California is the breadbasket of the world, which means we collect, transport and store as much water as possible. About 12% of the energy produced in the state is used to pump water.
Frugal CEOs think alike when it comes to money management: staying liquid and closely monitoring the burn rate is the only way to determine how much runway is left.
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In this overview for first-time founders, Benjamin Döpfner (Founder and CEO of Vesto) explains how to develop a treasury management strategy that optimizes operational and strategic cash reserves.
“Given the recent collapse of SVB, First Republic, and other startup-focused banks, finding ways to protect your money is vital,” Döpfner says.
“Startups need to redouble their efforts to protect their funds more than ever, especially if they are located in a small or mid-sized bank.”
TechCrunch Disrupt is happening next week, and I’m moderating three panel discussions on the Builders Stage:
- When do we follow the noise and when do we ignore it?
- How should founders approach the TAM issue when venture capital is scarce?
- How to stretch your project dollars
I’ll also be joining immigration lawyer and TC+ columnist Sophie Alcorn for a live edition of Ask Sophie, so ask your questions.
It’s shaping up to be a very busy week, so we’ll be back on Friday, September 22nd with the new TC+ report.
See you in San Francisco!
Walter Thompson
Managing Editor, TechCrunch+
Your B2B leads will be lost
Everyone wants to be the hero who saves the day, but success in B2B sales is difficult to achieve.
Instead of letting customer data gather dust in your CRM, sales teams should develop a segmented strategy for reaching lapsed leads, says TC+ columnist Jonathan Martinez.
“It is possible to achieve this goal, even with limited resources, by having automation and a complete strategy.”
8 Latin American venture capital funds talk about why they are bullish on startups in the region
In our latest survey, Anna Heim interviewed eight venture capitalists active in Latin America to learn more about the sectors they have their eye on, why the region has stopped minting unicorns, and “what it will take to reignite foreign investor interest:”
- Dennis Pedrera, Latin America Investments, Prosus Ventures
- Lolita Taub, General Partner of Ganas Ventures
- Geraldo Melzer, co-founder of ABSeed Ventures
- Julio Vasconcelos, Managing Partner, Atlantico
- Rodrigo Vieira, Partner, Caravella Capital
- Nathan Lustig, Managing Partner, Magma Partners
- Marta Cruz, Co-Founder and Managing Partner of NXTP Ventures
- Hernan Haro, Founder and General Partner of MrPink VC
Ask Sophie: Can I get an O-1A visa to bypass the H-1B process?
Dear Sophie,
I am an international student from India and will be eligible for STEM OPT starting January.
My plan was to find a way to use it in my tech startup, but eventually, I need to switch to a work visa because I want to become a CEO.
Can I bypass the whole H-1B visa issue by getting an O-1A visa? If yes, can I do this once I have a bachelor’s degree? What is considered an extraordinary ability?
– Energetic STEM student
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Can the express grocery delivery model only work in emerging markets?
Lockdowns and consolidations hurt the express grocery delivery sector in the U.S. last year, but in Latin America, positive unit economics are making these companies more viable, Rebecca Szkotak reports.
It found that lower labor costs and direct relationships with food producers are just two factors that give these startups wider margins in emerging markets.
“In Western Europe and the US, it’s all about average order value,” said Larry Ashbrook, managing partner at G Squared. “It doesn’t work any other way.”
What’s missing from Jay Kawasaki’s 10-chip kit?
Guy Kawasaki is an author, speaker, and self-described “evangelist,” but many know him best for his pitching ethos: Founders must create just 10 slides using a 30-point font that take 20 minutes to present.
“Kawasaki’s 10-slide presentation gets some things very right,” says Haj Jan Kamps, but after comparing it to his “21-point checklist,” he says the venture capital template “doesn’t work very well” as it is. used to.