Earlier this month at the early stage of TechCrunch, I spoke with Frédéric Dam, partner investor at GV, about product-to-market fit..
A standing-up crowd filled the room as Dame talked about her experience leading product and development at Uber, Yahoo, and Smugmug, sharing what she learned about collecting customer data, rapid iteration to test ideas, and emerging issues. with scaling teams from a few dozen people to several thousand employees.
We also discussed several specific tactics and strategies that can help organizations transition to PMF, including effective ways to collect and share user data, and develop customer personas that help everyone understand the company’s mission and purpose.
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Compiling our 40-minute conversation into one article was beyond me, so next week I’ll share a follow-up with additional takeaways from our chat and follow-up Q&A from the audience.
Dame shared one piece of advice I’ve never heard from an investor: More founders need to learn how to make themselves vulnerable.
“Trust me with what you don’t know or what doesn’t work, because once we invest, we still have to work on it,” she said. “I’d rather start working on this material early.”
Thank you very much for reading! I hope you have a fantastic weekend.
Senior Editor at TechCrunch+
Fueled by Billions of Capital, Meet 9 Startups Designing Tomorrow’s Batteries Today
In his first feature on TechCrunch+, Senior Climate Writer Tim De Chant reviewed nine startups optimizing battery technology for electric vehicles that have collectively raised just over $4 billion over the past 18 months.
Improving technologies such as solid-state batteries, replacing certain chemicals, and using hybrid chemicals are just some of the methods startups are using to reap benefits such as weight reduction while increasing range and safety.
“But it’s not just cars and trucks that will be affected by the battery revolution that will take place over the next few years,” he writes.
“Like many advances, better, lighter and more durable batteries will lead to unexpected and welcome changes in our lives.”
How to get into Y Combinator, according to Dalton Caldwell of YC
Speaking with Editor Greg Kumparak at the TechCrunch Early Stage, YC Managing Director and Group Partner Dalton Caldwell talked about the application process founders must go through before they are accepted into one of the world’s leading accelerators.
“The first thing I look at when I read an application is the team. What I need is technical excellence in the team,” Caldwell said.
“Our teams that are trying to hire third party engineers or consultants or whatever to build their product tend to progress a lot slower than people with a technical founder,” he added.
“They tend to get ripped off.”
Dear Sophie! When should I sponsor engineers for green cards?
The engineers we are trying to hire are increasingly asking us to sponsor them for green cards. I have no HR experience, but at our startup, I was given HR responsibilities.
Can you give me a rundown of the available green cards?
Can you sponsor someone for a green card without first obtaining an H-1B or other visa? Which green card is the fastest?
– A focus on talent
Early stage fundraising is a story of two planets
Startup values have skyrocketed in recent years, but investors still favor “experienced founders with pedigree, good people or good connections,” writes Leslie Feinzaig, CEO and founder of Graham & Walker, a fund/accelerator that promotes women in business.
The founders of Planet Flush “live in a planet of big, noisy, and competitive early rounds,” but the people of Planet Scrappy live in a world “where fundraising is extremely difficult and unlikely,” she writes.
Funding isn’t the only discrepancy, Feinzaig said: Strongly connected founders aren’t likely to face a real test until they’re looking for Series B, but “Meanwhile, at Planet Scrappy, Series A-level diligence happens at the pre-seed stage.”
Presentation Deck Breakdown: Minute
Minut, which makes wireless sensors for monitoring short-term rental properties, closed a $14 million Series B last month.
Reporter Haie Jan Kamps broke down a 21-slide presentation to show how Minut used data visualization and storytelling to give investors a clear picture of market opportunities, the competitive landscape, and where the company is gaining momentum.
If you’d like your presentation to be featured on TechCrunch+, click here for details.
Credit: techcrunch.com /