California is the world’s breadbasket, which suggests we gather, transport and retailer as a lot water as doable. About 12% of the vitality produced within the state is used to pump water.
Thrifty CEOs are simply as considerate in the case of managing funds: Sustaining liquidity and maintaining a detailed eye on burn charge is the one technique to decide how a lot runway stays.
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On this overview for first-time founders, Benjamin Döpfner (founder and CEO of Vesto) explains the way to develop a treasury administration technique that optimizes working and strategic money reserves.
“Given the latest meltdown of SVB, First Republic and different startup-focused banks, discovering methods to guard your money is important,” says Döpfner.
“Startups have to double down on defending their money greater than ever earlier than, notably 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 Observe the Hype and When to Ignore It?
How Founders Ought to Method the TAM Query When Enterprise Capital Is Scarce
The best way to 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 onerous to hit a house run in B2B gross sales.
As a substitute of permitting buyer information to collect mud in your CRM, gross sales groups ought to develop a segmented technique to succeed in out to lapsed leads, says TC+ columnist Jonathan Martinez.
“It’s doable to perform this purpose, even with restricted sources, by having automations and a whole technique in place.”
8 Latin American VCs share why they’re brimming with optimism in regards to 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 study extra in regards to 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, common associate, Ganas Ventures
Geraldo Melzer, founding associate, ABSeed Ventures
Julio Vasconcellos, managing associate, Atlantico
Rodrigo Vieira, associate, Caravela Capital
Nathan Lustig, managing associate, Magma Companions
Marta Cruz, co-founder and managing associate, NXTP Ventures
Hernán Haro, founder and common associate, MrPink VC
Ask Sophie: Can I get an O-1A visa to bypass the H-1B course of?
Picture Credit: Bryce Durbin/TechCrunch
Expensive Sophie,
I’m a global scholar from India who can be eligible for STEM OPT beginning in January.
My plan has been to discover a approach to make use of it for my tech startup, however ultimately, 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 means?
— Spirited STEM Scholar
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Can the fast grocery supply mannequin solely work in rising markets?
Picture Credit: Getty Photographs/Bet_Noire
Closures and consolidations hit the fast grocery supply sector within the U.S. final 12 months, however in Latin America, optimistic unit economics make these corporations extra viable, stories Rebecca Szkutak.
Decrease labor prices and direct relationships with meals producers are simply two elements giving these startups wider margins in rising markets, she discovered.
“In Western Europe, and the U.S., it’s all about common order worth,” stated Larry Aschebrook, a managing associate 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 creator, 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 a number of 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 nicely” because it used to.