Downturn strategy, recycling startup boom, better board meetings – Nob6

We final up to date our submission tips for Nob6+ visitor posts in June 2021, however the world has modified lots since then.

These are unsure occasions, however expertise is the most effective trainer, which is why we’re on the lookout for visitor articles that may assist others navigate this downturn.

As a result of the stakes are so excessive, we’re not on the lookout for articles that share “thought management” about normal challenges individuals within the tech business are going through proper now.

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We’re solely excited about posts providing actionable recommendation which can be written by authors who’ve expertise working underneath hostile financial circumstances.

If in case you have an concept, please evaluation our new submission tips and get in contact.

To be completely clear: We’re on the lookout for methods and techniques that readers can check out for themselves as they construct and scale firms in an inhospitable local weather — not inspiration.

Thanks very a lot for studying Nob6+ this week!

Walter Thompson
Senior Editor, Nob6+
@yourprotagonist

10 suggestions for operating an efficient board assembly

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Board conferences are an important alternative to solicit investor insights and suggestions, however until every session has a constant format that presents related knowledge, they gained’t create a lot worth, says Yousuf Khan, a associate at Ridge Ventures.

In a TC+ submit, he shares a number of suggestions for operating simpler board conferences, together with one suggestion that many founders overlook: Highlight your high contributors.

“Many workers who don’t have common alternatives to work together with the board think about it an enormous profession increase to get direct, face-to-face credit score for an vital accomplishment,” writes Khan.

“Usher in the one who is finest outfitted to speak by the success story and make area for them within the agenda.”

Black founders are seeing a lower in funding amid financial downturn

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As deal quantity continues to contract, underrepresented founders are being impacted disproportionately.

In Q2 2022, Crunchbase experiences that enterprise capital funds directed $324 million to Black startups, in comparison with $1.2 billion in Q1, “and considerably under the $866 million the founder cohort raised in Q2 final 12 months,” experiences Dominic-Madori Davis.

“It’s not shocking when enterprise tightens its belt that we’re the primary to be pinched,” stated Marceau Michel, founding father of Black Founders Matter and the 25 by 25 Pledge.

Founders of recycling startups say the pandemic modified the funding sport

Picture Credit: Nob6

Has the pandemic’s supply-chain disruptions modified the state of play for clear tech firms?

Final week at TC Classes: Local weather 2022 in Berkeley, three founders of recycling-related startups spoke with Tim De Chant concerning the elements driving new investor curiosity after a number of lean years.

• Megan O’Connor, co-founder and CEO, Nth Cycle
• Matanya Horowitz, founder and CEO, AMP Robotics
• Miranda Wang, co-founder and CEO, Novoloop

UK scaleups ought to HMRC-proof their enterprise plans earlier than a sluggish, sizzling summer time

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Within the U.Ok., HM Income & Customs operates a number of enterprise capital applications that help funding in early-stage startups.

Some firms can qualify for as a lot as £150,000 underneath the Enterprise Funding and Seed Enterprise Funding Schemes (SEIS and EIS), however submitting an utility is “no easy enterprise,” writes Anthony Rose, co-founder and CEO of SeedLegals.

To assist entrepreneurs put together for the rigorous utility course of, he shares a number of suggestions that can assist “HMRC-proof your marketing strategy” by displaying the tax authority that you’ve “a method for fulfillment.”