After sales software startup TigerEye closed its Series A and established a board of directors, its co-founders put them on notice:
One thing weâ€™d like to never do is the three-hour, too-in-the-weeds, non-strategic board meeting.
â€œEvery board deck Iâ€™ve made and seen is more than 80 pages long,â€ says Tracy Young, co-founder and CEO of TigerEye. â€œI am not exaggerating.â€
Full TechCrunch+ articles are only available to members.
Use discount code TCPLUSROUNDUP to save 20% off a one- or two-year subscription.
In this TC+ article, she explains how to structure a one-hour board meeting that creates real value for founders and investors. Step one: Replace your enormous deck with a three-page memo.
Weâ€™re taking Monday, May 29 off to celebrate Memorial Day, so Iâ€™ll be back with another TC+ roundup a week from today.
Have a fantastic weekend!
Editorial Manager, TechCrunch+
Why aren’t venture capitalists flocking to fund cybersecurity startups?
The accelerated shift to digital has been great for mature cybersecurity companies: Palo Alto Networks, Scaler and CrowdStrike are showing strong revenue multiples, reports Alex Wilhelm.
But there doesn’t appear to be a halo effect for venture-backed cybersecurity startups. According to Crunchbase, funding for companies in this sector fell 58% in Q1 2023 compared to Q1 2022.
“Given that valuations are down across the board, todayâ€™s cybersecurity equity prices have been dramatically depressed, even if they remain more expensive than other tech subcategories,” writes Alex.
Profitability over growth: 5 investors explain their mantra for South Korean startups
South Korea saw a unicorn boom in recent years, but like the rest of the world, it’s feeling the impacts of a global market correction.
“Venture funding in Asia in the first quarter of 2023 declined 33% from Q4 2023 and 57% from Q1 2022,” reports Kate Park, who surveyed five investors to get their predictions for 2023 and find out how they’re advising their portfolio companies:
- Han Kim, general partner,Â Altos Ventures
- Tim Chae, managing partner,Â 500 Global
- JP Lee, CEO and managing partner,Â SoftBank Ventures Asia
- Yeemin Chung, managing director,Â BRV Capital Management
- Eunse Lee, founder and managing partner,Â 541 Ventures
Ask Sophie: What are my options if a company rescinds my OPT job offer?
Iâ€™m an international student graduating this month, but the company I was supposed to start working for on OPT has rescinded my job offer.
What are my options?
â€” Grappling Grad
3 things businesses must do to secure their applications in the AI era
Companies with AI-enabled applications give bad actors a broader attack surface when it comes to phishing, bots and other attempts to access customer accounts.
“Weâ€™re already seeing examples of reverse engineering AI-powered sites to get free AI computing,” says Reed McGinley-Stempel, co-founder and CEO of Stych, a customer identification and access management (CIAM) platform.
Venture leasing: The unsung hero for hardware startups struggling to raise capital
Hardware startups have always been challenged when it comes to high initial capital expenditures and open-ended R&D timelines.
Fortunately, venture leasing creates â€œa happy medium between costly debt loans and VC funding that works particularly well,â€ says Felipe ChÃ¡vez CortÃ©s, CEO and co-founder of robotic food delivery firm Kiwibot.
To bring products to market faster while avoiding dilution, his company closed a $10 million venture leasing deal.
â€œHardware companies shouldnâ€™t feel limited to VC funds to finance their high-risk, high-growth operations,â€ according to CortÃ©s.
Pitch Deck Teardown: Faye’s $10M Series A deck
Insurtech startup Faye shared a redacted version of the 19-slide deck its founders used to land a $10 million Series A round.
â€œLetâ€™s get this out of the way right off the bat,â€ says Haje Jan Kamps. â€œThis is a truly excellent pitch deck.â€
- Cover slide
- Summary slide
- Team slide
- Problem slide
- Market-size slide
- Insurance market overview slide
- Product overview slide
- Product features slide 1
- Product features slide 2
- Product features slide 3
- Product features slide 4
- Go-to-market slide
- Financial growth metrics slide
- Customer growth metrics slide
- Customer validation slide 1
- Competitive landscape slide
- The Ask slide
- Customer validation slide 2
- Closing slide with mission statement
TechCrunch+ roundup: South Korea investor survey, 1-hour board meetings, venture leasing basics by Walter Thompson originally published on TechCrunch
1xbet промокод при регистрации https://wildlife.by/images/pages/?promokod__260.html