After the sales software startup, TigerEye shut down its A group and set up a board of directors, which its founders put to notice:
The only thing we’d like not to do is a three-hour non-strategic board meeting.
“Every palette collection I’ve created and seen is over 80 pages,” says Tracy Young, co-founder and CEO of TigerEye. “I am not exaggerating.”
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In this TC+ article, she explains how to organize a one-hour board meeting that creates real value for founders and investors. Step one: Replace your bulky portfolio with a three-page memo.
We’ll be taking Monday, May 29th off to celebrate Memorial Day, so I’ll be back with another TC+ roundup a week from today.
Have a great weekend!
Managing Editor, TechCrunch+
Why don’t venture capitalists flock to fund startups in the cybersecurity field?
The accelerated digitalization has been remarkable for mature cybersecurity companies: Palo Alto Networks, Scaler and CrowdStrike are showing strong revenue multiples, Alex Wilhelm reports.
But there doesn’t seem to be a halo effect for venture-backed cybersecurity startups. According to Crunchbase, corporate financing in this sector decreased by 58% in the first quarter of 2023 compared to the first quarter of 2022.
“Because of lower valuations across the board, today’s cybersecurity stock prices have fallen significantly, even if they remain more expensive than other technical subcategories,” Alex wrote.
Profitability Over Growth: 5 Investors Explain Their Mantra For South Korean Startups
South Korea has seen a unicorn boom in recent years, but like the rest of the world, it is feeling the effects of a global market correction.
“Project financing in Asia in the first quarter of 2023 decreased by 33% compared to the fourth quarter of 2023 and 57% from the first quarter of 2022,” reports Kate Park, which polled five investors to get their forecasts for 2023 and find out how they present Advice to portfolio companies. :
- Han Kim, General Partner, Altos Ventures
- Tim Chai, Managing Partner, 500 Global
- JB Lee, CEO and Managing Partner of SoftBank Ventures Asia
- Yeemin Chung, Managing Director, BRV Capital Management
- Eunse Lee, Founder and Managing Partner, 541 Ventures
Ask Sophie: What are my options if the company revokes my OPT job offer?
I am an international student graduating this month, but the company I was supposed to start working for in the Occupied Palestinian Territories has canceled my job offer.
What are my options?
– grappling grad
3 things companies must do to secure their applications in the age of artificial intelligence
Companies with AI-enabled applications give bad actors a wider attack surface when it comes to phishing, bots, and other attempts to gain access to customer accounts.
“We’re already seeing examples of AI-powered sites being reverse-engineered for free AI computing,” says Reed McGinley-Stempel, co-founder and CEO of Stych, a customer identification and access management (CIAM) platform.
Investment leasing: the unsung hero of hardware startups struggling to raise capital
Hardware startups have always been challenged when it comes to high initial capital expenditures and open research and development timelines.
Fortunately, leasing projects creates “a happy medium between costly debt loans and venture capital financing that works particularly well,” says Felipe Chávez Cortes, CEO and co-founder of robotic food delivery company Kiwibot.
To bring products to market faster while avoiding dilution, his company struck a $10 million project lease deal.
According to Curtis, “Hardware companies should not feel limited to venture capital money to fund their high-risk, high-growth operations.”
Pitch Deck Teardown: Series A Pitch Pitch, worth $10 million
Start-up Insurtech has shared a revised version of the 19 tranches its founders used to secure a $10 million Series A round.
“Let’s get this straight out of the way,” says Haji-Jan Camps. “This is a really excellent presentation.”
- cover slide
- Summary slide
- Team slide
- problem slide
- market size segment
- Insurance market overview slide
- Product overview slide
- Slide product features 1
- Slide 2 product features
- Slide 3 product features
- Product features, slide 4
- Go-to-market segment
- Financial growth metrics segment
- Customer growth metrics segment
- Customer Verification Slide 1
- Competitive landscape slide
- Slide ask
- Customer verification segment 2
- Close the slide with the mission statement