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

After gross sales software program startup TigerEye closed its Sequence 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 easy methods to construction a one-hour board assembly that creates actual worth for founders and traders. The first step: substitute your huge deck with a three-page memo.

We’re taking Monday, Might 29 off to have fun Memorial Day, so I’ll be again with one other TC+ roundup per week from at this time.

Have a implausible weekend!

Walter Thompson
Editorial Supervisor, Information World+
@yourprotagonist

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

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

However there doesn’t seem like a halo impact for venture-backed cybersecurity startups. In line 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, at this time’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 traders clarify their mantra for South Korean startups

Picture Credit: Bryce Durbin / Information World

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 fall 2023 and 57% from Q1 2022,” reviews Kate Park, who surveyed 5 traders to get their predictions for 2023 and learn the way they’re advising their portfolio corporations:

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

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

Picture Credit: Bryce Durbin/Information World

Pricey Sophie,

I’m a global scholar graduating this month, however the firm I used to be supposed to begin working for on OPT has rescinded my job supply.

What are my choices?

— Grappling Grad

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

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Firms with AI-enabled purposes give unhealthy 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

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

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

To convey merchandise to market quicker 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 line with Cortés.

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

Picture Credit: Faye

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

“Let’s get this out of the best way proper off the bat,” says Haje Jan Kamps. “It is a really glorious pitch deck.”

• Cowl slide
• Abstract slide
• Workforce 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