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Both Things Can Be True: Bias and Bad Fundraising Advice

This is going to be BIG.

The startup ecosystem is a terrific manufacturer of bad fundraising advice. They’ll tell you all about their strategy, the order of operations of who and how they pitched, the magic slides, the timing of the raise itself, etc. Is that a good strategy? Was she just an anomaly or is there something else going on here?

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Israeli fintech Personetics raises $85M for tools to help incumbents personalize banking services to compete with neobanks

TechCrunch

Today a startup that is building tools to help incumbent address this challenge is announcing a round of funding on the back of a lot of demand for its services. “T hey are seeing the impact of the alternatives,” he said, with the migration away from the incumbents happening gradually. That’s a common thing.”

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Blockchain gaming survey: 7 investors discuss regulation, opportunities and NFT hype

TechCrunch

We asked them to share the advice they’re giving their portfolio companies, along with their thoughts on how future regulation might impact the industry. Incumbents tend to be more wary of adapting new business models and gaming is no different. What advice have you been giving your portfolio companies to grow?

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Build a company, not a feature

TechCrunch

Startups often fall into the trap of writing off incumbents as too big to act, too clueless to know what customers want and too incompetent to deliver good products. A nontrivial percentage of the companies that come to me for advice about how to make their pitch decks better have a problem far bigger than a subpar deck.

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How to Decrease the Odds That Your Startup Fails

Both Sides of the Table

But today I want to give you advice on how to decrease your odds of failure in a startup. Most of this advice boils down to an argument in favor of basic planning before starting a company or raising money. You can enter either but your strategy must be very different and I can tell you that fragmented markets are easier to disrupt.

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Textio’s Founder Kieran Snyder on the Two Advantages Startups Have in AI (While Remaining Skeptical Of The Funding Gold Rush)

Hunter Walk

But when your team is the larger organization, you can’t use this strategy. If I could give 2014 Kieran one piece of advice from 2024 Kieran, it would be to center this much more explicitly in how I approached my job as CEO. My teams always had a recognizable identity and subculture. This work is my zone of excellence.

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Column Tax announces $5.1M seed round to launch mobile tax-prep products

TechCrunch

Column Tax’s software differs from that of incumbents like TurboTax and H&R Block in that it is mobile-only and will be embedded into a customer’s existing bank account, allowing for year-round integration that the company says will cut down users’ time spent on tax prep.