Technology Entrepreneurship in Times of Covid

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Being an entrepreneur today in the technology field requires a solid minimum viable product. That means that the founder has to understand what his or her user base needs are, and how to satisfy that need with an effective solution. Many IT startups these days are focused on cloud computing, cybersecurity, Internet-based communications, and data centers. A well-known serial entrepreneur in this space is Bronxville’s David Walsh who is helping startups move to more remote work during the days of Covid.

Remote Work

Why are technology startups doing so well during the pandemic? Remote based businesses have seen an uptick in profit. This is due to the masses of people who are currently online more frequently than they were before the outbreak.

Many companies still have the majority of their workforce working from home, which especially applies to IT startups. We see an increased interest in IT collaboration tools like Zoom, Slack, and Trello. People don’t need to physically meet anymore so we these tools to facilitate the work.

Remote working is proving to be an effective and profitable strategy for companies. Domain names can be purchased inexpensively. The reduction of in-person meetings has created a reduced carbon footprint because people don’t need to drive their vehicles to commute for work every day. A website is now viewed in the same way that a brick-and-mortar store was 20 years ago.

Clouds

Clouds are essentially physical servers and networks. These would cost individuals hundreds of thousands of dollars to stand up on their own, but cloud computing companies offer their resources at a fraction of the cost. Third-party vendors often white-label cloud solutions to earn a margin. This means they create a word press website, then sign a third-party, white-labeled company and begin selling their space for profit.

Cybersecurity

Cybersecurity requires a certain degree of coding knowledge. David Walsh Bronxville had this knowledge when he began in cybersecurity. Basically, if you can discern which tools are used to build a website, then you can break it.

Each coding language has known vulnerabilities, which can be simple or complex depending upon the version of the code used. PHP, for example, is used for all of the WordPress websites including Facebook. Many of these can be hacked by using a simple SQL injection to obtain the admin credentials and log in to the admin portal.

Another approach these companies might use is a brute force attack. This is done by swamping the domain with requests which kick others off so that the hackers can jump on. Big companies pay for outsourced companies to find these vulnerabilities and mitigate them to ensure the security of their resources and data.

The great thing about today’s technology is that small-scale operations have the ability to jump in and play with big fish in the realm of IT startups. Internet-based communications and data centers can be more difficult to break into due to economies of scale, but there are solutions available like white-labels which can make huge profit margins.

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