The article discusses various startup and venture capital news. Here are some of the key points:
- Funding and Layoffs: Roofstock, a proptech startup, laid off 27% of its staff for the second time in less than two quarters due to the housing market slowdown.
- Investment Strategy: Indian investors explained how their investment strategy has changed since 2021, with a focus on making safer bets and ensuring portfolio companies have enough runway to last through the downturn.
- HR Unicorns: HR tech unicorns like Deel, Velocity Global, Gusto, and Ripple are growing rapidly and may be among the first to go public when the IPO market reopens.
- Crypto Regulation: Coinbase’s CEO expressed frustration with the SEC’s regulatory approach, stating that there is a lack of precedent for applying century-old laws to the crypto economy.
- Kream and Roofstock Valuations: Kream, an Indian e-commerce startup, raised $25 million at a valuation of $150 million, while Roofstock was valued at $1.9 billion just a year ago before laying off 27% of its staff.
Additionally, the article mentions various other news stories, including:
- Etoro is considering a $5B US IPO in 2025.
- Anduril is building a billion-dollar weapons megafactory in Ohio.
- Social media platforms are exploring alternatives to TikTok, with Mark Cuban expressing interest in funding a TikTok alternative built on Bluesky’s AT Protocol.
- Goldman Sachs’ David Solomon advised startups to reconsider going public due to market conditions.
