TechCrunch+ roundup: South Korea investor survey, 1-hour board conferences, enterprise leasing fundamentals


After gross sales software program startup TigerEye closed its Collection A and established a board of administrators, its co-founders put them on discover:

One factor we’d prefer to by no means do is the three-hour, too-in-the-weeds, non-strategic board assembly.

“Each board deck I’ve made and seen is greater than 80 pages lengthy,” says Tracy Younger, co-founder and CEO of TigerEye. “I’m not exaggerating.”


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On this TC+ article, she explains learn how to construction a one-hour board assembly that creates actual worth for founders and buyers. The 1st step: exchange your monumental deck with a three-page memo.

We’re taking Monday, Could 29 off to rejoice Memorial Day, so I’ll be again with one other TC+ roundup per week from right this moment.

Have a improbable weekend!

Walter Thompson
Editorial Supervisor, TechCrunch+
@yourprotagonist

Why aren’t enterprise capitalists flocking to fund cybersecurity startups?

Web browser closeup on LCD screen with shallow focus with light shining through https padlock.

Picture Credit: RobertAx (opens in a brand new window) / Getty Photographs

The accelerated shift to digital has been nice for mature cybersecurity corporations: Palo Alto Networks, Scaler and CrowdStrike are exhibiting sturdy income multiples, reviews Alex Wilhelm.

However there doesn’t look like a halo impact for venture-backed cybersecurity startups. In accordance with Crunchbase, funding for corporations on this sector fell 58% in Q1 2023 in comparison with Q1 2022.

“On condition that valuations are down throughout the board, right this moment’s cybersecurity fairness costs have been dramatically depressed, even when they continue to be dearer than different tech subcategories,” writes Alex.

Profitability over progress: 5 buyers clarify their mantra for South Korean startups

Picture Credit: Bryce Durbin / TechCrunch

South Korea noticed a unicorn increase lately, however like the remainder of the world, it’s feeling the impacts of a world market correction.

“Enterprise funding in Asia within the first quarter of 2023 declined 33% from This autumn 2023 and 57% from Q1 2022,” reviews Kate Park, who surveyed 5 buyers to get their predictions for 2023 and learn how they’re advising their portfolio corporations:

  • Han Kim, basic associate, Altos Ventures
  • Tim Chae, managing associate, 500 International
  • JP Lee, CEO and managing associate, SoftBank Ventures Asia
  • Yeemin Chung, managing director, BRV Capital Administration
  • Eunse Lee, founder and managing associate, 541 Ventures

Ask Sophie: What are my choices if an organization rescinds my OPT job provide?

lone figure at entrance to maze hedge that has an American flag at the center

Picture Credit: Bryce Durbin/TechCrunch

Pricey Sophie,

I’m a global scholar graduating this month, however the firm I used to be supposed to start out working for on OPT has rescinded my job provide.

What are my choices?

— Grappling Grad

3 issues companies should do to safe their functions within the AI period

pink umbrella in a rain shower, conceptually photographed

Picture Credit: Henrik Sorensen (opens in a brand new window) / Getty Photographs

Firms with AI-enabled functions give dangerous actors a broader assault floor in relation to phishing, bots and different makes an attempt to entry buyer accounts.

“We’re already seeing examples of reverse engineering AI-powered websites to get free AI computing,” says Reed McGinley-Stempel, co-founder and CEO of Stych, a buyer identification and entry administration (CIAM) platform.

Enterprise leasing: The unsung hero for {hardware} startups struggling to lift capital

Puzzle pieces with word 'Lease’.

Picture Credit: bagi1998 (opens in a brand new window) / Getty Photographs

{Hardware} startups have at all times been challenged in relation to excessive preliminary capital expenditures and open-ended R&D timelines.

Luckily, enterprise leasing creates “a cheerful medium between pricey debt loans and VC funding that works significantly effectively,” says Felipe Chávez Cortés, CEO and co-founder of robotic meals supply agency Kiwibot.

To convey merchandise to market sooner whereas avoiding dilution, his firm closed a $10M enterprise leasing deal.

“{Hardware} corporations shouldn’t really feel restricted to VC funds to finance their high-risk, high-growth operations,” in accordance with Cortés.

Pitch Deck Teardown: Faye’s $10M Collection A deck

Picture Credit: Faye

Insurtech startup Faye shared a redacted model of the 19-slide deck its founders used to land a $10M Collection A spherical.

“Let’s get this out of the way in which proper off the bat,” says Haje Jan Kamps. “This can be a actually glorious pitch deck.”

  • Cowl slide
  • Abstract slide
  • Crew slide
  • Drawback slide
  • Market-size slide
  • Insurance coverage market overview slide
  • Product overview slide
  • Product options slide 1
  • Product options slide 2
  • Product options slide 3
  • Product options slide 4
  • Go-to-market slide
  • Monetary progress metrics slide
  • Buyer progress metrics slide
  • Buyer validation slide 1
  • Aggressive panorama slide
  • The Ask slide
  • Buyer validation slide 2
  • Closing slide with mission assertion



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