When Slack CEO Denise Dresser was handed the reins last November, she was the third CEO in less than a year at the enterprise communications company.
The SaaS Stage lineup, including our discussion with Denise Dresser, is taking place on Oct 29th – learn more about the event here.
About TechCrunch Disrupt 2024TechCrunch Disrupt is where you’ll find innovation for every stage of your startup journey.
Over 10,000 startup leaders will be attending this year’s event on October 28-30 in San Francisco.
We can’t wait to hear from Denise Dresser and more SaaS leaders at this year’s show.
TechCrunch Early Stage 2024 isn’t just another tech startup event — it’s the destination for early-stage startups to get hands-on, actionable insights to scale their business directly from expert leaders.
Here are five amazing reasons why you need to mark your calendar for April 25 and secure your spot at this groundbreaking event in Boston.
At TechCrunch Early Stage 2024, gain direct access to over 30 seasoned startup leaders and venture capitalists during speaker Q&A portions of sessions.
TechCrunch Early Stage 2024 offers a unique blend of learning, networking, and exploring for startup enthusiasts.
Whether you’re seeking expert advice, meaningful connections, or innovative solutions, this event has something for everyone.
Peak XV, the venture firm formerly known as India and Southeast Asia arm of Sequoia, didn’t disclose the size of the new fund.
The new fund, called Peak XV Anchor Fund, will be funded by an internal balance sheet, the source said, requesting anonymity as the matter is private.
The fund will enable Peak XV to “create a global network for learning and collaboration,” the venture firm said, according to the LP source.
The fund will enable Peak XV Partners to have broader skin in the game with its own fund and also explore investment in newer areas, the source said.
With Peak XV Anchor Fund, the venture firm plans to partner with other “managers across regions, strategies and sectors.”Peak XV didn’t immediately respond to a request for comment.
It’s becoming increasingly clear that businesses of all sizes and across all sectors can benefit from generative AI.
McKinsey estimates generative AI will add $2.6 trillion to $4.4 trillion annually across numerous industries.
That’s just one reason why over 80% of enterprises will be working with generative AI models, APIs, or applications by 2026.
However, simply adopting generative AI doesn’t guarantee success.
However, only 17% of businesses are addressing generative AI risks, which leaves them vulnerable.
Businesses are working hard to conform to traditional heuristics like Rule of 40 (i.e., the idea that the sum of revenue growth and profit margin should equal 40%+, a metric that Bessemer helped popularize).
The world has over-rotated into an FCF margin mindset over a growth mindset, which is backward for growing efficient businesses.
Long-term models show that even in tight markets, growth should be valued at least ~2x to 3x more than FCF margin.
While a margin increase has a linear impact on value, a growth rate increase can have a compounding impact on value.
We show the detailed math below, and it’s confirmed by public market valuation correlations when you backtest the relative importance of growth versus FCF margin.
Cruise spokesperson Erik Moser confirmed the departures and shared a statement, but declined to comment on whether these employees were fired.
“Today, following an initial analysis of the October 2 incident and Cruise’s response to it, nine individuals departed Cruise.
A video, which TechCrunch viewed a day after the incident, showed the robotaxi braking aggressively and coming to a stop over the woman.
Morale at Cruise has been low since the October 2 incident, with employees pointing the finger at poor management that didn’t prioritize safety at the company.
Initial layoffs affected contract workers who had jobs cleaning, charging and maintaining the vehicles as well as answering customer support inquiries.
Cruise spokesperson Erik Moser confirmed the departures and shared a statement, but declined to comment on whether these employees were fired.
“Today, following an initial analysis of the October 2 incident and Cruise’s response to it, nine individuals departed Cruise.
A video, which TechCrunch viewed a day after the incident, showed the robotaxi braking aggressively and coming to a stop over the woman.
Morale at Cruise has been low since the October 2 incident, with employees pointing the finger at poor management that didn’t prioritize safety at the company.
Initial layoffs affected contract workers who had jobs cleaning, charging and maintaining the vehicles as well as answering customer support inquiries.
Cruise spokesperson Erik Moser confirmed the departures and shared a statement, but declined to comment on whether these employees were fired.
“Today, following an initial analysis of the October 2 incident and Cruise’s response to it, nine individuals departed Cruise.
A video, which TechCrunch viewed a day after the incident, showed the robotaxi braking aggressively and coming to a stop over the woman.
Morale at Cruise has been low since the October 2 incident, with employees pointing the finger at poor management that didn’t prioritize safety at the company.
Initial layoffs affected contract workers who had jobs cleaning, charging and maintaining the vehicles as well as answering customer support inquiries.
