Hi, Agen. You might remember that not too long ago, coding academies and platforms that help companies with tech recruiting were all the rage. But as demand for tech talent softens, a tech academy and a tech recruiting platform both joined The Crunchbase Tech Layoffs Tracker last week. Plus, we look at the decline in early-stage startup funding in China, last week’s 10 largest U.S. startup funding deals, and how to improve gross profit margin. At first glance, China’s startup funding scene doesn’t seem to be doing that poorly, especially given growing geopolitical tensions between the nation and the U.S. and an overall decline in venture capital spending worldwide. But a deeper dive into the numbers reveals a decline in early-stage funding that could set off alarms about the full health of the VC market in China. The two largest U.S. startup funding deals last week both went to companies in the energy space and totaled $1.7 billion. It seems that even in a ho-hum startup funding environment, VCs are still fired up for companies that promise a cleaner energy future. A coding academy, two gaming companies, a biotech, a digital sports startup and a tech recruiting platform were among the new additions to our Tech Layoffs Tracker last week. As a founder or CEO of a SaaS company, one of the metrics your investors and buyers will probably scrutinize most closely is your gross profit. Guest author Gaurav Bhasin explains what gross profit is, why it matters and — most importantly — how you can improve it. The troubled state of the seafood industry may help explain why there’s been capital flowing to startups aiming to improve on the status quo. Seafood-related startups funded in the past couple years have collectively raised nearly $3 billion to date, per Crunchbase data. Related Crunchbase Pro list: Seafood-Related Startups Funded In The Past 2 Years Over the next six to 24 months, we’ll see many of the best venture deals get made, writes Marc Schröder of early-stage investment firm MGV, and that means deploying capital right before the market has directional consensus. |
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