TechCrunch+ summary: South Korea investor survey, 1-hour board meetings, venture rental basics

Aftermarket software program startup TigerEye shut down Collection A and arrange a board of administrators, its co-founders warned them:

One factor we’d by no means wish to do is a three-hour, too wild, non-strategic board assembly.

“Each board deck I make and see is over 80 pages lengthy,” says Tracy Younger, TigerEye co-founder and CEO. I don’t exaggerate.

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This TC+ article explains the best way to construction a one-hour board assembly that creates actual worth for founders and traders. The first step: change your big deck with a three-page notice.

We’re taking Monday, Might twenty ninth, off to rejoice Memorial Day, so I will be again with one other TC+ assembly per week from right this moment.

Have a terrific weekend!

walter thompson
Content material Supervisor, TechCrunch+
@yourhero

Why aren’t enterprise capitalists flocking to finance their cybersecurity initiatives?

The accelerating shift to digital has been nice for mature cybersecurity corporations: Alex Wilhelm stories that Palo Alto Networks, Scaler, and CrowdStrike are displaying sturdy income multiples.

However there would not appear to be a halo impact for venture-backed cybersecurity startups. In keeping with Crunchbase, funding for corporations on this business fell 58% within the first quarter of 2023 in comparison with the primary quarter of 2022.

“On condition that rankings have dropped general, right this moment’s cybersecurity inventory costs have dropped considerably, even when they continue to be dearer than different expertise subcategories,” writes Alex.

Profitability as a substitute of progress: 5 traders clarify their mantra for South Korean startups

Picture Sources: Bryce Durbin TechCrunch

South Korea has seen a unicorn increase lately, however like the remainder of the world, it’s feeling the results of a worldwide market correction.

“Within the first quarter of 2023, enterprise finance in Asia fell 33% from the fourth quarter of 2023 and 57% from the primary quarter of 2022,” says Kate Park, who surveyed 5 traders to get their 2023 forecasts and the way they advise portfolio corporations. . :

• Han Kim, basic companion, Altos Ventures
• Tim Chae, managing companion, 500 World
• JP Lee, CEO and managing companion, SoftBank Ventures Asia
• Yeemin Chung, managing director, BRV Capital Administration
• Eunse Lee, founder and managing companion of 541 Ventures

Ask Sophie: What are my choices if an organization cancels my OPT job supply?

Picture Sources: Bryce Durbin/TechCrunch

Pricey Sophie,

I’m a global pupil graduating this month, however the firm I used to be supposed to start out working at OPT canceled my job supply.

What are my choices?

— Grappling Graduate

3 issues companies have to do to safe their apps within the age of AI

Picture Sources: Henrik Sorensen (opens in a new window) / Getty Photos

Firms with AI-enabled functions give unhealthy actors a wider assault floor on the subject of phishing, bots, and different makes an attempt to achieve entry to buyer accounts.

“We’re already seeing examples of reverse engineering AI-powered websites to attain free AI computing,” says Reed McGinley-Stempel, co-founder and CEO of Stych, a buyer identification and entry administration (CIAM) platform.

Enterprise rent: The unsung hero for {hardware} startups struggling to lift capital

Picture Sources: bagi1998 (opens in a new window) / Getty Photos

{Hardware} startups have all the time struggled on the subject of excessive start-up capital expenditures and open-ended R&D timelines.

Thankfully, enterprise leasing creates “a contented setting that works notably nicely between costly debt loans and enterprise capital financing,” stated Felipe Chávez Cortés, CEO and co-founder of robotic meals supply firm Kiwibot.

To get merchandise to market sooner whereas avoiding dilution, his firm has signed a $10 million enterprise leasing settlement.

In keeping with Cortés, “{Hardware} corporations mustn’t really feel restricted to VC funds to finance their high-risk, fast-growing operations.”

Pitch Deck Teardown: Faye’s $10M Collection A deck

Picture Sources: Faye

Insurtech startup Faye shared a revised model of the 19-slide deck her founders used to obtain the $10 million Collection A spherical.

“Let’s get this straight out of the way in which,” says Haje Jan Kamps. “That is a extremely wonderful gross sales pitch.”

• cowl slide
• abstract slide
• crew slide
• downside slide
• Market dimension slide
• Insurance coverage market overview slide
• Product overview slide
• Product specification slide 1
• Product options slide 2
• Product options slide 3
• Product options slide 4
• Go-to-market slide
• Monetary progress metrics slide
• Buyer progress metrics slide
• Buyer verification slide 1
• aggressive panorama slide
• Ask slide
• Buyer verification slide 2
• Closing slide with mission assertion