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Monday, August 28, 2023

Todayâs top story is about Indiaâs retail giant, Reliance. And the company has been busy making news, so we actually have a trio of stories. First, the company launched its 5G hot spot Jio AirFiber. Then, guess who is now on Reliance Industriesâ board?Â Meanwhile, Relianceâs financial services unit will now offer insurance and merchant lending. Read more.

Next, we all know that airline flight prices are volatile. A new tool from Google Flights will tell you when itâs the cheapest time to book.

And OpenAI doesnât want to hold back enterprise from all the fun of ChatGPT. It now has a plan for that.

Image Credits: BusÃ Photography / Getty Images

More top reads

If you canât find it, make it yourself: A splinter group officially launches an OpenTF fork of HashiCorp Terraform. Find out more.

Good news and bad news: X saw weekly active users and rankings drop post rebrand; however, there was one bright spot: Twitter Lite installs grew.

Answering the call: DoorDash launches an AI-powered voice ordering technology for restaurants. Read more.

Business-in-a-box: Moxie raises $15.7 million to make opening med spas easier. Get the scoop.

Imitation is the sincerest form of flattery: After Threads did it, Bluesky adds a way to see your own likes. And other new things.

Find your next funding: Geek Ventures targets immigrant founders with its first fund. Read more.

In it to win it: After successfully landing on the moon, India now has its sights set on something bigger â the sun. Learn about its new solar observatory mission.

WhatsApp, Doc?: Leadsales developed a conversational commerce tool so small businesses in Latin America can manage sales via WhatsApp.

Send it back: Mexico-based Devolut is getting out in front of a burst of e-commerce growth in Latin America with a reverse logistics tool aimed at making it easier to return items. Get the scoop.

That one time, at TechCrunch: Our fearless leader, Matthew Panzarino, reflects on his 10 years at TechCrunch.

IPOhhhhhhhh: The public markets need some inspiration.Â Will Klaviyoâs IPO provide it? (TC+)

Weekend warriors you might have missed:

A Brazilian phone spyware was hacked and victimsâ devices âdeletedâ from server

Yes, in my backyardÂ (TC+)

Never express your âuse of fundsâ slide as percentagesÂ (TC+)

Looking for your next book? These 9 authors have reading recommendations for youÂ (TC+)

Image Credits: Thomas Barwick / Getty Images

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From todayâs âpodâ files

Todayâs Equity is catching you up on stocks around the world. The team also covered how Instacart and Klaviyo are bringing tech IPOs back, and Didi selling part of its business to Xpeng.

Never express your âuse of fundsâ slide as percentages

Building a pitch deck is like four-dimensional chess: Founders should present a convincing narrative that will carry the company from one fundraising round into the next.

Some teams like to share slides that explain how they plan to allocate investor funds, but Haje Jan Kamps says percentage breakdowns are a “red flag” to potential investors.

“How much tech do you need to have developed? How many customers and how much revenue do you need? What staff do you need to develop that tech, sell to those customers, and support them?Â .Â .Â .Â In other words: Youâre raising for milestones, not for percentages or runway.”

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