Good morning!<\/p>\n
Before being known as the bank that collapsed, Silicon Valley Blank made a name for itself as a bank that helps support underrepresented founders. Eight months later, the bank is now trying to repair its reputation among the Black community, and as part of rebuilding of trust, it sponsored events and parties last week at AfroTech.<\/p>\n
Full TechCrunch+ articles are only available to members. Though many people left the bank for larger institutions, Dominic-Madori Davis spoke with some founders who are still rooting for SVB. \u201cI feel like everyone has moved on,\u201d one founder at the party told her.<\/p>\n Thanks for reading!<\/p>\n Karyne<\/a><\/p>\n Image Credits:<\/strong> FeelPic \/ Getty Images<\/p>\n<\/div>\n \u201cRaising capital before the year ends doesn\u2019t have to be a far-fetched dream,\u201d writes Finematter CEO Caroline Chalmer. Angel investors don\u2019t only offer capital; they can also provide founders with tons of tools, such as networks, experience and moral support. But before getting started, it\u2019s helpful to have a few things sorted out in order to find the right angel investor for your company.<\/p>\n Image Credits:<\/strong> CancerVAX \/ StartEngine (opens in a new window)<\/span><\/a><\/p>\n<\/div>\n Resident pitch deck expert Haje Jan Kamps experimented in his latest edition of Pitch Deck Teardown. Rather than analyzing a company\u2019s pitch deck, he analyzed the CancerVAX campaign on the equity crowdfunding platform StartEngine. Using this method can be a compelling way to tell a company\u2019s story, but beware of the red flags \u2014 among them being, Why crowdfund instead of going the traditional route?<\/p>\n Image Credits:<\/strong> RichLegg \/ Getty Images<\/p>\n<\/div>\n Everyone\u2019s eyes are on AI and the promises it brings<\/a>, but don\u2019t count out defense tech. Just last week, Shield AI raised $200 million in a Series F round. The company\u2019s co-founder and president, Brandon Tseng, points to its incredible revenue growth (90% year over year) as being the reason it was able to raise a mega-round in this environment. \u201cAs tensions across the globe continue to expose the shortcomings of the defense industry, the sector is likely to see even more entrepreneurs coming up with new solutions to those problems,\u201d writes senior reporter Rebecca Szkutak.<\/p>\n Image Credits:<\/strong> Daniel Harvey Gonzalez (opens in a new window)<\/span><\/a> \/ Getty Images<\/p>\n<\/div>\n
Use discount code TCPLUSROUNDUP<\/strong><\/a> to save 20% off a one- or two-year subscription.<\/i><\/p>\nHow to raise a substantial round with angel investors<\/h2>\n
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<\/p>\nPitch Teardown: The CancerVAX crowdfunding campaign on StartEngine<\/h2>\n
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To receive the TechCrunch+ Roundup as an email each Tuesday and Friday, scroll down to find the \u201csign up for newsletters\u201d section on this page, select \u201cTechCrunch+ Roundup,\u201d enter your email, and click \u201csubscribe.\u201d<\/p>\nClick here to subscribe<\/a><\/strong><\/h3>\n
AI\u2019s not the only sector dodging the funding slowdown<\/h2>\n
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<\/p>\nKlarna\u2019s financial glow-up is Alex\u2019s favorite story in tech right now<\/h2>\n
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