Last week, we ran an article by Gaetano Crupi, a partner at VC firm Prime Movers Lab, identifying three pillars required to support a Series B data room: a strategy memo, a pitch deck and a forecast model.

In a follow-up, he explains the next step: packaging this information for prospective investors to “create the blueprint and backbone for an in-depth Series B due diligence process.”

If you’re preparing for a Series B, these articles explain exactly what investors are looking for and how each piece of content works individually and in tandem.

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Crupi also discusses some of the less obvious aspects of Series B fundraising, such as the need for topic-specific breakout decks, a comprehensive due diligence questionnaire, and critically, how to put it all together.

If your startup still hasn’t achieved product-market fit, feel free to skip this article and get back to work. As Crupi notes:

Thanks very much for reading,

Walter Thompson
Editorial Manager, TechCrunch+
@yourprotagonist

‘Just break even’ may be the worst possible advice for startups in turbulent times

Image Credits: Andriy Onufriyenko (opens in a new window) / Getty Images

A friend shared a photo on Twitter of a feral cat in NYC walking on the electrified third rail of a subway track.

It was dangerous, but as long as the animal avoided making contact with the ground and the rail simultaneously, it could very well have been the safest route to its destination.

Refusing to cut costs during a downturn is similar to walking on the third rail: Companies that can maintain this tricky balance can maintain growth that propels them to the next level, according to Igor Ryabenkiy, CEO and managing partner of AltaIR Capital.