🤑 Investing Updates (Feb 23)
This Thursday's top stories for online entrepreneurs turned investors, with updates on the markets, online business, real estate, startups, and crypto.
US stocks dropped this week after Fed minutes revealed unanimity over the need for further rate hikes to curb inflation, but the S&P has fought back to the green today.
Global debt sees its first annual drop since 2015, driven entirely by wealthier countries.
Chart of the day
ONLINE BUSINESS UPDATE
Centurica’s free MarketWatch tool, which enables you to set up email alerts to see new listings before anyone else, has been improved. You can now filter by SBA Pre-qualified Only or Boopos Pre-qualified Only, as well as exclude certain brokers.
Richard Patey inwrote about the opportunity for website owners to create editorial newsletters in a way where the newsletter itself can become its own business, and pre-launched The Newsletter Is The Business.
Better check them out now ⬇️
A niche leader in the outdoor recreation space, monetized through ads and affiliate sales, with over 1.7M yearly views, 98.6% organic and direct traffic.
With an annual revenue of $1.3M, combined social following of 108K and an email list of 12K subscribers.
With diverse active revenue streams including ads and affiliate sales, 99.7% direct and organic traffic primarily from the US, and huge opportunities for optimization.
Ready to sell instead?
Tome, using AI to reimagine digital presentation and storytelling, raised a $43M Series B led by Lightspeed Venture Partners.
Klarna, offering payment plans for e-commerce, observed a 71% YoY increase in GMV in the U.S. in 2022, surpassing Germany as its largest market.
Kaito, building a search engine for crypto, raised a $5.3M seed round led by Dragonfly Capital.
Cypher Capital, led by ex-Binance M&A Chief is looking to raise over $100M for a new web3 VC fund.
Circle listed a euro-backed stablecoin on Coinbase.
BlackRock started a Metaverse-themed ETF.
REAL ESTATE UPDATE
Bloomberg revealed that the commercial real estate market has frozen, with bond sales declining 85% YoY.
Grant Cardone believes investors will create enough demand to prevent the market from crashing, stepping in to buy single-family homes at lower prices and with less competition.
Den, an ex Wework director’s prop-tech startup, raised $3M in venture funding co-led by Gutter Capital and Crossbeam Ventures Partners. Den provides customizable architectural plans and end-to-end construction management.
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