5 Overhaul Planned Chips, Viable Initial Product, MLOps Acceleration – TechCrunch
This is a great time to start a startup, but unless you’re planning to start one, you’ll still need to go through the arduous exercise of crafting a blueprint presentation.
With so much focus on outcome, this can be a very stressful process – a compelling set requires you to come up with data-based answers to existential questions:
Can you lay out your plan to triple revenue on an annual basis? What is the ideal product use case?
Full TechCrunch+ articles are only available to members.
Use the discount code TCPLUSROUNDUP To save 20% off the subscription for one or two years.
It’s tempting to make overly sunny projections or copy what works for others, but your presentation isn’t meant to impress—it’s meant to show how much you understand the business you’re building and the space you’re working in.
According to Jose Chiasso, CEO and co-founder of platform design agency Slidebean, there Five slides where all founders pretty much miss the mark:
- GO to the market
- Use Status/Audience
- Possible results
Using examples from Airbnb, Uber, and others, he shares several strategies for avoiding the most common pitfalls, along with the platform framework that Slidebean uses with most of its customers.
“Remember that a planned presentation needs to do two things: tell your company’s story and convince the investor that they can make money with it,” says Kayasu.
Thanks for reading; I wish you an excellent weekend.
Senior Editor, TechCrunch +
Dear Sophie: Any advice on visas for new employees?
I run early stage startup operations and have been given recruitment and other HR responsibilities. I feel lost in hiring and trying to solve visa issues for potential employees.
Do you have any advice?
Double in Daly City
IVP Case Proof: Viable Initial Product
As a concept, Minimum Viable Product (MVP) gave founders maximum flexibility.
The goal is to keep shipping until you hit the right product market, but there’s a catch: “The bottom line is a sliding scale that always slips through you,” according to Aaron Solomon, head of strategy at Esquire Digital.
Rather than putting the MVP on a pedestal, he suggests adding an Initial Viable Product (IVP) to the roadmap.
“If your IVP is when you offer a can of unbaked pepperoni pizza, your MVP is when you offer a can of sauce, a box of cheese, a Slim Jim, and an oven diagram.”
Here’s where MLOps are accelerating enterprise AI adoption
The concept of MLOps has gained traction as some of the specific best practices for working with machine learning (ML) models, but is maturing into a stand-alone approach to machine learning lifecycle management.
This development has played a major role in helping companies adopt and hire ML and AI, according to Ashish Kakran, director of Thomvest Ventures.
In this TechCrunch+ post, Kakran outlines several challenges businesses can tackle with MLOps:
- Collaboration across the team to publish ML
- Integration with machine learning tools
- Model lifecycle management
- Bringing ML Models to Production
- Regulation and Compliance
- Accelerate the adoption of artificial intelligence
Investors are betting that Sweetgreen will make sweet amounts of green
Despite the fact that Americans are notorious for failing to eat their vegetables, the Sweetgreen salad chain is seeing great success in the public markets.
The company priced the IPO above the planned range at $28 per share and traded at nearly double that price shortly after it was first offered.
This price and the resulting ~9x multiplier reflects the fact that the market now considers tech-enabled businesses like Sweetgreen, Allbirds, and Rent the Runway about the same value as software companies in 2015, Alex Wilhelm wrote.
“How can you call it anything but winning?”
4 Strategies to Determine Market Take Rates
E-commerce platform founders may be tempted to set transaction fees a little higher than they initially planned, but greed isn’t always good.
Boosting take-up rates by a point or two can increase early revenue when it’s needed most, but there is an opportunity cost, since “a higher acquisition rate typically results in lower transaction volumes,” according to angel investor and product manager Tani Jaiporia.
It is advised that the pick-up rates directly reflect the stage of your business, since platforms with higher rates see lower transaction volumes.
To see how different companies use this leverage, Jaipuria studied the acquisition rates of more than 25 markets, including Apple, Shutterstock and OpenSea.
“It is important for founders to remember that maximizing the platform take rate is not the goal,” he says.
Are competitors snacking in Instacart’s primary grocery delivery market?
San Francisco is a remote area, but a walk through its residential neighborhoods shows how successful Instacart has been during the pandemic.
Almost every restaurant has a handwritten “Instacart Pickup Here” sign, and its drivers now deliver everything from Safeway groceries to Walgreens recipes. On more than one occasion, I have seen neighbors accepting delivery of boba tea.
But after The Information reported that the delivery platform’s growth had plateaued in 2021, Alex Wilhelm collected data from competitors Amazon, Walmart, DoorDash and Uber to see if they were “snacking on Instacart’s core business.”
Is that weed you smoke green enough?
The legal cannabis industry in North America is about a decade old, but many stakeholders are developing a framework to “make sure the one-off industry gets started on the right track,” Jesse Klein reports.
Twenty companies have formed an alliance to promote sustainable practices that aim to reduce energy and water use, along with emissions. In order to “green” it, they study new technologies such as LED lights, as well as traditional agricultural practices.
“They make very good margins and they have a bit of a PR problem,” said Stephen Doig, senior research and strategy advisor at the Arthur L. Irving Institute for Energy and Society in Dartmouth.
“Do it right, now [will] Make a big difference. “
Unicorns Braze and UserTesting start public life in different ways
In the software space, even the smallest difference in metrics can affect a company’s fortunes once it’s released to the public.
Both Braze and UserTesting provide ways to centralize and optimize customer data, and their growth metrics are matched perfectly even. However, when it went public earlier this week, Braze was above its price range and UserTesting at a lower price.
“It seems that these metrics — the TAM program is so big these days that we wouldn’t compare vanity metrics for being kind to S-1 malice — are enough to give it a multiple differential in revenue as we see it, and so explains the difference in the two companies’ IPO prices,” he writes. Alex Wilhelm.