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‘Open innovation is the future’ – 35 quotes of the week on entrepreneurship and leadership

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Launched in 2014, StoryBites is a weekly feature from YourStory, featuring notable quotable quotes in our articles of this past week (see the previous edition here). Share these 35 gems and insights from the week of January 17-23 with your colleagues and networks, and check back to the original articles for more insights.

See also our pick of Top Quotes of 2021 on Entrepreneurship, Investment, Digital Transformation, Storytelling, The India Opportunity, Pandemic Resilience, Failure Recovery, Design, and Art.

Good businesses are never out of funding. – Ruchir Arora, CollegeDekho

It’s not the business model that you invest in, it’s the founder. – Abhishek Rungta, Seeders VC

If you’re working towards helping startups scale up, then the relationship has to be more of a marriage. – Aditya Arora, Faad Network

When you are operating and running a business, keep the bloodline at the doorstep of the office as having personal relationships within the company may affect the business, in particular, if the third-party funds are also involved. – Raghunandan Saraf, Insaraf.com

Business is a rollercoaster ride, but one doesn’t have to get elated with successes, nor too low with failures or tough times. And tough times will come. – Falguni Nayar, Nykaa

Cinderella times will not last forever. We are not very far away from the clock striking midnight. – Uday Kotak, Kotak Mahindra Bank

As a startup ‘solo’ founder you need to be ready with a smile for any type of job every day with the same grit and energy. – Shweta Aprameya, ARTH

Paying and repeat customers are the best indicators of a product-market fit that is working. – Shreyans Daga, MyGate

The journey of a businesswoman is much challenging compared to that of a businessman. Thus, not only do they require different motivations, but also a stronger support system, which helps them to grow. – Aakanksha Bhargava, PMR

Well-equipped women entrepreneurs help in opening newer growth avenues bringing about positive outcomes at the community level. We see I-WIN as another programme in that direction. – Saumya Kumar, I-Venture @ ISB

Increased social mobility of women is a sign of a vibrant community and a strong nation. – Rajan Samuel, Habitat for Humanity India

It is also very important for women to do what feels right and shut out the outside noise if there are doubters. – Julieann Fernandes, Distell Group

Believe you can do it. No one else can convince you that you are powerful, you are skilled, you are smart, wise and knowledgeable unless you believe in yourself. – Sarah Vee, Women Of Hong Kong

From hair fall to acne, weight gain, less immunity; these are the problems people suffer a lot. And when these remedies are mesmerising everybody, why not offer these as a solution? – Amritha Gaddam, Tribe Concepts

The window to detect and treat cervical cancer is huge as it begins with growth of abnormal cells and lesions, and takes at least a decade to develop into cancerous tumors. – Sayantani Pramanik, Pragmatech Solutions

The ability to detect cancer through a simple blood test at Stage Zero can be a major breakthrough that can change the way cancer diagnosis is approached. – Nitin Deshmukh, Kotak

Our real-time link with someone we love is severed by death and loss, but memorial quilts reconstruct the pathway through a beautiful, tactile, very personal object. – Farah Ahmad, Soul Quilts

Young people are the leading voice to make the world more sustainable. – Shoko Noda, UNDP India

Batteries are so commonly used that a lot of people forget about recycling them and they end up in landfills. – Sri Nihal Tammana, Recycle My Battery

Today’s world is increasingly unacceptable to many, with three billion still living on less than $5 per day while the top 1 percent of the world’s population owns two-thirds of global wealth. – Amit Bhatia, Aspire Impact

With the rise of an informed and knowledgeable consumer base, the state of the planet and collective wellbeing are finally gaining precedence over individual preferences. – Aarti Gill, OZiva

The biggest consumer revolution we are witnessing today is that consumers not only want to enjoy eating but are also increasingly very careful on what they eat. – Pratik Gupta, Pluckk

Food is nothing without sharing. – Vikas Khanna, ‘Barkat’

Gen Z and millennials know what climate anxiety feels like; they understand that there is a link between the rising pollution, heat, humidity, and stress that has affected their scalp, skin, and hair. – Rhea Shukla, The Switch Fix

