• Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us
Sixsense News
Advertisement
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
No Result
View All Result
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
No Result
View All Result
Sixsense News
No Result
View All Result
Home Startups

I will defend the $700M fizzy water • TechCrunch

Alex Wilhelm by Alex Wilhelm
October 3, 2022
in Startups
0


Silly season is out in venture capital land.

Today investors and founders alike will bore your ears off with notes about incremental cash flow positivity and their timeline to adjusted EBITDA profitability.

Lame.

Despite the general boringness of today’s venture capital landscape, replete with conservative valuations, falling deal sizes, and clucking investors sitting atop a mountain of capital, we learned today that at least some folks are having fun.

Enter Liquid Death, a direct-to-consumer water company that just raised a $70 million round at a $700 million valuation, per Bloomberg reporting. The transaction makes Liquid Death 70% of a unicorn, which is damn impressive given the state of most DTC companies — see here — that we can track on the public market exchanges.

Why the huge price tag? Because water is a growth business, baby! Bloomberg’s Katie Roof — a former TechCruncher — writes that the company is “on track for $130 million in revenue this year,” up from $45 million worth of top line last year. That’s the sort of growth that investors covet.

Liquid Death has a few things going for it that make the deal somewhat reasonable from my perspective. Sure, it’s easy to dunk on a $700 million water startup when cheaper alternatives abound; other fizzy water brands, making your own bubbly, or drinking straight tap water like a peasant are all options.





Source link

Related articles

Pitch Deck Teardown: Transcend’s $20M Series B deck

September 22, 2023

Connectivity Boost: OnGo Alliance Leads Major FCC Policy Shift

September 22, 2023
Tags: 700MDefendfizzyTechCrunchWater

Related Posts

Pitch Deck Teardown: Transcend’s $20M Series B deck

by Haje Jan Kamps
September 22, 2023
0

If you’ve ever had to plan a large infrastructure project — like building a new section of a city or...

Connectivity Boost: OnGo Alliance Leads Major FCC Policy Shift

by Alex
September 22, 2023
0

The OnGo Alliance has led a significant enhancement in the policy regulated by the Federal Communications Commission (FCC). This move...

Pixel Pals delivers a cute and clever update that takes advantage of new iOS features

by Sarah Perez
September 22, 2023
0

Developer Christian Selig has launched an updated version of his playful Pixel Pals app that takes clever advantage of new...

Google’s Parisa Tabriz on how the company stays ahead of hackers

by Carly Page
September 22, 2023
0

Google is constantly under attack. But while hackers have compromised gaming giants, casinos, and other technology giants in recent months,...

Protect Your Online Privacy with Norton’s Secure Browser

by Alex
September 22, 2023
0

In a bid to protect consumers from browser-based security, privacy, and identity threats, Cyber Safety experts Norton, a subsidiary of...

Load More

Detroit drama: Ford goes its own way in UAW battle while auto suppliers walk a tightrope

September 22, 2023

Visa vs. Mastercard – What is the Difference?

September 22, 2023

US Senator Menendez hit with bribery charges over Egypt ties By Reuters

September 22, 2023

Pitch Deck Teardown: Transcend’s $20M Series B deck

September 22, 2023

2:00PM Water Cooler 9/22/2023 | naked capitalism

September 22, 2023

Silent Eight Aims for Nasdaq Listing by End of 2025 By Investing.com

September 22, 2023
Sixsense News

© 2022 Sixsense News All Rights Reserved.

Navigate Site

  • Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us

Follow Us

No Result
View All Result
  • #3158 (no title)
  • Business
  • Economy
  • Finance
  • Fintech
  • Insurance
  • Market
  • Startups

© 2022 Sixsense News All Rights Reserved.