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Daily Crunch: Spotify and Ford make acquisitions – TechCrunch techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.
Witte has been covering the now-unicorn, and the larger sneaker beat, for a half decade. That experience helped enrich her reporting arc, giving her more insight into the company’s business model, founding story and recent growth. StockX is a behemoth today, having recently been valued at $3.8 billion in a round that was announced this month. But even before the company added another billion dollars to its valuation, TechCrunch was impressed at its business progress. Back when the company was worth a mere $2.8 billion, we called its then-current round of capital “pre-IPO money.” And, of course, we asked Witte at the end of the conversation when we should expect to see not just an EC-1 from StockX, but an S-1 as well. Soon, we reckon. ....
Hear from Detroit VCs on how to raise cash in the Motor City today at TechCrunch’s free Detroit meetup We hope you can make our virtual meetup in Detroit today. The event is free, features a pitch-off with Detroit startups, a talk regarding StockX, and a panel with Detroit VCs on best practices when fundraising. This event is the second in TechCrunch’s new series, City Spotlights where TechCrunch focuses on an area to highlight successes and bring light to the growing area. Last month we were in Miami and soon we’re going to Pittsburgh. Today’s event features talks on how to get hired at a startup and a fireside chat with two local investors: Jonathan Triest from Ludlow Ventures, and Patti Glaza from Invest Detroit Ventures. Both are key players in the local area and have a lot to share regarding the best way to raise cash in and out of Detroit. Following the chat with these investors, Ryan Landau, founder of Purpose Jobs, is speaking on startup hiring practice ....
Let’s talk about gaslighting and fundraising “Most of the startups I give advice to about how to raise venture capital shouldn’t be raising venture capital,” an investor recently told me. While the idea that every startup isn’t venture-backable might run counter to the narrative to the barrage of funding news each week, I think it’s important to double click on the topic. Plus, it keeps coming up, off the record, on phone calls with investors! As venture grows as an asset class, the access to capital has broadened from a dollar perspective, but I do think the difficulties that remain is an important dynamic to call out (and something no one talks about during an upmarket). Beyond the fact that only a small subset of startups truly can pull off scaling to the point of venture-level returns, it is still hard for even qualified founders to raise venture capital. Venture capital is still a heavily white, male-led industry, and as a result contains bias that disprop ....
The StockX EC-1 – TechCrunch techcrunch.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from techcrunch.com Daily Mail and Mail on Sunday newspapers.