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HomeTechTechCrunch+ Overview: South Korea Investor Survey, 1-Hour Board Meetings, Venture Leasing Fundamentals

TechCrunch+ Overview: South Korea Investor Survey, 1-Hour Board Meetings, Venture Leasing Fundamentals


After sales software startup TigerEye closed its Series A and established a board of directors, the co-founders informed them:

One thing we never want to do is the three-hour, too-in-the-weed, non-strategic board meeting.

“Every board deck I’ve made and seen is over 80 pages long,” said Tracy Young, co-founder and CEO of TigerEye. “I am not exaggerating.”

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In this TC+ article, she explains how to structure a one-hour board meeting that creates real value for founders and investors. Step One: Replace your massive deck with a three-page memo.

We’re taking Monday, May 29th off to celebrate Memorial Day, so I’ll be back in a week with another round of TC+.

Have a fantastic weekend!

Walter Thompson
Editorial Manager, TechCrunch+
@your protagonist

Why don’t venture capitalists flock to fund cybersecurity startups?

Image Credits: RobertAx (Opens in a new window) /Getty Images

The accelerated shift to digital has been great for mature cybersecurity companies: Palo Alto Networks, Scaler and CrowdStrike are showing strong revenue multiples, Alex Wilhelm reports.

But there doesn’t seem to be a halo effect for enterprise-backed cybersecurity startups. According to Crunchbase, funding for companies in this sector fell 58% in Q1 2023 compared to Q1 2022.

“As valuations have fallen across the board, current cybersecurity stock prices have fallen dramatically, even as they remain more expensive than other tech sub-categories,” writes Alex.

Profitability over growth: 5 investors explain their mantra for South Korean startups

1685122150 235 TechCrunch Overview South Korea Investor Survey 1 Hour Board Meetings Venture

Image Credits: Bryce Durbin/TechCrunch

South Korea has seen a unicorn boom in recent years, but like the rest of the world is feeling the effects of a global market correction.

“Venture financing in Asia was down 33% in the first quarter of 2023 from the fourth quarter of 2023 and 57% from the first quarter of 2022,” said Kate Park, who surveyed five investors to share their forecasts for 2023 and to find out how they advise their portfolio companies:

  • Han Kim, Managing Partner, Altos Ventures
  • Tim Chae, Managing Partner, 500 Global
  • JP Lee, CEO and Managing Partner, SoftBank Ventures Asia
  • Yeemin Chung, General Manager, BRV Capital Management
  • Eunse Lee, Founder and Managing Partner, 541 Ventures

Ask Sophie: What are my options if a company withdraws my OPT position?

lone figure at the entrance of a maze hedge with an American flag in the middle

Image Credits: Bryce Durbin/TechCrunch

Dear Sophie,

I am an international student graduating this month, but the company I was supposed to work for at OPT has withdrawn my job offer.

What are my options?

-Grappling Grad

3 things companies need to do to secure their applications in the AI ​​era

pink umbrella in a rain shower, photographed conceptually

Image Credits: Henry Sorensen (Opens in a new window) /Getty Images

Companies with AI-based applications give adversaries a broader attack surface when it comes to phishing, bots, and other attempts to gain access to customer accounts.

“We are already seeing examples of AI-powered sites being reverse engineered to get free AI computing,” said Reed McGinley-Stempel, co-founder and CEO of Stych, a customer identification and access management (CIAM) platform.

Venture leasing: the unsung hero for hardware startups struggling to raise capital

Puzzle pieces with word 'Lease'.

Image Credits: bagi1998 (Opens in a new window) /Getty Images

Hardware startups have always been challenged when it comes to high initial capital expenditures and open R&D timelines.

Fortunately, venture leasing “creates a happy medium between expensive debt and VC financing that works particularly well,” said Felipe Chávez Cortés, CEO and co-founder of Kiwibot, a food delivery company.

To get products to market faster and avoid dilution, his company entered into a $10 million lease.

“Hardware companies should not feel limited to venture capital funds to fund their high-risk, high-growth businesses,” said Cortés.

Pitch Deck Teardown: Faye’s $10 Million Series A Deck

1685122155 809 TechCrunch Overview South Korea Investor Survey 1 Hour Board Meetings Venture

Image Credits: Faye

Insurtech startup Faye shared a redacted version of the 19-slide deck the founders used to clinch a $10 million Series A round.

“Let’s get this out of the way right away,” says Haje Jan Kamps. “This really is an excellent pitch deck.”

  • Cover slide
  • Summary slide
  • Team slide
  • Problem slide
  • Market size slide
  • Insurance market overview slide
  • Product overview slide
  • Product features slide 1
  • Product features slide 2
  • Product features slide 3
  • Product features slide 4
  • Go-to-market slide
  • Shifting financial growth metrics
  • Customer growth metrics are shifting
  • Customer validation slide 1
  • Competitive landscape slide
  • The Ask slide
  • Customer validation slide 2
  • Closing slide with mission statement

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