ABSS

ABSS ABSS is a dynamic startup that is specialized in creating software solutions that empower businesses

+961 3 787 666

04/10/2025

+961 3 787 666
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𝗨𝗻𝘃𝗲𝗶𝗹𝗶𝗻𝗴 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗦𝗰𝗮𝗻𝗱𝗮𝗹𝘀: 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗥𝗶𝘀𝗲 𝗼𝗳 𝗙𝗿𝗮𝘂𝗱𝘂𝗹𝗲𝗻𝘁 𝗣𝗿𝗮𝗰𝘁𝗶𝗰𝗲𝘀HeadSpin ex-founder Manish Lachwani’s fraudulent ...
03/05/2024

𝗨𝗻𝘃𝗲𝗶𝗹𝗶𝗻𝗴 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗦𝗰𝗮𝗻𝗱𝗮𝗹𝘀: 𝗡𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗥𝗶𝘀𝗲 𝗼𝗳 𝗙𝗿𝗮𝘂𝗱𝘂𝗹𝗲𝗻𝘁 𝗣𝗿𝗮𝗰𝘁𝗶𝗰𝗲𝘀

HeadSpin ex-founder Manish Lachwani’s fraudulent actions landed him in prison for fabricating revenue and falsifying invoices, signaling a concerning trend within tech startups.

His case, alongside controversies at Bolt, BloomTech, Nikola, Binance, and FTX, paints a worrying picture of deceit in the industry. This surge in fraudulent behavior is partly attributed to the influx of capital during periods of low interest rates, leading to rushed due diligence and a lax regulatory environment.

As markets peak, fraud tends to escalate, serving as a stark warning for investors to exercise caution. The startup landscape demands heightened scrutiny, with integrity and transparency becoming paramount for sustainable growth.

Let’s remain vigilant and prioritize ethical practices to foster a trustworthy ecosystem.

🎯𝗝𝗮𝗰𝗸 𝗦𝗰𝗵𝘂𝗹𝗲𝗿’𝘀 𝗗𝗲𝗺𝗶𝘀𝗲: 𝗟𝗲𝘀𝘀𝗼𝗻𝘀 𝗳𝗼𝗿 𝗣𝗵𝗶𝗹𝗮𝗻𝘁𝗵𝗿𝗼𝗽𝗶𝘀𝘁𝘀 𝗮𝗻𝗱 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗔𝗹𝗶𝗸𝗲📌Jack Schuler’s journey is a cautionary tale for ...
29/04/2024

🎯𝗝𝗮𝗰𝗸 𝗦𝗰𝗵𝘂𝗹𝗲𝗿’𝘀 𝗗𝗲𝗺𝗶𝘀𝗲: 𝗟𝗲𝘀𝘀𝗼𝗻𝘀 𝗳𝗼𝗿 𝗣𝗵𝗶𝗹𝗮𝗻𝘁𝗵𝗿𝗼𝗽𝗶𝘀𝘁𝘀 𝗮𝗻𝗱 𝗜𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗔𝗹𝗶𝗸𝗲

📌Jack Schuler’s journey is a cautionary tale for philanthropists and investors alike. The former Abbott Laboratories president founded the Schuler Education Foundation in 2001 with a noble mission: helping underprivileged students gain admission and funding to attend elite colleges.

📌Over two decades, Schuler poured over $150 million into counseling and supporting 1,800 scholars through the program. However, his fortune took a disastrous turn when he became overly bullish on volatile healthcare and biotech stocks like Quidel, Accelerate Diagnostics, and Soleno Therapeutics.

📌As these speculative bets soured, Schuler stubbornly kept doubling down instead of cutting losses, inadvertently draining his $1.1-billion net worth down to around $200 million. This eventually forced the abrupt shutdown of the education foundation in 2024, leaving hundreds of students stranded.

📌The lessons? For philanthropists, keep a clear separation between your charitable work and personal investments. Diversify assets prudently. And know when to walk away from a losing bet before it consumes your charitable mission. For investors, don’t let ego or entrenchment blind you to imprudent risk-taking that can evaporate your fortune.

