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Why would you start a startup in an economic downturn?

There will likely be a recession in 2023, and the major downsides to starting a startup are obvious: There is less money in the system so selling and fundraising are harder; investors have less money to invest and companies have less money to spend on products. But these are also reasons it’s an especially good time to start a startup.

Read more at: https://www.ycombinator.com/blog/why-would-you-start-a-startup-in-an-economic-downturn

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Why would you start a startup in an economic downturn? | Y Combinator In an economic downturn, there are obvious downsides of starting a startup — but there are also powerful upsides; because to survive, you have to *actually* build something people want.

Startup incubator 2070 Health raises $30 million in funding!

2070 Health, a healthcare venture incubator, has raised $30 million from venture capital firm W Health Ventures to create a platform that will build healthcare companies in India. The funds will also be used to seed the newly-launched companies.

Read more at:
https://economictimes.indiatimes.com/tech/funding/startup-incubator-2070-health-raises-30-million-in-funding/articleshow/100803002.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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Startup incubator 2070 Health raises $30 million in funding 2070 Health, which has created three companies so far, helps founders test, launch, and iterate on ideas. It plans to launch 15 to 20 healthcare companies over the next five years.

These Are The Sectors Where Hot Seed-Stage Startups Are Clustering In 2023!

The clustering effect is evident in the crop of seed-funded startups from this year. A significant portion of investments were made in a small number of categories.

For more information click the link: https://news.crunchbase.com/venture/seed-stage-funding-trends-2023/

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These Are The Sectors Where Hot Seed-Stage Startups Are Clustering In 2023 Using Crunchbase data, we scoured through hundreds of the largest seed and pre-seed rounds in 2023 to identify trends.

Five Predictions For Fintech In 2023!

Investments made in fintech startups went in overdrive during the COVID-19 pandemic, due to the exponentially accelerated digital adoption- indeed, what should have taken years to change consumer habits only took months in this period. At the end of 2021, fintech companies raised more than US$130 billion, and more than 100 new unicorns were born. At the end of Q3 2022, fintech investment went down by 60% year-on-year, and this downtrend is set to continue into 2023. That said, there will still be winners coming out of this "correction."

For more information click the link: https://www.entrepreneur.com/en-ae/finance/five-predictions-for-fintech-in-2023/442120

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Five Predictions For Fintech In 2023 | Entrepreneur The expected market contraction will be an opportunity for many fintech companies to focus on their product and service offerings.

Corporates Are Getting Aggressive In AI Deals — Who Could Be Next?

Salesforce’s venture arm announced it will double the size of its Generative AI Fund to $500 million just three months after establishing it. That was followed by AI startup Synthesia raising a $90 million Series C at a $1 billion valuation that included an investment from NVentures — Nvidia’s venture capital arm.

For more information click the link: https://news.crunchbase.com/ai-robotics/tech-giants-venture-funding-startups/

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Corporates Are Getting Aggressive In AI Deals — Who Could Be Next? Big Tech's love affair with AI isn't totally new. We look at some tech giants and their VC arms not covered last month and what they’ve done.

These Are The Sectors Where Hot Seed-Stage Startups Are Clustering In 2023!

The clustering effect is clear in this year’s vintage of seed-funded startups. A handful of categories accounted for an outsized number of investments.

For more information click the link: https://news.crunchbase.com/venture/seed-stage-funding-trends-2023/

Tax Reg: 650-899-989

These Are The Sectors Where Hot Seed-Stage Startups Are Clustering In 2023 Using Crunchbase data, we scoured through hundreds of the largest seed and pre-seed rounds in 2023 to identify trends.

Today's quote is "Success is not a destination, it's a journey" by Zig Ziglar.

Tax Reg: 650-899-989

Will Recent US Crackdown On Crypto Affect Venture?

“Most crypto firms and venture funds welcome thoughtful regulation in this space,” said Yash Patel, general partner at Telstra Ventures, who invests in crypto startups. “However, the SEC’s focus on enforcement by regulation versus more transparent, clear legislative action will compel most crypto firms — not just startups — to leave the U.S. and would not be ideal for America’s competitive position as key talent leaves elsewhere.”

For more information click the link: https://news.crunchbase.com/fintech-ecommerce/sec-binance-coinbase-analysis-crypto/

Tax Reg: 650-899-989

Will Recent US Crackdown On Crypto Affect Venture? It’s been quite a turbulent couple of days for crypto.

6 Critical Steps for Buying a Business!

Purchasing an existing business can be the ideal strategy to avoid becoming an owner who shuts down their business in the first year. It's a complex process — the most complicated purchase you may ever undertake. The list of stakeholders and concerns you must address is long — customers, employees, equipment and inventory, to name just a few.

