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WeWork and Uber are proof valuations are meaningless – TechCrunch

Hey and welcome again to Fairness, TechCrunch’s enterprise capital-focused podcast, the place we unpack the numbers behind the headlines.
This week Kate and Alex have been again to cowl numerous late-stage information, which they rounded up with some early-stage notes in the direction of the top. As a reminder, come take a look at the present at Disrupt SF in case you are on the town, we’ll be out amongst startups, chatting all issues startups and cash.
Up high, we dug into WeWork and the newest from the corporate’s persevering with IPO saga. The query relating to the co-working firm’s public providing has modified as to if the IPO will occur this yr, not simply at what worth the agency can entice sufficient funding to truly get public.
Alex has written in regards to the firm’s money urge for food a number of occasions now, which elevate the query of how lengthy the corporate can survive with out some type of massive, exterior funding. If SoftBank is keen to commit extra capital is an open query.
Transferring alongside to Uber, the agency underwent layoffs once more this week. Greater than 400 individuals, or eight% of the operations, have been minimize as the corporate makes an attempt to streamline operations, minimize prices and, effectively, take child steps towards profitability.
Turning to the early-stage a part of the world, there’s a brand new early-stage-focused enterprise fund on the market, Work Life Ventures, which intends to place small checks into promising SaaS corporations. The agency is led by SaaS Faculty founder Brianne Kimmel, a well known angel investor within the enterprise area. Up to now she’s backed three corporations out of the fund, together with latest Y Combinator standout Tandem.
We completed off the episode with… cereal. An organization known as Magic Spoon (their web site is right here, as promised) raised $5.5 million this week for its D2C breakfast enterprise. Our take is that the value level is a bit too excessive for consolation in its present iteration. It’ll be fascinating to see if the startup can decrease its costs now that it has new capital.
We’ll be again in every week! Chat quickly, and please cease telling us to turn into angel traders!

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