Wed.Jan 18, 2023

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Startup Advice in a Downturn: Reducing Burn and Burnout

The Seraf Compass

Investors supporting startups in difficult economic times are frequently called on to give advice to CEOs trying to cope. Financial issues like the cash-out date and how to raise money are always central questions, but reducing financial burn for a pre- or early-revenue startup is not the only challenge. Difficult times add an additional layer of stress to a job that is already extraordinarily stressful, and that can lead to major burnout.

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Daily Crunch: GoMechanic lays off 70% after investors discover ‘founders knowingly misstated facts’

TechCrunch

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PST, subscribe here. Helloooo, Crunchers! The heavy goods train of tech news keeps on rollin’ down (and sometimes off) the tracks. Apropos tracks, we’ve been a little besotted with this absolutely magnificent music video of Ren this week. It’s full of surprises and powerful bits — give yourself a 9-minute break and give it a listen!

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National League of Cities Webinar Features Entrepreneur Focused Economic Development Solutions

Source Link

Exciting conversations are happening in the economic development world! Thanks to the National League of Cities’ (NLC) Center for City Solutions, supporters and visionaries can come together to explore groundbreaking ways of assessing citywide economic development in a webinar series. Through these webinars, thought leaders and dynamic guest speakers share innovative approaches they use to […] The post National League of Cities Webinar Features Entrepreneur Focused Economic Development Sol

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Scrintal raises $1 million for its visual collaboration tool

TechCrunch

Founded by Ece Kural and Furkan Bayraktar, Scrintal is a visual note-taking and collaboration tool. The Sweden-based company’s product combines visual canvases with documentation to help professionals and teams go from idea to presentable work on the same screen — think Miro meets Notion meets a slew of other tools companies use to keep their knowledge in one place and their projects pointed more or less in the right direction.

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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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Indonesia’s Xendit enters Malaysian market to offer hyperlocal payment solutions

AsiaTechDaily

Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet? Register Indonesian fintech firm Xendit has officially made its debut in the Malaysian market to offer a diverse range of hyperlocal payment solutions to businesses in the country. Its focus include small and medium sized enterprises (SMEs), start-ups, and giant corporations, among others.

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Philippine agritech startup Mayani harvests $1.7m in Seed funding

AsiaTechDaily

Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet? Register Philippine-based agritech startup Mayani has announced raising $1.7 million in its Seed funding round anchored by AgFunder’s Singapore-based Grow Impact Fund. Multiple early-stage investors joined the round, including Singaporean VC firms Atlas Ventures and Accelerating Asia Ventures, Australian blue economy-focused firm Ocean Impact Organization, South Korean seed investor TheVentures

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India’s PhonePe tops $12 billion valuation in new funding

TechCrunch

PhonePe’s valuation has more than doubled to over $12 billion in a new funding round as the Indian fintech giant readies for life without parent firm Flipkart. The Bengaluru-headquartered startup said it has raised $350 million and anticipates raising up to another $650 million as part of the round in a remarkable feat at a time when fundraising activity has slowed down globally as investors become cautious.

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[Xage Security in PR Newswire] Xage announces Middle East expansion, bringing zero trust cybersecurity to the global energy hub

OurCrowd

PALO ALTO, Calif., Jan. 18, 2023 /PRNewswire/ — Xage Security, the zero trust real-world cybersecurity company, today unveiled its expansion to secure and transform critical infrastructure operations throughout the Middle East—the top energy producing region in the world. Xage has opened offices in Dubai, United Arab Emirates and Riyadh, Saudi Arabia, while appointing Ray Kafity as Vice President to lead the regional team and spearhead the strategic expansion.

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ThriveCart, which sells tools to build e-commerce carts, raises $35M

TechCrunch

Often, first-time e-commerce entrepreneurs don’t know what they need to build an effective funnel and cart experience for their platforms. It’s not their fault; the problem’s challenging. According to one source , the average cart abandonment rate across all industries is 69.57%. That means roughly seven out of 10 shoppers won’t complete their transaction, leading to an estimated $18 billion in segment-wide lost sales revenue each year.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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Temu: What It Is, and Why It Matters

Andreessen Horowitz

Over the past four months, a little-known shopping app has quietly overtaken TikTok, YouTube, and Amazon to become the most downloaded free app in both the Apple App and Google Play stores in the U.S. Launched last September, Temu is … The post Temu: What It Is, and Why It Matters appeared first on Andreessen Horowitz.

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Kate is a new car maker focused on micro-cars for everyday use

TechCrunch

Meet Kate , a French company that wants to create a tiny car that you can use for your daily commute and various errands. In addition to CEO Matthias Goldenberg and CTO Pierre Escrieut, Kate is also co-founded by Thibaud Elzière, the serial entrepreneur behind Hexa , the startup studio formerly known as eFounders. While Kate is a car manufacturer at heart, it doesn’t want to produce big SUVs with sophisticated entertainment systems.

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Compassionate Leadership: Why Understanding Your Employees Well-Being and Mental Health is Vital to Long-Term Business Success

StartupNation

Compassion comes from the Latin word compati, which means “suffer with.” Showing compassion has been a key component… The post Compassionate Leadership: Why Understanding Your Employees Well-Being and Mental Health is Vital to Long-Term Business Success appeared first on StartupNation.

