When pitching to VCs, one of the most frequent errors founders make is incorrectly presenting their total addressable market, or TAM for short. Perhaps because this number is hypothetical and dependent on so many different factors, some founders do not give it the time it deserves. In this post, we offer some tips on how to impress investors when presenting your TAM.
Under lean startup methodology, founders attempt to eliminate as much uncertainty as possible to create some order out of the chaos involved in starting a company. Failures are inevitable; but, great founders know how to fail quickly and cheaply, rather than trying to take on boatloads of venture capital funding to solve a problem with an approach that doesn’t scale or, even worse, to solve a problem that does not exist or is not that painful. Read more about strategies you can use to identify and de-risk key assumptions.
Health systems and hospitals face unprecedented cybersecurity challenges—chief among them is the threat to their connected medical devices. Providers use connected medical to improve patient care. But, by connecting these products to the Internet, they open themselves up to many security risks. To protect these providers and the patients they serve, several startups have focused on securing connected medical devices. This piece will look at the most innovative companies in this space.
Read about how a fast-growing physical security startup achieved a $540 million valuation in three years, how one company is revamping its security procedures after Russian interference in the 2016 elections, and more pressing cybersecurity news in this week’s SecureTech News Roundup.
Our friends at Jerusalem Venture Partners (JVP), in partnership with the City of New York, are looking for cybersecurity startups to compete in the Cybersecurity Moonshot Challenge, a competition to win a $1 million investment from Jerusalem Venture Partners and the chance to join Hub.NYC.
Earlier this week, the team at Strategic Cyber Ventures released a report on the state of the cybersecurity venture market. Venture investors poured $5.3 billion into cybersecurity startups in 2018. This is a 20% increase from 2017, which saw about $4.4 billion in venture capital investment in the cybersecurity space.
Dreamit is designed to help pre-Series A startups with a market-ready product and traction acquire new enterprise customers and raise their next institutional round of funding. Learn more about the day-to-day structure of the program and how it allows founders to scale their companies in a flexible way.
Raising money for your cybersecurity or physical security startup? We compiled a list of 101 venture capital firms that focus on investing in security startups to help make the process of closing your next round as easy as possible.
Dreamit SecureTech and SOSA are teaming up to host a night of networking, learning, and startup demos with founders and venture investors from the New York cybersecurity community. We’re looking for 10 pre-”Series A” startups to pitch their products to investors at the event.
Ever since we started CYR3CON, we are continually surprised at the hype cycle surrounding the application of machine learning. Many marketers opportunistically see it as another angle to entice buyers — and in talking to CSO’s — their frustration with the hype, equivocation, and machine learning marketing charlatans is palpable.
Dreamit SecureTech startup CYR3CON, which helps companies predict and prevent cyber attacks using artificial intelligence, announced a $1.5 million seed round led by Scout Ventures, with participation from Michael Sutton (former CISO, Zscaler), Aleksandr Yampolskiy (CEO, SecurityScorecard), Steven Witt (former CEO, Onyara and Partner/Co-Founder of DataTribe), and Steve Hassell, (former CIO, Emerson).
Earlier this month, our team at Dreamit kicked off our Fall 2018 SecureTech cohort, the inaugural group of security-focused startups in our new program led by Bob Stasio. After evaluating hundreds of potential startups for entry into the program, several trends emerged that point to how security technology will evolve in the coming years. We wanted to share some of those insights with you.
While there’s no doubt that technology has made real estate transactions faster, more streamlined and more user-friendly for today’s real estate buyers, sellers and professionals, it has also made these same audiences more vulnerable to cybercriminals who are looking to cash-in. Earlier this year, the FBI reported that nearly $1 billion had been stolen from buyers in real estate transactions in 2017 and a 480 percent increase in inbound complaints—establishing the real estate industry as one of the fastest-growing targets for cyber attacks.
Today we announced the launch of Dreamit SecureTech and our plans to invest in and accelerate game-changing securetech startups. Dreamit SecureTech has three focus areas: Logical will focus on hardware and software-based cybersecurity products; Physical will focus on mitigating threats to people and property; and Social will focus on the dimension of human communication such as fraud, social media/fake news, and information warfare.