Thu.Nov 10, 2022

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Daily Crunch: Sequoia Capital writes off its $210M investment in crypto exchange FTX

TechCrunch

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here. Tech reporting is a lot of things, but it sure ain’t boring, as the chaos around Twitter, crypto, and layoffs continues. We’re just trying to hang on for dear life to try to make some sense of it all. We think we did a pretty decent job, and here, we’ve got a selection of what’s been happening in the past 24 hours of tech. — Christine and Haje.

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How to Maximize Your Chances of Getting Venture Capital

Jason Malki

Raising venture capital is no easy task. The odds are stacked against you from the start. In fact, only about 2% of startup companies will ever receive VC funding. So, how can you increase your chances of being in that 2%? Here are a few tips. Use Your Networks One of the best ways to get VC funding is to use your networks. If you have any connections to VC firms or individual investors, now is the time to use them!

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Blnk, a fintech that provides instant consumer credit in Egypt, raises $32M in debt and equity

TechCrunch

Credit card penetration in Egypt is low, with just over 4 million cards used in a population of more than 100 million people. As such, people in the country have little or no access to credit, given the other few options that exist in the market. One of these options, consumer loans, is being explored by Blnk , a fintech launched last October. The digital lending platform partners with Egyptian merchants, allowing them to underwrite customers at the point of sale and provide them with finance to

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After 10 Years of Consulting, I’m Doing The Opposite Of Everything I Learned in Entrepreneurship.

Entrepreneur's Handbook

How about a slowly growing solopreneurship with no profit, funding, or exit strategy? Let’s see where this goes. 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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OpenAI leads $23.5M round in Mem, an AI-powered note-taking app

TechCrunch

Last year, OpenAI announced the OpenAI Startup Fund , a tranche through which it and its partners, including Microsoft, are investing in early-stage AI companies tackling major problems. Mum’s been the word since on which companies have received infusions from the Fund. But today, the OpenAI Startup Fund revealed that it led a $23.5 million investment in Mem , a work-focused app that taps AI to automatically organize notes.

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Use IRS Code Section 1202 to sell your multimillion-dollar startup tax-free

TechCrunch

Vincent Aiello. Contributor. Spencer Fane attorney and business owner Vincent Aiello helps businesses solve legal problems to secure revenue flow and reduce business risks. Whoever said you can’t have your cake and eat it too should have called their accountants and lawyers first. These professionals often receive inquiries from founders, equity investment firms and venture capitalists looking for ways to save on or avoid capital gains taxes on future business sales.

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My Business Failed (But Not For The Reasons Most Think It Did)

Entrepreneur's Handbook

4 hard lessons learned in entrepreneurship Image: Unsplash No one likes to talk about the time they failed. And for the longest time, I was one of those people. My failure affected my confidence, permanently altered my outlook on life, and left me second-guessing every decision I subsequently made. That’s not something anyone would like broadcasted in public.

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Colorado-based SpringTime Ventures pivots its focus for new $25 million fund

TechCrunch

There are a lot of changes afoot for SpringTime Ventures as it looks to deploy its freshly closed second fund. For one, the Denver-based firm is pivoting away from its original focus on its home state of Colorado, despite being the only local fund in two of the state’s 10 unicorn companies. It’s also now able to expand its team thanks to raising three times as much money for Fund II, giving SpringTime enough cash on hand to allow its partners to finally pay themselves a real salary.

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[Hailo in My Tech Cafe] B&R cameras with AI-enhanced machine vision

OurCrowd

B&R enhances its smart camera portfolio with powerful deep learning functionality. A three-way collaboration with machine vision software specialist MVTec and AI processor specialist Hailo makes the B&R camera a powerful and efficient edge device. Read more here. The post [Hailo in My Tech Cafe] B&R cameras with AI-enhanced machine vision appeared first on OurCrowd Blog.

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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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As inflation slows, did we just see the bottom for tech stocks?

TechCrunch

While the world digests the fact that FTX could be heading to zero , Elon Musk continues to make headlines with changes to Twitter policy — at times seemingly on the fly — and results from the U.S. midterm elections still trickling in, there could be some fair winds blowing for tech companies. This morning, the United States released new inflation numbers, with CNBC reporting that the consumer price index, or CPI, was up 0.4% in October and up 7.7% from the same month one year ago.

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[TechSee in PR Newswire] TechSee partners with TELUS International, adding Augmented Reality and Computer Vision AI to TELUS International’s technology stack

OurCrowd

NEW YORK, Nov. 10, 2022 /PRNewswire/ — TechSee today announced a technology partnership with TELUS International, a leading digital customer experience (CX) innovator that designs, builds, and delivers next-generation solutions, including artificial intelligence (AI) and content moderation, for global and disruptive brands. This partnership will bring TechSee’s suite of AI-powered service automation and visual engagement products to TELUS International’s customer portfolio.

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General Atlantic values media tech Amagi at $1.4 billion in new funding

TechCrunch

Amagi, which offers cloud broadcast and targeted advertising software to scores of media and entertainment giants, has raised a large new funding round as it looks to expand its tech offerings and invest in AI-powered personalization stack. General Atlantic led a new round of over $100 million, which included about $20 million in secondary buybacks, the New York and Bengaluru-headquartered startup said in a statement.

