February, 2023

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Grow Fast, Breakeven, or Die: How Moderate Cuts Will Kill Startups in 2023

This is going to be BIG.

“Extend your runway.” That’s what every VC is telling their portfolio companies these days. The very important part they’re leaving out, however, is, “But keep growing at the same pace before the cuts.” In other words, they’re telling companies that, in order to get next round funding, they’re somehow supposed to stay the same fast growers they were before the tech downturn, but just do that longer and get to higher aggregate revenue and performance numbers.

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The VC’s Customer

A VC: Musings of a VC in NYC

I saw Dan Primack assert that the venture capitalist’s customer is their limited partners in this tweet about the Citizen app, the recap, and their VCs: Regular reminder that, ultimately, VC funds works for their limited partners, not for their portfolio companies. [link] — Dan Primack (@danprimack) February 25, 2023 I DM’d Dan to let him know that is not the right way to think about the venture capital business.

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3 Types of Questions Investors Ask When They’re NOT Interested In Investing in Your Startup

Entrepreneur's Handbook

Learning how to tell when investors aren’t interested will save you tons of time and frustration.

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Anthropic begins supplying its text-generating AI models to select startups

TechCrunch

Anthropic , a buzzy AI startup co-founded by ex-OpenAI employees, has begun offering partners access to its AI text-generating models. The first commercial venture to announce that it’s integrating Anthropic models is Robin AI , a legal tech startup that’s raised over $13 million from investors including Plural, Episode 1 and the Google Black Founders Fund.

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15 Modern Use Cases for Enterprise Business Intelligence

Large enterprises face unique challenges in optimizing their Business Intelligence (BI) output due to the sheer scale and complexity of their operations. Unlike smaller organizations, where basic BI features and simple dashboards might suffice, enterprises must manage vast amounts of data from diverse sources. What are the top modern BI use cases for enterprise businesses to help you get a leg up on the competition?

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The Benefits of Encouraging Creativity and Innovation in the Workplace

StartupNation

Creativity is essential for any organization if you want to keep your business moving forward. There are numerous organizations… The post The Benefits of Encouraging Creativity and Innovation in the Workplace appeared first on StartupNation.

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Ukraine One Year Later: Insights and Entrepreneurship in Action

Entrepreneurs' Organization

Since February 2022, the UN High Commission on Refugees reports that nearly 14 million people have been displaced from their homes in Ukraine—most of them seeking safety and shelter in other countries. More than 9 million of them crossed the border into Poland alone. Dawid Adach, a co-founder of technology company MDBootstrap and former EO Poland president from 2021-22, partnered with fellow EO members Szymon Boniecki, Jakub Szalaty and many others across Europe and North America to fundraise, c

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Investing in a More Inclusive Innovation Economy

Revolution

Since the beginning of modern venture capital investing — a relatively nascent asset class — the industry has been biased toward funding what it knows best: founders with familiar demographics (white, male) in familiar geographies (Silicon Valley). Despite the recognition of bias and calls for change, systemic inequities unfortunately persist. Case in point: only 1% of 2022 VC dollars went to Black founders, a marked decrease year over year.

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The Rebrand

A VC: Musings of a VC in NYC

I’d guess that upwards of half of USV’s portfolio companies have changed the name of their company during their lifetime. It is not hard to understand why. Founders start out with an idea and not much more. By the time they have built a product, built a team, and found product market fit, they might be doing something a bit different or a lot different than where they started out.

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Sarah Says: How To Find the Right Mentor

Venture Well

Sarah Wharmby offers advice for early-stage innovators on developing and maintaining mentor relationships. The post Sarah Says: How To Find the Right Mentor appeared first on VentureWell.

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How Top Tech CFOs Solve Annual Planning’s Biggest Challenges

Gearing up for 2025 annual planning? Our latest eBook from the Operators Guild is your ultimate guide. Discover real-world solutions and best practices shared by top CFOs, drawn directly from discussions within OG’s vibrant online community. Learn from senior executives at high-growth tech startups as they outline financial planning strategies, align CEO and board goals, and coordinate budgets across departments.

