Newsletter 9.19.2024

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Happy Thursday! Ahoy, and welcome to Mind Your Business, the weekly treasure map for Tampa Bay entrepreneurs—charting your course to new opportunities, and plunderin' the best insights!

Here’s what we’ve got for you this week:

• Tampa Bay Startups Selected for Big VC Pitch Event

• Tampa continues to climb the ladder of places to be

• Tampa biotech company getting people magic mushrooms

• Bonus: Get the leaked playbook of one of the largest YouTubers

FEATURED

Tampa Bay Startups Representing at Venture Atlanta 2024

The Tampa Bay startups presenting at Venture Atlanta 2024 include Spontivly, Tempest Droneworx, Ovum Health, Karambit.AI, and 360Video Security. These companies span various industries, from healthcare to security and drone technology. While some are local, others are part of the Tampa Bay Wave program, a prominent accelerator supporting tech innovation in the area. This participation showcases the strength and diversity of the Tampa Bay startup ecosystem, emphasizing its role as a growing tech hub.

TICKLE YOUR BRAIN

You run a tech startup with a team of 5 developers. Each developer can complete one feature every 2 days. You have a client requesting 15 new features to be delivered in 10 days.

Do you:

• Hire 2 more developers to meet the deadline?

• Push the deadline back by 5 days?

• Have your current team work overtime?

What’s the best solution to ensure timely delivery without sacrificing quality or overworking your team?

(Pause for some deep thinking…)

TECH

Tampa’s Tech Talent Surge: Rising Wages and Workforce Expansion Propel the City Up the Ranks

Tampa moved up three spots in the 2024 CBRE Tech Talent rankings, with a notable 14.9% increase in tech professionals, bringing the total workforce to 59,650. The average tech salary grew by 25.3% since 2018, reaching $96,559. Tampa produced more tech graduates (9,213) than jobs created (7,750), positioning it as a growing hub for tech talent. Additionally, the city saw significant increases in educated residents in their 20s and 30s, and operating costs for a 500-employee tech company remain competitive at $51.2 million.

FUNDING

Magic Mushrooms Without the Trip?!

The University of South Florida (USF) Research Foundation has invested $200,000 in Psilera, a Tampa-based biotech company co-founded by USF alumni Chris Witowski and Jackie von Salm. Psilera is pioneering the development of non-hallucinogenic treatments for neurodegenerative diseases, particularly focusing on conditions like frontotemporal dementia (FTD). Their lead compound, PSIL-006, has shown promising preclinical results, helping to alleviate psychiatric symptoms while improving learning, memory, and sleep patterns.

This investment is part of Psilera's broader effort to revolutionize at-home care for patients with hard-to-treat neurological disorders. Psilera’s approach seeks to address the unmet need for effective treatments for FTD, which currently lacks adequate therapeutic options.

MEME STREET

Here’s a Meme You Can Probably Relate To

Hire offshore talent that come with impossible resumes:

• Amira: Fordham University grad, ex-JPMorgan

• Ashan: Western Sydney University grad, ex-RedBlocks Technologies

• Anika: Kenyon College grad, ex-Moody’s

Learn more about Oceans

WORTHY MENTIONS: UPDATES, TOOLS, RESOURCES

• 📅 Want to sponsor an upcoming Masterminds event? Register here!

• Mark your calendars for our biggest VC & Tech event of the year on Nov 20th. Details coming soon.

• Bonus: Learn all there is to know about going viral on YouTube with this leaked playbook by the viral man himself, Mr. Beast. Download here

Answer:
Hiring 2 more developers allows you to complete 15 features within the 10-day deadline.

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