Daily Crunch: Grocery delivery app Getir cradles rival Gorillas in $1.2 billion takeover

We arrived on Friday, friends. If you’re like me, that means ending the workday with a well-deserved nap and reruns of The Office. cheapcall me or send me an email to see how you want to end the week.

Mark your calendar one Twitter space event Tuesday, December 13 at 1PM PST/4PM EST with Builders VC Investor another chenwho are you going to talk to walter about the role technology reports play in shaping ecosystems.

I see you Monday! 🇧🇷 Kristina

TechCrunch’s Top 3 Startups and VCs

More layoffs this week like Ingrid reports on Primer, a UK-based e-commerce infrastructure startup, which has announced it will lay off a third of its workforce as part of a restructuring to address current and planned conditions in the merchant market.

About that, hahaha You think you need the perfect summary slide for your presentation and you’ve found one for yourself (TechCrunch+ subscription required).

And we have three more for you:

How to respond when a VC asks for your initial review

Photo credit: boschettophotography (opens in new window) / Fake Pictures

When a VC inevitably asks about your valuation expectations, it’s a trick question: if your answer is too high, that’s a warning sign, while a low number is underestimating the company.

“We’ll pick the market price this round” is an appropriate answer, but only if you’ve already gathered extensive data from other investors and can respond with a few questions of your own, says Unicorn founder Evan Fisher. Capital city.

“If that’s all you’re saying, you’re in trouble because it could also be interpreted as ‘We have no idea’ or ‘We’ll take what they give us,'” Fisher said.

Rather than lose control, he advises founders to suggest investors for the next round and use the insights from those conversations to shape current valuations.

In the article, Fisher provides sample questions “you should ask every VC you talk to,” along with other tips to help “when they ask the assessment question.”

Three more from the TC+ team:

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big tech inc.

We’re here with our mouths open to learn that crypto news publication The Block has received some significant – and undisclosed – loans from former FTX CEO Sam Bankman-Fried’s Alameda Research firm. As a result, CEO Michael McCaffrey steps down and Bobby Moran, the company’s chief revenue officer, takes over. jaquelyn Y Alex write, then, if possible, take the time to resolve the current conflict of interest.

While we wait for the Federal Trade Commission to update us on Microsoft’s fate with Activision, Kyle writes that the cloud service provider has acquired another company, this time Lumenisity, a startup that develops high-speed cables for data transmission.

And three more for you:

Source: La Neta Neta

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