TechCrunch+ roundup: South Korea investor survey, 1-hour board conferences, venture leasing basics

After gross sales software program startup TigerEye closed its Series A and established a board of administrators, its co-founders put them on discover:

One factor we’d wish to by no means do is the three-hour, too-in-the-weeds, non-strategic board assembly.

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

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In this TC+ article, she explains learn how to construction a one-hour board assembly that creates actual worth for founders and buyers. Step one: change your huge deck with a three-page memo.

We’re taking Monday, May 29 off to have a good time Memorial Day, so I’ll be again with one other TC+ roundup per week from in the present day.

Have a improbable weekend!

Walter Thompson

Editorial Manager, TechCrunch+

@yourprotagonist

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

The accelerated shift to digital has been nice for mature cybersecurity firms: Palo Alto Networks, Scaler and CrowdStrike are exhibiting sturdy income multiples, experiences Alex Wilhelm.

But there doesn’t look like a halo impact for venture-backed cybersecurity startups. According to Crunchbase, funding for firms on this sector fell 58% in Q1 2023 in comparison with Q1 2022.

“Given that valuations are down across the board, today’s cybersecurity equity prices have been dramatically depressed, even if they remain more expensive than other tech subcategories,” writes Alex.

Profitability over development: 5 buyers clarify their mantra for South Korean startups

South Korea noticed a unicorn growth in recent times, however like the remainder of the world, it’s feeling the impacts of a world market correction.

“Venture funding in Asia in the first quarter of 2023 declined 33% from Q4 2023 and 57% from Q1 2022,” experiences Kate Park, who surveyed 5 buyers to get their predictions for 2023 and learn the way they’re advising their portfolio firms:

• Han Kim, basic associate, Altos Ventures
• Tim Chae, managing associate, 500 Global
• JP Lee, CEO and managing associate, SoftBank Ventures Asia
• Yeemin Chung, managing director, BRV Capital Management
• Eunse Lee, founder and managing associate, 541 Ventures

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

Dear Sophie,

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

What are my choices?

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

Companies with AI-enabled functions give dangerous 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 sites to get free AI computing,” says Reed McGinley-Stempel, co-founder and CEO of Stych, a buyer identification and entry administration (CIAM) platform.

Venture leasing: The unsung hero for {hardware} startups struggling to lift capital

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

Fortunately, venture leasing creates “a happy medium between costly debt loans and VC funding that works particularly well,” says Felipe Chávez Cortés, CEO and co-founder of robotic meals supply agency Kiwibot.

To deliver merchandise to market sooner whereas avoiding dilution, his firm closed a $10M venture leasing deal.

“Hardware companies shouldn’t feel limited to VC funds to finance their high-risk, high-growth operations,” based on Cortés.

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

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

“Let’s get this out of the way right off the bat,” says Haje Jan Kamps. “This is a truly excellent pitch deck.”

• Cover slide
• Summary slide
• Team slide
• Problem slide
• Market-size slide
• Insurance 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
• Financial development metrics slide
• Customer development metrics slide
• Customer validation slide 1
• Competitive panorama slide
• The Ask slide
• Customer validation slide 2
• Closing slide with mission assertion