Tech

Non-dilutive biotech capital, long-term angel investing, WayRay’s $80M pitch deck – TechCrunch

As a veteran startup worker who was laid off during the economic downturn, it’s dissonant to hear investors say this is a good time to start a software company.

However, you are not wrong.

An analogy: In California two years ago, nearly 10,000 wildfires burned more than 4 million acres, causing billions of dollars in economic damage and forcing thousands of residents to uproot their entire lives.


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In the years since, this deadly disaster has begun to reshape local ecosystems, clearing dead and diseased trees and reducing competition for resources like water and sunlight.

According to Kyle Poyar, a partner at OpenView, the current downturn is creating similar opportunities for SaaS startups.

“People who have been laid off or have woken up to realize their stock options are suddenly worthless will choose to bet on themselves,” he says. “They’ll finally jump at the chance to turn that nagging idea into an actual product.”

In his latest TechCrunch+ postPoyar identifies six principles for product-led growth in what he calls “the age of connected work,” where API-based products “are being discovered and championed by users, not just executives and managers.”

Thanks for reading,

Walter Thompson
Senior Editor, TechCrunch+
@yourprotagonist

Twitter Space: Karl Alomar, Managing Partner of M13, discusses fundraising during a recession

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On Monday, June 27th at 11:30am PT/2:30pm ET, M13 Managing Partner Karl Alomar will join me in a Twitter Space to share his advice on fundraising during a recession.

Alomar, who guided startups through the dot-com bust of 2000 and the Great Recession of 2008, will discuss whether investors still prioritize growth over profits and the evidence founding teams need to define before their next raise.

We’re taking your questions, so please Follow @techcrunch on Twitter and Set a reminder for chat on Monday.

Long-Term Angel Investing: Understanding Capital Requirements and How to Find Quality Investments

Taurus makes shadow of bear on the wall

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Helping a small business find its momentum and grow to gain market share while making money sounds like a great job description.

But there’s a reason successful angel investors are few: It can take years to see returns, and not all companies you want to invest in will want your money.

According to Adam Nash, Daffy’s CEO, it’s important for new investors to realize that angel investing is a capital-intensive process that may not always work out.

“Most see the incredible results from anecdotes about amazing angel investing and assume that angel investing will always be massively better than more mainstream asset classes like public stocks, bonds and real estate. But the truth is, on average, risk-adjusted returns for angel investing can often be worse than traditional investing,” he writes.

3 tips for biotech startups looking for non-dilutive capital to weather the downturn

$100 bills hidden under a floorboard

Photo credit: Martin Poole (opens in a new window) /Getty Images

This is a particularly difficult time for life sciences startups. Even if their technology changes the world, it will still take years to reach the market.

Most biotech founders looking to make money in this environment assume dilutive capital is their only option, but that’s short-sighted, writes James Coates, director of health and human performance at Decisive Point.

“In a downturn, non-dilutive grants or contracts should be seen as more attractive than ever by government as they offer a non-dilutive runway and make for great headlines.”

Pitch Deck Teardown: WayRay’s $80M Series C deck

Many founders start by building a pitch deck with 10 slides, but AR car hardware company WayRay’s Series C presentation included 75 slides.

More isn’t always better, but considering the deck helped WayRay win $80 million, the company’s founders have shared it in full with TC+ members.

“WayRay does a great job of showing the world it wants to live in,” writes Haje Jan Kamps.

Dear Sophie, what are my F-1 OPT options if my crypto job is no longer available?

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

Photo credit: Bryce Durbin/TechCrunch

Dear Sophie,

I am an F-1 student finishing my Bachelors in Computer Science this month. I got a work permit under OPT and had a job at a crypto company, but they withdrew my job offer.

Do I need to notify my DSO that my job offer has been withdrawn? What are my options, especially if I want to create my own web3 startup?

How long can I stay in the US without a job? Thanks in advance for your help!

— Gallant degree

Proven tactics for building investor pitches

Pear drawing from yellow crumpled paper ball; Presentation tips for investors

Photo credit: Constantine Johnny (opens in a new window) /Getty Images

It’s common to hear that you need a bulletproof pitch deck if you want to raise capital, but the true purpose of a pitch deck isn’t to raise money.

In fact, the best practical result of a good investor presentation is “a follow-up meeting with a sense of dynamism and clarity about the company’s history, its current situation, goals and opportunities,” says Lev Kerzhner, Head of Saragus Agency.

In an insightful post, Kerzhner explains the different types of investor presentations you should create and outlines a number of tips and tricks for creating and packaging a killer investor presentation.

To drive more sales, use buyer-generated content to personalize emails

jigsaw pieces made out of people; Using Buyer Data for Email Campaigns

Photo credit: alpha spirit (opens in a new window) /Getty Images

Consumer confidence suffers during an economic downturn, which is why ecommerce startups should be looking for new ways to retain customers now.

Cynthia Price, SVP of Marketing at Litmus, discusses several ways companies can turn customer purchase data into content that enhances the brand experience – and increases users’ likelihood of purchase.

For example, the most viewed products on your website reflect the tastes and interests of your most active customers, which means it’s also useful information to present in outgoing emails.

“You can even drill down into this data by overlaying shopper data,” Price writes. “This strategy generates interest, attracts more subscribers to your website, and improves the potential for purchase of their products.”

Non-dilutive biotech capital, long-term angel investing, WayRay’s $80M pitch deck – TechCrunch Source link Non-dilutive biotech capital, long-term angel investing, WayRay’s $80M pitch deck – TechCrunch

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