The Social Impact of Upstarts Student Venture Acccelerator
The Upstarts are the self-proclaimed title given to a loose grouping of young adults of extraordinary power and financial wealth who in their own opinion, would be a good idea for a team to play as an international team, competing against other wealthy and powerful mutant teams, for supremacy. They have taken up this challenge with a certain level of ferocity and enthusiasm that has seen them go from having a faint chance of success so long as they could survive in their upstate New York community, to winning the world tournament for the ultimate prize. However this was not enough for them to be named as one of the world’s top ten super teams. This only came when they were granted their own television show, where they are regularly pitted against some of the finest super teams and are always voted on their performance by fans. The show has gained enormous popularity and admiration across the world.
In many ways though, this new team has proven to be an underdog. The Upstarts has been known to suffer from poor leadership and the fragility of young inexperienced players. It has been noted that the team often failed to maintain scheduled practices and games, which in turn left the other team feeling very confident about winning. The team has also been linked to the controversial ‘street fighter’ lifestyle of its members and that some members have been arrested on suspicion of assault. The team’s leader, Mattel, has also faced accusations of poor leadership and organizational skills.
The team also faced serious economic issues, forcing Mattel to cut ties with its European subsidiary, which gave the startup a much needed infusion of capital. This has however provided the startup with a much needed boost in its marketing and PR campaigns, with new and innovative ideas being discussed and developed to help the business bounce back from its shaky beginnings. In response to the dire financial situation of the Upstarts, the venture has started planning for a series of business strategies that will strengthen its foundations and increase its market share in the rapidly expanding online gaming market.
There are a number of factors that have played a major role in the recent emergence of the Upstarts as a formidable force in the online gaming world. One of these is the dedication and hard work of its upstart’s team, which unlike most student-led startups is made up of seasoned players who have dealt with the challenges of the online gaming industry. Another factor that has boosted the morale of the Upstarts is their exposure to the gaming industry, with its successful history of working with leading game developers and celebrities. The other positive factor is the unique management style of the director, Michael Connelly. Mr. Connelly has been an avid gamer and has managed to get close to some of the most popular game developers in the world, including Nintendo, Sony and Microsoft, and understands the importance of the social networking aspect of online gaming.
The student venture accelerator was founded with a capital of only thirty thousand dollars. However, this was made up from a combination of various private investors, which has helped the progress from being merely a startup to being a profitable enterprise. The key factor that has helped the progress is its unique management style, which are different from most other upstarts in terms of its focus on the social networking aspect, and more importantly, on making sure that its games provide fun and entertainment, even if they are based on some serious themes. Most student startups have a limited range of games and are more interested in making money through advertising and selling its products.
The success of Upstarts has also encouraged other startup companies to follow suit and look to acquire these loans for their companies. This has been assisted by the recent introduction of federal loans for students, which allow companies that require financing for expansion to acquire these loans without having to pledge future equity as collateral. Another factor that has helped the Upstarts receive a federal loan for their business start-up is that it requires no security or asset to be offered as collateral. Since the capital requirement is only $100, the banks feel that they are able to offer this type of loan to an upstart company that is already very well established and has enough financial stability to sustain itself for the next three to five years.