Social impact is all about running it not for monetary gain but for the satisfaction you get when you do a good deed. – Monish Darda, Icertis

Gamification and competitions not only engage new and aspiring investors, but also drive superior educational outcomes with a ‘play and learn’ product. – BITKRAFT Ventures

Each one of us has a silly side but we, however, conceal that within when going to any fancy place for dining. – Karan Nohria, Silly

There will always be many no’s before there is a big yes. But it is important to believe, with all your heart, in your artistic abilities and what you want to showcase to the world. – Radhika Lavu, Ellanar Films

If you want to do something good and build your own identity, you need to do it day and night. – Varun Pruthi

There is a lot of education that happens between peers. – Anshuman Singh, InterviewBit

Product sourcing is a global challenge with massive opportunities across both demand and supply. – Anirudh Singh, Alpha Wave Incubation

Today, customer experience and operational efficiency are key drivers of competitive advantage for any enterprise. – Andrew Lindsay, HubSpot

People might be good, but since we work in a dynamic sphere, where the industry is constantly evolving, you need to ramp up with the world outside, else tend to get left behind. – Elisha Saigal, ESSC

Open innovation is the future. – Rajiv Mukherjee, IncubateHub

YourStory has also published the pocketbook ‘Proverbs and Quotes for Entrepreneurs: A World of Inspiration for Startups’ as a creative and motivational guide for innovators (downloadable as apps here: Apple, Android).

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Down rounds are still rare by historical standards • TechCrunch

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If you thought that the recent venture capital market was tough, let me tell you about 2016, 2017, 2018, 2019 and 2020.

With the first week of December under our belts, we’re not too far away from the end of the year. And that means that 2022’s venture capital story has largely been written. It’s not a single narrative; instead, this year started on a high, with momentum from the monstrous 2021 funding period persisting into the new year. From that point, we’ve seen a slowdown accelerate into what some consider a downturn.


The Exchange explores startups, markets and money.

Read it every morning on TechCrunch+ or get The Exchange newsletter every Saturday.


Startups raised lots of capital this year. Less, yes, than last year, but more than in nearly any year in recent memory. It’s still a good time to build a tech upstart.

Does that perspective feel too sunny when we hear so much doom and gloom on Twitter regarding startup prospects in a more conservative investing climate?

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Howie Mandel gets a digital twin from DeepBrain AI

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Howie Mandel is stepping into the metaverse. DeepBrain AI has created a pretty realistic AI version of comedian and actor Mandel.

Deepbrain AI, based in South Korea and Palo Alto, California, calls its creation “AI Howie,” and it’s an interactive virtual human and digital twin for immersive and personalized fan experiences. AI Howie mentions VentureBeat and talks to me in the attached videos.

Unlike the “deepfakes” of Tom Cruise and other actors, the real Howie Mandel cooperated with DeepBrain AI to create the virtual human AI replica of the famous comedian, actor, host, and technology enthusiast. We used “virtual Paris” AI character at our recent MetaBeat event in San Francisco.

“I am equally thrilled, excited, and terrified to finally have the ability of showing up and doing things without going anywhere or doing anything,” said Mandel, in a statement. “Thank you, DeepBrain.”

DeepBrain AI applies deep learning technology to create hyper-realistic virtual humans through its AI Studios and the AI Human platforms. These virtual humans are digital twins of the real person, with the same appearance, voice, gestures, and subtle mannerisms. The AI Studios platform enables script-to-video software that synthesizes dynamic video content in seconds, producing the quickest and most
realistic AI-generated videos. The script-to-video editor makes it easy for customers to select a model and then make it say something based on a script. Within a minute or so the video is made.

This is a powerful communication and marketing tool for celebrities, professional athletes, news anchors, and even politicians. Before working with Howie Mandel, the DeepBrain AI team created digital twins of Premier League soccer superstar Son Heung-Min, multiple news anchors across Asia, and South Korean president Yoon Suk-yeol.

Joe Murphy, business development manager for DeepBrain AI, said in an interview with VentureBeat that the virtual Howie is a conversational model that you pepper with questions. DeepBrain AI designs and develops these virtual humans for the purpose of creating digital twins (like Howie Mandel), digital people, and avatars.

