Walter Thompson Ram Iyer was working for 8 hours.
The startup culture is informal and some workers end up with job titles like customer delight manager or product whisperer.
It might work inside mature companies, but early-stage founders need to be more specific.
In an interview withNatasha Mascarenhas, B2B stealth startup founder Akshaya Dinesh said that her team was rejected by an accelerator because they hadn't picked a CEO.
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If we had to choose, it would be X, because we said that we were very early and we were both technical.
It is important to make sure that each contributor has a clearly defined title so that potential investors can better understand the team and its abilities.
It also means that some people will get a bigger slice of the pie than others.
Natasha wrote that titles matter as they have learned through loud legal disputes and quieter signs. Maybe even more than the name of your startup.
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Walter Thompson is a senior editor.
Your partner.
Pick your job title before you name your startup.
5 must-have board slides for revenue and sales leaders.
Bill Binch was the chief revenue officer at Pendo before he became a partner at Battery.
He was responsible for providing his company's board with quarterly updates on growth and revenue.
He writes in an article about the five slides sales and revenue teams must get right, that no one ever gets a promotion from a board meeting, but people do get fired afterwards.
The reel has a headline.
A five-quarter view.
There are segments, geographies and sectors.
There is a pipe.
The sales team has health issues.
There are 5 must-have board slides for revenue and sales leaders.
Data collection is what companies are doing with it.
Companies should aggregate information to create a superior customer experience and instead of raking in user data as a general practice.
In a detailed post on the tech site, the author explains how companies can set up data fabrics, artificial intelligence and decision intelligence frameworks to build a data-driven business without sacrificing user trust.
Data collection is not the problem, it is what companies are doing with it.
3 ways fractional CFOs can help a startup.
Most early-stage startups don't want a CFO.
It is not a critical role until the company reaches product-market fit and the best ones are expensive to recruit and retain.
A part-time CFO may be a better option for companies that are in the process of shaping up their finances before looking for new funding, according to Ranga Bodla, head of industry marketing for Oracle NetSuite.
With no sign that the flow of capital will ease in the near future, bringing in a fractional CFO could be a well- timed strategic move for startups with ambitious growth plans.
3 ways fractional CFOs can help a startup.
What happened to the IPO valuation?
In India, nearly every store has a sign with a code that customers can use to pay.
There was a lot of optimism ahead of the IPO. The stock fell further this week after tanking the day before.
Alex Wilhelm writes that the public didn't like the IPO price. Despite a growing merchant base and strong rise in GMV, it appears that Paytm is struggling to pull enough revenue from its work to cover the cost of doing business.
What happened to the IPO valuation?
Visa's loss could be Affirm's gain.
The image has been modified
Credit cards can be costly for e-commerce retailers, as they can lead to customers making fewer transactions and abandoning shopping carts.
The decision by Amazon to stop accepting Visa cards in the UK is proof of how much those costs matter.
Ryan writes that a host of e-commerce platforms are moving to alternatives like buy now, pay later as customers tend to buy more often when given no-interest or interest-free payment alternatives, and providers like Affirm and Afterpay are poised to reap the benefits of this shift.
As retailers seek to grow their top-line sales, reach new customers and move beyond credit cards as a primary payment method, we are likely to see more partnerships and adoption of the BNPL.
Visa's loss could be Affirm's gain.
What can open source-based companies learn from Confluent?
The image was created by Olivier Le Moal.
After they have either succeeded or failed at a product, they are often told to shift focus.
Ron Miller writes that Confluent built a cloud product while still figuring out its service business.
The challenge for us was that we had a software offering with a lot of demands, and we had to build a cloud offering across all the different clouds while still servicing that existing customer base.
Growing the existing business and building something new are both hard problems, so that was the biggest challenge for us.
The dual focus paid off when Confluent became a $22 billion publicly listed company, and why founders should trust their instincts.
What can open source-based companies learn from Confluent?
Other permanent-capital VCs weigh in when a model is changed.
In October, Sequoia Capital announced that it would create a new structure that would roll all of its investments into a single fund.
The industry is still beholden to the 10-year fund cycle that was pioneered in the 70s, wrote partner Roelof Botha in a post.
Several U.K.-based VC investors told Anna and Alex that the move to a more permanent Registered Investment Adviser model is meant to counter that.
It takes a fund with strong relationships with their investors to even consider this kind of option.
Other permanent-capital VCs weigh in when a model is changed.
