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How to increase your team’s salaries; Contextualizing the consumer correction
Where women in tech lead, shape and fund the future.
Hi, welcome to Femstree't’s life online this week! I’m Sarah and this is the 229th edition of Femstreet. The most clicked post from last week’s curation was How to move faster as a founder. If you like the content in this newsletter, please like it above and share it with friends.
Let’s hang!!! We’re hosting a little pre-summer community event next Wednesday online. RSVP here for some good vibes. If you want to team up with us for a get together in NYC in June, ping me!
Femstreet Talent 🔥 We’ve been overwhelmed by all the strong applications we received last week — you guys are simply amazing! Looking for a new gig, either actively or passively? Apply to be part of our Talent Collective. This is an application-only community for talented female leaders with 3+ years of experience (especially in community, marketing, product & design) exploring their next big play. Members of our Talent Collective receive warm intros to top companies personally screened by us, with the ability to stay anonymous or public. It’s free, no obligations. We’ll let in companies soon and match you. Our goal is to make the Femstreet Talent Collective the highest signal-to-noise hiring resource for all women in tech.
High profile fashion startup Zilingo, backed by Seqouia and Temasek, terminates CEO Ankiti Bose two months after it launches an internal accounting probe. The upside of a downturn. Why fractional work might be right for you. Skincare products as developer tools. Welcome sartorial weirdness: Luxury x Culture. ‘Why isn’t anyone sliding into my DMs?!’ The biggest lessons from the Terra/Luna collapse. The state of Big Food. Investigating the current state and future of global e-commerce supply chains. UnicornDAO raised $4.5M to empower women and LGBTQ NFT creators. If you want to become a blockchain developer, checkout Devpill.me. The future looks bright! Key takeaways on culture, compensation structures and operations from working with DAOs. Tusk Venture’s Michaela Balderston has been promoted to Partner.
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From builders and investors in our universe…
Inflation, huh? How to increase your team’s salaries
With the rising costs due to global inflation, companies tend to increase the entire team’s salaries to keep up with market rates. Jenny Terry of Buffer on how salary re-benchmarking works and how it impacts operating expenses…Read more.
Crypto founders, it’s time to embrace reality
Crypto has survived plenty of winters, but it’s never been through a global macro storm yet. We've never had so much attention from users, developers, or regulators as we do now. This is a time to extend your advantage and cement market leadership, but you need to survive long enough to have that chance. If you’re building in web3 and staring at a lot of red right now and wondering what to do about it, here are some thoughts from Sequoia’s Michelle Bailhe…Read more.
Contextualizing the consumer correction
The correction is not near. It’s here. In an effort to make sense of the market moves of the past few weeks, Redpoint’s Meera Clark shares some data on where we are today and what might lie ahead for consumer companies…Read more.
Put efficiency before growth
Many founders suddenly run a business amid extreme economic uncertainty. How do you plan for what may (or may not) come next? Kristina Shen and Kimberly Tan of a16z share the playbook for efficient growth for SaaS products…Read more.
“We came up with: FYI (for things that don’t need to be responded to but read), NAN (“No Action Needed” for things that don’t need to be responded to or read), URGENT: if needed within 24 hours (could also be followed up with a text); and AN (“Action Needed” for things that needed a response within the next 48 hours).”
Re-culturing as your company evolves
One of the mistakes many growing companies make is keeping the same processes and practices they used when they had 20 employees, even though they may now have thousands. Melissa Daimler of Udemy on internal communication and how to design (and redesign) the practices of company culture…Read more.
Getting a full-time job in web3
Getting started in web3 is confusing. You should build your narrative and relate it to your past experiences compellingly, no matter how irrelevant you initially think your experiences might be. Back in January, Sarah L. of Layer3 was rejected or ghosted from every job she applied to in web3, but then realized that web3 was missing marketers. Sarah shares how she got her full-time job, and why being adaptable in this market and failing fast will help you tremendously…Read more.
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In case you missed it
You’ve made it for this week! See you next Sunday! 👋
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Written by Sarah Nöckel, Investor at Northzone. Born in Germany. Based in London