It takes about four weeks of machine learning work to create a Howie Mandel digital twin.

“We create models of real people,” Murphy said. “We also have completely synthetic virtual humans. That is what we’ll call digital people. And then avatars are just the basic Roblox type of avatars. But where our technology comes in with the digital twins is we go through a deep learning process to clone the person’s voice, their mannerisms, their face, the way their eyes move, the way their lips move.”

He added, “So we create what we call the digital twin of the real person with all the uniqueness of that person. Our mission is to use this technology that we’ve developed throughout Asia and bring it to America.”

In addition to the script-to-video capabilities, the company provides fully conversational experiences with its AI Human software. The AI Human solution enables fans to interact and engage with AI Howie by simply asking questions. For example, when asked, “What was your favorite act on AGT this season?” the AI Howie model responds in real-time to support interactive, fun, and engaging fan experiences.

AI Humans are available within mobile apps, web browsers, or voice-activated kiosks.

“Our vision is to humanize digital experiences and empower creative teams to generate immersive content at scale,” said Eric Jang, DeepBrain AI CEO. “Working with Howie Mandel was a fun experience, and we are excited to see how the AI Howie collaboration will connect with his fans worldwide.”

DeepBrain AI, (formerly Moneybrain), a conversational AI startup based in Seoul, South Korea, has raised $44 million in a series B round led by Korea Development Bank at a post-money valuation of $180 million. The company started in 2016 and it has raised $54 million to date. The company has 130 employees.

The AI is being used for AI news anchors in South Korea and China at four different television networks. The networks flag that the anchor is an AI avatar so that no one gets confused.

The real Howie Mandel spent about a day shooting video with DeepBrain AI.

While multiple companies are working on virtual humans, DeepBrain AI’s avatars are hyperrealistic. One of Asia’s largest insurance companies is also using it, as is a “brand ambassador” for a soccer team.

“When we worked with Howie Mandel, we went down to his studio in Los Angeles, we provided a script, and fed our training data into our neural network,” Murphy said.

It took about a day to do a video shoot with Mandel and about three to four weeks of machine learning time on the computers to generate the first AI model.

Back in January, DeepBrain AI opened its office in Palo Alto, California, and it is talking to partners in Silicon Valley and the rest of the U.S. Over time, Murphy said that the hope is to create AI avatars in realistic 3D for the metaverse. In South Korea, kiosks are appearing in places like banks with both 2D avatars and 3D avatars.

Over time, Murphy said the avatars have gotten better at mannerisms, lip sync, and subtle gestures. The speed of real-time responses in conversations has also gotten faster. The company is talking about doing more with game companies and major brands.

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This Doggy DNA Test Ships Free for the Holidays

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Opinions expressed by Entrepreneur contributors are their own.

Every pet owner wants the best for their animal sidekick. They want to spend as much time as possible with them, even at the office. But being the best dog owner you can be isn’t all about just being present. It helps to understand your dog on a genotypic as well as phenotypic level. That’s one reason why doggy DNA tests have become so popular.



DNA My Dog

If you’re wondering what to get for your pooch this holiday season, look no further than the DNA My Dog Breed Identification Test. If you order by December 8, you’ll get free shipping, but that date is coming up fast so don’t delay.

This simple, painless kit requires just a swab of your dog’s cheek to get a detailed report delivered in two weeks or less. That report includes a custom photo certificate of the breed breakdown found in your dog’s genetic breed composition, a percentage breakdown of the levels found in your dog’s DNA, and a report on the dominant breeds, personality traits, and health concerns that your dog may be genetically predisposed to. All of that information will help you be a better friend to your dog, making smarter decisions about food, training, and healthcare.

The DNA My Dog Kit was awarded at the 2020 GHO Biotechnology Awards and user Bonnie H. writes, “I loved this experience!!! The kit came immediately with great instructions. The results came exactly when promised. When I couldn’t open the attachment with the results, I emailed my concern and got instant help! To find out his DNA has been the coolest experience!”

Lock in free shipping on a unique gift for your dog by December 8. Grab the DNA My Dog Breed Identification Test on sale for 24% off $79 at just $59.99 now.

Prices subject to change.

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