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Bird Looks To Go Public Via $2.3 Billion SPAC

socalTECH

The company reported $95M in revenues in 2020, versus $151M in 2019, when the pandemic. The presentation says that Bird is estimating it will have $188M in 2021, and $401M in 2022 revenues.

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Virgin Galactic Chairman Cuts Personal Stake

socalTECH

Virgin Galactic went public via a reverse merger, using a Special Purpose Acquisition Company (SPAC) in October of 2019, despite having yet to launch any tourists to space. The company is aiming now at putting people into space in 2022, although it currently is in the midst of testing delays.

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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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Six Tech Startups to Look Out For in 2023

Tech.Co

We've scoured the startup scene to find out which budding businesses have made big waves in 2022 — and whose growth is showing no signs of slowing down. million-strong market of digital nomads (up almost 10 million from 2019) has proved to be a smart move for the Austin-based company. Wander's apex came in 2022, however.

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AKUA lands $3.2M to turn kelp into burgers

TechCrunch LA

In 2019, the company came out with its first product, Kelp Jerky, which comes in four flavors, and was a product Boyd Myers thought would be a good trial run to help people see ocean-farmed kelp in a new way. The company will also hire additional talent and ramp up its sales and marketing efforts.

Startup 191
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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

Probably not and 10x (May 2022) seems more in line with the historical trend (actually 10x is still high). We’ll just wait until companies that last raised in 2019 or 2020 come to market.” Should SaaS companies trade at a 24x Enterprise Value (EV) to Next Twelve Month (NTM) Revenue multiple as they did in November 2021?

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Praying to the God of Valuation

Both Sides of the Table

In a world when LPs benchmark VC performance on a 3-year time horizon from deploying one’s fund (is your 2019 fund in the top quartile!!??) I told my colleagues at our annual holiday party this past week that 2022 has been my most fulfilling as a VC and I’ve been doing this for > 15 years and nearly 10 more as an entrepreneur.