The Flowlie Times #11
Q2 results (lots of them), Stripe valuation update, Celsius bankruptcy, and more!
Hi Friends,
This is Mike from Flowlie. This bi-weekly newsletter includes the top articles about VC & PE, ranging from operations, tech, and tax advice to trends, notable guides, and news on recent capital raises.
We hope you enjoy it and find some value! If you do, make sure to share it with a friend.
Today's reads
Q2 results are in! Time for celebration… of wait… not so fast.
First, three reports by PitchBook (sadly, not getting any commission for promoting them):
US venture capital trends in five charts (let’s be honest - everyone loves charts): capital investment tempers, seed valuations, founder-friendliness of VC market, nontraditional investor participation, and billion-dollar funds.
Q2 2022 PitchBook-NVCA Venture Monitor - and here is a more detailed breakdown of the five trends from above.
PitchBook Analyst Note: Insights into LPs' Approach to 2022's Market Challenges.
Finally, a 329-page (!) State of Venture Q2’22 Report. If you have a question about the state of venture capital, the answer is probably in it. Everything from region comparisons to unicorns analysis to much more!
News from venture
Reportedly, Stripe reduced its internal valuation from $95B to $74B - which is still a lot of money if you ask me.
A victim of the crypto crash (and, as some might say, its own business model) - Lender Celsius Network - files for bankruptcy. Will the depositors see their money? Time will tell.
Finally, Pulley gets backing from Founders Fund on its mission to “help companies make better decisions about equity”. As of now, Pulley is quite successful - “the company now works with over 1,700 companies, and revenue tripled in the last year.”
Flowlie feature highlight
Today’s highlight is about… our website. We recently rolled out a massive update to our website. Better value communication, great graphics, comparison pages, and much more!
We are proud of all the work we put in. And we hope you check it out by clicking the link below.
As always, feel free to email us with any questions. We are glad to chat!
Thank you,
Mike from Flowlie