Tuesday, April 5, 2022
HomeMobileYC demo days, pitching heat up drills, Kentucky’s Bitcoin miners – TechCrunch

YC demo days, pitching heat up drills, Kentucky’s Bitcoin miners – TechCrunch

The sidewalks alongside College Avenue in Palo Alto was once an ideal place to do enterprise.

For many years, there have been a number of blocks the place angels and VC companions camped out at café tables, taking pitches between lattes. The pandemic put a cease to that, nonetheless.

As of late, when you might have a chance to promote an investor in your thought, it is going to seemingly be by way of a video name, not over a croissant or a shawarma.

Contemplating what number of calls buyers take each day, “this new pitching mannequin presents a brand new drawback for founders,” says Flint Capital associate Andrew Gershfeld, whose agency critiques roughly “1,500 on-line pitches per 12 months.”

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To chop via the noise, he recommends that founders create a “teaser trailer” to share with their community earlier than they start approaching angels and VCs. Not an entire deck, however an embellished elevator pitch meant to whet buyers’ appetites earlier than you serve them the complete meal.

Says Gershfeld, “since we’re not getting the identical in-person assembly alternatives, that is how founders can hook buyers’ consideration.”

His submit identifies the important parts of a teaser trailer and features a template for how you can construction the presentation “for one of the best impression.” It’s remarkably detailed.

I empathize with Palo Alto café house owners, however distant pitching is a ability each founder wants, and it’s an efficient option to degree the taking part in area in the case of fundraising. Begin right here.

Have an ideal weekend,

Walter Thompson
Senior Editor, TechCrunch+

April 5 Twitter Area: “ Pitch Me” with Arvind Gupta

On Tuesday, April 5 at 2:30 p.m. PT, I’m internet hosting a Twitter Area with Arvin Gupta, a associate at Mayfield Fund.

We’ll focus on normal pitching methods and speak about what he’s in search of in the meanwhile earlier than we take questions from the viewers, so please click on right here to set a reminder so you may be part of the dialog.

5 issues first-time founders should keep in mind when working with VCs

Image of a yellow envelope with a red notification dot.

Picture Credit: Carol Yepes (opens in a brand new window) / Getty Photographs

Nothing beats expertise like expertise, which is why we have been blissful to run this text written by Zach DeWitt, winner of the 2013 TechCrunch Meetup and Pitch-off.

DeWitt, who grew to become a VC after promoting Drop, Inc. to Snapchat in 2016, shares 5 important classes for first-time founders wandering within the wilderness in the hunt for an investor who’ll be “a real associate.”

There’s an inherent energy imbalance when asking a stranger for cash, however “VCs ought to work to earn your belief,” writes DeWitt.

“In some ways, it’s like discovering the best partner.”

Why Nigeria leads the best way in YC’s participation in Africa

YC Demo Day Winter 2022

Picture Credit: TechCrunch

With 18 of the 24 African startups in Y Combinator’s Winter 2022 batch hailing from Nigeria, the nation is exhibiting the depth and breadth of its technical expertise.

In a well-researched report, Tage Kene-Okafor examines how components equivalent to YC going distant, elevated investor curiosity, and relationships with earlier Nigerian YC graduates helped this bustling ecosystem direct extra firms into the accelerator than many different tech markets this 12 months.

Bitcoin miners are dusting off Kentucky coal cities, spurred by state crypto tax incentives

Image of a person walking past a wall of bitcoin mining rigs

Picture Credit: LARS HAGBERG/AFP (opens in a brand new window) / Getty Photographs

To extract gas buried a whole lot of ft under, the coal trade reshaped Kentucky’s panorama, flattening complete mountaintops and utilizing the waste materials to fill in creeks and valleys.

However now that demand for coal is dropping as utilities shift to cleaner vitality sources, the state is utilizing incentives to draw Bitcoin miners, experiences Jacquelyn Melinek.

In 2022, Kentucky represents “18.7% of america’ complete Bitcoin hashrate,” she writes.

In the present day, Bitcoin miners are organising store in deserted factories, warehouses and certain, former coal mines round Kentucky to make use of coal-generated energy to run their rigs.

“Bitcoin miners are consumers of final resort for vitality,” mentioned Nick Hansen, CEO of Bitcoin hashrate administration platform Luxor.

“They’ll purchase any vitality as much as a sure worth they usually can do it wherever the web is offered.”

Our favourite startups from YC’s Winter 2022 Demo Day, half 1

YC Demo Day favorites

Picture Credit: TechCrunch/Bryce Durbin

Y Combinator’s Winter 2022 Demo Day this 12 months featured 414 startups from 42 nations throughout over 80 sectors.

That’s a number of firms to contemplate, however in line with TechCrunch custom, Alex Wilhelm, Natasha Mascarenhas, Devin Coldewey, Christine Corridor and Mary Ann Azevedo checklist their favourite startups from day one.