If you've decided to buy a company that is already in existence, this link includes a checklist for managing the process: https://www.entrepreneur.com/money-finance/want-to-purchase-a-business-use-this-checklist-as-a-guide/452817

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Want to Purchase a Business? Use This Checklist as a Guide. | Entrepreneur Here's a checklist for managing the process of buying a business.

Global VC Funding Falls Dramatically Across All Stages In Rocky Q1, Despite Massive OpenAI And Stripe Deals!

Every funding stage last quarter was down 44%-54% year over year, a clear signal that the slowdown is not confined to late-stage funding. Investors across each stage scaled back as they took time to assess new investment opportunities while guiding existing portfolio companies.

For more information click the link: https://news.crunchbase.com/venture/global-vc-funding-falls-q1-2023/

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Global VC Funding Falls Dramatically Across All Stages In Rocky Q1, Despite Massive OpenAI And Stripe Deals Venture and growth investors in private companies continued to scale back their investment pace in the first quarter of 2023, Crunchbase data shows.

Today's quote is "A winner is a dreamer who never gives up" by Nelson Mandela.

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The Week’s 10 Biggest Funding Rounds: Madhive Tops In Very Slow Week!

This week in venture can be described in two simple words — slow and quiet. Only one company saw a nine-figure round — and that oddly was an advertising startup. Aside from that, rounds were on the smaller side, with it taking only $25 million to make this list. The “June Gloom” seemed to hit VC this week.

For more information click the link: https://news.crunchbase.com/venture/biggest-funding-rounds-madhive/

Tax Reg: 650-899-989

The Week’s 10 Biggest Funding Rounds: Madhive Tops In Very Slow Week Funding rounds were on the smaller side this week, with it taking only $25 million to make this list. The “June Gloom” seemed to hit VC.

Summer Is Here, And Startups Want You To Go Camping!

Apparently, there’s big money in getting you out of the house.
Or at least venture investors seem to think so, judging by the sizable sums startups targeting outdoor recreation-related markets have raised in the past few years.

For more information click the link: https://news.crunchbase.com/travel-tourism/camping-startups-summer/

Tax Reg: 650-899-989

Summer Is Here, And Startups Want You To Go Camping Apparently, there’s big money in getting you out of the house.

Shein Raised $2 Billion And May Go Public. What’s Holding It Back?

If Shein does go through with its IPO, it has the potential to disrupt the $1.53 trillion apparel industry, but changing headwinds could ruin its course.

For more information click the link: https://news.crunchbase.com/fintech-ecommerce/venture-funding-startup-shein/

Tax Reg: 650-899-989

Shein Raised $2 Billion And May Go Public. What’s Holding It Back? The e-commerce unicorn quickly won the hearts of American consumers during the pandemic, but Shein now faces numerous obstacles.

How Founders Can Manage Investor Relations During A Recession!

A recession is a period of economic decline, typically characterized by falling GDP, rising unemployment, and a decline in consumer spending. Recessions can be difficult for startups, as they can lead to a decrease in funding and an increase in competition.

Despite the challenges, there are a number of things that founders can do to manage investor relations during a recession. Here are a few tips:

1- Be transparent about your company's financial situation.
2- Focus on building relationships with investors.
3- Be patient.

For more information click the link: https://news.crunchbase.com/startups/founders-investor-relations-recession-ripple-cohen/

Tax Reg: 650-899-989

How Founders Can Manage Investor Relations During A Recession Managing communication with investors is crucial for the success of a startup. Ripple Ventures' Matt Cohen shares a few key ways that startups can manage investor relations to foster growth during a downturn.

Today's quote is "Life begins at the end of your comfort zone" by Neale Donald.

Tax Reg: 650-899-989

Clean Air Startups Are Scaling Up in 2023!

It’s tough to say how the environment for air quality-focused startups will shape up over coming quarters. While startup investment is down sharply in 2023, climate has been one of the more resilient areas.

For more information click the link: https://news.crunchbase.com/clean-tech-and-energy/clean-air-startups-climeworks/

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Clean Air Startups Are Scaling Up From filters you wear in your nose to industrial carbon capture systems, startups focused on cleaner air have pulled in some big rounds over the past several years. We take a look at where the money is going.

5 trends that shape MENA startup ecosystem in 2023

The mentorship of startups in the UAE is unparalleled. Support functions here steer business leaders towards the right trends, the right contacts, and the right programmes. It is important for founders to be equipped with the right preparation and mindset to anticipate any changes. However, there is every reason to believe that 2023 will be another year of growth and success.

