Why do many startups fail to become big, iconic companies? Apparently, it’s because they aren’t able to cross the “momentum canyon” — the point that separates traction from growth. Startups will find that the strategies that spurred on traction and interest in their companies suddenly no longer work. One of the biggest mistakes they seem to make is combining together many little strategies and trying to scale them up when they should’ve instead shifted gears towards one or two bigger growth strategies moving forward. Read full article here
Technology
The First Solar-Powered Car Comes at a Hot Price
The Lightyear O is a revolutionary electric car powered by the sun. Developed by a Dutch startup, the four-door sedan has over 50 square feet of solar panels on its roof and hood, generating up to 43 miles of energy a day. With production now underway in Finland, the car does come with a hefty price tag at $262,000, but the company hopes to introduce a more affordable version, the Lightyear 2, by 2025. Read full article here
Merv
January 27, 2023
