As valuations come down, now greater than ever, founders “must show their firm is constructed to final with long-term profitability and scalability in thoughts,” writes Russ Heddleston, CEO of DocSend at Dropbox.
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In accordance with DocSend information, buyers aren’t scouring pitch decks as earnestly as they have been previously. There’s nonetheless a marketplace for early-stage offers, although. “For founders now, perfecting the pitch, having an environment friendly gross sales technique, and scoping the product with urgency will create a robust basis for achievement that draws buyers.”
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 america. How is the administration making it simpler for AI firms 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 ‘got here again to earth’ in 2023, however VCs count on them to rise once more in 2024
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This 12 months hasn’t been nice for crypto companies, however change is likely to be on the horizon. Specialists advised Jacquelyn Melinek that crypto exercise is more likely to decide again up once more in 2024. “The drier funding local weather of 2023 solely served to weed out the weaker companies that had managed to safe 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 provides have a look at the present state of early-stage B2B SaaS investments.
The information is likely to be discouraging, “however the silver lining is that rounds are nonetheless getting carried out and firms that discover product-market match ought to profit from scaling into what’s going to probably be the subsequent bull market over the approaching years,” writes Discussion board Ventures CEO and managing accomplice Mike Cardamone.