For more information click the link: https://www.arabianbusiness.com/opinion/5-trends-that-will-shape-mena-startup-ecosystem-in-2023

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5 trends that will shape MENA startup ecosystem in 2023 - Arabian Business While 2022 was a great year for the region’s startup sector, entrepreneurs need to be aware of the key challenges facing small businesses in 2023 5 trends that will shape MENA startup ecosystem in 2023 agritech, entrepreneurial ecosystem, Entrepreneurs, fintech, MENA startups, startup business, st...

"Currency Devaluation and its Impacts on Startups in Egypt"

Currency devaluation is a situation in which the value of a country's currency decreases in relation to another currency. This can happen for a number of reasons, such as economic instability, inflation, or a decline in exports.

The impact of currency devaluation on startups in Egypt is mixed. There are both good and bad impacts, and the overall impact will depend on a number of factors, such as the severity of the devaluation and the specific circumstances of the startup.

Good Impacts:

• Increased exports: When the value of the Egyptian pound decreases, Egyptian exports become more competitive in international markets. This can lead to increased sales and revenue for startups that export their products or services.
• Attracting foreign investment: When the value of the Egyptian pound decreases, it becomes cheaper for foreign investors to invest in Egypt. This can lead to increased investment in Egyptian startups, which can help them to grow and scale.
• Increased tourism: When the value of the Egyptian pound decreases, it becomes cheaper for tourists to visit Egypt. This can lead to increased tourism, which can benefit startups that operate in the tourism industry.

Bad Impacts:

• Increased costs: When the value of the Egyptian pound decreases, it becomes more expensive for startups to import goods and services. This can lead to increased costs for startups, which can hurt their profitability.
• Reduced purchasing power: When the value of the Egyptian pound decreases, the purchasing power of Egyptian consumers decreases. This can lead to decreased sales for startups that sell to consumers in Egypt.
• Increased competition: When the value of the Egyptian pound decreases, it becomes cheaper for foreign startups to enter the Egyptian market. This can lead to increased competition for Egyptian startups, which can make it more difficult for them to succeed.

Tax Reg: 650-899-989

Can Mena adopt AI at the same speed and scale it is recommended to?

Particularly since the beginning of the Covid-19 pandemic, which exacerbated the adoption of many tech-enabled services, Egypt has seen a rise in the number of laws and regulations pertaining to the tech sector. While that indicates a serious commitment to regulating this fast-paced transformation, following up with effective implementation has been a challenge. As legal expert Mahmoud Shafik notes in an article cataloguing all recent tech regulations in the country, “The complexities surrounding the drafting, lobbying, and ratification of laws and their executive regulations often result in a lag between the creation and implementation of these regulations”.

For more information click the link: https://www.wamda.com/2023/02/mena-adopt-ai-speed-scale-recommended

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Can Mena adopt AI at the same speed and scale it is recommended to? Aliah Yacoub is an AI philosopher and Farah Ghazal is an AI social scientist at Egypt-based techQualia Emerging technologies...

Today's term-in-a-minute is "Accretion" and it refers to 👇

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Mena startups raised $445 million in May 2023!

May was a bounce-back month for VC activity in the Middle East and North Africa (Mena), as venture funding into the region’s startups touched $445 million spread across 39 transactions, compared to $7 million raised across 11 deals reported in the preceding month.

For more information click the link: https://www.wamda.com/2023/06/mena-startups-raised-445-million-2023

Tax Reg: 650-899-989

Mena startups raised $445 million in May 2023 May was a bounce-back month for VC activity in the Middle East and North Africa (Mena), as venture funding into the region’s startups...

Today's term-in-a-minute is "Accelerator" and it refers to 👇

Tax Reg: 650-899-989

The startup braving the odds in Upper Egypt!

Investors will become more selective if the economy continues to deteriorate and will want to support founders who can generate a profit; for many, this will exclude firms from Upper Egypt. As long as the creators of this region have difficulty accessing high-quality education, resources, and information, the trend will continue.

For more information follow the link: https://www.wamda.com/2023/05/startup-braving-odds-upper-egypt

Tax Reg: 650-899-989

The startup braving the odds in Upper Egypt Opportunities for young graduates are limited in Upper Egypt, that is in the southern governorates of the country, which account for some...

Today's quote is "Don't wait. The time will never be just right" by Napoleon Hill.

Tax Reg: 650-899-989

Today's term-in-a-minute is "Assets Under Management" and it refers to 👇

Tax Reg: 650-899-989

The 10 Biggest Rounds Of May: AI And Biotech Startups Get Big Bucks, Led By Anthropic And ElevateBio!

