SBA startup loans, quarterly scorecards, bootstrappers’ delight – TechCrunch

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Happy August! Or, as many of my neighbors like to say: Happy Fog.

San Francisco sits on a peninsula surrounded by cold water, so when warm summer air rushes in, thick fog obscures the landscape. Some days the cover is so thick that visibility is only a few hundred feet.

It’s an apt metaphor for the uncertainty plaguing tech companies as we hear about layoffs, reduced valuations, and more talk of dry powder than I’ve heard in many years.

A shining light amid the gloom: Startups that generate enough revenue to drive steady growth will find plenty of investors willing to answer their calls.

A shining light amid the gloom: Startups that generate enough revenue to drive steady growth will find plenty of investors willing to answer their calls.

“If you’re a startup that’s not on the treadmill yet, you have that kind of option or ability to choose when to step up,” says Cavan Klinsky, co-founder of payments processor Healthie.


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“Once you’ve already built a bunch of businesses, you kind of build an enterprise-wide business, whereas if you’re primed…you can be really, really opportunistic about the right time,” said he told Natasha Mascarenhas.

Even so, she interviewed the founders of a handful of startup startups and found that “even if they don’t want to,” some “may choose to turn to venture capital to reach the next level of sales.” or continue to hire on the right track.

Inflation and competition with crypto salaries are just two factors driving up costs, leading many self-sufficient founders to reconsider going it alone.

“For a lot of start-ups, they don’t do fundraising,” said Saud Siddiqui, CEO and co-founder of Sketchy.

“A lot of times it’s investors who approach them, so it kind of depends on the climate, and if people don’t invest, maybe they’ll keep moving forward.”

Thank you so much for reading TC+ this week.

Walter Thompson
Editorial Manager, TechCrunch+
@yourprotagonist

5 tips for scaling your green startup during a funding drought

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I’m not much of a gardener, so I chose houseplants that tolerate my forgetfulness when it comes to water and fertilizer.

However, startups trying to create scalable solutions to the slow-moving climate disaster we’ve created for ourselves aren’t as resilient.

These companies often have long and significant fundraising cycles and multi-year product development lead times, which means they are particularly vulnerable to external market forces.

Priyanka Srinivas, co-founder and CEO of food tech startup Live Green Co., shared her advice for entrepreneurs focusing on climate and sustainability:

“If your business activities have produced desired results and repeatable cycles – such as developing a new product and distributing it to local markets – then you are ready to multiply.”

US startups seeking funding shouldn’t overlook government funding

SBA, startups, loan

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I know people who have worked with the US Small Business Administration (SBA) to find funding for a food truck, bakery, and clothing store, but I don’t know of any startup founders who have used this federal program. to grow their businesses.

Eligible startups can acquire government-backed loans of up to $5 million that are repaid over a decade, reports Rebecca Szkutak. It’s real money.

“The problem is that business owners often overlook the fairly readily available loan capital,” said Fountainhead CEO and Founder Chris Hurn.

“They don’t have to give up fairness. [SBA loans] can often be the springboard they need to take the next step.

Beyond Volatility: How Semiconductor Companies Can Thrive with a Targeted Sector Strategy

microchip manufacturing plant

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Despite chip shortages slowing production of everything from televisions to farm tractors, semiconductor sales soared to $600 billion in 2021.

To keep their heads above water in the coming years, semiconductor makers should support technologies that power other industries, such as AI/ML, digital services and micromobility, partners say by McKinsey Ondrej Burkacky and Nikolaus Lehmann.

“From a demand perspective, we expect 70% of growth through 2030 to be driven by just three sectors: automotive, compute and data storage, and wireless. […] Through a thorough analysis of their resources and capabilities, the task of decision makers as they increase their capabilities is to tailor their capabilities to the most promising segments.

Build a solid platform for your quarterly board meetings

Conceptual low risk and rising still life;  build a platform for board meetings

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Board meetings are crucial for getting feedback on your progress to date and your plans for the future, but what’s the best way to give board members the full picture?

According to Ridge Ventures partner Yousuf Khan, founders should “just ask” investors what kind of details and metrics will make quarterly decks of optimal value.

“Reaching out to your board not only helps guide you, but also gives you the opportunity to build your relationship,” he says. “People appreciate the opportunity to weigh in.”

In this TC+ article, he shares seven tips for creating a presentation that informs board members about progress, plans, product pipeline, and finances.

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