May 26, 2022

Welcome to Startup Weekly, a fresh look at startup trends from this week’s launch. To receive it in your mailbox, Subscribe here.

Criticism of the value of startup accelerators and demo days has been a topic of discussion in the tech world for decades. The programs promise to help the founders of Napkin Step with everything from finding their co-founders to finding the right market for a product and the first important investigation. Led by global programs like Y Combinator, Techstars, and 500 Global, startup accelerators have spawned billion-dollar companies like Coinbase and Stripe and have become synonymous with the promise of activation energy.

Yet, every few months, entrepreneurs ask the same question: is network access worth it for a precious asset? Is the true value of the program just a valuable endorsement? Demo days outdated? Is the best result for the founders of the accelerator just another round of funding? Is the YC batch size so big that it doesn’t stand out?

We keep trying to rebuild Boot Accelerator, and it tells me that the setup is not correct, even if it is not. After all, asking questions is the first step to changing the way you do things.

In January, I wrote an article about the need for startup accelerators to update their vision for value-added services. A few days later, Y Combinator announced that it would increase its checks to $500,000 from its previous $125,000. At the Y Combinator Winter 2022 demo day next week, we’ll see the first group affected by these changes, and YC will be more distant, more international, and more ambitious, the impact it aims to make.

As everyone will see, this year we are changing our attitude towards Demo Day to better reflect what we consider to be the most important part of the accelerator: a way to see what a large group of startups are doing. the biggest problems in this . Area. subregion. The demo days seem to have completely moved away from the traditional pitch and investor presentation, offering yet another snapshot of the startup, growth, and personality of its early days.

More next week, but in the rest of this newsletter, we’ll talk about the outside world of fintech, the Instacart discount, and its overlap with non-profit crypto entities. As always, you can support me by forwarding this newsletter to a friend, Follow me on Twitter Or subscribe to my personal blog.

offer of the week

Calamity has confirmed that it has risen again, but this time to an $8.1 billion valuation. Decacorn’s valuation comes after the company achieved unicorn status less than a year ago. Jesus.

Here’s why it’s important: Calamity and fintech in general seem to be an exception to the market turbulence we reported on last quarter. Is the financial services sector immune from wider corporate exit or valuation adjustments? This week at Equity, Alex and Mary Ann made an important point: This is the world of fintech, and we just live in it.

honorable mentions:

image credit: Bryce Durbin / gaming-updates

Biggest discount on Instacart

Instacart has cut its estimate to around 40%, giving us another data point in the big market correction that occurs in many pandemic era success stories.

Here’s why it’s important: As Alex Wilhelm points out, DoorDash, another food delivery company, has seen its price-to-sales ratio decline over the past year as Uber looks to expand its food delivery service. Still privately owned, Instacart cut the price of its shares ahead of its debut on the stock market, otherwise the reaction could have been harsh.

I think eggs and ham are not so green:

  • I’m digging a little instacart development plan
  • Mary Ann’s Weekly Fintech Newsletter is Coming Soon! Register here to receive it in your mailbox.
  • An everlasting reminder to use the code “EQUITY” when subscribing to gaming-updates+ for huge discounts and thanks.
Empty sales tag on white background.

image credit: Jake7 (Opens in a new window) / Getty Images

Why Wealthy Web3s Donate Cryptocurrency Instead of Cash

Crypto reporter Anita Ramaswami explores Web3’s tendency to donate to the wealthy in cryptocurrencies instead of cash. The article specifically looks at how this month’s flood of cryptocurrency donations in support of Ukraine could generate broader community interest in supporting charities with coins.

Here’s why it’s important: In addition to the cultural overlap in charities and the vision of crypto as a more democratic way to support charities, there is a technological advantage. Parivartan founder Sonia Nigam, who builds the donation API with Amar Shah, explained the difference between traditional philanthropy and creator tools:

Smart contract technology allows the effect to stay in the product and then forever… We will see how the NFT collections will be launched and they will set the goal; [for example] 2% of all secondary sales go to the lifelong fight against climate change. Now, with every resale, the manufacturer’s original intent is never lost, which is what they really care about. And for nonprofits, opening recurring donation channels is always the number one goal.

chain reaction

cryptocurrency donation

image credit: Bryce Durbin

during the week

We will meet in person! Fast! gaming-updates 2022 Preliminaries are just around the corner on April 14th and will be held in San Francisco. Join us for a one day stop with GV’s Terry Burns, Greylock’s Glenn Evans and Felicis’ Aydin Sekut. 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.

Follow our new senior crypto reporter: Jacqueline Melinek! She asks all the big questions On the stage and on the site.

Finally, in case you missed last week’s Startup Weekly.Read it here: Mistake is hard, especially in the startup world.

Seen on gaming-updates

Alphabet recently launched its quantum technology group and launched it as an independent company.

Musk reveals plans to scale Tesla to ‘extreme size’

Sequoia Introduces Ark, London/South Wales Emission Finder and Guide Program, $1M Each

Octa says hundreds of businesses have been hit by a security breach

The bale of vainglory.+ seen on

Product-Driven Development Handbook

Despite the decline, the value of crypto assets in the DeFi protocol is 3 times higher than a year ago.

It’s time to hold investors accountable and end proportionately

Dear Sophie! How long does it take to get parole for an international entrepreneur?

see you later,

n

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