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Soft in the Middle - Examining Your Startup's Org Chart

Tomasz Tunguz

Let’s compare the organizational design of two hypothetical startups. Each has 4 layers in the company: CEO, VP/Director, Manager & Individual Contributor (IC). This first company has 112 employees across those four levels. 27 in management & 85 doers. Each manager has four reports. This is called the span of control. Layer 1 is the CEO, 2 are the VPs, etc.

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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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Galaxy, Gradient and Lux VCs will judge the TC Sessions: Crypto pitch-off

TechCrunch

One of the most popular activities at a TechCrunch conference is watching top-notch early-stage founders square off in a pitch competition. Seriously, who doesn’t love a pitch-off? And the Crypto Pitch-off is just one more compelling reason to go to TechCrunch Sessions: Crypto on November 17 in Miami. Let’s take a look at the judges our intrepid startups will need to impress.

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How do you exhibit successfully at a conference?

Terkel Small Business

How To Get The Most From Exhibiting at a Conference How do you make a booth stand out at a conference? Here are 10 ways leaders get the most from exhibiting at a conference: Listen More Than You Speak Go Above and Beyond With Your Follow Up Using Cutting Edge Augmented Reality to Stand Out […]. The post How do you exhibit successfully at a conference?

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Coefficient wants to bring live data into your existing spreadsheets

TechCrunch

With the explosive adoption of software-as-a-service (SaaS) apps, the average company now has more than 100 SaaS apps to manage — leading to data being siloed across countless different systems. That makes analysis challenging. To wit, according to Forrester, between 60% and 73% of all data within an enterprise goes unused for analytics. Ideally, analysts need something that connects disparate enterprise systems, like business intelligence and analytics tools.

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What Is A Brochure? – Types, Uses, & Examples

Feedough

Be it a big retail store like Walmart, an amusement. Read more. The post What Is A Brochure? – Types, Uses, & Examples appeared first on Feedough.

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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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‘Self-therapy’ startups are blooming in the ‘moderate mental health’ space

TechCrunch

Mental health problems — and the tech products which aim at them — come in all shapes and sizes. There are “mental wellness” products like Calm and Headspace. On the more severe side of things there is Cerebral, Betterhelp and, of course, marketplaces for actual, card-carrying therapists. If you have more moderate mental health problems there are players such as Noom (raised $657.3 million) with NoomMood , Nasdaq-listed Talkspace , Lasting and Youper (raised $3.5 million)

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What Is Open Beta? – A Detailed Guide

Feedough

A product witnesses several stages of development before it is. Read more. The post What Is Open Beta? – A Detailed Guide appeared first on Feedough.

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Pitch Deck Teardown: Syneroid’s $500K seed deck

TechCrunch

Syneroid recently raised a $500,000 round of funding to bring something halfway between microchips and dog collars to market. The company is finding some interesting slices of the market, but the deck, overall, leaves a few things to be desired. We learn more from mistakes than from perfection, so I figured it’d be a great one to dive into for this week’s pitch deck teardown!

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Escaping Hell’s Flywheel: Building Non-inflationary Distribution Channels  

Andreessen Horowitz

If you were interested in quickly launching a startup, here’s an easy formula for finding product market fit. First, identify an existing product in an industry with a low NPS (like most financial services) that has not traditionally been sold … The post Escaping Hell’s Flywheel: Building Non-inflationary Distribution Channels 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

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In times of crisis, fintech startups should take the long view instead of hibernating

TechCrunch

Vadym Synegin. Contributor. Share on Twitter. Vadym Synegin is a Ukrainian impact entrepreneur, philanthropist and investor in fintech and crypto projects with more than 15 years’ experience as an entrepreneur in Europe and the UAE. More posts by this contributor. 5 reasons why Ukraine’s fintech sector is growing despite war. The fintech industry is currently facing several macroeconomic problems, including global economic inflation, skyrocketing costs of living, companies reducing their w

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How to avoid “death by meeting.”

Berkonomics

Zoom, Teams, phone, or in person? Imagine yourself with a calendar requiring you to be in six meetings in a day. Day after day. It doesn’t matter whether you’re required to be there in person or virtually, you get worn out after a few of these. Your attention span sorely reduces to nil, and your quality of input and insights fall as the long day progresses.

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With $7M raised, Keyo launches a biometric palm verification network

TechCrunch

Maybe you’ve heard of Keyo. Perhaps you saw the initial round of press the firm did in 2017 — roughly two years after its founding. Or maybe you saw it pop back in 2020, riding the wave of news around Amazon’s lukewarmly received hand-scanner tech. You may have wondered precisely what’s been going on with the firm in the interim. “I think we were probably a bit naïve in the beginning to underestimate the true complexity of this undertaking,” admits co-founder/CEO Jaxon Klein.

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How to Start a Billion Dollar “Boring” Business (w/ Paul Orfalea)

OkDork

? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ? ?. Subscribe: Apple Podcasts / Spotify. In today’s episode, I talk to Paul Orfalea, founder of legendary Kinko’s. If you guys haven’t heard of Kinko’s before, it was a HUGLELY popular place for making copies, faxes, and more in the late 90s. Paul ran the company for 30 years. And at its peak, Kinko’s had more than 1,000 locations worldwide.

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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.