Earlier this month at TechCrunch Early Stage, I talked to Frederique Dame, an investing partner at GV, about product-market fit.
A standing-room-only crowd packed the venue as Dame spoke about her expertise main product and engineering efforts at Uber, Yahoo and Smugmug, sharing a few of what she discovered about gathering buyer knowledge, iterating shortly to validate concepts, and the challenges that include scaling groups from a couple of dozen folks to a number of thousand workers.
We additionally mentioned a number of particular ways and methods that may assist transfer organizations in direction of PMF, together with efficient methods to seize and share person knowledge, and growing buyer personas that may assist everybody perceive the corporate’s mission and objective.
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Distilling our 40-minute dialog right into a single article was past my skills, so I’ll share a follow-up subsequent week with extra takeaways from our chat and the viewers Q&A that adopted.
Dame shared one piece of recommendation that I’d by no means heard from an investor: extra founders ought to study to make themselves susceptible.
“Belief me with what you don’t know or what’s not working, as a result of as soon as we make investments, we’re going to must work on these things anyway,” she mentioned. “I’d reasonably begin engaged on these things early on.”
Thanks very a lot for studying! I hope you could have a incredible weekend.
Senior Editor, TechCrunch+
Charged with billions in capital, meet the 9 startups growing tomorrow’s batteries right now
In his first TechCrunch+ article, Senior Local weather Author Tim De Chant examined 9 startups optimizing EV battery expertise which have collectively raised simply over $4 billion within the final 18 months.
Bettering tech like solid-state batteries, changing particular chemical parts and utilizing hybrid chemistries are only a few of the methods startups are deploying to unlock advantages like decreasing weight whereas growing vary and security.
“However automobiles and vehicles gained’t be the one factor touched by the battery revolution that’ll happen over the subsequent few years,” he writes.
“Like many advances, higher, lighter, and longer-lasting batteries will drive modifications in our lives which are each sudden and welcome.”
How one can get into Y Combinator, in line with YC’s Dalton Caldwell
In a dialog with Editor Greg Kumparak at TechCrunch Early Stage, YC managing director and group accomplice Dalton Caldwell spoke concerning the software course of founders should navigate earlier than they’re accepted to one of many world’s prime accelerators.
“The very first thing I have a look at once I learn an software is the group. What I’m on the lookout for is technical excellence on the group,” mentioned Caldwell.
“Our groups that depend on making an attempt to rent outsourced engineers or consultants or no matter to construct their product have a tendency to maneuver a lot slower than of us with a technical founder,” he added.
“They have a tendency to get ripped off.”
Expensive Sophie: When ought to I sponsor engineers for inexperienced playing cards?
The engineers that we’re making an attempt to recruit are more and more requesting that we sponsor them for inexperienced playing cards. I don’t have an HR background, however I’ve been assigned HR duties at our startup.
Are you able to give me a rundown of the inexperienced playing cards which are out there?
Is it doable to sponsor somebody for a inexperienced card with out them getting an H-1B or different visa first? Which inexperienced card is the quickest?
— Focusing on Expertise
Early-stage fundraising is a story of two planets
Startup valuations swelled lately, however buyers proceed to favor “founders who’re skilled, pedigreed, clean or well-connected,” writes Leslie Feinzaig, CEO and founding father of Graham & Walker, a fund/accelerator that promotes ladies in enterprise.
Founders on Planet Flush “stay in a planet of massive, buzzy, aggressive early rounds,” however residents of Planet Scrappy inhabit a world “the place fundraising is extraordinarily troublesome and unlikely,” she writes.
Funding isn’t the one disparity, says Feinzaig: founders with sturdy networks are unlikely to face actual scrutiny till in search of a Sequence B, however “in the meantime in Planet Scrappy, Sequence A degree diligence occurs on the pre-seed stage.”
Pitch deck teardown: Minut
Minut, which manufactures wi-fi sensors for monitoring short-term rental properties, closed a $14 million Sequence B final month.
Reporter Haje Jan Kamps deconstructed the 21-slide pitch deck to indicate how Minut used knowledge visualizations and storytelling to provide buyers a transparent imaginative and prescient of the market alternative, the aggressive panorama, and the place the corporate is gaining traction.
For those who’d prefer to see your pitch deck featured on TechCrunch+, click on by way of for particulars.