I have limited boating experience, but I know that a few degrees off your desired heading can be the difference between enjoying a leisurely dinner with friends and a Coast Guard rescue in the dark.
Likewise, SaaS startups that help customers make incremental improvements to cash flow in a down market are in a much better position to drive things.
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“In a downturn, cash saved is worth more than cash earned,” wrote Bravado CEO Sahil Mansuri. He advises companies to shift their sales strategies from growing growth to extending their valuable resources to customers: “If you create a way to increase revenue or reduce costs with your product, people will get a budget.”
Mansuri, who got his start in software sales during the Great Recession, shares several strategies managers can use to “adjust your approach, uncover unexpected opportunities, and focus on the money.”
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4 principles to build an MVP even if you can’t write a single line of code
You don’t need a degree in computer science or an MBA to start a successful startup.
According to Magnus Grimland, founder and CEO of an early-stage VC firm, non-technical founders have had a lot of success by recruiting a partner with relevant experience or hiring a freelancer to help them build an MVP.
However, he says, “You can be a completely non-technical founder, but you can’t be a completely non-product founder.”
“You have to really understand your product, and you have to be able to answer three simple questions: What’s the problem? What is the solution? How will the customer use the solution? “
The Party’s Over: Tips for Tracking and Reporting Monthly Startup Expenses and Income
I guess Craigslist furniture sales listings are a reliable economic indicator for San Francisco Bay Area startups: A few months ago, there seemed to be a lot of standing desks and Aeron chairs and they were priced to move.
Companies are under increasing pressure to reduce and control costs as investors demand transparency, said Jason Richelson, founder and CEO of Booklog.
“CEOs who once promoted themselves as visionaries must also think and act like accountants.”
Bridge rounds are all the rage backstage.
Data released by Map shows that many late-stage startups are looking for a bridge round to stay in business while they work to land more significant capital.
“How? Because mega-rounds were so popular last year,” writes Alex Wilhelm in The Exchange.
5 reasons why Ukraine’s fintech sector is growing despite the war
Ukraine’s fintech sector is incredibly resilient.
Despite the war, Ukrainian influencer Vadim Synegin said his country is creating regulatory frameworks and infrastructure that will continue to grow.
“I am sure that many investors think that the country’s IT sector is currently a risky investment, but here it is business as usual for fintech companies,” he wrote in the TC + column.
“Even in times of war, they have proven their resilience, and surprisingly, 90% of Ukrainian tech startups are still hiring.