Welcome to Startup Weekly, a fresh look at startup trends from this week’s launch. Subscribe here to receive it in your inbox.
While I’ve heard more startups struggle with changing market conditions, major layoffs, and general tipping points, once a company hits a growth spurt, it becomes an elephant in the common room in the tech industry to turn to. against media debate. How do we cover failures?
There is a logic to it that startup stress is inevitable and normal, so should we draw attention to the fact that every now and then something comes to the surface, especially at the expense of an underrepresented founder who may be trying his or her best? There is an argument that the company is confused, so we should report issues when we hear about it; And there is a history of female expulsion, where people believe that women are more vulnerable to the press than men because of unreasonably high standards.
There is a prejudice in the tech world about how a historically invisible person should act, and I use that reality to influence my reporting. For example, I remember once asking a famous female founder about a play I heard from her former co-founder. In essence, she said, “It’s not that I don’t want to tell you, it’s that I can’t afford to show vulnerability at this point in my career.” It was a turning point that shed light on why some people can vote and some people don’t.
Here’s what I think you can do to believe that any powerful founder, especially one with millions of dollars at their disposal, should be held accountable for the company they built – but you can also assume this from the sources. Suggestions can sometimes be inherently biased. Careful analysis—from deciding what incentives an ex-employee has to understanding who can comment—makes the difference.
If we are on the upward path of a startup, we must follow it. But framing is important, relevance is important. If a founder is lying to consumers or harassing employees, it’s pretty obvious how to identify the person as the source of the problem; But how we cover it matters. Failure is complex and difficult to attribute to any specific moment.
Sometimes a startup falls apart because its founder has a crappy culture, but sometimes encouraging venture capital can lead to a chaotic flow of products. Who is guilty in this case? Is the founder or VC under too much pressure to get the money? Or is the market always volatile? We are talking about a startup error in the macro sense, but when we write a window in a specific instance, specifics are important. Various newsrooms and patient editors are needed to ensure that we ask the right questions and are not subjected to tedious clichés. It is also important that founders treat their employees as human beings.
In the remainder of this newsletter, we will talk about the new CEO of All Rise, the Fund for Supporting Other Funds and Ukraine. As always, you can support me by sharing this newsletter, Follow me on Twitter Or subscribe to my personal blog.
Fintech and Ukraine
The history of the startup continues to develop in the context of the war in Ukraine, in which financial companies play a particularly important role, making a number of decisions. PayPal expanded its services last week to allow users to send money to Ukrainians. The President of Ukraine signed a bill to legalize cryptocurrency among several digital donations, and data showed that nearly 7,000 apps have left the Russian App Store since the invasion of Ukraine. Some basic technical applications remain.
Here’s why it’s important: I mean, it’s pretty obvious. Our very own Romain Dille interviews Ukrainian Deputy Prime Minister and Minister of Digital Transformation Mykhailo Fedorov about different approaches to technology during the war. An important part of the interview was what Fedorov spoke about Ukraine’s tech strategy, also known as the digital blockade:
We call this project the digital blockade. And we believe that this is a very important part of winning this war. And I think that governments in the future will be like technology companies, not classic governments.
Digital platforms provide many important services. They are so entangled in the fabric of society. Once you start removing these services from the attacker one by one, you will really wreak havoc on their social fabric and make their day to day life very inconvenient.
We would like to see it as a completely new and unused battlefield. And this is an additional sanctions measure that we expect will hold back Russia’s growth for decades to come.
Technologies and other coverage of Ukraine:
offer of the week
All Rise, a non-profit organization dedicated to venture capital deals and increasing diversity among decision makers, has named Mandela Schumacher-Hodge Dixon as the company’s new CEO. Dixon has spent over 10 years building a presence in the startup world. Prior to All Rise, Dixon ran Founders Gym, an online training center for underrepresented founders with 18 groups across six continents. A few weeks ago, Dixon announced that the current Founding Gym would be the last graduating class as it closed.
Here’s why it’s important: While All Rise is a non-profit organization created specifically to increase tech presence, Dixon aims to add a new level of engagement to the organization’s mission. According to her, Dixon was one of the first black women to raise venture capital in Silicon Valley and work for a venture capital firm. The entrepreneur also had two children during the pandemic, which she said added another “detail” to who she turned into a leader.
“I, too, unconsciously or consciously, as one of the few, experience this exclusionary bias,” Dixon told me in an interview this week. “I understand because I was too conscious to understand it. With regard to All Rise, you can fully expect this to continue under my leadership as we make sure that what we support is a truly more inclusive space for the realm of identity. ,
Everyone is going to start a fund to support other funds
This week I wrote an excerpt about a wave of money that is clearly meant to put money into other funds. As we’ve been talking about equities this week, investors are expanding ways to put their money in, whether it’s backing other new fund managers or finally the Series B rounds they deserve.
Here’s why it’s important: The startup finance market changes daily, which means we’ll see investors continue to innovate over a comparable period. New Carta data shows the changes are not hypothetical, but are impacting and impacting the valuations of U.S. Series A, B, and C companies.
As Alex does in his article, from November and December 2021 to January and February 2022.The Series A round marked the biggest drop in the average round size in the United States. However, he continues, “Series A rounds in the first months of 2022 are still in excess of $10 million on both average and average. Delay or not, the market is still hot.
Looking at the scores, Series C is a prime example. Alex reports that the “average rating for” Series C investment in US startup market plummets in early 2022The median was also hit hard. The Series C average for the first two months of the year was valued at a very low $467 million, with Unicorn’s ballpark average of $884 million. This is a huge change and fueling our general nervousness about changing public markets and how those price changes should affect startup valuation, especially for those on their way out. I
Required funds Required funds:
during the week
We will meet in person! Fast! The 2022 gaming-updates Preliminaries are on April 14 and are just around the corner in San Francisco. Join us for a one day stop with Terry Burns of GV, Glenn Evans of Greylock and Aydin Sencutt of Felicis. The TC team went out of their way to get back in person, so don’t be surprised if the panels are a little more expensive than usual.
Here is the full program and buy launch tickets here.
And in case you missed Startup Weekly last week, we continued this week’s conversation with Equity: “Can Tiger’s second act match his first?”
Seen on gaming-updates
Why aren’t venture capitalists funding more menopause-focused startups?
Casey Neistat’s documentary on David Dobrik explains what happens when creators cross the line
What does the Fair Buy Shift acquisition say about the online used car market?
Bored Apps NFT Project Officially Receives AppCoin Token
Amazon completes $8.5 billion acquisition of MGM
The bale of vainglory.+ seen on
Dear Sophie! Is there an easier route to L-1A and VOTE O-1A?
When it makes sense to increase the multiplier by 40 times
How to hire great engineers if you don’t have technical knowledge?
Turtle co-founder Dmitry Shevlenko: “You can’t do a lot of things right away”
see you later,