To make this list in May, you have to do exceptionally well. Given that each of the ten largest rounds last month totaled well over $100 million, it appears that investors were a little more generous with their cash.

Unsurprisingly, AI once more took the lead, although biotech also continued to do well in the final full month of spring. Large raises were also seen in other industries, such as cleantech, network software, and even cryptocurrency.

For more information click the link: https://news.crunchbase.com/venture/biggest-rounds-ai-biotech-anthropic-elevatebio-may-2023/

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The 10 Biggest Rounds Of May: AI And Biotech Startups Get Big Bucks, Led By Anthropic And ElevateBio AI again led the way, but biotech had a huge month on our list of the largest funding deals to U.S.-based startups in May.

The Biggest Startup IPOs Are Down 2.5x More Post-Peak Than The Nasdaq!

Each $100 you invested at the market peak in November 2021 would be worth about $32 if you waited till now. That indicates public investors' deeper dissatisfaction with younger market entrants who are primarily unprofitable because it is substantially sharper than the decrease in the tech-heavy Nasdaq Composite Index.

For more information click the link: https://news.crunchbase.com/public/ipos-startup-nasdaq-declines/

Tax Reg: 650-899-989

The Biggest Startup IPOs Are Down 2.5x More Post-Peak Than The Nasdaq To illustrate how far hot startup IPOs have declined since the November 2021 peak, we put together a chart comparing share prices then and now.

Today's quote is "Leaders create results by letting others shine" by Skip Prichard.

Tax Reg: 650-899-989

Today's term-in-a-minute is "Angel Investor" and it refers to 👇

Tax Reg: 650-899-989

Dan Nash, senior managing director and head of investment banking at Cohen & Company Capital Markets, noted that while debt is more costly, values are decreasing.

Money becomes more expensive when interest rates rise, but individuals who work in the sector claim that since that prices have dropped, both private equity and strategics have ample capital to close agreements.

Dealmakers believe that this year could see a large increase in volume as companies' options for funding and exits become more limited. While 2022 was pretty typical in terms of M&A activity involving VC-backed startups in the U.S.

For more information click the link: https://news.crunchbase.com/ma/startup-forecast-2023-fundraising-venture-valuations/

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Forecast: Startup M&A Could Pick Up In 2023 As Fundraising Tightens Further Dealmakers think next year could see a significant jump in M&A volume as companies’ options for money and exits dwindle.

Which Fintech Sectors Will VCs Favor In 2023?

Despite a general decline in venture funding and the ripple effects of the crypto business, the financial services sector continued to be the top industry for venture investment in 2022. Additionally, 2023 forecasts predict that the fintech industry will continue to grow, with payment and accounting management likely to take the lead.

For more information click the link: https://news.crunchbase.com/fintech-ecommerce/forecast-2023-crypto-banking-payments-venture/

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Forecast: Which Fintech Sectors Will VCs Favor In 2023? Financial services remained the leading sector for venture investment in 2022 despite an overall pullback in VC funding and shockwaves in the crypto industry. And fintech is expected to remain strong in 2023.

Today's term in a minute is "Arm's Length Transaction" and it refers to 👇

Tax Reg: 650-899-989

Global startup and investor events are a great opportunity for founders to connect with potential investors, partners, and customers. However, it can be difficult to know how to make the most of these events.

Here are a few tips:
1- Do your research.
2- Have a clear goal.
3- Be prepared to pitch.
4- Network with everyone.
5- Follow up.

For more information click the link: https://www.entrepreneur.com/growing-a-business/how-founders-can-make-the-most-out-of-global-startup-and/425087

Tax Reg: 650-899-989

How Founders Can Make the Most Out of Global Startup and Investor Events | Entrepreneur Useful tips for startups eager to take the next step in their growth journey.

Are you a business owner or entrepreneur looking to stay ahead in the ever-changing digital landscape? Look no further than the recent collaboration between Axis and Visa.

By working together, they aim to further financial inclusion and bring digital transformation to the forefront. This type of partnership highlights the importance of constantly evolving and adapting to new technologies. Stay informed and motivated by following updates in the digital space. What are your thoughts on this collaboration? Share in the comments below and join the conversation.

For more info click the link: https://sawariventures.com/mediacoverage/portfolio-impact-axis-setting-out-to-revolutionize-financial-services-for-egypts-underbanked-smes-their-employees/

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Portfolio Impact – axis: Setting out to revolutionize financial services for Egypt’s un(der)banked SMEs & their employees – Sawari Ventures We couldn’t be more proud to announce that last Wednesday, our portfolio company, axis, a digital banking platform for small businesses, announced the launch of its services in partnership with Visa, providing a digital banking alternative for small businesses and their employees. The platform has...

