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🤑 Investing Updates (Mar 2)

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🤑 Investing Updates (Mar 2)

This Thursday's top stories for online entrepreneurs turned investors, with updates on the markets, online business, real estate, startups, and crypto.

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Mar 2
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🤑 Investing Updates (Mar 2)

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MARKETS UPDATE

  • Entire US treasury market now yields at least 4%.

  • Home foreclosures are ticking back up.

  • Mortgage demand from homebuyers drops to a 28-year low…

Chart of the day

Twitter avatar for @NickTimiraos
Nick Timiraos @NickTimiraos
Applications for mortgages to purchase homes tumbled again last week and are down 44% year-over year. The average 30-year fixed-rate mortgage rose to 6.7% last week, according to the Mortgage Bankers Association mba.org/news-and-resea…
Image
Image
1:30 PM ∙ Mar 1, 2023
471Likes102Retweets

ONLINE BUSINESS UPDATE

  • Nate at Centurica dropped another graph showing the total market listing value. Q3 of 2021 stands out as a watershed moment, where strong new listing value was matched by a strong sold percentage, propelling the market to its highest quarterly valuation. However, Q4 of 2022 however saw the lowest market value since Q1 of 2020:

No alternative text description for this image
  • Following on from last week’s update on Nick Eubanks joining Semrush as Head of Digital Asset Acquisition, investing.io community member Matthew Howells-Barby announced that Semrush had just acquired his Traffic Think Tank SEO training & private community:

Twitter avatar for @matthewbarby
Matthew Howells-Barby Ξ mhb.eth @matthewbarby
Some exciting personal news: @semrush has just acquired Traffic Think Tank. It's been a heck of a journey since late 2017, bootstrapping the business, seeing crazy growth, and exiting to a public company that I admire. More info linked 🙂 semrush.com/news/semrush-a…
semrush.comSemrush NewsroomSemrush acquires Traffic Think Tank, a leading marketing education company and community
9:55 PM ∙ Feb 22, 2023
149Likes9Retweets
  • Acquire Websites
    tracked 38 new content site marketplace listings this week.


Sponsored Ad

Market slowdown? These five businesses just sold for 4x or more…

Some are reporting a slowdown. Others are not. As the #1 marketplace to buy & sell online businesses, Flippa has been trying to make sense of it.

Overall marketplace value for the 6-month period Sep to Feb 23, against the prior 6-month period, is up 19% with February peaking to $153MM. Similarly, the number of units listed (priced between $10k and $5MM) is also up 19% when compared to the prior 6-month period. Owners are active and selling.

Buyer demand looks steady too and deals are getting done. Acquisition entrepreneurs are now being joined by a larger volume of Family Offices and PE firms looking to capitalize. These five deals recently achieved 4x+ multiples:

  • A marketplace for influencers achieved a 22x net profit multiple to sell for AUD $4MM. 

  • A marketing agency achieved a 5x net profit multiple to sell for USD $2.7MM

  • An options trading subscription business sold for 4x net profit to sell for USD1.6MM

  • A college mentorship and consulting platform sold for 4x net profit for USD $385K

  • A marketplace for tours and tickets sold for 5.2x net profit for USD $441K

Have a business you want to buy or sell?

Flippa has a new origination service…

Send Flippa an email for details


STARTUPS UPDATE

  • Cloud storage platform Impossible Cloud raised a $7.5M seed round led by HV Capital.

  • Zarta, a creator platform focused on pay-per-view video content, raised a $5.7M seed round led by a16z.

  • Generative AI startup Typeface emerged from stealth mode with an oversubscribed $65M funding round.


CRYPTO UPDATE

  • The liquid staking protocol ether.fi, raised $5.3M in funding led by North Island Ventures.

  • Fan token project Chiliz announced a $50M incubator and accelerator program for early-stage blockchain projects.

  • Investors have pulled ~$6B out of Binance's stablecoin following regulatory crackdown.


REAL ESTATE UPDATE

  • Property management software platform Renter Insight exits beta.

  • Nuveen Real Estate invested in a vertically integrated self-storage platform, MyPlace.

  • MSCI Real Assets reported that apartment sales volume plunged 71% YoY in January to $6.2B.


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Not financial, investing or tax advice. This newsletter is strictly for information, entertainment and education purposes. Nothing in here is investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your professional advisors. Do your own research.

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🤑 Investing Updates (Mar 2)

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