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A bit of a slow day for startup news, but let’s dive in:
Image Credits: Wilco (opens in a new window)
Image Credits: Wilco (opens in a new window)
Founders with a technical background would do well to heed one of the biggest takeaways from Wilco’s $7 million seed pitch deck: Avoid the trap of focusing too much on the features of a product, rather than its benefits, Haje writes.
“The ‘how’ will be important, but risks the temptation of getting into more detail than what’s important for a pitch deck. The ‘what’ is too tactical; for this part of the story, it doesn’t really matter what users need to do to gain these benefits. Focusing on the ‘why’ is why this slide is so powerful; it opens the door to more in-depth conversations if needed, but the groundwork is there. I wish more startups got this right!”
Pitch Deck Teardown: Wilco’s $7 million seed deck
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Yes, the Apple Store was down for 2 hours yesterday, but all is right now with the world. Haje reported that it came back on with the removal of Enjoy — the company that was in charge of delivery and setup of Apple devices — following Enjoy’s bankruptcy announcement, and that a $50 gift card will ship out with the purchase of either the Apple TV 4K and Apple TV HD.
Annie digs into a story about the U.S. commodities regulator, Commodity Futures Trading Commission, pursuing a civil charge filing against Mirror Trading International Proprietary Limited, a South African bitcoin pool operator, and its CEO Cornelius Johannes Steynberg, for allegedly running a fraudulent commodity pool worth more than $1.7 billion in bitcoin.
Across the pond, Natasha delivered a pair of European Union–related stories today. One was that Amazon has agreed to make it easier for people to cancel their Prime membership, while lawmakers gave their stamp of approval on some new regulations pertaining to cryptocurrency.