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AI’s hype isn’t going to be simply star-studded 

TechCrunch

Welcome to Startups Weekly, a nuanced take on this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here. First off, hello to all the new Startups Weekly subscribers who joined us after last week’s newsletter. I’m glad we all still resonate with a comeback story. Second, here are some basics on what to expect.

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Family Office Investor Profile Series: Rashaun Williams, Founder and Chairman, Value Investment Group

The Seraf Compass

This profile is the third in a series of interviews highlighting the work of interesting family offices. Rashaun Williams is the Founder and Chairman of Value Investment Group (“VIG”) is a private equity firm specializing in influencer-backed private equity investments in tech, media and consumer products.

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Why there are so few women in tech (and what you can do about it!)

Entrepreneurs' Organization

Contributed to EO by Natalie Kaminski, an EO New York member and co-founder and CEO of JetRockets. In observance of the United Nations’ International Day of Women and Girls in Science on 11 February, we asked Natalie to share her view on women in STEM careers, and specifically in her field of computer science. Here’s what she shared: I immigrated to the US from Israel at the age of 18 with US$500 in my pocket.

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Let’s Talk: Why Broadband is Critical Infrastructure for Entrepreneurship-Led Economic Development

Source Link

Access to affordable high-speed broadband is increasingly a top priority for economic and community development leaders. According to national research from the U.S. Chamber of Commerce Technology Engagement Center, a whopping 93% of today’s small business owners use at least one type of technology platform to help them with their business. It’s compelling evidence to […] The post Let’s Talk: Why Broadband is Critical Infrastructure for Entrepreneurship-Led Economic Development appeared fi

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Your Fractional Finance and Accounting Team

Mighty Financial specializes in supporting the financial aspirations of small businesses and entrepreneurs. With our comprehensive bookkeeping and precise accounting expertise with decades of experience across diverse financial roles, our team offers tailor-made services ranging from essential bookkeeping to strategic fractional CFO support, catered specifically to the unique challenges of technology companies, startups, and SMEs.

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The 83b Election

A VC: Musings of a VC in NYC

First and foremost, this is not tax advice. I am not a tax advisor and you should never take anything you read here as tax advice. If you read something here that makes you think you should take some tax-related action, please always consult your tax advisor. With that disclosure out of the way, I would like to talk about 83b elections. An 83b election is a choice a taxpayer can make to pay the taxes in full at the time of the grant of an asset that vests over time and would otherwise be taxed a

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Five Predictions for the Future of Learning in the Age of AI 

Andreessen Horowitz

When OpenAI released its chatbot ChatGPT last year, proponents were quick to announce the death of various writing-related fields, such as screenwriting, computer programming, and music composition. One particular field stood out as a sector that would feel the power … The post Five Predictions for the Future of Learning in the Age of AI appeared first on Andreessen Horowitz.

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A year on from Russia’s invasion, Ukrainian startups show astounding resilience

TechCrunch

Today marks exactly one year since Russia’s illegal, unprovoked, and brutal of Ukraine. This week, a majority of the members of the United Nations reiterated its demand that Russia “immediately, completely and unconditionally withdraw all of its military forces from the territory of Ukraine and called for a cessation of hostilities”. It would be fair to say that TechCrunch can only concur with this sentiment.

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Singapore’s Ampotech raises S$1.77m in Pre-Series A to fund global expansion

AsiaTechDaily

Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet? Register Ampotech , a Singapore-based energy technology startup , has announced that it raised S$1,775,000 in Pre-Series A to fund its international expansion. The company plans to open its first international office in the coming months in order to bring its solutions to new industry verticals, beyond its base in commercial real estate.

