{"id":53975,"date":"2023-11-14T19:15:34","date_gmt":"2023-11-14T19:15:34","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/11\/14\/tc-roundup-is-getirs-most-recent-acquisition-a-sign-of-whats-to-come-techcrunch\/"},"modified":"2023-11-14T19:15:34","modified_gmt":"2023-11-14T19:15:34","slug":"tc-roundup-is-getirs-most-recent-acquisition-a-sign-of-whats-to-come-techcrunch","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2023\/11\/14\/tc-roundup-is-getirs-most-recent-acquisition-a-sign-of-whats-to-come-techcrunch\/","title":{"rendered":"TC+ Roundup: Is Getir\u2019s most recent acquisition a sign of what\u2019s to come? | TechCrunch"},"content":{"rendered":"


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Good morning! We\u2019ve got a full plate for you today, so let\u2019s get to it.<\/p>\n

Fast-delivery startup Getir announced last week that it was buying FreshDirect, an online grocery delivery company. FreshDirect was last valued at $300 million in 2020 \u2014 down significantly from the $517 million valuation it had years ago. But Getir isn\u2019t doing that well, either: It raised at an $11.7 billion valuation in March 2022, and by December 2022, when it acquired rival company Gorillas, the combined pair was valued at just $10 billion.<\/p>\n\n

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Use discount code TCPLUSROUNDUP<\/strong><\/a> to save 20% off a one- or two-year subscription.<\/i><\/p>\n\n

This might just be a sign of things to come, writes Rebecca Szkutak. \u201cStartups won\u2019t be scooped up by other startups looking to bulk their balance sheets ahead of an IPO but rather by those hoping to plug the holes in their business models that keep burning cash.\u201d<\/p>\n

Thanks for reading!<\/p>\n

Karyne<\/a><\/p>\n

Pitch Deck Teardown: Phospholutions\u2019 $10M Series A extension deck<\/h2>\n
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Image Credits:<\/strong> Phospholutions (opens in a new window)<\/span><\/a><\/p>\n<\/div>\n

Ag tech startup Phospholutions closed a $10 million round, bringing its valuation to $32 million. The deck is a \u201charmonious blend of compelling storytelling, clear value propositions and persuasive data points,\u201d writes pitch expert Haje Jan Kamps. But the lack of attention to detail, including typos and misnumbered slides, made him raise an eyebrow. Also: Where is the traction slide?<\/p>\n

You can use jargon in your startup pitch<\/h2>\n
\"Isometric<\/p>\n

Image Credits:<\/strong> Getty Images<\/p>\n<\/div>\n

We have a very specific rule in journalism: Try to cut out the jargon so that anyone reading the story can understand it. But that rule doesn\u2019t apply to pitching your startup, especially when the target audience speaks the same (business) language.<\/p>\n

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Navigating startups through smart investments, outsourcing and cash preservation<\/h2>\n
\"Red<\/p>\n

Image Credits:<\/strong> MirageC (opens in a new window)<\/span><\/a> \/ Getty Images<\/p>\n<\/div>\n

\u201cGiven today\u2019s harsh economy and reduced VC spending, startups need a critical eye when purchasing SaaS and cloud infrastructure,\u201d writes Gynger CTO Amnon Mishor. And the first place to start is considering whether it makes sense to build the tech you need or buy it.<\/p>\n

After six quarters of falling venture interest, crypto investors see recent price gains as positive signal<\/h2>\n
\"secondaries,<\/p>\n

Image Credits:<\/strong> Getty Images<\/p>\n<\/div>\n

\u201cI believe that [crypto] deals will pick up and close into the rest of this year, the most active quarter of the whole year,\u201d Pantera Capital\u2019s Paul Veradittakit told TechCrunch+ crypto reporter Jacquelyn Melinek. And after six straight quarters of decline in the value of venture capital investment into web3 companies, we\u2019re here for it.<\/p>\n<\/p><\/div>\n