Twitter deal updates, Poshmark acquired, Liquid Death's $700M valuation & more | E1577
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 4 October 2022
⏱️ 61 minutes
🧾️ Download transcript
Summary
First J+M say as much as they can about the Twitter news (2:03), before breaking down Poshmark being acquired by Naver (6:38). Then, they break down Liquid Death's $700M valuation (34:05) and Selena Gomez raising at a $100M valuation for her pre-revenue mental health startup. (46:05)
(0:00) J+M tee up today's topics!
(2:03) Elon Musk proposes closing the Twitter deal at the agreed-upon price of $54.20/share
(6:38) Poshmark acquired by Naver
(15:50) Vanta - Get $1000 off your SOC 2 at https://vanta.com/twist
(17:06) The booming "circular economy" space, Naver's acquisition thesis, "Goodwill Finds", Google's circular economy program
(26:54) Squarespace - Use offer code TWIST to save 10% off your first purchase of a website or domain at https://Squarespace.com/TWIST
(28:17) Jason's ideas for a circular economy startup
(34:05) Liquid Death raises $70M at a $700M valuation, on pace for ~$130M revenue in 2022
(38:43) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist
(40:06) Importance of branding and packaging in CPG
(46:05) Selena Gomez raises $5M at a $100M valuation from Serena Williams VC firm for her startup Wondermind, mental health startup space
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Transcript
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| 0:00.0 | All right, big show today. |
| 0:01.1 | What's in the news, Molly? |
| 0:02.6 | Nothing. |
| 0:03.6 | Nothing. |
| 0:04.4 | Not a lot. |
| 0:05.3 | I mean, there's like one big acquisition story. |
| 0:07.3 | Is there an acquisition story? |
| 0:08.2 | I love M&A. |
| 0:09.1 | We're my friends. |
| 0:10.2 | What do we got? |
| 0:11.2 | Yeah, that's where we're going. |
| 0:12.2 | That's where we're going to go with that one. |
| 0:13.2 | Yeah, maybe a little bit of the other thing. |
| 0:15.8 | You're kidding. |
| 0:16.8 | Also, there's breaking news right while we're on air |
| 0:18.9 | that the Twitter deal is going to go through apparently. |
| 0:22.1 | So we'll talk about that to the extent we can. |
| 0:24.7 | I got a tiptoe along the third row, as it were. |
| 0:28.3 | Definitely are. |
| 0:29.3 | We're going to talk about circular economy startups |
| 0:31.8 | and their exits and their incubation at Google. |
| 0:35.8 | It's getting really interesting out there |
... |
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