As valuations come down, now greater than ever, founders “need to prove their company is built to last with long-term profitability and scalability in mind,” writes Russ Heddleston, CEO of DocSend at Dropbox.
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In keeping with DocSend knowledge, buyers aren’t scouring pitch decks as earnestly as they had been previously. There’s nonetheless a marketplace for early-stage offers, although. “For founders now, perfecting the pitch, having an efficient sales strategy, and scoping the product with urgency will create a strong foundation for success that attracts investors.”
Thanks for studying and comfortable holidays!
Ask Sophie: Is it simpler but for AI founders to get inexperienced playing cards?
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Expensive Sophie,
I’m within the Biden administration’s efforts to retain AI expertise in the USA. How is the administration making it simpler for AI corporations to sponsor staff for everlasting residence? Will the variety of inexperienced playing cards earmarked for people within the AI subject improve?
— All About AI
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Crypto valuations ‘came back to earth’ in 2023, however VCs count on them to rise once more in 2024
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This yr hasn’t been nice for crypto companies, however change could be on the horizon. Specialists informed Jacquelyn Melinek that crypto exercise is more likely to choose again up once more in 2024. “The drier funding climate of 2023 only served to weed out the weaker businesses that had managed to secure capital in 2021,” she writes.
Seed to Sequence A: Strategic insights for tech founders within the 2024 enterprise panorama
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A brand new report from Discussion board Ventures gives a very good take a look at the present state of early-stage B2B SaaS investments.
The information could be discouraging, “but the silver lining is that rounds are still getting done and companies that find product-market fit should benefit from scaling into what will likely be the next bull market over the coming years,” writes Discussion board Ventures CEO and managing companion Mike Cardamone.
