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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

Should SaaS companies trade at a 24x Enterprise Value (EV) to Next Twelve Month (NTM) Revenue multiple as they did in November 2021? This happens slowly because while public markets trade daily and prices then adjust instantly, private markets don’t get reset until follow-on financing rounds happen which can take 6–24 months.

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Bird Sees Record Results, Adds New E-Bike

socalTECH

Los Angeles-based micromobility provider Bird said this morning that it has seen record second quarter and first half fiscal 2021 financial results, with $60.0M Bird said the Q2 results are a 43 percent increase versus the same period in 2019. in revenues in Q2, which was 36 percent above its expectations.

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Shareholders approve Bird-SPAC merger, stock promptly falls

TechCrunch LA

News broke in May that Bird was looking at a SPAC-led debut on the public markets. For example, Bird had gross margins that were negative in 2018, 2019 and 2020. This year, the company expects — looking at predictions that included results through Q2 2021 — to post positive gross margins. billion for Bird when it began to trade.

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Etsy Is Boosting Seller Transaction Fees By 30%

Tech.Co

It'll help the company invest in marketing, Etsy CEO Josh Silverman says: “We have demonstrated our ability to make improvements that directly translate into more sales for our sellers, as evidenced by record sales per seller in 2021. Why the increase?

Sales 155
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New markets emerge for carbon accounting businesses as cities like LA push proposals

TechCrunch LA

Roughly two years ago, in July 2019, Los Angeles set up an office of climate emergency and earlier this year Mayor Eric Garcetti launched the climate emergency mobilization office to coordinate activity between civic leaders, the mayor’s office, and the city council. .

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Hyundai taps EV startup Canoo to develop electric vehicles

TechCrunch LA

The company rebranded as Canoo in spring 2019 and debuted its first vehicle last September. The first Canoo vehicles are expected to appear on the road by 2021 and will be offered only as a subscription. Canoo started as Evelozcity in 2017 by two former Faraday Future executives Stefan Krause and Ulrich Kranz. ”

Startup 310
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Six Tech Startups to Look Out For in 2023

Tech.Co

Only companies with cutting-edge concepts and crystal-clear market strategies stand a chance of surviving through their first year, let alone making a profit. As the clean energy market rises exponentially, Rerverion aims to solve some major challenges plaguing the sector by rethinking the way biogas is extracted. Source: wander.com.

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