📌𝗦𝗵𝗼𝘂𝗹𝗱 𝗬𝗼𝘂 𝗧𝗿𝘂𝘀𝘁 𝗬𝗼𝘂𝗿 𝗚𝘂𝘁 𝗔𝘀 𝗮 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗙𝗼𝘂𝗻𝗱𝗲𝗿? 𝗜𝘁 𝗗𝗲𝗽𝗲𝗻𝗱𝘀 𝗼𝗻 𝗬𝗼𝘂𝗿 𝗘𝘅𝗽𝗲𝗿𝘁𝗶𝘀𝗲As startup founders, you often face the dil...
21/04/2024

📌𝗦𝗵𝗼𝘂𝗹𝗱 𝗬𝗼𝘂 𝗧𝗿𝘂𝘀𝘁 𝗬𝗼𝘂𝗿 𝗚𝘂𝘁 𝗔𝘀 𝗮 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗙𝗼𝘂𝗻𝗱𝗲𝗿? 𝗜𝘁 𝗗𝗲𝗽𝗲𝗻𝗱𝘀 𝗼𝗻 𝗬𝗼𝘂𝗿 𝗘𝘅𝗽𝗲𝗿𝘁𝗶𝘀𝗲

As startup founders, you often face the dilemma of whether to commit to your vision or validate your ideas with others. The answer depends on your level of expertise in the problem space you’re addressing.

📌If you have deep expertise in your startup’s domain, either from working in the industry for years or building similar products before, you should trust your gut more. Your instincts and taste are likely well-honed, and you probably know more than most people about what your target users need. In this case, focus on impressing yourself and building something you’d be proud of.

📌On the other hand, if you’re entering a new domain without much prior experience, you should trust your gut less. Your opinions might be similar to the mainstream, and you lack the depth of knowledge to make informed decisions. In this situation, your goal should be to build expertise rather than assuming you already have it. Start with a simple MVP and learn from your early users while staying open-minded about what they really want.

📌The key is to be self-aware about your level of expertise and adjust your approach accordingly. Experienced founders sometimes make the mistake of being too fearful and not leveraging their insights, whereas inexperienced founders can be overconfident and invest in the wrong things. By matching your strategy to your expertise, you can avoid these pitfalls and increase your chances of success.

📌Remember, it’s okay to not have all the answers upfront. Most successful founders start with limited expertise and learn along the way. The important thing is to pick a problem space you’re excited to dive into and stay humble as you gain knowledge. With the right mindset and approach, you can turn your unique insights into a thriving startup.

🎯𝟭𝟭 𝗤𝘂𝗮𝗹𝗶𝘁𝗶𝗲𝘀 𝗘𝘃𝗲𝗿𝘆 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗙𝗼𝘂𝗻𝗱𝗲𝗿 𝗦𝗵𝗼𝘂𝗹𝗱 𝗣𝗼𝘀𝘀𝗲𝘀𝘀 (𝗣𝗮𝗿𝘁 𝟭)I’ve had the opportunity to work with and observe many entrep...
20/04/2024

🎯𝟭𝟭 𝗤𝘂𝗮𝗹𝗶𝘁𝗶𝗲𝘀 𝗘𝘃𝗲𝗿𝘆 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗙𝗼𝘂𝗻𝗱𝗲𝗿 𝗦𝗵𝗼𝘂𝗹𝗱 𝗣𝗼𝘀𝘀𝗲𝘀𝘀 (𝗣𝗮𝗿𝘁 𝟭)

I’ve had the opportunity to work with and observe many entrepreneurs. Through my experiences, I’ve identified 11 key qualities that set successful founders apart:

1. Unwavering passion
The most successful founders are those who are truly passionate about their ideas and are willing to pour their heart and soul into bringing them to life.

2. Resilience in the face of adversity
Building a startup is never easy. Founders must be able to bounce back from setbacks and keep pushing forward, even when the odds seem stacked against them.

3. Adaptability and flexibility
The startup world is constantly changing, and successful founders are those who can quickly adapt to new circumstances and pivot when necessary.

4. Strong leadership skills

As a founder, you’ll be responsible for leading and inspiring your team. Having strong leadership skills is essential for keeping everyone motivated and working toward a common goal.

5. Excellent communication abilities
From pitching to investors to communicating with your team and customers, being an effective communicator is crucial for startup success.

💹𝗧𝗵𝗲 𝗨𝗦 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗦𝗰𝗲𝗻𝗲 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝘀 𝘁𝗼 𝗦𝗼𝗮𝗿, 𝗪𝗶𝘁𝗵 𝗮 𝗦𝘁𝗮𝗴𝗴𝗲𝗿𝗶𝗻𝗴 𝗘𝗶𝗴𝗵𝘁 $𝟭𝟬𝟬𝗠+ 𝗥𝗼𝘂𝗻𝗱𝘀 𝗖𝗹𝗼𝘀𝗲𝗱 𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸 𝗔𝗹𝗼𝗻𝗲📌According to Crunc...
19/04/2024

💹𝗧𝗵𝗲 𝗨𝗦 𝗦𝘁𝗮𝗿𝘁𝘂𝗽 𝗦𝗰𝗲𝗻𝗲 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝘀 𝘁𝗼 𝗦𝗼𝗮𝗿, 𝗪𝗶𝘁𝗵 𝗮 𝗦𝘁𝗮𝗴𝗴𝗲𝗿𝗶𝗻𝗴 𝗘𝗶𝗴𝗵𝘁 $𝟭𝟬𝟬𝗠+ 𝗥𝗼𝘂𝗻𝗱𝘀 𝗖𝗹𝗼𝘀𝗲𝗱 𝗧𝗵𝗶𝘀 𝗪𝗲𝗲𝗸 𝗔𝗹𝗼𝗻𝗲

