Daily Crunch: Grocery delivery app Getir bags rival Gorillas in a $1.2B acquisition

Daily Crunch: Grocery delivery app Getir bags rival Gorillas in a $1.2B acquisition

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We made it to Friday, folks. If you’re like me, this means a well-deserved rest and reruns on “The Office” at the end of the workday. Tweet, Toot Or Post Let me know your favorite way to close the week.

Mark your calendar for a Twitter Space event Tuesday, December 13, at 1 p.m. Pacific Time/4 p.m. Eastern Standard Time. Builders VC investor Andrew ChenWho will you speak with? Walter Learn more about the role of tech reporting in shaping ecosystems.

We’ll see you Monday! — Christine

TechCrunch Top 3

Startups and VC

This week, there are more layoffs Ingrid Primer, an ecommerce infrastructure startup based out of the U.K., reports One-third of its staff to be laid off Among other things, restructuring was done to manage the current and future commerce market conditions.

Meanwhile, Haje Believes you need the Perfect summary slide to your pitch deck and has found them for you (requires TechCrunch subscription).

We have three more:

How to respond to a VC asking about your startup’s valuation

A VC will undoubtedly ask you about your valuation expectations. If your answer is too high, it is a red flag. However, a low figure undervalues the company.

“We’re letting market price this round” is a good answer, but only if other investors have already provided substantial data points.

Fisher said, “If that’s all your saying, it could also be taken to mean ‘we don’t have a clue’ or ‘we’ll take what is given’.”

Instead of entering cold, he recommends that founders pre-pitch investors from their next rounds and use the takeaways from those conversations as a guide to shaping current valuations.

Fisher provides examples of questions that “you should ask every VC you meet” and other tips to help “when they answer the valuation question.”

Three more from the TC Team:

TechCrunch Our membership program helps founders and startups get ahead of the game. Register here. For a 15% discount on your annual subscription, use code “DC”

Big Tech Inc.

We are here to learn that crypto news publication has been published The Block received significant, but unrestricted, loans Sam Bankman-Fried, former CEO of FTX, has taken over the role as chief revenue officer at Alameda Research. Therefore, CEO Michael McCaffrey has resigned and Bobby Moran, chief revenue officer of the company, has taken the role. Jacquelyn And Alex Write, it will take time to fix the conflict of interest, if at all possible.

We wait for the Federal Trade Commission’s response. Activision news: Microsoft’s fate, Kyle The cloud services giant acquired Lumenisity, a startup, High-speed cables are being developed for data transmission.

Three more for you:

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