Mon.Mar 13, 2023

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Y Combinator cuts nearly 20% of staff, scales back growth stage investments

TechCrunch

Y Combinator will be writing fewer checks for late-stage companies, a scale back that also cost 17 team members — or roughly 20% of the accelerator’s employees — their jobs, according to a statement released on Monday. The accelerator told TechCrunch that Silicon Valley Bank’s failure was not a factor and that they have been strategizing about the shift “well before” the collapse; over 30% of Y Combinator’s startups are exposed to SVB.

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The Silicon Valley Bank Crisis: Resources and Information

Angel Capital Association

NOTE: As things are moving rapidly, please note this page and resources will be updated as they become available. Click here to move down the page to resources. Monday, March 13, 2023 - The near-term crisis has largely been averted with the Federal Reserve, Treasury and FDIC regulators announcing that depositors regained access to 100% of their money starting Monday and that no losses will be borne by the taxpayer.

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Finding your startup’s valuation: An angel investor explains how

TechCrunch

Marjorie Radlo-Zandi Contributor Share on Twitter Marjorie Radlo-Zandi is an entrepreneur, board member, mentor to startups and angel investor who shows early-stage businesses how to build and successfully scale their businesses. More posts by this contributor 5 sustainable best practices for bootstrapped startups You’ve sold your company. Now what?

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84% of subscribers eye full cloud migration in two years – Alibaba Cloud survey

AsiaTechDaily

Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet? Register Most of the businesses that are currently subscribed to cloud services are set to make a full cloud migration in the next two years. This is according to a survey that was commissioned by Alibaba Cloud, the digital technology and intelligence backbone of Alibaba Group.

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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Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business.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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A comprehensive list of 2023 tech layoffs

TechCrunch

Last year’s tech-wide reckoning continues. In 2023, layoffs have yet again cost tens of thousands of tech workers their jobs; this time, the workforce reductions have been driven by the biggest names in tech like Google , Amazon , Microsoft , Yahoo and Zoom. Startups, too, have announced cuts across all sectors, from crypto to enterprise SaaS. The reasoning behind these workforce reductions follows a common script , citing the macroeconomic environment and a need to find discipline on a tumultu

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Indonesia’s Broom builds out automated asset-backed lending for used car dealers

TechCrunch

The Indonesian used car market is on a course for growth fueled by a number of trends : the increasing digitization in used car sales; a larger variety of finance options; and the COVID-19 pandemic, which pushed the idea of private car ownership. Broom , an Indonesia-based auto-financing startup that wants to help used car dealers work more efficiently by applying the asset-backed lending model to their businesses — offering in-app trading among dealers and providing new financing to do

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Asia’s premier tech event Beyond Expo 2023 returns to real-world event in Macao to showcase cutting-edge technology

AsiaTechDaily

Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet? Register The third edition of BEYOND International Technology Innovation Expo (BEYOND Expo) returns to its real-world conference format in Macao from May 10 to 12, 2023. The live-streamed and in-person conference format will provide exhibitors and attendees with more direct access to media channels and networking opportunities than ever before through the largest and most influential technology

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Mercury expands FDIC insurance up to $3M through new Vault product

TechCrunch

Mercury , a startup that provides banking services for other startups, is offering customers expanded FDIC insurance of up to $3 million via a new product in the wake of Silicon Valley Bank’s collapse. That’s 12x the industry standard for institutions of $250,000 in FDIC insurance that other institutions offer. Immad Akhund, CEO and co-founder of Mercury, told TechCrunch that his team worked on the new product, called Mercury Vault, over the weekend.

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What business should you be building and why you should be building a SAAS startup in 2023

Founder Bounty

YC , one of the world best early stage tech investors, had had its latest cohort which had 65% invested in b2b SAAS startups which shows. We have put a couple of other reasons together why you should be building SAAS startups. There are several reasons why building a SaaS startup in 2023 could be a good idea and we have put together a list for you guys.

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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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123 Baby Box delivers for parents seeking children’s products without the hassle

TechCrunch

The internet is a big place, and there are millions of recommendations for products tailored to babies. So how do you find the right products? And why would you trust a 20-something person with no children to help you? Well, Zarina Bahadur got her inspiration, actually, from a mother in the grocery store when she was a student at The University of California Irvine studying business.

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Growfin raises $7.5m as it grows AI-based cash collection SaaS in US, Asia

AsiaTechDaily

Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet? Register Growfin, a SaaS fintech startup, has raised $7.5 million to boost its operations in the US and Asia to double down on building more AI-based technology and expand its platform. The Series A funding round was led by Singapore’s SWC Global, the startup said in a statement.

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Despite 2022’s volatility, VC funds performed better than you think

TechCrunch

Over the last year, the venture industry has had a tough time. Many feared that the bull market had pushed valuations to unsustainable heights and would result in a windfall of startup down rounds and cash burn, which would have a negative impact on VC fund performance. But before SVB failed , it was going relatively well. It might appear that the opposite is true, at least according to a report about the University of California’s endowment.

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There’s One Thing No Good Startup Advisor Will Ever Ask For

Entrepreneur's Handbook

And you can judge if a startup advisor is worth having simply based on whether or not they take it if you offer.

