Welcome to Startups Weekly, a nuanced tackle this week’s startup news and trends by Senior Reporter and Equity co-host Natasha Mascarenhas. To get this in your inbox, subscribe here.
It’s been a giant week for tech acronyms. I woke up on Monday to news that First Republic Bank has been closed down by regulators — and JP Morgan will buy $330 billion value of assets. The news then spiraled into one other query for startups: How does losing yet one more banking partner, in a matter of weeks, feel on this environment?
As I learned, together with my colleagues Mary Ann Azevedo and Christine Hall, entrepreneurs feel fatigue. It’s true: When First Republic Bank was in its final moments, Silicon Valley didn’t convulse with shock or lather itself right into a social media tizzy. As an alternative, there was a general malaise — and awareness of the gap ahead.
Read the remaining of our piece on TC+: “As one other startup bank partner collapses, tech feels the gap.”
As for the opposite acronym, you don’t should look far to search out a GPT angle today. Alex Wilhelm and I wrote a chunk about ChatGPT’s impact on edtech, inspired by Chegg’s admission that generative AI has indeed hurt recent user growth. As our interviews tell us, OpenAI is clearly changing things for edtech entrepreneurs, and at large, asking them to ask much harder questions, paradoxically enough.
Read our piece on TC+: “OpenAI’s ChatGPT is shaking up the edtech markets.”
With that, let’s get into the proper pitch deck and the outsider advantage. Follow me on Twitter, Bluesky or Instagram to proceed the conversation. In the event you feel like supporting me extra, subscribe to my free Substack.
The proper pitch deck
The inimitable Haje Jan Kamps has done 47 pitch decks in his Pitch Deck Teardown series. Now he’s asking: How could we do it higher? With the assistance of Trulytell (with an assist from their designer, Jake Muller), Kamps sought to enhance a startup’s deck until it became the proper pitch deck. The outcomes are actually interesting.
Here’s what to know: It’s hard. Take this excerpt from the teardown, if that helps:
I’m sorry, but you do should sense-check your numbers. There’s absolutely no way Supliful’s total addressable market is inside 10% of the complete planet’s healthcare spend. This slide feels so insanely, ludicrously fallacious, it made me wonder where this calculation got here from.
Come for the window into perfection, stay for the fact checks.
The surface advantage that your investor could also be curious about
On Equity this week, I spoke to Sam Chaudhary, CEO and co-founder of ClassDojo, and Chris Farmer, CEO of SignalFire, a enterprise firm that recently announced a $900 million fund to back tech startups. This interview is structured a bit otherwise because it was actually recorded as a TechCrunch Live session, our weekly show that focuses on helping people start higher venture-backed businesses.
Here’s what to know: The most effective a part of the interview was around outsider advantage in a sector like edtech and the best way to balance with insider awareness on the intricacies of the space. Listen when you need a snapshot into the considering behind a slow-to-monetize company on the way it pulled off investor patience, vision and early mapping.
- Programming note: In the event you’re reading this on a browser, get this in your inbox too! Subscribe here and share it together with your friends.
- In fact: It’s already Disrupt season. Reminder that there’s a ticket for each budget and role.
- And at last, I actually have a shameless plug: Scoops make me! In the event you hear a couple of enterprise firm or startup winning, raising, flailing, or, oh I don’t know, booting an executive due to internal happenings, tell me. I really like seeing early pitch decks and term sheets too. Completely happy to discuss anonymity and explain more of my process and what I’m on the lookout for. You’ll be able to tell me stuff on Signal at +1 925 271 0912. No pitches, please.
Seen on TechCrunch
How Shopify bungled its latest layoffs and made employees feel like NPCs
RapidAPI headcount down 82% from fresh layoffs lower than two weeks after cutting 50% of staff
Consider the monetized children and other TC news
With DeepFloyd, generative AI art gets a text upgrade
Crypto, influencers targeted in Kenya’s recent tax bid
Seen on TechCrunch+
The ice-breaking IPO we’ve waited for won’t come from the US in spite of everything
AI is just another person’s computer
Ask Sophie: Will I be allowed into the US if my passport expires in 5 months
Care for yourself,