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This Week in VC – Scott Painter, CEO of Zag & TrueCar

Both Sides of the Table

In fact, he’s personally started 34 businesses and run 17 of them. But he did tell the story in our interview of the first business he ever founded – at 14. He started a car washing business as a way to be able to drive other people’s fancy cars. He’s personally led more than 50 financing rounds.

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These 3 Entrepreneurs Share Tips for Overcoming E-Commerce Product Launch Obstacles

StartupNation

Consumers around the world spent $900 billion at online retailers in 2020, according to report from the Mastercard Economics Institute. This growth, regardless of sales channel, has been massively powered by startups and small businesses. Up to 30% of that shift is expected to be permanent, too.

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Zylo, a SaaS management platform, raises $31.5M

TechCrunch

A separate report from from Vertice, a SaaS purchasing and spend management platform, found that SaaS pricing is growing 4x faster than market inflation; that customers are spending 53% more on licensing than they were five years ago; and that $1 in every $8 that organizations spend is now dedicated to SaaS.

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Thoma Bravo agrees to acquire digital forensics firm Magnet Forensics for over $1B

TechCrunch

billion) to acquire Magnet Forensics, a Waterloo-based company making software used by defense forces and businesses to investigate cybersecurity threats. which will pay Magnet Forensics shareholders a 15% premium over Thursday’s closing price on the Toronto Stock Exchange. billion in 2028, according to a recent Imarc report.

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How to Package and Price Embedded Analytics

Just by embedding analytics, application owners can charge 24% more for their product. How much value could you add? This framework explains how application enhancements can extend your product offerings. Brought to you by Logi Analytics.

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3 recruiting metrics that can help startups make more data-driven hiring decisions

TechCrunch

According to Harvard Business Review , the price of a bad hire is 30–50% of their salary, which can hit startup budgets hard in 2023. Сost per hire Cost per hire is one of the most essential business metrics, which must be included in a company’s profit and loss report. Second, tally up all expenses.

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Kenya cracks down on digital lenders over data privacy issues

TechCrunch

Digital lenders that share personal data of loan defaulters, with third parties, risk license withdrawal in Kenya after lawmakers added a clause – granting the banking regulator the mandate to revoke permits of operators who breach customer confidentiality – to the new law passed by the country’s National Assembly. .