TechCrunch+ Roundup: SAFE founder survey, replacing a CEO, how cyber insurance works


Share post:

A friend recently spent months getting into shape for a physical so he could obtain a lower insurance rate. He got the policy and plans to continue working out because he feels so much healthier.

Tech companies that plan to buy cyber insurance are in a similar boat: IT managers must conduct risk assessments and usually add new security measures to qualify, but doing the work can be its own reward.

Full TechCrunch+ articles are only available to members.
Use discount code TCPLUSROUNDUP to save 20% off a one- or two-year subscription.

“In the end, the benefits from working through the process of achieving eligibility for cyber insurance can go far beyond the issuance of a policy,” says security strategist Ilia Sotnikov.

In this article, he explains “what cyber insurance actually covers,” identifies the critical measures most insurers require and explains why implementing multifactor authentication may not cure every problem.

Thanks for reading, and have a great weekend.

Walter Thompson
Editorial Manager, TechCrunch+

Pitch Deck Teardown: Unito’s $20M Series B deck

Pitch Deck Teardown Image Credits: Unito

Unito, a platform that lets customers manage multiple SaaS apps in one place, announced a $20 million Series B round in October 2022.

“Strategically, the path Unito built makes a lot of sense, and I’m not surprised that this narrative resonated with investors,” writes Haje Jan Kamps, who unpacked the lightly-redacted deck:

  1. Cover slide
  2. Highlights/summary slide
  3. Market context slide
  4. Problem slide
  5. Solution slide
  6. Product slide
  7. How it works slide
  8. Product evolution slide
  9. Growth/traction slide
  10. Competition/positioning slide
  11. Team slide
  12. Summary slide

5 founders discuss why SAFEs are better for early-stage and bridge rounds

SAFE round, founders, startups

While SAFE rounds are considered founder friendly, most founders only think they are a good idea for certain rounds. Image Credits: Bryce Durbin

Rebecca Szkutak interviewed five founders who raised money via simple agreement for future equity (SAFE) rounds, instead of going the traditional seed/Series A route.

“By the time a startup reaches the Series A stage, this mechanism is less attractive for a variety of reasons,” she writes.

Here’s who she surveyed:

  • Zach Blank, founder, Hurry
  • Amy Divaraniya, founder and CEO, Oova
  • Tory Reiss, CEO and co-founder, Equi
  • Arman Hezarkhani, founder and CEO, Parthean
  • Vishwas Prabhakara, founder and CEO, Honey Homes

Get the TechCrunch+ Roundup newsletter in your inbox!

sign up for the TechCrunch+ roundup newsletter

To receive the TechCrunch+ Roundup as an email each Tuesday and Friday, scroll down to find the “sign up for newsletters” section on this page, select “TechCrunch+ Roundup,” enter your email, and click “subscribe.”

Click here to subscribe

Ask Sophie: Which US visas are best for international founders?

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

Image Credits: Bryce Durbin/TechCrunch

Dear Sophie,

I am from Georgia but I live in Poland. I created my startup in Delaware a few years ago. To realize it and grow it, I need to move to the U.S.

I have a business plan and a market plan, but no immigration plan. What’s your advice? Which visa should I apply for?

— Global Georgian

Finding CEO: It’s the new ‘Finding Nemo’

GettyImages 1400417602

Image Credits: Getty Images / Sakchai Vongsasiripat

It’s rare for a founding CEO to take their company public: As of 2015, “only one-third of startups that reached IPO had their founders as CEOs,” writes Haje Jan Kamps.

Replacing a CEO is a complicated process — senior executives and board members should be aligned, founders must be ready to let go, and the winning candidate needs to get started as quickly as possible.

“In the majority of cases, there comes a time that you need to have a professionally credentialed CEO to take the company to the next level,” said DeeDee DeMan, founder and CEO of executive search firm Bench International.

“And that’s completely dependent upon the acceptance and the mentality of the founding CEO.”

How to prevent an ‘operational catastrophe’

Paper Cut Craft Battery Only Has One Red Cell Left on Beige Background Directly Above View.

Image Credits: MirageC(opens in a new window) /Getty Images

Julia Ivzhenko, head of operations at Futurra, launched a new edtech app with a 20-person team that answered students’ questions in real time.

Network effects drew in a growing stream of new users, but “we concentrated on scaling and didn’t have time to think if the resources of our team were enough to keep going with such speed,” she writes in TC+.

“To prevent the approaching catastrophe,” she developed a five-step plan that analyzed key processes and highlighted bottlenecks that ultimately generated “a timeline for optimization.”

Source link

Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

Recent posts

Related articles

Tinder goes ultra-premium, Amazon invests in Anthropic and Apple explains its new AirPods

It’s that time of the week again, folks — time for Week in Review (WiR), TechCrunch’s newsletter...

How much can artists make from generative AI? Vendors won’t say

As tech companies begin to monetize generative AI, the creators on whose work it is trained are...

Venture capital is opening the gates for defense tech

Welcome to the TechCrunch Exchange, a weekly startups-and-markets newsletter. It’s inspired by the daily TechCrunch+ column where...

Humane’s ‘AI Pin’ debuts on the Paris runway

You’d better believe that Humane is going to milk the media hype cycle for all it’s worth....

Kick streamers consider leaving over CEO’s comments in a sex worker ‘prank’ stream

Streamers are leaving Kick en masse in protest of the platform’s lack of safety guidelines, after a...

VW bails on its plan for a $2.1B EV plant in Germany

Volkswagen’s $2.1 billion plan to launch a dedicated electric-vehicle factory in Wolfsburg, Germany is kaput.  The automaker instead...

When predatory investors damage your chances of success

Welcome to Startups Weekly. Sign up here to get it in your inbox every Friday. You know what...

Pudgy Penguins’ approach may be the answer to fixing NFTs’ revenue problems

Pudgy Penguins was once solely known for its 8,888 NFT collection. But ever since 24-year-old Luca Netz...