Virtuzone Launches TaxGPT, An Artificial Intelligence-Powered UAE Corporate Tax Assistant!

Virtuzone, the UAE's leading company formation specialist and award-winning corporate services provider, has launched TaxGPT, an artificial intelligence (AI)-powered corporate tax assistant.

TaxGPT is a cloud-based platform that uses AI to help businesses in the UAE comply with corporate tax laws. The platform provides businesses with access to a wide range of tax-related information, including tax rates, deadlines, and forms. It also offers businesses the ability to calculate their taxes, file their returns, and pay their taxes online.

TaxGPT is designed to be easy to use and affordable. Businesses can access the platform for free and only pay when they use it. The platform is also available in multiple languages, including English, Arabic, and French.

The launch of TaxGPT is a significant development for businesses in the UAE. The platform provides businesses with a convenient and affordable way to comply with corporate tax laws. This will help businesses to save time and money, and to focus on their core business activities.

Virtuzone is a leading provider of corporate services in the UAE. The company has a team of experienced professionals who can help businesses with a wide range of corporate needs, including company formation, accounting, and tax compliance.

If you are a business in the UAE, you can learn more about TaxGPT and how it can help you to comply with corporate tax laws by visiting the Virtuzone website.

Here are some of the benefits of using TaxGPT:

1- Easy to use: TaxGPT is a cloud-based platform that is easy to use and navigate. Businesses can access the platform from any device with an internet connection.
2- Affordable: TaxGPT is free to use. Businesses only pay when they use the platform.
3- Multilingual: TaxGPT is available in multiple languages, including English, Arabic, and French.
4- Accurate: TaxGPT is powered by AI and uses the latest tax data to provide businesses with accurate information.
5- Secure: TaxGPT is a secure platform that uses the latest security measures to protect businesses' data.

If you are a business in the UAE, you should consider using TaxGPT to help you comply with corporate tax laws. TaxGPT is a convenient, affordable, and accurate way to stay compliant with the latest tax laws.

For more info click the link: https://www.entrepreneur.com/en-ae/finance/virtuzone-launches-ai-powered-uae-corporate-tax-assistant/452869

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Virtuzone Launches TaxGPT, An Artificial Intelligence-Powered UAE Corporate Tax Assistant | Entrepreneur TaxGPT will help UAE-based businesses get answers about corporate tax based on online publications released by the Ministry of Finance and the Federal Tax Authority.

Today's quote is "Be the change that you wish to see in the world" by Mahatma Gandhi.

Tax Reg: 650-899-989

The Biggest Startup IPOs Of The Past 10 Years Are All Below Their First-Day Price!

The IPO market was red-hot in the past decade, with a record number of companies going public. However, the market cooled off in recent years, with fewer companies going public and those that did often seeing their stock prices fall.

A recent analysis by Crunchbase found that the 20 largest public market debuts of venture-backed U.S. companies founded in the past 15 years are all trading below their initial offering prices. The average decline is 42%.

There are a number of factors that have contributed to the decline in the stock prices of these companies. These include:

1- Rising interest rates: Rising interest rates make it more expensive for companies to borrow money, which can hurt their growth prospects.

2- Inflation: Inflation is eating into corporate profits and making it more difficult for companies to raise prices.

3- Geopolitical uncertainty: The war in Ukraine and the ongoing trade war between the U.S. and China have created uncertainty in the global economy, which has hurt investor sentiment.

The decline in the stock prices of these companies is a reminder that the IPO market is cyclical and that there is no guarantee of success for companies that go public. Investors should carefully consider the risks before investing in any IPO.

Here are some additional tips for investors considering investing in an IPO:

1- Do your research: Before you invest in any IPO, it's important to do your research and understand the company. This includes understanding the company's business model, its financial performance, and its competitive landscape.

2- Consider the risks: IPOs are inherently risky investments. There is no guarantee that the company will be successful, and the stock price could decline significantly after the IPO.

3- Diversify your portfolio: Don't put all your eggs in one basket. When investing in IPOs, it's important to diversify your portfolio and invest in a variety of companies.

4- Be patient: It takes time for a new stock to gain traction. Don't expect to get rich quick from an IPO. Just be patient and let the stock price rise over time.

Click the link for more information: https://news.crunchbase.com/public/venture-backed-us-startups-ipos/

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The Biggest Startup IPOs Of The Past 10 Years Are All Below Their First-Day Price A Crunchbase analysis of the 20 largest public market debuts of venture-backed U.S. companies founded in the past 15 years reveals that only three are trading above their initial offering prices.