California is the world’s breadbasket, which implies we gather, transport and retailer as a lot water as potential. About 12% of the power produced within the state is used to pump water.
Thrifty CEOs are simply as considerate in relation to managing funds: Sustaining liquidity and retaining an in depth eye on burn price is the one strategy to decide how a lot runway stays.
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Use low cost code TCPLUSROUNDUP to save lots of 20% off a one- or two-year subscription.
On this overview for first-time founders, Benjamin Döpfner (founder and CEO of Vesto) explains the best way to develop a treasury administration technique that optimizes working and strategic money reserves.
“Given the current meltdown of SVB, First Republic and different startup-focused banks, discovering methods to guard your money is significant,” says Döpfner.
“Startups have to double down on defending their money greater than ever earlier than, significantly if it sits in a small- or medium-sized financial institution.”
TechCrunch Disrupt takes place subsequent week, and I’m moderating three panel discussions on the Builders Stage:
- When to Comply with the Hype and When to Ignore It?
- How Founders Ought to Strategy the TAM Query When Enterprise Capital Is Scarce
- How one can Stretch Your Enterprise {Dollars}
I’ll additionally be a part of immigration lawyer and TC+ columnist Sophie Alcorn for a stay model of “Ask Sophie,” so deliver your questions.
It’s shaping as much as be a really busy week, so we’ll be again on Friday, September 22 with a brand new TC+ Roundup.
See you in San Francisco!
Walter Thompson
Editorial Supervisor, TechCrunch+
Your B2B leads are going to waste
Picture Credit: banusevim (opens in a brand new window) / Getty Photographs
Everybody needs to be the hero who saves the day, however it’s laborious to hit a house run in B2B gross sales.
As an alternative of permitting buyer knowledge to assemble mud in your CRM, gross sales groups ought to develop a segmented technique to achieve out to lapsed leads, says TC+ columnist Jonathan Martinez.
“It’s potential to perform this aim, even with restricted assets, by having automations and an entire technique in place.”
8 Latin American VCs share why they’re brimming with optimism concerning the area’s startups
Picture Credit: Rafael Paulucci / Getty Photographs
For our newest survey, Anna Heim interviewed eight VCs who’re energetic in Latin America to be taught extra concerning the sectors they’re watching, why the area has stopped minting unicorns, and “what wouldn’t it take to reignite international traders’ curiosity:”
- Denis Pedreira, Latin America Investments, Prosus Ventures
- Lolita Taub, basic companion, Ganas Ventures
- Geraldo Melzer, founding companion, ABSeed Ventures
- Julio Vasconcellos, managing companion, Atlantico
- Rodrigo Vieira, companion, Caravela Capital
- Nathan Lustig, managing companion, Magma Companions
- Marta Cruz, co-founder and managing companion, NXTP Ventures
- Hernán Haro, founder and basic companion, MrPink VC
Ask Sophie: Can I get an O-1A visa to bypass the H-1B course of?
Picture Credit: Bryce Durbin/TechCrunch
Pricey Sophie,
I’m a global pupil from India who shall be eligible for STEM OPT beginning in January.
My plan has been to discover a means to make use of it for my tech startup, however finally, I have to shift to a piece visa as a result of I need to be the CEO.
Can I bypass the entire H-1B visa factor by getting an O-1A visa? If sure, can I do it with only a bachelor’s diploma? What counts as extraordinary skill?
— Spirited STEM Scholar
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Can the short grocery supply mannequin solely work in rising markets?
Picture Credit: Getty Photographs/Bet_Noire
Closures and consolidations hit the short grocery supply sector within the U.S. final yr, however in Latin America, optimistic unit economics make these firms extra viable, stories Rebecca Szkutak.
Decrease labor prices and direct relationships with meals producers are simply two components giving these startups wider margins in rising markets, she discovered.
“In Western Europe, and the U.S., it’s all about common order worth,” mentioned Larry Aschebrook, a managing companion at G Squared. “It simply doesn’t work in any other case.”
What’s lacking from Man Kawasaki’s 10-slide deck
Picture Credit: Haje Kamps (opens in a brand new window) / midjourney.com (opens in a brand new window)
Man Kawasaki is an writer, speaker and self-described “evangelist,” however many know him finest for his pitch deck ethos: Founders ought to create simply 10 slides utilizing 30-point font that takes 20 minutes to current.
“Kawasaki’s 10-slide deck will get just a few issues extraordinarily proper,” says Haje Jan Kamps, however after evaluating it to his personal “21-point pitch deck guidelines,” he says the VC’s template “doesn’t work as effectively” because it used to.
