The article also provides a critique of Metafuels' $8M climate tech seed deck, highlighting areas for improvement. It also shares a survey from CoinFund's Founder Forecast, which reveals optimism among web3 companies for 2024. Lastly, the article includes a guide to ethical and responsible AI governance by Phani Dasari, the chief information security officer at Hinduja Global Solutions.
Key takeaways:
- 2024 might not be much better than 2023 for startups due to economic conditions, and they need to prove their worth to survive.
- Bessemer Venture suggests a new equation for late-stage businesses, The Rule of X, which places a more accurate weight on a company's growth and future recurring revenue.
- Metafuels raised $8 million in seed funding for its plan of reducing emissions from airplanes, but its pitch deck could be improved.
- Web3 companies are optimistic about 2024, with 70% of respondents in a survey planning to hire next year and none looking to downsize.