Of the 15 startups that raised Series E or F rounds this year, 10 raised less in their subsequent round, according to Crunchbase data. Startups raising these rounds pulled in $2.1 billion collectively this year, compared to six times the amount of companies at the same stage in the same period of 2021.
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Arizona startups received $273.9 million of venture capital investment in this year's first quarter, according to a report from PitchBook and the National Venture Capital Association. That's down from $636.7 million in the first quarter of 2023 but that figure was distorted by a half-billion-dollar investment in Lessen. If the Lessen deal is deducted from the 2023 total, this year's figure was up.
Generative AI presentation startup Tome is laying off 20% of employees to focus on customers that pay, says CEO Keith Peiris. However, the startup will be hiring enterprise sales employees to replace the product development and go-to-market employees it's letting go, Peiris says.
The Global Cement and Concrete Association's Innovandi Open Challenge has drawn applications from almost 100 startups worldwide working on carbon capture, use and storage technology. Successful startups get to work with the association's members and utilize their resources to further projects.
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Startups looking to recruit a quality team need to find individuals with various technical prowess and creativity, writes Uluky founder Alex Axelrod. "To foster a committed team, do not neglect their comfort and well-being," Axelrod writes, adding founder need "transparent evaluation criteria and a reward system that gives employees a clear understanding of their value and contributions."
Startups need to spend more time figuring out the funding source that works for their business model before raising funding, writes Pumpkin CEO Alex Douzet. "Securing funding is a slow and patient process that requires careful evaluation of your capital needs and thorough vetting of investors, often taking six months or longer from start to finish," Douzet writes.
Female founders don't lack confidence when starting a business and are just as confident in their skills as men, according to an Alberta School of Business study. However, men tend to be overconfident in their skills and end up in riskier ventures without seeking ways to boost their skills, the study shows.
