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8 questions to answer before your startup faces technical due diligence

TechCrunch

Will your organization and your code pass technical due diligence when it’s your turn? Let’s start with the positives: If an investor is proceeding with technical due diligence (TDD), you’ll likely pass. We’ve looked at the contributions of over 200,000 developers who have collectively written 4 billion lines of code.

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Case in point: taking stock of the CrowdStrike outages

CIO

In addition, CrowdStrike hired two independent software security vendors to review the Falcon sensor code, its quality control, and release processes, and also changed how its updates are released: more gradually, to increasing rings of deployment, says Adam Meyers, CrowdStrikes SVP for counter adversary operations. Trust, but verify.

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The key to operational AI: Modern data architecture

CIO

From customer service chatbots to marketing teams analyzing call center data, the majority of enterprises—about 90% according to recent data —have begun exploring AI. This team serves as the primary point of contact when issues arise with models—the go-to experts when something isn’t working.

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VCs who want better outcomes should use data to reduce founder team risk

TechCrunch

So why aren’t they doing that when evaluating startup teams? Sixty percent of startups fail because of problems with the team. Instinct matters, but a team is too big a risk to leave to intuition. I will use myself as an example. You can (and should) take a scientific approach to evaluating a startup team.

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With a fresh $46M, Instabug aims to do more than fix your app’s bugs

TechCrunch

Instabug , a startup that aims to help mobile developers monitor, identify and fix bugs within apps, has raised $46 million in a Series B funding round led by Insight Partners. For example, he said, four years ago, if an app wasn’t crashing, that was considered good. We want to give them the right tools so they can be proactive.

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How African startups raised investments in 2020

TechCrunch

But with the pandemic bringing in utter confusion and panic, companies downsized as investors re-strategized, and due diligence slowed during the first few months of the year. This can be attributed to an increase in seed rounds (up 88% from 2019) and bridge rounds due to shortage of cash amidst a pandemic-induced lockdown.

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Productfy raises $16M to build the ‘Shopify of embedded finance’

TechCrunch

The company claims that with its platform, developers can “configure in hours, integrate in days, and go from idea to full stack deployment in as little as three weeks.” . But Productfy, unlike many other BaaS companies, is not just focused on developers. Today, they still have to have an engineering team to do that.