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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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The one where Alex and Natasha catch the Equity audience up on SVB

TechCrunch

Hello and welcome back to Equity , the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is Alex and we are here to do our Monday show, a kickoff for the week that covers startup news, tech news and a little bit of the money that powers both. Given how bonkers the last few days have been, this is not a normal show.

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[SeeTrue in Ads Advance] Smiths Detection furthers Open Architecture acceleration with SeeTrue

OurCrowd

Smiths Detection announced today that it is collaborating with SeeTrue, a supplier of artificial intelligence threat detection software, to seamlessly integrate its threat products with Smiths Detection’s leading X-ray screening equipment. Read more here. The post [SeeTrue in Ads Advance] Smiths Detection furthers Open Architecture acceleration with SeeTrue appeared first on OurCrowd Blog.

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Silicon Valley Bank’s new CEO sends letter to clients: ‘We are conducting business as usual’

TechCrunch

Silicon Valley Bank’s clients received a surprising email in their inboxes late Monday evening from the bank’s new CEO Tim Mayopoulos stating that the institution was not only open, it was also business as usual. “Silicon Valley Bank, N.A. is open and conducting business as usual,” the email, obtained by TechCrunch from multiple sources, read. At the time of publication, SVB’s website has been restored.

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[BlueNalu in Business Wire] BlueNalu advances strategic partnership with Nutreco to progress cell-cultured seafood

OurCrowd

SAN DIEGO–(BUSINESS WIRE)–BlueNalu, a global leader in the development of cell-cultured seafood, announced today the signing of a Letter of Intent (LOI) with Nutreco, a global leader in animal nutrition and aquafeed. Building on the success of earlier collaborations, this agreement represents joint interest in the establishment and scale-up of a food-grade supply chain for cell-cultured seafood manufacturing.

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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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First Republic Bank shares plunge, prompting trading halt as startups process SVB crash

TechCrunch

Shares of First Republic Bank fell sharply in early trading this morning, which caused trades of the company to be paused due to volatility, implying investor discomfort with the financial institution despite government activity over the weekend to sort the Silicon Valley Bank crisis and potential cascading effects. The volatility comes just days after a stock market selloff that previewed SVB’s failure, as concern of contagion remains among analysts and the tech community more broadly.

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What to Know About the Sudden Collapse of Silicon Valley Bank

StartupNation

It came fast and it may not be over yet. Silicon Valley Bank (SVB) collapsed over the past… The post What to Know About the Sudden Collapse of Silicon Valley Bank appeared first on StartupNation.

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Daily Crunch: HSBC buys Silicon Valley Bank UK, says ‘customers should not notice any changes’

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. H’okay, so here’s the earth. That’s a sweet earth, you might say. This weekend has been So Very Busy with a certain Silicon Valley Bank toppling over. You couldn’t go anywhere this weekend without overhearing dozens of conversations and realizing that everyone in San Francisco was an FDIC and national banking bailout expert, so that’s good (?

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[VIDEO] What's More Important--Strategy or Execution?

Red Rocket

I was recently interviewed by ASBN , an online "television network" serving the small business community, about which is more important for your business--your strategy or your execution of that strategy. As you will learn, you can't have one without the other. I thought this video turned out great, and I wanted to share it with all of you, to see if it can be helpful to you in making sure you have the right team in place to hit your desired targets.

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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.

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After SVB failure, regulators close crypto-friendly bank Signature Bank

TechCrunch

Signature Bank is the second casualty of the ongoing banking crisis in the U.S. The New York-based financial institution stopped operating abruptly on Sunday — customers will be made whole. Regulators said that Signature Bank also caused a systemic risk and could threaten the U.S. banking system. In other words, the government is stepping up to protect the economy.

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The Thriving Entrepreneurial Spirit of Durham

Forward Cities

“The role of Outreach Director for E3 Durham has been a gift. I get to see people’s passions and dreams manifest thanks to the resources of the program. I’ve been given a beneath-the-surface sense of the spirit of Durham and the growing ecosystem here.

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Product-led growth is propelling a wave of sales tools startups

TechCrunch

This might be the year when we see more companies adopting sales tools that bridge the gap between traditional CRMs and product-led growth models to help sales teams more effectively convert leads with the help of usage data. Why is this happening now? Well, companies are going hybrid, whether with their business model or their pricing. For instance, more companies are adopting usage-based pricing models, but they’re often mixing it with existing pricing models, such as subscription tiers.

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[Ynsect in Nature] Marubeni hopes Japan will snap up bug-based fish feed

OurCrowd

TOKYO — Are insects the answer to the Japanese fish farming industry’s worries about soaring food costs? Trading house Marubeni is on a quest to find out. The Japanese company has signed a basic agreement with Ynsect, a French startup that operates insect farms raising nutrient-rich mealworm larvae, to develop feed suited to fish commonly farmed in Japan like sea bream and yellowtail.

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ABM Evolution: How Top Marketers Are Using Account-Based Strategies

In times of economic uncertainty, account-based strategies are essential. According to several business analysts and practitioners, ABM is a necessity for creating more predictable revenue. Research shows that nearly three-quarters of marketers (74%) already have the resources needed to build successful ABM programs.