Our favourite startups from YC’s Winter 2022 Demo Day, half 2

YC Demo Day favorites

Picture Credit: TechCrunch/Bryce Durbin

Day two of Y Combinator’s W22 uncovered a couple of tendencies: many startups are constructing for the Southeast Asian market, fintech remains to be a winner, Nigerian startups are hitting it out of the park, and India was once more well-represented.

To wrap up our protection, Christine Corridor, Alex Wilhelm, Devin Coldewey and Mary Ann Azevedo chosen a couple of firms to observe from the startups that offered on day two.

Regardless of tooling limitations, DAO optimists see new use instances for a democratic, token-based future

Image of a hand inserting a speech bubble into a white piggy bank against a purple background.

Picture Credit: Boris Zhitkov (opens in a brand new window) / Getty Photographs

Many on-line communities want to decentralized autonomous organizations (DAO) to lift funds to allow them to convey their concepts to life, however with out instruments and software program to make it simpler for folks to take part, adoption has been gradual.

Nonetheless, some buyers and customers are hopeful that as tooling develops, DAOs will generate extra use instances than people pooling their sources to purchase NFTs or objects of widespread curiosity, experiences Jacquelyn Melinek.

“There will likely be a number of evolution [for DAOs] as we begin to match the expertise into human habits,” Sarah Wooden, head of operations at Upstream, mentioned. “I see a world the place you should use a DAO to your e-book membership, or no matter you need.”

Expensive Sophie: What can we do to assist staff who’re Ukrainian residents?

lone figure at entrance to maze hedge that has an American flag at the center

Picture Credit: Bryce Durbin/TechCrunch

Expensive Sophie,

We now have a number of staff who’re Ukrainian residents; one is on OPT and the opposite is on STEM OPT. We wish to be certain they will proceed to dwell and work in america.

Our most rapid concern is for the F-1 pupil whose OPT standing is expiring in June. We registered her on this 12 months’s H-1B lottery and are hoping she’s chosen this week to use.

Within the meantime, we heard that Ukrainians are eligible for TPS. Does that embrace F-1 college students on OPT? Ought to our different Ukrainian staff additionally apply for TPS despite the fact that their work visas are good for a couple of extra years?

What’s the course of for making use of for TPS?

— Sturdy Supporter

Goldman Sachs’ OTC Bitcoin choices commerce can pave manner for extra institutional involvement

An image of a screen at a trading post on the floor of the New York Stock Exchange is juxtaposed with the Goldman Sachs booth

Picture Credit: Richard Drew/AP

Goldman Sachs has been energetic in crypto for some time now, however its Bitcoin choices commerce final week might have paved the best way for extra institutional funding corporations to start exploring the cryptocurrency ecosystem, pending regulatory readability, experiences Jacquelyn Melinek.

“The commerce itself doesn’t imply a lot, however the truth that it occurred and opens the flexibility for Goldman Sachs to commerce this threat is massively vital, and that is just the start,” mentioned Tim Grant, head of Europe at Galaxy Digital.

“As quickly as you get into that half, that set of hurdles, you’re intellectually and operationally free to do different issues. It’s not the commerce itself, it’s that it will permit us to go in a mess of instructions.”

The how and why of elevating OT safety capital

hand holding a padlock and in the background the html code on a computer screen

Picture Credit: SOPA Photographs (opens in a brand new window) / Getty Photographs

Operational expertise, which permits crucial infrastructure to function 24×7, is one space going through vital cybersecurity threat, and with the U.S. authorities taking steps to mitigate the risk, safety corporations addressing this space stand to learn probably the most, writes Matt Gatto, a managing director at Perception Companions.

In a visitor submit for TC+, he explains how current assaults on crucial infrastructure, pending regulation, and rising considerations over Russian cyberattacks are creating new alternatives in OT.

“It’s a superb time for OT safety suppliers to hunt funding,” says Gatto. “The mix of accelerating OT cyberattacks and the emergence of presidency rules is fueling a funding frenzy.”

Co-founders of Ukrainian startup Delfast focus on navigating via a disaster

Daniel Tonkopi and Serhiy Denysenko, co-founders Delfast

Picture Credit: Bryce Durbin

Based in 2014, e-bike startup Delfast has places of work in Los Angeles and Kiev.

However after Russia invaded Ukraine, co-founders Daniel Tonkopi and Serhiy Denysenko began relocating relations and staff, discovering methods to assist their nation’s protection, and, “operating a startup throughout a warfare,” experiences Rebecca Bellan.

Daniel Tonkopi:

All of us work now in two shifts. The primary shift is our standard work and the second shift is our voluntary work. In Kyiv, half of our engineers are at warfare now. They’re within the Territorial Protection Forces, which is like an official civilian military.



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