The Daily Index — Wednesday, November 15, 2023

HEADLINES & TRENDS

TLDR Founders

80% OF IPOS ARE BROKEN

The Wall St Journal recently looked into IPOs. 80% of IPOs since 2020 are trading below their IPO price. A bad IPO market creates stress across the entire venture stack. If people aren’t making money at the top, things like price will need to change further down at the bottom.

saastr.com · 2 min

TLDR Founders

THE SOFTWARE INDUSTRY'S PRODUCTIVITY BOOM: ANALYZING REVENUE PER EMPLOYEE TRENDS

Modern businesses produce 2x more revenue per employee than their decade old selves. This article dives into the stats behind 13 public software companies that have meaningfully increased their RPE.

tomtunguz.com · 3 min

TLDR Founders

UNPACKING OPENAI’S DEV DAY

A breakdown of the major announcements from OpenAI’s Dev Day and its implications on the technology industry.

tanay.substack.com · 5 min

TLDR Founders

FOUR SALES COMPENSATION TACTICS FOR CONSUMPTION-BASED GTM

saastr.com · 7 min

TLDR Founders

WHY YOU SHOULD CARE ABOUT YOUR EMPLOYEES’ LINKEDIN CONNECTIONS

This study found that companies whose real-world employee connections put them at the center of their professional communities performed better than peer companies whose workforces were less well-connected. Perhaps something to start to look into during your hiring process, even for non-customer-facing roles.

hbswk.hbs.edu · 4 min

TLDR Founders

THE CFO TECH STACK GOING INTO 2024

This blog explores the finance stacks of a handful of top startups like Brex, Webflow, and Public. The finance stack has gotten some love over recent years, with more than 150 venture-backed options for FP&A alone. Pass this one on to your finance team.

mostlymetrics.com · 7 min

TLDR Founders

GPT-4 TURBO NOTE TAKER (PRODUCT)

Let AI automate your meeting notes using GPT-4 Turbo.

tactiq.io

TLDR Founders

LEBESGUE (PRODUCT)

Scrape global marketing data to make your marketing work.

lebesgue.io

TLDR Founders

BYEDISPUTE (PRODUCT)

Prevent disputes before getting banned from Stripe.

byedispute.com

TLDR Founders

THE RISE OF ADVOCATES IN SELLING SOFTWARE

The importance of developer relations for technical products is increasing. As competition gets hotter, developers need social proof from their peers before they’ll use a new product. Engineering-led sales can be a way to extend the successful pattern of founder-led sales before you hire your sales team.

akashbajwa.substack.com · 7 min

TLDR Founders

TO GO 0 TO 1, FIRST GO -1 TO 0

In the early stages of South Park Commons, there was a lack of clear language to describe its purpose. This phase, now termed "-1 to 0," represents a crucial period where ambitious technologists and founders determine their future focus, a process more challenging and crucial than often recognized, requiring a shift from mere talent to developing deep conviction about what and how to build.

every.to · 7 min

TLDR Founders

AGI’S IMPACT ON TECH, SAAS VALUATIONS

The rapid advancement of AI, particularly AGI, could significantly impact the valuation of SaaS and tech companies by increasing competition, compressing margins, and reducing the demand for traditional project management and CRUD apps, while also challenging incumbents with new AI-native startups and self-serve app creation, ultimately leading to a shift in the software value chain.

nextword.substack.com · 5 min

TLDR Founders

COPILOT IS AN INCUMBENT BUSINESS MODEL

The Copilot AI business model enhances existing workflows for efficiency without creating new markets or disrupting lower ends, but its true disruptive potential lies in reimagining workflows, a challenge that could unlock significantly larger market opportunities.

matt-rickard.com · 2 min

TLDR Founders

AMAZON STRIKES DEAL WITH SNAP TO LET USERS BUY ITS PRODUCTS FROM ADS ON SNAPCHAT

Amazon has partnered with Snapchat to enable in-app shopping, allowing users to purchase products directly from ads within the social app using linked Amazon accounts.

techcrunch.com · 2 min

TLDR Founders

BEYOND THE SURFACE AREA OF LUCK

The "surface area of luck" theory posits that actively engaging in diverse and valuable activities, expanding one's network, and consistently applying effort over time can increase the likelihood of encountering serendipitous opportunities.

edlatimore.substack.com · 8 min