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Gorgias’ valuation rises to $710M with $30M Series C for e-commerce customer support

TechCrunch

The company was valued at $680 million prior to this round, Gorgias co-founder and CEO Romain Lapeyre told TechCrunch via email. Even with all of that growth, the company is monitoring its cash burn rate in this new economic environment. The company’s goals early on were to “hire and grow in a sustainable way,” Lapeyre said.

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7 investors discuss why edtech startups must go back to basics to survive

TechCrunch

The companies that took their first venture capital during the craze decided to join forces with other well-capitalized competitors. Here’s who we surveyed: Ashley Bittner and Kate Ballinger , Firework Ventures. Jan Lynn-Matern , founder and partner, Emerge Education. Jomayra Herrera , partner, Reach Capital.

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Three Learnings for Startups after Big Tech’s Q3 Earnings Beatdown

Entrepreneur's Handbook

Let me elaborate on that a bit; as an investor, I’m less enthused by companies looking to raise capital to generate more demand before having some market validation. Such as your first SDR achieving quota, or the CEO/Co-founder being able to book customers themselves. Prospective customers like talking to the people in charge.

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The Equity Seller’s Bubble of 2021 Part 2 • 2022 From a Startup Equity Seller’s to an Equity Buyer’s Market

Angel Capital Association

2022: The Aftermath In 2022 war, inflation, rising interest rates and a tougher economic environment–one not buoyed by historically low interest rates–brought an end to the long-term bull market in assets (the “everything bubble”), including startup capital. 2 A (temporary) venture capital reset?

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Mayfield’s Arvind Gupta discusses startup fundraising during a downturn

TechCrunch

Between his roles as co-leader of Mayfield Fund’s engineering biology practice and founder at IndieBio, Arvind Gupta reviewed approximately 470 startup pitches last year. “In 10 days, I can do the primary research and work with the founders to come to a conclusion there. For a larger Series A check.

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The end of a second straight month of layoffs in tech

TechCrunch

There are also the founders who — within the same breath of their layoff announcement — will make it clear that they are still hiring for strategic roles. The layoff comes nearly three months after Backstage Capital narrowed its investment strategy to only participate in follow-on rounds of existing portfolios.