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I won’t use this space to convince anyone not to start a startup, but founders need to acknowledge that investors are looking for reasons. not at all To give money these days.
Maybe you don’t have a lot of income. Or maybe, too much of your cash flow depends on one customer. Oh, and when are you on track to join the $100 million ARR club?
Given the current situation, best practices for fundraising and investor alignment are less relevant than they were a year ago. Back then, the prospect of early promotion was enough to shut down many teams in the seeding and Series A rounds.
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Today, startups with long sales cycles that are not cash flow positive may not even be considered for further investments.
If you’re curious about what types of startup investors are (and aren’t) willing to see, Kami Vision CEO Yamin Durrani wrote a comprehensive article about the changes he saw between Q4 2021 and Q3 2022 fundraising.
“Don’t panic, VCs are interested in investing now — in a few areas,” he wrote. In the article, he shares seven strategies he used to successfully raise money, such as targeting 30-60 investors.
Nowadays, it takes longer to raise money than you think your company is worth. But if you’re starting a startup with the intention of getting rich, you’re already on the wrong track.
Thank you for reading
Walter Thompson
Editorial Manager, TechCrunch+
@your main actor
Growth Cheat Code: Use fractional hiring to stay on plan while cutting costs
Image Credits: Henrik Sorensen (Opens in a new window) / Getty Images
As the winds of winter begin to blow, major tech companies like Google, Microsoft, and Lyft have each instituted hiring freezes.
Similarly, early-stage startups are under pressure to slow down the burn while maintaining momentum, but “fractional hiring is a growth cheat code” when used strategically, says Teja Yenamandra, co-founder and CEO of Gun.io.
“There’s a lot less competition for talent to hire now, and you might be able to lock down a hire that wasn’t capable a few months ago.”
Dear Sophie: What are the student and work visa procedures for students?
Image Credits: Bryce Durbin / TechCrunch
Dear Sophie,
I am in India. I am interested in studying computer science and artificial intelligence in American universities next year and eventually work in the US.
Can you please explain the visa process for both students and professionals who want to work in the US after graduation? Is there anything I can do to plan ahead?
– Spirited student
The robotics scene remains fierce, but layoffs are looming.
Image Credits: Westend61 / Getty Images
This week at TC Sessions: Robotics 2022, Natasha Mascarnhas spoke with three investors about how “a capital-intensive sector with a long sales horizon and many infrastructure hurdles” is riding this downturn.
- Kelly Chen, Partner, DCVC
- Bruce Lake, Founder, Playground Global
- Helen H. Liang, Founder, FoundersX Ventures
“On the less rosy side, I think the layoffs are still to come,” Chen said.
“In an economic downturn, the customers will not be willing to experiment, so they are thinking about reducing costs, and economics will be very important.”
Pitch Deck Teardown: Archive $9.7M Pitch Deck
Image Credits: Archive (Opens in a new window)
Last week, HJ Jan Kamps raised $9.7 million in seed funding for Archive, a “blockchain-powered museum” that will be used to build a crowdsourced decentralized museum.
This week, he reviewed 12 slides from the winning site archives:
- Cover slide
- mission slide
- Problem slide
- The solution slider
- Business model slide
- Value proposition slide
- Road map slide
- Market context slide
- Market size slide
- Milestones and the next slide
- Group slide
- Closing the slide
What failure? Investors remain bullish on artificial intelligence as the Great Recession eases.
Image Credits: Abscent84 / Getty Images
Levi Strauss is a favorite among Bay Area entrepreneurs: a Bavarian immigrant who arrived during the Gold Rush, who opened a dry goods store to speculators hoping to fill the jeans of the new denim with shiny nuggets.
Like Strauss, HR technology startups that help other companies dig for talent gold have grown in fortunes, and managing, hiring and tracking great job applicants has become more important than ever.
“Innovation in artificial intelligence has exploded as the pandemic accelerates the long-term transition to digital, distributed and data-driven work,” said Alison Baum Gates, general partner at SemperVirus Venture Capital.
Can Medicare save the insurance market?
Image Credits: Mirage C (Opens in a new window) / Getty Images
In the year By 2020, the US will spend 20 percent of GDP on health care. Every day, nearly 11,000 people turn 65, making them eligible for Medicare, the federally funded health insurance program that is enrolling new patients faster than ever before.
Companies that help consumers navigate the complex Medicare market have a big opportunity: “The average senior has to choose between 57 different plan options, and most of them can’t tell them apart,” said TX Zhuo and James Shecter of Fika Ventures.
They shared their six-point investment research with TC+ readers to show that Medicare is the “bright spark” that lights up the “entire insurance market.”
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