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Juliet McAlee
June 24, 2024

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Hello!

ICYMI, we’ve started accepting applications for the TechDay Climate Tech Founders Day!

Hosted at Rise New York, created by Barclays on September 27, the TechDay Climate Tech Founders Day will feature educational programming and networking opportunities for founders in the climate tech vertical.

This event is by application only and is limited to 125. Founders and investors in this sector are encouraged to apply early to be considered for participation.

The TechDay Climate Tech Founders Day provides founders with a dedicated platform to network with peers and investors while learning about the climate tech market’s challenges and insights from esteemed founders, leading investors, and subject matter experts.

TLDR; you won’t want to miss it. Apply today.

Onto the reading part of our segment!

🌟 What’s New This Week 🌟 

🚗 Fisker filed for bankruptcy, showing the dire state of the EV landscape

🧑‍💻 38% of Europe’s top 40 gen AI startups worked at U.S. Big Tech companies

📉 It isn’t just in funding: the VC industry is anticipated to enter a contraction

🤖 AI funding for horizontal platforms reached $54.1B, mostly from mega deals

🌐 The once-buzzy Metaverse has buzzed out among VCs.

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📚 Dive A Little Bit Deeper 📚

👢THE PLUSES OF BOOTSTRAPPING — Raising capital doesn’t always take the form of massive pre-seed rounds that lead to millions of customers and glorious revenue. Sometimes you have to bootstrap. But don’t look at it as just a stepping stone toward VC funding, bootstrapping has benefits to boot.

🛍️ CONSUMER STARTUP WOES AND WINS — DTC and other consumer startups have had a rough go of it lately. Valuations are down and funding sources seem to be disappearing. As a result, consumer startups have had to go back to basics when VC is not an option.

💼 STARTUP SEARCHING FOR: ATTORNEY — Hiring an attorney is an oft-overlooked but uber-important role in a startup’s journey. Guidance on M&As and copyright law are just some things they can help with. So, when it comes time for interviews, ask these questions.

🏗️ MORE FACTORS THAN ONE — The U.S. is in an affordable housing crisis at the same time there is a startup boom. So…why are there few affordable housing startups? Regulatory obstacles, consumer demand, and long construction timelines are just some ways innovation in this sector is hindered.

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⚡️ Question for the Community ⚡️

Startups, which have you been a part of?

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