After sales software startup TigerEye closed its Series A and formed a board of directors, its co-founders announced:
One thing we don’t want to do is a three-hour, too-in-the-weeds, non-strategic board meeting.
“Every board deck I’ve ever done and seen is over 80 pages long,” says Tracy Young, co-founder and CEO of TigerEye. “I won’t exaggerate.”
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In this TC+ article, he explains how to make a one-hour board meeting create real value for founders and investors. Step one: replace your big deck with a three-page memo.
We’re taking Monday, May 29th off to celebrate Memorial Day, so I’ll be back with another TC+ roundup a week from now.
Have an amazing weekend!
Editorial Manager, TechCrunch+
Why don’t venture capitalists fund cybersecurity startups?
The rapid digital shift is good for mature cybersecurity companies: Palo Alto Networks, Scaler and CrowdStrike show strong revenue multiples, reports Alex Wilhelm.
But there is no visible halo effect for venture-backed cybersecurity startups. According to Crunchbase, funding for companies in this sector fell 58% in Q1 2023 compared to Q1 2022.
“Because valuations have declined across the board, cybersecurity equity prices are now severely depressed, although they remain more expensive than other technology subcategories,” Alex wrote.
The profit of 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.
“Venture funding in Asia in the first quarter of 2023 is down 33% from Q4 2023 and 57% from Q1 2022,” reported Kate Park, who surveyed five investors to get their predictions for 2023 and learn how they advise their portfolio companies :
- Han Kim, general partner, Altos Ventures
- Tim Chae, managing partner, 500 Global
- JP Lee, CEO and managing partner, 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 a company revokes my OPT job offer?
I’m an international student graduating this month, but the company I’m supposed to start working on OPT has canceled my job offer.
What are my options?
– Grappling Grad
3 things businesses must do to secure their applications in the AI era
Companies with AI-enabled applications give bad actors a broader attack surface when it comes to phishing, bots and other attempts to access accounts in customer.
“We’ve already seen examples of reverse engineering AI-powered sites to get free AI computing,” said Reed McGinley-Stempel, co-founder and CEO of Stych, a customer identification and access management (CIAM) platform.
Venture Leasing: The unsung hero for hardware startups struggling to raise capital
Hardware startups are often challenged when it comes to high initial capital expenditures and open R&D timelines.
Fortunately, venture leasing creates “a happy medium between expensive debt financing and VC funding that works really well,” says Felipe Chávez Cortés, CEO and co-founder of robotic food delivery firm Kiwibot .
To bring products to market faster while avoiding dilution, his company closed a $10M venture leasing deal.
“Hardware companies should not feel limited by VC funds to fund their risky, high-growth operations,” according to Cortés.
Pitch Deck Teardown: Faye’s $10M Series A deck
Insurtech startup Faye has shared a redacted version of the 19-slide deck its founders used to raise a $10M Series A round.
“Let’s get it right off the bat,” Haje Jan Kamps said. “It’s a very good pitch deck.”
- Cover slide
- Summary slide
- Team slides
- Problem slide
- Market size slide
- Insurance market overview slide
- Product overview slide
- Product features slide 1
- Product features slide 2
- Product features slide 3
- Product features slide 4
- Go to the market slide
- The financial growth metrics slide
- The customer growth metrics slide
- Customer validation slide 1
- Competition slide on the scene
- The Question slide
- Customer validation slide 2
- Closing slide with mission statement