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LatAm startup strength, global chip shortage, Visa bulletin update • Technology Flow

“You’ve got a job to do” might be funny when a birthday cake decoration goes wrong, but if we’re talking about executives who don’t show up for board meetings, the stakes are much higher.

“Disengaged or dysfunctional boards aren’t just bad for CEOs and LPs; They’re bad for everyone,” writes Matt Blumberg, co-founder and CEO of Bolster, which prompted him to modify meeting formats to include follow-up surveys and additional outreach.

“It’s a lot of moving pieces to manage, but I find that doing so keeps the meeting fresh and well-paced.”

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Many entrepreneurs view board meetings as obstacles to avoid or overcome, which is unfortunate. Well-run sessions are legitimate opportunities to discuss challenges and ask for help when needed.

Example: No one wants to read slides at a board meeting, so distribute the material in advance and ask your attendees to submit questions via email. A board meeting should be a working session, not a monologue.

To encourage engagement and diversity, Blumberg recommends adding an independent director to each investor’s board seat and assigning a single position to an entrepreneur or team member.

“There is no doubt that running an effective board or serving as an effective director requires serious time, energy and attention,” he says. “But that’s no reason not to try.”

Thank you so much for reading,

Walter Thompson
Editorial Manager, Technology Flow+
@your protagonist

Today: Q&A with Silicon Valley immigration attorney Sophie Alcorn

Composite image of immigration law attorney Sophie Alcorn in front of a background with the Technology Flow logo.

Image Credits: Joanna Buniak / Sophie Alcorn (Opens in a new window)

I am hosting Twitter Space today at 10 am PT/1 pm ET With immigration attorney and TC+ columnist Sophie Alcorn.

If you’re trying to navigate the byzantine US immigration process — or you know someone who is — please join the conversation and bring your questions.

8 Investors Discuss What’s Next for Reproductive Health Startups in a Post-Ro World

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Technology Flow+ asked investors their thoughts on the state of venture capital in the post-Roe world. Image Credits: Alexander Rybintsev / Getty Images

Dominique-Madori Davis surveyed eight investors about the role venture capital can play in this new era, where Americans no longer have the legal right to an abortion.

The Supreme Court’s Dobbs decision affects more than health care and personal privacy: Will capital and talent flee US states that restrict reproductive rights? Will investors support more startups expanding healthcare?

Given the “unsettled relationship between venture money and ethics,” Dominique-Madori asked the crowd how they plan to make an impact — and how they prefer to be approached by entrepreneurs:

  • Hesse Jones, Partner, MATR Ventures
  • Lisa Calhoun, Gary Peet and William Leonard, Waller Ventures
  • Mecca Tart, Executive Director, Startup Runway
  • Ed Zimmerman, Founding Partner, First Close Partners
  • Theodora Law, founder of Unconventional Ventures
  • McKeever Conwell, founder of Rarebreed Ventures

Pitch Deck Teardown: Party Round’s $7M, er, Party Round Deck

Cover slide reading 'Venmo for Party Round Fundraising'

Image Credits: Party round (Opens in a new window)

In November 2021, Party Round, a startup that aims to help automate seed-stage fundraising, used its own platform to raise $7 million.

Its founders recently shared their unedited 10-slide pitch deck with us so TC+ members can see what worked:

  • Cover
  • slogan
  • solution
  • value proposition
  • product
  • Competitive advantages
  • “Why now?”
  • Mission
  • the team
  • The end

Dear Sophie: My EB-2 priority date will be delayed by 2 years! what should i do

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Image Credits: Bryce Durbin/Technology Flow

In her latest column, Sophie Alcorn answers questions about green cards in the EB-1A category for exceptional ability and multinational managers, EB-2 NIW and PERM, as well as EB-3 for professionals:

Dear Sophie,

I’m so close! My priority date for my EB-2 application to register for permanent residence is only nine days from the date listed in the September 2022 visa bulletin, but now the date in the October 2022 visa bulletin is pushed back by more than two years!

I’m a software engineer and wanted to get my green card before I changed jobs, but now I’m rethinking my path. I heard that employees are fined if they leave their employer before getting a green card.

What is your advice?

– Bumped by the Bulletin

Dear Sophie,

I am currently on L-1B and my employer has sponsored me for an EB-3 green card. I only had one year left on my L-1B, so my employer entered me into the H-1B lottery and I was selected!

If I switch to H-1B, will I still have my EB-3 priority date?

– An engaged employee

Dear Sophie,

I am an author and motivational speaker and 60 years old. Can I Apply for an EB-1A Green Card?

– A successful speaker

In Latin America, entrepreneurs and investors try to balance caution and optimism

hand-holding a snapshot of a blossoming tree against the same tree without leaves in winter;  Latin America is cautiously optimistic

Image Credits: Thomas Jackson (Opens in a new window) / Getty Images

If valuations are your measure, Latin America’s startup ecosystem reached maturity a short time ago.

According to Julio Vasconcellos, managing partner at VC firm Atlantico, the region’s first unicorns have appeared in the past five years, “marking a long-awaited inflection point.”

In his third annual TC+ report, Vasconcellos compared LATAM’s recent gains in areas such as telemedicine, grocery delivery and fintech to the US, where “pandemic market darlings… have been forced to cut headcount as consumption levels return to pre-pandemic historical levels. trend line.”

What CHIPS and the SCIENCE Act mean for the future of the semiconductor industry

Potato chips pattern on pink background, hard light with shadows.  Concept of unhealthy junk food.

Image Credits: Anna Blazuk (Opens in a new window) / Getty Images

For more than two years, the global semiconductor supply chain has been stretched to its limits.

There is no single reason: Extreme weather, Covid-19, the protracted trade war between the US and China, and Russia’s invasion of Ukraine are just a few contributing factors, not to mention the growing demand for cryptocurrency mining.

The US accounts for only 12% of global semiconductor production, but the recent passage of the CHIPS and SCIENCE Act of 2022 will free up $52.7 billion in subsidies for domestic workforce development, R&D and manufacturing.

“The CHIPS Act is like a green light for domestic manufacturing,” says Simon Butler of Perforce Software.

“However, a presidential executive order published earlier in the year could be a stumbling block for semiconductor design shops eager to deliver national security projects.”

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