📌According to Crunchbase, some of the biggest deals in the last week include:

📌Cyera securing $300 million for its data security platform, nearly tripling its valuation to $1.4 billion
📌Monad Labs raising $225 million to develop its high-speed, Ethereum-compatible blockchain
📌Torl BioTherapeutics landing another $158 million to advance its cancer-fighting antibody therapeutics
📌Guesty, a property management software for short-term rentals, booking $130 million to fuel its U.S. expansion
📌Platform Science driving off with $125 million to optimize enterprise commercial fleets

Other notable rounds include Collaborative Robotics ($100 million), FloQast ($100 million), and Seaport Therapeutics ($100 million).

📌𝗦𝗵𝗼𝘂𝗹𝗱 𝗬𝗼𝘂 𝗦𝘁𝗮𝗿𝘁 𝗮 𝗦𝘁𝗮𝗿𝘁𝘂𝗽?As a group partner at Y Combinator, I’ve spent a lot of time helping people decide if they s...
16/04/2024

📌𝗦𝗵𝗼𝘂𝗹𝗱 𝗬𝗼𝘂 𝗦𝘁𝗮𝗿𝘁 𝗮 𝗦𝘁𝗮𝗿𝘁𝘂𝗽?

As a group partner at Y Combinator, I’ve spent a lot of time helping people decide if they should start a startup. While there’s no simple test to determine if you’re cut out for the founder life, here are some insights I’ve gained from working with almost a thousand startup founders:

💡𝗥𝗲𝘀𝗶𝗹𝗶𝗲𝗻𝗰𝗲 𝗺𝗮𝘁𝘁𝗲𝗿𝘀 𝗺𝗼𝗿𝗲 𝘁𝗵𝗮𝗻 𝗰𝗼𝗻𝗳𝗶𝗱𝗲𝗻𝗰𝗲: The most successful founders aren’t always the most confident, but they are the most resilient in the face of rejection and setbacks.

💡𝗬𝗼𝘂𝗿 𝗶𝗻𝗶𝘁𝗶𝗮𝗹 𝗺𝗼𝘁𝗶𝘃𝗮𝘁𝗶𝗼𝗻𝘀 𝗱𝗼𝗻’𝘁 𝗺𝗮𝘁𝘁𝗲𝗿 𝗮𝘀 𝗺𝘂𝗰𝗵 𝗮𝘀 𝘆𝗼𝘂 𝘁𝗵𝗶𝗻𝗸: Whether you want to get rich, solve a problem, or simply satisfy your curiosity, your motivations can change over time. The best enduring motivations are a genuine interest in the problem you’re solving and a love for the people you’re working with.

💡𝗖𝗼𝗻𝘀𝗶𝗱𝗲𝗿 𝘁𝗵𝗲 𝘄𝗼𝗿𝘀𝘁-𝗰𝗮𝘀𝗲 𝘀𝗰𝗲𝗻𝗮𝗿𝗶𝗼: If your startup fails after a year, can you handle the financial and emotional consequences? Factor in the valuable learning experience you’ll gain, which can boost your career even if your startup doesn’t succeed.

💡𝗦𝘂𝗿𝗿𝗼𝘂𝗻𝗱 𝘆𝗼𝘂𝗿𝘀𝗲𝗹𝗳 𝘄𝗶𝘁𝗵 𝗽𝗼𝘁𝗲𝗻𝘁𝗶𝗮𝗹 𝗰𝗼-𝗳𝗼𝘂𝗻𝗱𝗲𝗿𝘀: Seek out smart, ambitious people who enjoy discussing ideas and technologies. Working at a startup is a great way to meet potential co-founders.

💡𝗟𝗮𝘂𝗻𝗰𝗵 𝘀𝗶𝗱𝗲 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝘀 𝘁𝗼 𝗴𝗮𝗶𝗻 𝗲𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲: Turn your ideas into real projects, however small. Pay attention to how much you enjoy the process and how energized you feel compared to your day job.

💡𝗣𝗿𝗶𝗼𝗿𝗶𝘁𝗶𝘇𝗲 𝗽𝗮𝘀𝘀𝗶𝗼𝗻 𝗼𝘃𝗲𝗿 𝗶𝗻𝗶𝘁𝗶𝗮𝗹 𝘁𝗿𝗮𝗰𝘁𝗶𝗼𝗻: A single user who loves your product is more valuable than a million signups for something that doesn’t exist yet.

