Press play on photo to watch the video Do you want to listen to this videoepisode instead? Play the audio only. Service providers' key expectations from 5G and toward 6G era are to successfully manage the immense traffic growth and leverage mobile networks to support new use cases. To put the expectations into concrete numbers – the projections say that 5G subscriptions will reach 1 billion, and the average monthly usage per smartphone will surpass 15 GB by the end of this year and then grow to 40 GB by the end of 2027. As mid-band brings the potential of high capacity to explore new use cases with high bandwidth demand, new considerations appear on how to get the most out of 5G in Cloud RAN, impacting service providers' strategy of designing their 5G networks and selecting the best RAN processing option. Talking about processing and the time-critical nature of some elements, different parts of the RAN software stack have different requiremen...
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Is Your Startup Idea Worth the Investment? Here's What You Need to ... - DataDrivenInvestor
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Starting a business is a challenging but rewarding journey. Entrepreneurs often have big dreams and ambitions, but before putting in any effort, it is essential to ask the question: is investing in an idea worth the risk?
Photo by Markus Winkler on Unsplash
The truth is that investing too much in an idea without proper validation can lead to failure. Take the example of Color Labs and Airtime, two startups that invested heavily in their ideas but eventually floundered.
Color Labs was determined to revolutionize photo sharing, but they made a fatal error — investing in their idea without testing it with real users.
The result?
A product that failed to meet the needs of their target market, and ultimately, the company crumbled.
The same went for Airtime! They were hell-bent on creating a video chat platform that would connect users in real-time, but like Color Labs, they did not validate their idea with real users before launch. As a result, the app was not user-friendly and did not meet the target market's needs, leading to its eventual failure.
Instead of investing in an idea, it is advisable to take the time to develop a minimum viable product (MVP) and test it with real users. This way, you can determine whether there is a market for your idea and make any necessary changes before investing more time and money.
Photo by Microsoft 365 on Unsplash
In 2023, the landscape of entrepreneurship has changed dramatically; thanks to the rise of no-code platforms, entrepreneurs can now build digital products without extensive technical skills.
For instance, there are several famous no-code platforms, such as Bubble, Webflow, and Adalo, that make it possible for anyone to create a product without a significant investment. This opens up new opportunities for entrepreneurs to create innovative products without breaking the bank.
While some startups still require a significant investment, it is crucial to remember that there is no guarantee of success.
But let's not forget that starting a business is still a risky venture!
Even if you manage to build a product, you will still need to convince investors to invest in your startup. This can be a challenging process, especially if you are not yet able to demonstrate the potential of your product. So, take the time to consider your options and invest wisely.
References:
"Color Labs, the $41 million startup, reportedly shutting down" by Diana Samuels, The Business Journals, 2012
"It Must Be Really Frustrating For Other Founders To Watch Airtime And Color Fail" by Alyson Shontell, The Business Insiders, 2012.
I hope this article has been helpful for you. Thank you for taking the time to read it.
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Press play on photo to watch the video Do you want to listen to this videoepisode instead? Play the audio only. Service providers' key expectations from 5G and toward 6G era are to successfully manage the immense traffic growth and leverage mobile networks to support new use cases. To put the expectations into concrete numbers – the projections say that 5G subscriptions will reach 1 billion, and the average monthly usage per smartphone will surpass 15 GB by the end of this year and then grow to 40 GB by the end of 2027. As mid-band brings the potential of high capacity to explore new use cases with high bandwidth demand, new considerations appear on how to get the most out of 5G in Cloud RAN, impacting service providers' strategy of designing their 5G networks and selecting the best RAN processing option. Talking about processing and the time-critical nature of some elements, different parts of the RAN software stack have different requiremen...
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