September, 2022

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

At our mid-year offsite our partnership at Upfront Ventures was discussing what the future of venture capital and the startup ecosystem looked like. The market was down considerably with public valuations down 53–79% across the four sectors we were reviewing (it is since down even further). ==> Aside, we also have a NEW LA-based partner I’m thrilled to announce: Nick Kim.

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Let’s Make a Deal: Negotiating Terms

The Seraf Compass

As a deal lead, once you conclude that there is enough of an opportunity to merit potential investment, and around the time you start drafting the final report, you can push through the temporary euphoria and begin negotiating the termsheet. In some cases this will be driven entirely by the deal lead, while in investor networks with dedicated management, it might be led by a manager with the involvement of the deal lead.

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4 Financial Metrics Every Entrepreneur Needs to Know (To Grow Your Business)

Entrepreneurs' Organization

Contributed by Shawn Johal , an EO member and former president of EO Montreal, who is a leadership speaker, bestselling author of The Happy Leader , and founder of Elevation Leaders , a business growth practice helping companies 10X their business valuation. A whopping 77 percent of business owners wished they better understood the numbers within their business, and 82 percent of businesses fail due to cash management problems.

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Sarah Says: What Customer Discovery Approach Is Right for You?

Venture Well

Sarah Wharmby defines the different types of customer discovery interviews early-stage innovators can use. The post Sarah Says: What Customer Discovery Approach Is Right for You? appeared first on VentureWell.

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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

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Face To Face

A VC: Musings of a VC in NYC

As we all prepare for the fall back to school/back to work season, I thought I’d touch on a topic that has been top of mind for me for the last six months. The covid pandemic taught many of us that we can be productive and our companies can succeed in a fully remote work environment. But just because you can does not mean you should. In the venture capital business, this has meant making investments in teams we don’t meet face to face.

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Why Figma is Worth $20B And Other Observations From The Adobe Acquisition

Hunter Walk

Hint: The Answer Doesn’t Involve a Spreadsheet. I’m not an investor in Figma. I don’t know Figma CEO Dylan Field. And I’m not a designer. So this means I’m either perfectly positioned to give you my objective comments on Adobe’s $20 billion purchase of the startup, or totally unqualified to ask for your time on this matter. With that out of the way, here are three statements about this acquisition.

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Venture Capital - A Practical Guide to Fund Formation and Management

The Seraf Compass

Travel to almost any part of the world these days and you are likely to run into clusters of entrepreneurship. Whether you are located in a hotbed of technology like Silicon Valley, a huge emerging market such as China, or in the ancient city of Byblos, chances are you will stumble upon a collection of entrepreneurs working to create new, vibrant companies.

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Why I Designate Time to Think Freely

Entrepreneurs' Organization

Over the years, I have consistently noticed that I get many new and different ideas when I travel away from home and get out of my regular routine. I used to believe that one of the reasons for this phenomenon was that a different venue or culture offered me a change in perspective. However, upon reflection, I think the real driver is that taking time away allows my brain to more easily access creative thinking mode, as it’s being asked to do less on an hour-to-hour basis. .

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Cultivating Inclusivity: Engagement at Community Colleges and Beyond

Venture Well

Learn how community colleges welcome and encourage entrepreneurs from non-traditional backgrounds—and how you can, too. The post Cultivating Inclusivity: Engagement at Community Colleges and Beyond appeared first on VentureWell.

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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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Most fintechs partner with banks; Varo became one, and says it’s paying off

TechCrunch

Last month, Varo Bank celebrated the two-year anniversary of obtaining its national bank charter. The move made Varo the first-ever all-digital nationally chartered U.S. consumer bank. The startup launched its banking services in 2017, aimed at making younger consumers comfortable doing all their banking online. It has raised nearly $1 billion since its 2015 inception and was valued at $2.5 billion at the time of its last raise in 2021.

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500 Founders: Luke Campbell, Marta Meszaros, Andy Bowie & Abbe Hyde

NZ Entrepreneur

Want to tap in to the best startup advice from entrepreneurs who are out there doing it? Welcome to ‘500 Founders’ where we ask innovators from around New Zealand for their top insights for first time startup founders. Luke Campbell – Cofounder. Vxt. “Startup founders should connect with other founders at similar stages to them, and ones who are a few steps ahead.”.

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Foundations for Successful Fintech Infrastructure (and Several Tradeoffs to Consider)

Andreessen Horowitz

Over the past several years, the field of fintech infrastructure has exploded with venture capital investment and entrepreneurial attention. Between the emergence of Stripe, Plaid, and other category-defining decacorns; the continued launches of financial services offerings from non-banks like Apple … The post Foundations for Successful Fintech Infrastructure (and Several Tradeoffs to Consider) appeared first on Andreessen Horowitz.

