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- Frame | Townhall #2 - March 10th, 2023
Frame | Townhall #2 - March 10th, 2023
Welcome back to Townhall, the newsletter for founders & tech employees from the creators of Frame, the all-in-one collaboration OS.
Today, we cover the Silicon Valley Bank collapse, building an advisory suite, how to get your startup off the ground with limited capital, and some music to get you in the zone while coding 🤝
Hot In Founders World
Venture Capital 🏥: Silicon Valley Bank (SVB), once the go-to bank for venture capitalists and founders, is imploding before our very eyes. Morning Brew has an excellent tweet thread summary of the situation, but the TLDR is that investors got spooked by SVB selling bonds, causing a free-fall in SVB’s stock price and, eventually, a bank run. Now, SVB and its $149B in uninsured deposits are being sold for scraps. If they can’t find a way to make the VC and PE firms whole, it is likely that fundraising is about to get a whole lot harder.
Regulatory🧑‍⚖️: The Biden administration is nearing completion on an executive order that would restrict US private investment in certain parts of the Chinese economy, mainly those that could be seen as aiding the Chinese military. This move, the chip war, and the possible ban on TikTok all show that the US is not playing around regarding the Chinese tech battle. Thus, if you’re a Chinese tech founder, you might have to begin planning your fundraising efforts around the US crackdown.
Management 🏢: Hired’s annual software engineering study found that 40% of software engineers will only work remotely. Considering how beloved remote work is and how fiercely employees push back against returning to the office, this number is poised to rise in the coming years. Overall, it appears that if employers want their employees back in the office, they will have to risk losing them.
What’s New At Frame
Self-served signup: Get your invite code here and create your company by yourself to get started on Frame!
Introducing Cmd-K: Seamlessly interact with apps by pressing Cmd-K; search docs, or create one on the fly.
Refreshed design: New icon set and fluid design. Dark-mode is coming soon!
Thinking We Baked
Since the last Townhall, we’ve released two articles to help you build and scale your startup.
The first article is called “Build Your Own YC”, and dives into how you can leverage your network to assemble a world-class advisory team. You can check it out on both Substack and Medium.
The second is “Bootstrapping In The Age of Fractional Work”, and in it, we discuss how to get your startup off the ground with limited capital. The key? Using equity to attract top-talent to work part-time, a method we call “fractional bootstrapping”. Once again, you can read it on both Substack and Medium!
Thinking We Loved
đź’° In early-stage startups, smart cash management can be the difference between life and death. Here are 25+ tips on doing it right.
⚡️AI-native startups are all the rage these days. Tanay Jaipuria explains how to do it right.
🎒 Need money, but aren’t finding luck with VCs? Michael Houck has you covered with 11 ways to raise money for your startup.
Three Tools
📱 If you’re looking to up your marketing game with science-backed tips, look no further than Abhishek Shah.
🎶 Want to get in the zone while coding? Check out musicForProgramming.
🔥 When it comes to staying on top of new tech, it doesn’t get much better than the MIT Technology Review.
Hustler’s Quote Of The Week
Focus is the founder master skill above all others.
Even successful serial entrepreneurs struggle with it. (Myself included!)
If you are working on two things or more, ask yourself: could the best thing get at least 10% better if I focused 100% on it?
Usually yes.
— Xavier Helgesen (@XavierHelgesen)
5:24 AM • Mar 9, 2023
Customer Spotlight
“With Frame you remove the ongoing questions of additional tools to use and additional seats to add. It’s all in there from day one”.
Jules Marcilhacy - Co-Founder & COO, Cuure
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