Fundraising under scrutiny, optimizing LTV, visa bulletin update • TechCrunch

Plenty of companies that launched during downturns went on to be phenomenally successful. During the Great Depression, Stanford grads David Packard and William Hewlett famously set up shop in a Palo Alto garage. Microsoft was founded as the U.S. was recovering from a years-long oil embargo that hobbled the economy. Slack, Airbnb, Uber and Square … Read more

Fundraising in times of greater VC scrutiny • TechCrunch

Russ Heddleston Contributor Russ Heddleston is co-founder and former CEO of DocSend at Dropbox. More posts by this contributor Start up solo or bring on a co-founder? 4 factors to consider Essential steps to thriving and surviving while fundraising There’s no question about it: The market going into 2023 isn’t going to be what it … Read more

A new playbook for startup fundraising • TechCrunch

Miguel Fernandez Contributor Miguel Fernandez is CEO and co-founder of Capchase, which provides non-dilutive financing to SaaS and comparable recurring-revenue companies. More posts by this contributor Use alternative financing to fuel VC-level growth without diluting ownership A few years ago, founders only had two options when starting a company — bootstrap yourself or turn to … Read more

Fundraising beyond the Bay Area, web3 gaming, TDD prep checklist • TechCrunch

In a previous era, aspiring journalists relocated to New York, would-be actors made pilgrimages to Hollywood, and plucky tech founders moved to the Bay Area so they could attract capital and talent. But San Francisco is no longer the center of the startup universe, and it hasn’t been for a while. Cities like Boulder, Detroit … Read more

TechCrunch wants to hear Black founders’ stories of VC fundraising • TechCrunch

On Friday, TechCrunch reported the latest Crunchbase venture capital data, and the news isn’t very good from a diversity point of view: Black founders raised a paltry $187 million out of the $150.9 billion in venture capital allocated in Q3 this year. To put that into perspective, that’s only 0.12% of the total investment made … Read more

Notarize signs off on 25% staff reduction, admits challenging fundraising environment – TechCrunch

Notarizea startup that offers remote online notarization services, has let go of 110 people – or 25% of its workforce. Doing the math, the seven-year-old, Boston-based company had about 440 employees before the staff reduction. When the COVID-19 pandemic first began, demand for Notarize’s services, dubbed RON for short, skyrocketed as people were confined to … Read more

8 steps for building a financial model to calculate your fundraising needs – TechCrunch

Blair Silverberg Contributor Blair Silverberg is co-founder and CEO of Hum Capital, a financial services company using technology to accelerate the fundraising process. More posts by this contributor 3 keys that unlock data-driven fundraising Know your startup’s value so you can communicate it to investors The ongoing market downturn and layoffs at tech companies have … Read more

Growth marketing survey, VC TikTok, fundraising amid a downturn – TechCrunch

According to Crunchbase, more than 17,000 tech workers have lost jobs since the start of this year. That’s painful, but for perspective: TechCrunch tracked more than 100,000 tech layoffs between August and December 2008. In my experience, founders and investors usually come out unscathed on the other side of events like these. For below-the-line employees, … Read more

8 factors to consider when fundraising during a downturn – TechCrunch

After managing and exiting two startups over a 20-year career, Karl is now M13’s managing partner. Previously as DigitalOcean’s COO, Karl built the business from first product to over 500 employees and $250M ARR over six years and prepared it for its IPO. These are challenging times, but this is not the first time I … Read more

Understanding the actual cost of fundraising – TechCrunch

Rebecca Mitchem Contributor Rebecca Mitchem is a companion at Neotribe Ventures, which invests in early- to growth-stage firms growing breakthrough applied sciences. She co-manages Ignite, a $90 million fund targeted on growth-stage firms throughout industries together with computational biology, enterprise safety, blockchain applied sciences, clear tech and extra. Why is enterprise funding so complicated? Isn’t … Read more