Walter Thompson, Ram Iyer /
View of San Francisco through the Bay bridge

Tofu, chocolate, vinegar, and bread are just a few of the food products that can be made with fermentable organisms.

Food tech companies are finding the best ways to brew eggs, dairy, meat and seafood in bioreactors that taste like the real thing, and are priced similarly.

The Good Food Institute received $290 million of the $911 million investors dropped on alternative protein companies in the first quarter of the year.

According to Christine Hall, who took a closer look at the sector this week, the sector has raised over $3 billion.

You can save 20% on a one or two-year subscription with the discount code.

Bee-free honey and eggs that don't come from poultry are some of the food tech companies that she has profiled. Food tech investors are drooling over the fact that so many early entrants are on the shelf.

David Kestenbaum said there was a lot of room and the winners might not be known today. It will be the next generation of names.

This week, I would like to thank you for reading. Happy Juneteenth, have a great day!

Walter Thompson Senior Editor, TechCrunch+

Your protagonist.

Investors salivate over food tech companies perfecting precision fermentation

Do you have questions about startup layoffs?

We will meet at 11 a.m. on June 21. There is a 2 p.m. time. M13's head of talent, Matt Hoffman, will be on a space on the social networking site.

Companies can build innovative cultures with Matt. He will give advice on how to create processes that will help managers treat separated employees ethically.

Please submit your questions during the Space so that we can get to as many as possible.

If you want to get a reminder before the discussion begins, follow Techcrunch.

Dear Sophie: Which visa is best for bootstrapping a startup?

lone figure at entrance to maze hedge that has an American flag at the center

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I would like to ask you a question, DearSophie.

I'm from Germany. Right off the bat, our product is generating $200,000 a year. We don't plan to raise capital from investors because our customers are mostly U.S. based.

I have been researching the new startup visa option and the E-2 and L-1B visas, and I have been focused on building the product, so I am not famous.

What is the best way to bootstrap my startup in the U.S.

In Germany, game-changing happened.

Dear Sophie: Which visa is best for bootstrapping a startup?

Fearless Fund’s Arian Simone on why a downturn is business as usual for minority founders

Fearless Fund founder Arian Simone

The image is from the fearless fund.

Black women are more likely to fall into a funding gap when they need capital than other women.

According to Dominic- Madori Davis, less than five black women raised money past the Series A stage, and one of them was Rhianna.

In order to level the playing field for minority women working in tech and consumer packaged goods,entrepreneur Arian Simone co-founded Fearless Fund in 2019.

Despite the chill in the markets, the fund has supported 31 companies so far.

Simone said that companies that are venture backed have seen horror stories. The current macroeconomic climate doesn't scare them.

Fearless Fund’s Arian Simone on why a downturn is business as usual for minority founders

Is consolidation on the horizon for Southeast Asia’s tech industry?

Two ropes tied together amid a few ropes that are untied; startup mergers and consolidation in southeast asia

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In Southeast Asia, the super app business model pays dividends.

Offerings from Grab, "the everyday everything app," range from grocery delivery to investment services; Malaysia-based AirAsia has rebranded itself as Capital A as it expands its offerings to encompass ride hailing, food delivery, and much more.

These companies are using acquisitions to enter new markets and gain an advantage over their competitors.

"As more tech companies look to the super app business model to retain users and increase monetization, we could expect more expansion and consolidation in the coming years."

Is consolidation on the horizon for Southeast Asia’s tech industry?

Pitch Deck Teardown: Ergeon’s $40M Series B deck

Do you need a fence or driveway? Consumers can purchase custom construction projects that may be too small for a general contractor but are more than a do-it-yourself job.

Jenny He shared all 16 slides from their April 2022 deck, including a redacted growth trajectory slide that outlines the company's path to $10 billion in revenue by 2027

Pitch Deck Teardown: Ergeon’s $40M Series B deck

Crypto founders face falling valuations, pulled deals amid market volatility

In the past three months, investors who were cozying up to web3 founders for a seat at the cap table are now playing hard to get.

With VCs backing out of deals or re-negotiating previously agreed-upon valuations, cryptographers are scrambling to raise funds as capital dries up.

One founder of a gaming altcoin startup said that it was shocking how much VCs were willing to take advantage of people.

Crypto founders face falling valuations, pulled deals amid market volatility

3 climate tech VCs share how they find, vet and support carbon-slashing startups

Tim De Chant interviews Christian Garcia, Kiersten Stead, and Pae Wu at TC Sessions: Climate 2022

This image was taken at TechCrunch.

Tim De Chant spoke to three active climate tech investors about how they find new opportunities and what they are looking for at the moment.

  • Kiersten Stead, managing partner, DCVC Bio
  • Christian Garcia, partner, Breakthrough Energy Ventures
  • Pae Wu, general partner at SOSV, CTO of IndieBio

To risk it on teams that we think are truly talented is what our job is.

She said that was one part of the equation. Unless there is a great market with it, the world doesn't get the benefit of anything unless it can scale.

3 climate tech VCs share how they find, vet and support carbon-slashing startups

Why software valuations could drop more if things don’t change soon

Tech companies are no longer worth as much as they used to.

The Fed increased the U.S. interest rate by 75 basis points yesterday, the highest single rate hike since 1994, which is bad news for software companies.

Many of the software multiples that were re-priced last year have expensive price tags that they have to live up to. The possibility of multiples being compressed further is frightening for this group.

Why software valuations could drop more if things don’t change soon

Growing up enterprise for SaaS startups: 7 lessons on doing it right

Bill Binch says that a lot of founders think that hiring a bunch of highly paid account executives is the same thing as going enterprise.

"It's not"

In an excerpt from his new book, Binch shares scenarios that will helpSaaS founders tackle the concept of enterprise readiness, along with seven success factors he gleaned from working with sales leaders, marketing managers, and CEOs who had been through this evolution.

Growing up enterprise for SaaS startups: 7 lessons on doing it right

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