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Why Startups Need a Lead Investor

Entrepreneur's Handbook

The lead investor does the hard work to make it easy for others to invest Continue reading on Entrepreneur's Handbook ».

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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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Figma's 50x ARR Multiple & What it Means for Startup Fundraising

Tomasz Tunguz

Today, Adobe announced its intention to acquire Figma for $20b , valuing the business at 50x current ARR, the highest multiple paid for any software company of scale. Congratulations to team Figma on building their impressive business. After the correction earlier this year, public valuation multiples had reset to those of 2017. That year, Cisco acquired AppDynamics for 17x trailing revenue.

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Labeaud LLC’s Colbert “Patience Wins The Race”

Jason Malki

I had the pleasure of interviewing Labeaud Colbert who is changing the way entrepreneurs view business and marketing. She’s reached thousands with her messages of marketing, entrepreneurship and leadership. Labeaud’s distinctive point of view is a direct result of a life filled with harrowing challenges which has produced present day triumph. Since 2006, Labeaud has been a sought after thought leader.

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Keith Rabois’ OpenStore bags new funding as valuation soars to $970M

TechCrunch

Many of the e-commerce roll-up companies, also known as aggregators, slowed down this year after a record 2021. However, some younger companies in this space are still thriving. One of these is OpenStore , a company founded in 2021 as a way for Shopify entrepreneurs looking to move on to sell their businesses in a matter of days with a cash offer and less stressful experience.

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Meet the YC Summer 2022 Batch

Y Combinator

For the first time since the Winter 2020 batch, the Summer 2022 batch was in person. The batch kicked off with an in-person retreat followed by weekly meetups in San Francisco and around the world. And soon after Demo Day, we’re hosting an end-of-batch celebration with the entire YC community. The program was still remote friendly with office hours and batch talks online, but we encouraged all teams who could to move to the Bay Area to participate.

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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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The New Learning Economy: It’s Time To Build in Education

Andreessen Horowitz

As we enter the third school year of the Covid era, a disturbing new normal is settling over the country. Students continue to be chronically absent ; nearly 50,000 Los Angeles public school students failed to show up on the … The post The New Learning Economy: It’s Time To Build in Education appeared first on Andreessen Horowitz.

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The Reason My Company Can Break Marketing Rules and Yours Can’t

Entrepreneur's Handbook

3-question rule-breaker test to determine whether or not your business can profitably break the rules of marketing and win. Continue reading on Entrepreneur's Handbook ».

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Systematizing Go-To-Market Hiring

Tomasz Tunguz

This chart holds the secret to successful hiring of go-to-market teams. What is it? A stack rank of attributes within HubSpot account executive candidates that correlate to quota attainment. Preparation, adaptability, domain experience, & intelligence topped the list. Closing ability correlated negatively. The pushier the account executive, the worse the result.

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3 Benefits of Establishing a Business Trust

Entrepreneurs' Organization

Contributed by Kc Chohan, an EO Los Angeles member who is the founder of Together CFO , a financial strategy firm that helps business owners optimize their tax strategies so they can keep more of their wealth and focus on growing and scaling their business. Since I started my business in 2016, I have always been curious to know the best way to protect my assets, both personal and business.

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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

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Bond Pet Foods enters meat proteins phase with $17.5M Series A

TechCrunch

Bond Pet Foods , known for making plant-based pet treats, is shifting its focus from treats to pet food applications as it leans into the creation of “nature-identical” chicken, beef, fish and other meat proteins using precision fermentation. Last November, Bond kicked this off by announcing a partnership with Hill’s Pet Nutrition to develop a craft meat protein for its product portfolio.

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Seraf Toolbox: Writing Good Board Minutes - Top Ten Don’ts and Traps

The Seraf Compass

As noted in Seraf Toolbox: Sample Board Meeting Minutes for Early Stage Companies, board minutes are universal, somewhat mundane, and very important. In a perfect world, they would be written by outside counsel, but not every startup can or does get help with minutes, so sometimes it is up to the investors to speak up about things that should not be in the minutes and make sure the minutes protect them.

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Getting Ready to Move Upmarket

Andreessen Horowitz

Get the move upmarket right and you can unlock new users, use cases, and revenue streams. But get it wrong, and you risk losing focus, increasing burn, and stifling product innovation. So how do you prepare? Understand the unique value-add … The post Getting Ready to Move Upmarket appeared first on Andreessen Horowitz.

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How to Make Money out of Thin Air

Entrepreneur's Handbook

What it means to be an entrepreneur in 2022 Continue reading on Entrepreneur's Handbook ».

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l