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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

At our mid-year offsite our partnership at Upfront Ventures was discussing what the future of venture capital and the startup ecosystem looked like. Should SaaS companies trade at a 24x Enterprise Value (EV) to Next Twelve Month (NTM) Revenue multiple as they did in November 2021? Please follow him & welcome him to Upfront!! <==

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How long can Zuckerberg afford to bankroll the AR/VR market?

TechCrunch LA

Last week, we talked about about the “de-stonkifying” of the market. The company’s stock tanked by more than 26 percent, representing a $230 billion reduction in market cap and a $31 billion drop in Zuckerberg’s personal net worth. Crypto startups are making it easier to build crypto clubs. other things.

Marketing 246
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Hyundai taps EV startup Canoo to develop electric vehicles

TechCrunch LA

Hyundai Motor Group said it will jointly develop an electric vehicle platform with Los Angeles-based startup Canoo, the latest startup tapped by the automaker as part of an $87 billion push to invest in electrification and other future technologies. Canoo company recently opened the waitlist for its first vehicle. ”

Startup 310
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A16z-backed Shein challenger Cider is growing rapidly

TechCrunch LA

Shein has shown the world how combining social media marketing, data analytics, and China’s well-oiled supply chain has created a $100 billion fast fashion behemoth. Cider has racked up roughly 7.4 million installs across the world to date, according to data provided by market intelligence firm Sensor Tower. Data: Data.ai.

Startup 217
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PocketList Raises $2.8M In Seed Funding For Rental Info

socalTECH

Los Angeles-based PocketList , a new startup which is starting up a rental marketplace driven by feedback from current and past tenants, announced on Wednesday that it has raised $2.8M According to PocketList, it uses the "wisdom of the crowd" to share information about the rental market.

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EV Startup Canoo Plunged Into Legal Morass

socalTECH

Canoo only just announced the company two weeks ago , unveiling a conceptual design for an electric car it claimed it would get to market by 2021, available via subscription.

Startup 113
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Boulevard books $70M to help beauty and wellness salons with their bookings

TechCrunch LA

But at the same time, Los Angeles–based Boulevard got this funding infusion at a boosted valuation because it has been on a roll. It’s also a massive market — and by Danna’s estimates, still with a lot of untapped business — with Boulevard quoting figures that forecast personal care and beauty sales passing $1.4

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