A good place to start reflecting on the state of startups is to analyze the state of VC investments in 2019. As expected possibly the most succinct and comprehensive overview is available in this post by Tomasz Tunguz. The investment in quantum and the number of rounds have declined in Q4 – although it is possible that all deals have not been announced yet.
YouTeam — Dev Teams Marketplace, a YC co. listed the VC’s making Series A investments and companies those garnered them. Seems like Biotech and Pharma are the largest beneficiaries (in terms of number of companies in top 25 – which is what they listed – as well as the $ raised). All data was sourced from Crunchbase.
This is the last post on Startups in 2019 and what a wonderful journey it has been in sharing my learning s everyday for this entire year. So as you brace yourself for the next let me share a post from 2018 by Y Combinator where they listed areas of interest with their own RFS – Request for Startups. Y Combinator is in a unique position to see hundreds of ideas taking shape and the gaps that remain.
First Round Capital released their State of Startups 2019 Report with 3600 submissions of information creating 190,000 + data points. This year’s survey included employees besides Founders covering 950 companies.
We all make them every day. And most of them are ugly (browse Slideshare for a bit and you will see). I speak with companies and founders, head of sales and CEO’s they all lament about how difficult it is to turn around a slide deck yet Guy Kawasaki gave the formula long back. 10/20/30. 10 slides, 20 mins and 30 point font size. Who is listening?
That’s the math that David Cummings wrote about in his post of November 23rd. It is quite simple. If you have $1m of new recurring revenue you are likely looking at a 800k gross margin. Invest half in Marketing and half in hiring two sales people. They will add $1m in new recurring revenue. Rinse and repeat.
Sammy Abdullah Co-Founder of Blossom Street Ventures wrote this overview of Startup CEO salaries which is educative as well as indicative of some trends. He painstakingly gathered and analyzed data as disclosed by companies while filing for their IPO’s and this is what it revealed:
Do you spend time thinking about your startup’s culture, your managerial priorities and how to deal with people?
Kim Malone Scott is the author of Radical Candor and led products like AdSense, YouTube and Double click online sales and ops at Google. She recounted her management lessons from her work at Google, Apple, Dropbox Twitter and 3 failed startups in her post in the First Round Capital blog.
I have referred to Jason Cohen a few times this year as I read his blog at asmartbear.com. Jason is the founder of WP Engine and has quite a track record. As we try to fine tune our pricing in this piece in reference he talks about the pricing positioning – one that could potentially help you 8X your price. Super tempting.