit https://startuparound.com/read/1576539007.8246462/Brand-power-vs.-product-power-–-TechCrunch?ref=audio_experience

AllCloud, a Tel Aviv, Israel-based global cloud services provider, raised $18m in funding.

Led by Eran Gil, CEO, AllCloud is a global professional services company providing organizations with tools for cloud enablement and transformation.

Through the combination of expertise and agility, the company accelerates cloud innovation and enables organizations to use cloud technology.

It is an AWS Premier Consulting Partner and a Salesforce Platinum Partner and is supported by an ecosystem of technology partners, proven methodologies, and documented best practices.

AllCloud serves clients across the globe including Rakuten Rewards, Harel Insurance and Valtec Mobility. | To read full story, visit https://startuparound.com/read/1576537217.0065663/AllCloud-Raises-$18M-in-Funding?ref=audio_experience

WeLab, a Hong Kong based fintech company, raised US$156m in Series C funding.

Backers included Alibaba Hong Kong Entrepreneurs Fund and China Construction Bank (International) amongst others.

Led by Simon Loong, Founder and Group CEO, they provide financial services by creating digital experiences to over 41 million users across Hong Kong, Mainland China, and Indonesia.

The company also offers B2B enterprise solutions by partnering with traditional financial institutions, which utilize its technology to offer fintech-enabled services to their customers.

WeLab operates in 3 markets under 6 key brands, including WeLend and WeLab Bank in Hong Kong, WeLab Digital (我来数科), Taoxinji (淘新机) and Tianmian Lab (天冕大数据实验室) in Mainland China and “maucash”, under AWDA, a fintech joint venture with PT Astra International in Indonesia. | To read full story, visit https://startuparound.com/read/1576535410.1962466/WeLab-Secures-US$156M-in-Series-C-Funding?ref=audio_experience