If you find a co-founder you enjoy working with and you’re both passionate about an idea, take the leap. The experience of starting a startup is invaluable, and you might just build the next big thing.

-by V3V Ventures

🌙✨ 𝗘𝗶𝗱 𝗠𝘂𝗯𝗮𝗿𝗮𝗸 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗔𝗕𝗦𝗦 𝗙𝗮𝗺𝗶𝗹𝘆! ✨🌙As the crescent moon is sighted and the holy month of Ramadan comes to a close, a...
09/04/2024

🌙✨ 𝗘𝗶𝗱 𝗠𝘂𝗯𝗮𝗿𝗮𝗸 𝗳𝗿𝗼𝗺 𝘁𝗵𝗲 𝗔𝗕𝗦𝗦 𝗙𝗮𝗺𝗶𝗹𝘆! ✨🌙
As the crescent moon is sighted and the holy month of Ramadan comes to a close, all of us here at ABSS extend our warmest wishes to you and your loved ones. May this Eid bring joy, peace, and prosperity into your lives.

𝗕𝗹𝗮𝗕𝗹𝗮𝗖𝗮𝗿’𝘀 $𝟭𝟬𝟴𝗠 𝗗𝗲𝗯𝘁 𝗟𝗶𝗻𝗲 𝗙𝘂𝗲𝗹𝘀 𝗚𝗿𝗼𝘄𝘁𝗵 𝗔𝗳𝘁𝗲𝗿 𝗛𝗶𝘁𝘁𝗶𝗻𝗴 𝗣𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆📌BlaBlaCar has secured an $108-million debt facilit...
07/04/2024

𝗕𝗹𝗮𝗕𝗹𝗮𝗖𝗮𝗿’𝘀 $𝟭𝟬𝟴𝗠 𝗗𝗲𝗯𝘁 𝗟𝗶𝗻𝗲 𝗙𝘂𝗲𝗹𝘀 𝗚𝗿𝗼𝘄𝘁𝗵 𝗔𝗳𝘁𝗲𝗿 𝗛𝗶𝘁𝘁𝗶𝗻𝗴 𝗣𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆

📌BlaBlaCar has secured an $108-million debt facility after achieving profitability, fueling global expansion plans. The iconic French startup, now​ a unicorn, has been profitable since April 2022, with revenue jumping from €195 million​ іn 2022​ tо over €250 million​ іn 2023.

📌BlaBlaCar now boasts 80 million annual passengers worldwide, with Brazil overtaking France​ іn users and India poised​ tо​ dо the same. The company plans​ tо use the debt line for acquisitions and​ tо expand its multimodal offering, aggregating carpooling, buses, and trains for seamless door-to-door journeys.​ A rare mobility startup balancing growth and discipline.

🎯Tips for investors:

1. Seek startups with sustainable unit economics, not just vanity metrics.
2. Debt can be smart for mature ventures eyeing M&A.
3. Tips for founders:
4. Prioritize profitability, even if it means slower growth.
5. Expand methodically, adapting to each market.
6. Explore debt for flexible capital.

💡As mobility undergoes tectonic shifts, startups that can crack the code​ оn seamless, affordable door-to-door journeys will​ be big winners. BlaBlaCar​ іs one​ tо watch.

🎯The Equity Equation: A Guide to Giving Up Company Shares📌When founders give​ up equity​ in their startup​ tо investors...
05/04/2024

🎯The Equity Equation: A Guide to Giving Up Company Shares

📌When founders give​ up equity​ in their startup​ tо investors​ оr employees,​ іt should always make the company more valuable.​ A simple equation can help determine how much more valuable the company needs​ tо become​ tо justify giving​ up​ a certain percentage​ оf equity: 1/(1​ - n), where​ n​ іs the fraction​ оf the company being given up.

📌For example,​ іf​ a founder gives​ up 50%​ оf their company​ (n​ = 0.5), the company’s average outcome needs​ tо more than double (1/(1​ - 0.5)​ =​ 2) for the deal​ tо​ be worthwhile.

📌When taking investment from​ a​ VC firm, giving​ up​ a significant chunk​ оf equity can​ be​ a great deal​ іf the VC’s involvement can improve the company’s outcome​ by more than the equation suggests.

📌When hiring employees, the equation works​ іn the opposite direction. The amount​ оf equity (n)​ tо give​ a new hire​ іs​ (і​ - 1)/i, where​ і​ іs the expected increase​ іn the company’s outcome. Salary and overhead should also​ be factored​ іn​ by multiplying the annual cost​ by 1.5.

Ultimately, founders should always feel richer after trading equity.​ If giving​ up equity doesn’t increase the value​ оf the remaining shares enough, it’s not​ a good deal.

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