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Digitalization: 5 Tech Updates That Will Help You Survive The Recession & Thrive

Lack of digitalization decreases business competitiveness. To thrive, embracing modern solutions becomes essential. The approach to digitalization often aligns with a company's business model. This shift not only boosts productivity but also automates processes and improves security. The tech market offers a wealth of technologies tailored for management, planning, and forecasting, replacing outdated pen-and-paper methods.

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EO Members Share Gratitude for Random Acts of Kindness

Entrepreneurs' Organization

The 17,000+ members of the Entrepreneurs’ Organization (EO) share a passion for entrepreneurship and maximizing their individual potential to move the world forward, together. In doing so, members forge a strong bond of support and shared experience. In observance of Random Acts of Kindness Day on February 17, we asked members to share a Random Act of Kindness they received from another EO member and how it impacted them.

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How America’s Public Libraries Nurture Entrepreneurship

Source Link

Libraries are the unsung heroes of entrepreneurship, offering essential resources and programs to equip innovators and business leaders with the tools they need to succeed. These public learning institutions transform into collaborative arenas filled with entrepreneurs ready to take their businesses off the ground. All you need is a library card to access an entrepreneurial toolbox […] The post How America’s Public Libraries Nurture Entrepreneurship appeared first on SourceLink.

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What Does “Native” Mean

A VC: Musings of a VC in NYC

When a new technology comes to market, we often look for “native” applications of that technology. What is a “native” AI application? What is a “native” Web3 application? I have not seen a better articulation of “native” than my partner Albert’s post from 2009 on native mobile applications. He started out by laying out the new primitives that mobile smartphones made available to developers.

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The Compounding Advantage of a Big Chip Stack in a Downturn

Tomasz Tunguz

During this recession, startups will fall into one of four categories which I wrote about in June. But, I missed something in this post : the advantages are compounding, which is the reason the biggest will continue to win share. It’s also the reason changing strategies can be expensive. This is the time in the startup cycle when big balance sheets become strategic advantages.

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PE Mastery: CAPTARGET's Playbook for Quality Lead Flow

CAPTARGET presents a masterclass in M&A deal sourcing. Learn to cast a wide net, embracing seller self-identification. Consistency is the linchpin: keep the origination process steady for a reliable flow of opportunities. Diversify your tactics, employing various tools and vendors. Tech matters! Understand DNS settings, domain authority, and brand presence for optimal outreach.

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Co-Creation Hub’s edtech accelerator puts $15M towards African startups

TechCrunch

Africa’s largest innovation hub Co-Creation Hub (CcHUB), is launching a $15 million accelerator program, dubbed The Edtech Fellowship Program, to back and support 72 startups across Nigeria and Kenya over the next three years, TechCrunch has learned. According to a statement shared by the firm, the accelerator program will support and amplify the impact of edtech startups across Africa, as well as support founders offering tech solutions that will address learning innovation in an educational se

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Thai digital platform MONIX closes pre-IPO round with $20m funding

AsiaTechDaily

Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet? Register Thailand’s artificial intelligence (AI)-powered digital lending platform , MONIX Co., LTD. , has announced that it successfully secured $20 million in the first close of its pre-initial public offering (IPO) fundraising. With the addition of $20 million, the company now has an aggregate funding of $40 million.

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EO Members Share Takeaways from 2023 WEF in Davos

Entrepreneurs' Organization

In the photo: WEF’s Olivier Woeffray, Julia Devos and Stephan Mergenthaler with EO members John Metcalf, Troy Armour and Nikhil Hirdaramani in Davos, Switzerland. The World Economic Forum (WEF)’s annual meeting in Davos, Switzerland convened leaders from business, government and civil society committed to driving positive, tangible change for the long-term of our planet and the people who live on it.

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Investing in Svix

Andreessen Horowitz

Every so often, we meet founders with unusually strong conviction about solving systems problems. They’ve often lived through the pain of bad software, diagnosed the cause of their suffering, and made it their mission to convince the world they have … The post Investing in Svix appeared first on Andreessen Horowitz.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr