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We’ve made it to Friday, people. If you’re something like me, which means ending the workday with a well-deserved nap and reruns of “The Office.” Tweet, toot or Post at me about your favourite strategy to finish the week.
Mark your calendar for a Twitter Space occasion on Tuesday, December 13 at 1 p.m. PST/4 p.m. EST that includes Builders VC investor Andrew Chen, who will converse with Walter concerning the function tech reporting performs in shaping ecosystems.
See you Monday! — Christine
The TechCrunch Top 3
Startups and VC
More layoffs this week as Ingrid experiences on Primer, an e-commerce infrastructure startup primarily based within the U.Ok. that introduced it could lay off one-third of its workers amid some restructuring to handle present and proposed commerce market situations.
Meanwhile, Haje believes you want the good abstract slide to your pitch deck and has discovered some for you (requires a TechCrunch+ subscription).
And we’ve got three extra for you:
How to reply when a VC asks about your startup’s valuation
Image Credits: boschettophotography (opens in a brand new window) / Getty Images
When a VC inevitably asks about your valuation expectations, it’s a trick query: If your response is simply too excessive, it’s a pink flag, whereas a lowball determine undervalues the corporate.
“We’re letting the market price this round” is an acceptable reply, however provided that you’ve already gathered substantial knowledge factors from different traders — and may fireplace again with a number of questions of your individual, says Evan Fisher, founding father of Unicorn Capital.
“If that’s all you say, you’re in trouble because it can also be interpreted as ‘we don’t have a clue’ or ‘we’ll take what we’re given,’” stated Fisher.
Instead of entering into chilly, he advises founders to pre-pitch traders from their subsequent spherical and use takeaways from these conversations to form present valuations.
In the article, Fisher contains pattern questions “you will want to ask every VC you speak with,” together with different suggestions that can assist “when they pop the valuation question.”
Three extra from the TC+ workforce:
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Big Tech Inc.
We are over right here with our mouths open upon studying that crypto information publication The Block obtained some vital — and undisclosed — loans from former FTX CEO Sam Bankman-Fried’s firm Alameda Research. As a outcome, CEO Michael McCaffrey is out and Bobby Moran, the corporate’s chief income officer, takes the function however as Jacquelyn and Alex write, the now battle of curiosity will take a while to restore, if it could actually even be completed.
As we watch for the Federal Trade Commission to ship information of Microsoft’s destiny with Activision, Kyle writes that the cloud companies large acquired a distinct firm, this time Lumenisity, a startup developing high-speed cables for transmitting knowledge.
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