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Curated Loop is ranging indie designer picks for an edgier take on fashion rentals

TechCrunch

Here’s a fashion rental startup with a twist: London, U.K.-based Curated Loop — which soft-launched a high-end fashion rental marketplace last week after bootstrapping to launch an MVP — is sourcing statement pieces from independent designers’ sample stock to style itself as an edgier alternative to more conventional rivals. Its approach means items available for rent on its marketplace may be literal one-offs (samples), or come from an indie designer’s prior season

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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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Will Shrank, Bio + Health Advisory Partner

Andreessen Horowitz

In our quest to back exceptional founders effecting transformative change in our healthcare system, we recognize and embrace the need for partnership with “the system.” To do that well requires a deep understanding of the industry’s esoteric nuance and unintuitive … The post Will Shrank, Bio + Health Advisory Partner appeared first on Andreessen Horowitz.

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Losing the horn: VCs think majority of unicorns aren’t worth $1 billion anymore

TechCrunch

The past few years have been a rollercoaster for the startup world’s herd of unicorns. Two years ago, we saw a record number of companies cross the $1 billion valuation milestone. But that momentum slowed to a trickle last year, and this year’s market conditions look likely to reverse course to a point that we may witness some of those companies losing that status.

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REASONS TO DITCH OTHER TECHNOLOGIES FOR AN ALL-IN-ONE ELECTRICAL CONTRACTOR SOFTWARE

Common Reasons Why Startups Fail

An all-in-one electrical contractor software is a software solution that combines multiple tools and features for an electrical contractor business. It is designed to manage… The post REASONS TO DITCH OTHER TECHNOLOGIES FOR AN ALL-IN-ONE ELECTRICAL CONTRACTOR SOFTWARE appeared first on.

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Bitwarden acquires Passwordless.dev to help companies authenticate users without passwords

TechCrunch

Open source password management platform Bitwarden has made its first known acquisition, snapping up a fledgling Sweden-based startup called Passwordless.dev , which specializes in helping developers integrate passwordless authentication technology into their software. The news comes shortly after 1Password and LastPass rival Bitwarden announced its first outside funding since its inception in 2015 , securing $100 million from PSG and Battery Ventures.

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Monetizing Analytics Features

Think your customers will pay more for data visualizations in your application? Five years ago, they may have. But today, dashboards and visualizations have become table stakes. Turning analytics into a source of revenue means integrating advanced features in unique, hard-to-steal ways. Download this white paper to discover which features will differentiate your application and maximize the ROI of your analytics.

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Earnouts: Seeking Safety in a Transaction

Secure Docs

Earnouts have long been a major part of the M&A space, and they tend to be even more common when times get tougher. Earnouts give buyers some protection against an acquisition’s future underperformance, and allow sellers to enjoy a higher sales price if they can hit their projected numbers. We expect earnouts to be a bigger part of the M&A landscape this year, so let’s talk about them!

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Dear Sophie: What are some fast options for hiring someone on an expiring grace period?

TechCrunch

Sophie Alcorn. Contributor. Share on Twitter. Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives. More posts by this contributor. Dear Sophie: Any tips for presenting a strong H-1B case?

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[Quantum Machines in TechCrunch] Quantum Machines continues to grow in spite of economic uncertainity

OurCrowd

This week we talk with Yonatan from Quantum Machines about real progress being made in the practical construction of hybrid computing centers with a mix of classical processors, GPUs, and quantum processors. Quantum Machines is building both hardware and software to help control, program, and integrate quantum processors within a hybrid computing environment.

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Sequoia-backed GoMechanic cuts 70% jobs amid ‘grave errors’ in financial reporting

TechCrunch

GoMechanic has laid off 70% of its workforce as the Sequoia India-backed startup grapples with funding crunch after the existing and prospective investors found that the founders had misstated facts. The move comes as the Gurgaon-headquartered GoMechanic, which offers auto-services such as repairing and carwashing, has been struggling to raise funds for over a year despite reaching advanced stages of deliberations with several investors.

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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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[Ynsect on CNBC] Improving food distribution and insects as protein substitutes

OurCrowd

In a CNBC panel on food security, IFAD President Alvaro Lario and Ÿnsect CFO Isabelle Toledano-Koutsouris share alternative means to secure global food security. Bain Global Practice Head, Sustainability & Responsibility, Jenny Davis-Peccoud and Abu Dhabi Department of Economic Development Chair H.E. Mohamed Ali Al Shorafa Al Hammadi also join the panel.

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What’s next for the entrepreneur behind Layoffs.FYI

TechCrunch

Hello and welcome back to Equity , a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single person, think about their work and unpack the rest. This week, Natasha interviewed Roger Lee , an entrepreneur who’s spent the better part of a decade building tools for employees and employers alike.

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[Nexa3D in Yanko Design] From prototype to reality: Here’s how a Hollywood concept designer used the NEXA3D ultrafast 3d resin printer to create magic

OurCrowd

Can you remember a time before 3D printers? If you’re under 30, probably not. 3D printing’s seen quite an explosion since it debuted as a consumer-centric technology with the MakerBot back in 2009. While the technology has existed for a while before that too, the Cambrian explosion that occurred post-2009 made 3D printing an essential part of almost any industry you can think of – Design, engineering, architecture, medicine, aerospace, even concept art.

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Is the Suite Strategy Right for Your SaaS Startup?

Tomasz Tunguz

Most massive software companies structure themselves with an office of the CEO, which allocates capital to different business units. Within each business unit, a general manager operates one or more products. There are three paths I’ve seen to achieve this scale: The dominant path of the last ten years: focus on a single product until the company is roughly at $100m in ARR, then build adjacent products.

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How To Package & Price Embedded Analytics

Just by embedding analytics, app owners can charge 24% more for their product. How much value could you add? This framework from Software Pricing Partners explains how application enhancements can extend your product offerings. You’ll learn: How to take a disciplined approach to pricing The three elements of the Packaging Decision Framework Ways to structure your new embedded analytics offering Download the White Paper to learn about How To Package & Price Embedded Analytics.