Even though the economy is showing a slight recovery, 2024 may not be much better than 2023 when it comes to startups sharing a piece of the budget pie.
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If startups want a chance to make it through another tough year, they need to prove their worth now more than ever. Investors told TechCrunch’s Ron Miller and Rebecca Szkutak that they are still waiting for some signs of growth. And don’t forget the elephant in the room: genetic artificial intelligence.
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The X rule and how cloud leaders need to think about growth versus profit
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“Many financial executives love the Rule of 40 for its clarity, but assigning equal weight to growth and profitability for late-stage businesses is misguided and has led to bad business decisions,” Bessemer Venture partner Byron writes Deeter and Bessemer investor Sam Bondy.
That’s why the company wants to throw a new equation into the ring: X’s rule, which, according to the authors, gives a more “accurate gravity [a company’s] growth and future recurring revenue’.
Pitch Deck Teardown: Metafuels’ $8M Climate Seed Tech
Image Credits: Alternative fuels (opens in new window)
Metafuel has raised $8 million in seed funding to help its plan to reduce emissions from airplanes. But right away, pitch expert Haje Jan Kamps noticed a few things that could be improved: A match slide is missing, the team slide lacks a bit of feel, and there’s no clear question and use of chapter slides.
However, Metafuels is able to paint a picture of a rapidly growing market and how it positions itself as a critical player in it.
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Why these 30 web3 founders are optimistic about 2024
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CoinFund’s Founder Forecast looked at 30 companies across its web3 portfolio and found that things are looking good for web3 companies heading into 2024. For example, 70% of respondents said they plan to hire in the next year, and none does not want to reduce.
A quick guide to ethical and responsible AI governance
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“Strong ethical and risk management frameworks are essential to navigating the complex landscape of AI applications,” writes Phani Dasari, head of information security at Hinduja Global Solutions.
Dasari walks through the basics of AI governance — including policies, procedures and the process itself — to help companies navigate the risks and benefits of using AI.
