According to the November 2022 “Tech Jobs Report” by CompTIA, a nonprofit association for the technology industry, companies have maintained a steady pace of hiring. Tech industry employment increased by 193,900 in 2022, 28% higher than last year. And employer job postings for new tech hiring rebounded in October with nearly 317,000 openings, an increase of more than 10,000 from September.
Women are still underrepresented in the STEM industry, with only 29% of the STEM labor force being female, and just 3% of industry CEOs being women. While many young women pursue STEM education, they face roadblocks after college, including low confidence, a lack of mentorship, and understanding salaries and compensation packages. Having a mentor can help women gain confidence and prepare for challenges, and it's important to have open conversations about salaries and benefits.
Technical debt, like financial debt, is something you want to avoid. In the IT world, technical debt is the work you have to do tomorrow because you took a shortcut to deliver the software today. Common causes for technical debt include lack of upfront definitions in design & development, starting a project without completing proper requirements gathering, and budget issues. To manage technical debt effectively, make it a part of your daily conversations, be an advocate for maintenance, have KPIs set for basic product expectations, and plan reasonable workloads to account for technical debt. Working smarter, not harder, is the key to managing technical debt effectively.
Arcanium, a technology and talent services provider for startups, has been selected for Newchip's online accelerator program from over 1,000 applicants. The equity-free accelerator provides mentorship, connections and tools to help growth-stage startups scale their business and attract potential acquisitions. The program has helped over 1,500 founders from more than 50 countries and 250 cities raise over $450 million in funding since 2019. With $1 million in year one revenue and over 15% month-over-month growth, Arcanium aims to optimize the venture-building process with Newchip's support.
Welcome to Dr. Miles Aron’s series on the book Venture Deals. He provides zero-cost access to information about the art, the science, and the history of venture building. Venture Deals is required reading for entrepreneurs, VCs, angels, and even attorneys. In this series, he will share some important learnings about term sheets and how they can impact your business.
Our client is a Houston, Texas-based software development company. Described as “Software Development as a Service” (SDaaS), their primary offerings are Software Engineering, Fractional CTO Services, Fractional Product Managers, and Web & Mobile Development.
Our client is one of the fastest-growing online crypto casinos in the world. Offering 2400+ feature-rich games, they have achieved 2.9 billion transactions since their inception 6 years ago.
Taylor Made Cuisine, a catering and meal delivery company, hired Arcanium to develop Version 2.0 of their software to streamline their growing business. The software is used by their wellness team to create personalized menus that cater to dietary needs and preferences of their customers. Arcanium worked with the company to identify software requirements that addressed existing bugs, provided a cleaner and more intuitive user experience, and automated menu-writing processes to increase efficiency. The resulting software enables the wellness team to write over 300 menus per week and supports the growth of the company's meal delivery subscription business.
Safer Management hired Arcanium to build their attendance automation platform with facial recognition and distributed IoT applications in a hybrid cloud deployment. Using modern technology like GraphQL and Serverless deployment, Arcanium built an infrastructure that could support the speed and extensibility of their data, resulting in positive feedback from both new and existing customers. Safer Management was able to devote their time to the business side of the product, achieving many milestones such as being accepted into startup accelerator Y Combinator and being backed by Google Ventures.
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