Walter Thompson, Ram Iyer /
An aerial view of a tower of the Golden Gate Bridge

Farmers don't get embarrassed when the price of corn goes down, and there's no reason for startup founders to lose their joy because publicly traded tech stocks are undercutting their valuations.

If you want to make as much money as possible, you'll be disappointed. The Bible says that the rain falls on the just and the unjust if you accept a down round or smaller seed check.

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

The market has quickly turned to favor the buyers, but the good news is that it isn't broken.

They share a calculator for using growth metrics and public market valuations that can help founding teams triangulate to a more company-specific enterprise value.

The IPO window is closed for most of the strong candidates.

If you have an idea for a product or service that might be valuable to others, it's not a good idea to spend your days working for someone else.

Thanks a lot for reading.

Walter Thompson Senior Editor, TechCrunch+

Your partner.

What am I worth now?

Cram downs are a character test for VCs and founders

Hand squeezing fresh orange juice

The image is called xijian and it opens in a new window.

The bottom feeders of the venture capital business are follow-on investors who take advantage of the closing IPO window to foist unfavorable terms on founders.

It is common for entrepreneurs who have invested years of their lives into a startup to accept the terms of the public markets contract.

VCs will stop playing this game when founders stop negotiating.

Cram downs are a character test for VCs and founders

How to think like an investor: Understanding the actual cost of fundraising

It might be useful to borrow an investor's perspective now that valuations are moving.

The presumption that a company knows what its investors want is a lofty one, says RebeccaMitchem, a partner at Neotribe.

In a post,Mitchem answers three questions.

  1. How expensive is venture capital (as defined by the amount of dilution)?
  2. What financial milestones will investors expect me to reach between each raise?
  3. What are the more subjective milestones I need to hit to evidence I’m ready for the next raise?

How to think like an investor: Understanding the actual cost of fundraising

Steer’s Anuja Sonalker explains the benefits of chasing the less glitzy side of autonomy

Anuja Sonalker, ceo and founder of Steer Tech

The image was created by Bryce Durbin.

The ultimate goal of the industry is to create vehicles that can operate in any situation that a human driver could navigate.

Driving is a collection of acquired and practiced skills, and negotiating a traffic jam requires a different set of skills than parallel parking.

Nobody will solve everything. Steer Tech founder and CEO Anuja Sonalker told Rebecca Bellan that everyone is going to master one area and then work with others to create an end-to-end ecosystem.

In their interview, Sonalker talks about the importance of automotive cybersecurity, how automation makes freight more efficient, and why focusing on less glamorous tech can help companies build better products.

Steer’s Anuja Sonalker explains the benefits of chasing the less glitzy side of autonomy

MLB forays into the future with new tech for the old ball game

ARLINGTON, TX - OCTOBER 21: Cody Bellinger #35 of the Los Angeles Dodgers looks at an iPad during batting practice prior to Game 2 of the 2020 World Series between the Los Angeles Dodgers and the Tampa Bay Rays at Globe Life Field on Wednesday, October 21, 2020 in Arlington, Texas. (Photo by Alex Trautwig/MLB Photos via Getty Images)

Alex Trautwig is the image credit.

Baseball has come a long way since 1897, when a math professor designed a pitching machine that ran on gunpowder.

Baseball is a technology-driven enterprise where team owners, players, media organizations and individual fans have access to raw statistics.

The head of engineering at Major League Baseball, Vasanth Williams, was interviewed by enterprise reporter Ron Miller.

He said that MLB has a long history of using data and technology and that he loves doing it.

MLB forays into the future with new tech for the old ball game

An inside look at a Ukrainian fintech startup adapting to life during wartime

In the 54 days since Russia began its invasion, the Ukrainian IT community has helped its citizens and military by volunteering offices to house displaced citizens and helping employees move out of active war zones.

Even as many workers have put down laptops and picked up arms, shifting company operations to digital helped them prepare for the war and maintain productivity.

The IT sector may become the new driver of the economy as demand for IT remains high.

An inside look at a Ukrainian fintech startup adapting to life during wartime

“Found” receives Webby nomination for best technology podcast

The best technology podcasts category has Nominations for Found, a show where founders share the stories behind their startups.

You can vote before April 21 to help it win the People's Voice Award.

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