Due Diligence Roadmap, Employment Law Basics, YC’s Michael Seibel • TechCrunch

Last week, we published an article by Gaetano Cruppi, a partner at VC firm Prime Movers Lab, identifying the three pillars needed to support a Series B data segment: a strategy note, a pitch deck, and a forecast model.

In a follow-up, he explains the next step: packaging this information for prospective investors to “create the blueprint and backbone for a deep Series B due diligence process.

If you’re preparing for Series B, these articles explain what investors are looking for and how each piece of content works independently and in parallel.

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Crupi also critiques some of the less obvious aspects of Series B fundraising, such as the importance of topic-based separation thresholds, general advocacy questions, and how to pull it all together.

If your startup still doesn’t demonstrate product-market fit, feel free to skip this article and get back to work. According to Crupi:

The advice presented here really only helps companies with good fundamentals. You have to have the stuff – everything else is window dressing that favors luck.

Thank you very much for reading

Walter Thompson
Editorial Manager, TechCrunch+
@your main actor

The worst advice for newbies in tough times might be ‘just quit’.

Image Credits: Andriy Onufriyenko (Opens in a new window) / Getty Images

A friend of mine shared a photo on Twitter of a cat in NYC walking on an electrified subway.

It was dangerous, but as long as the animal was not in contact with the ground and the rail at the same time, it could be the safest way to the destination.

Igor Ryabenky, CEO and managing partner of AltaIR Capital, said that companies that can maintain this difficult balance, refusing to reduce costs at the lower level is tantamount to walking on the third rail.

“Founders love the idea of ​​quitting as soon as possible,” he wrote.

Although their company is not a unicorn, it can still earn them a stable salary and dividend. But for an investor, this is disastrous.

4 Employment Law Mistakes That Can Stop Startups Today

A burnt piece of toast with a sad face;  Mistakes in employment law

Image Credits: Martin Dibell (Opens in a new window) / Getty Images

There’s no better way to say this: When it comes to hiring new employees, most startups are either apathetic or disinterested.

At that time, speed and development were considered more important than basic papers in the company’s development. And most first-time founders have no management experience, so eventually problems arise.

In her third article for TC+, attorney Kristen Corpion explores the risks associated with noncompliance and outlines four common mistakes that can cause problems down the road.

“Being proactive in addressing employment law issues early can help a startup launch itself more seamlessly,” she writes.

YC’s Michael Seibel clears up some misconceptions about the accelerator

YC Show Date 2022 Image

Image Credits: Bryce Durbin / TechCrunch

In a conversation adapted from the Equity podcast, YC Partner and Managing Director of YC Early Stage Michael Seibel talks about launching in the fall, why his accelerator is big, diversity, and other issues relevant to seed-stage startups.

In the middle of last year, I asked, “What’s the revenue here?” We began to ask that question. And we started to see companies growing their revenue from 100x to 350x.

So if I have $3 million in revenue, I have a billion dollar company. None of us were there for more than two seconds [knows] It doesn’t feel sustainable.

So our partners Dalton Caldwell, Jared [Friedman] And I was sitting there that fall and I was like, “Let’s just say this doesn’t go on,” because that seems certain. “What can we do to help YC companies through failure?”

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