We have the numbers for the last two years for the 150 Series A to C enterprise SaaS startups.
The report was prepared by Eddie Ackerman and looked at how much time had passed since the last fundraise.
He expects to see more layoffs in the next few weeks after the board meetings.
Save 20% off a one- or two-year subscription by using the discount code.
It is not something any worker would want to read a few days before Christmas.
It's the best time to make critical hires for companies with a strong balance sheet.
If that doesn't describe your company, you should be cutting your staff.
Even if your balance sheet is in a good place, you should make the tough decision to freeze hiring early.
You have a moral and ethical responsibility to let your employees know when layoffs are imminent. Don't do the wrong thing.
We will resume our usual schedule on Monday, January 2nd, after publishing on a light schedule for a week. I will be taking a break for the holidays and will send the next newsletter on January 3.
We would like to thank you for reading us. Wishing a very happy new year.
Walter Thompson Editorial Manager, TechCrunch+
Your protagonist.
Headcount growth is slowing as startups prepare for worst-case scenarios
It is a good time for startup founders to take a closer look at their investor relationships.
According to an article written by a partner at Sorenson Ventures, there are dos and don'ts for upcoming board meetings, as well as her thoughts on which communication channels are best for different help requests and specific data points.
She says to be ruthless with your investors.
How to make the most of your investor relationships in 2023
Global supply lines are in better shape than last year, but that doesn't bode well for the future.
He says that this year's improvements in shipping are a result of a decline in consumption rather than an improvement in the underlying infrastructure.
Today's data is rich beyond measure and we can use it to boost efficiency.
Holiday shipping is easier this year, but the tech is still lagging
Card Blanch closed a $460,000 round for its pre-launch service that promises to let customers track their spending from a centralized app.
The deck was smiled upon by angel investors.
Pitch Deck Teardown: Card Blanch’s $460K deck for its angel round
The image is from TechCrunch.
I would like to ask you a question, DearSophie.
We are considering opening a sales office in the U.S. I would be moving and my co- founder would continue to run our engineering team.
The E-2 investor and L-1A executive visas are being considered. What are the advantages and disadvantages of each?
Courageous Latin American.
Dear Sophie: What are the pros and cons of the E-2 and L-1A visas?
Did you rush the end of the month due to the holidays?
Because this is the slowest time of the year, it is a good time to establish healthy accounting habits.
Shagun Malhotra, a CPA and CIA who is also an experienced auditor, suggests looking for ways to automate the month end close.
She shared three strategies for digitizing this process, as well as suggestions for sub-metrics to track that will give you an accurate snapshot of your financial health.
How to solve the financial close dilemma: 3 strategies that never fail
When it comes to expanding opportunities for Black entrepreneurs, Dominic- Madori Davis says they are mostly fatalistic.
She interviewed three black investors to get their thoughts on impact investing, which trends they expect to take off in 2023, and how they prefer to be approached by founders.
3 Black investors talk about what they’re looking for in 2023
According to analysts, IT spending will increase in the years to come, but not to the sales teams trying to close contracts with customers who have been told to cut spending.
"What every company needs now is efficient sales," says Anand Shah, CEO and co- founder of Databook, who explains why reactive moves like increasing sales quota or raising prices won't move the needle.
Real changes are needed to meet buyers' needs. The necessary sales productivity improvements can be made using the macroeconomic backdrop.
For 2023, it appears investors are focusing on trends that are relatively safer and likelier to bear fruit Three years ago, Mila showed up on Kickstarter with its smart air purifier. The company created an air cleaner with a choice of different filters to suit the use case (and price point) customers we...Although Amazon as a whole has hit a bit of a post-peak pandemic rough patch, AWS keeps delivering. A dozen countries in Africa, including Nigeria, the continent’s biggest economy and democracy, are expected to hold their presidential elections next year, and questions linger on how well social m...This year has been all about energy — who has it, who doesn’t and how much it costs. Investors took note. Remember the Apple AirPower charging mat? Announced in 2017, the device was supposed to recharge three devices simultaneously, but Apple never released it, citing engineering issues. Now, Tesla is ...Reliance has backed the Philadelphia-based AI and robotics startup Exyn, the Indian conglomerate disclosed in a stock exchange filing on Thursday, making further inroads in startup backings globall...It’s not just the big names pulling back on headcount — private SaaS companies have similarly been implementing hiring freezes and headcount reductions for almost half a year now. Facebook’s parent company Meta has agreed to a $725 million settlement to resolve a class action lawsuit related to the Cambridge Analytica data harvesting scandal. First reported by Reuters ...Google said on Friday it is appealing the Indian antitrust body’s ruling that accused the Android-maker of engaging in anti-competitive practices surrounding Android mobile devices and requir...More than a week after being banned from Twitter, Jack Sweeney, the University of Central Florida sophomore who has been a pain in the side of Elon Musk for at least the past year, has a new accoun...After taking over Twitter, Elon Musk had long promised that the company is working toward making the platform more appealing to video creators. Today, Twitter updated the Twitter Blue page declarin...Indian e-commerce giant Flipkart no longer owns a stake in payments firm PhonePe. The two said on Friday that they have completed a full ownership separation of PhonePe and shareholders in the Sing...Hello, friends, and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package. A brand-new law (awaiting only the president’s signature) will let the Federal Communications Commission directly regulate rates in the notoriously predatory prison calling industry. Under th...Tesla started out the month of December by offering Model 3 and Model Y buyers in the U.S. a $3,750 credit if they have their vehicle delivered in December 2022. Now with a week left in the month, ...Welcome back to Chain Reaction. And happy holidays! ’Tis the season to be jolly and check your crypto portfolio before buying a few more holiday gifts for your family and friends. It’s also ’...“I think a lot of the narrative that many investors put out there about investing in more Black founders was mostly just talk.”Avoid 3 common sales mistakes startups make during a downturn
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