Etsy asks, ‘how do you do, fellow kids?’ with $1.6 B Depop purchase

Etsy asks, ‘how do you do, fellow kids?’ with $1.6 B Depop purchase

Why is Etsy willing to pay more than 23x Depop’s 2020 earnings? It is purchasing Gen Z love. At $70 million in 2020 income, Depop is being valued at a several of 23.2 x of the previous year’s leading line. The category of e-commerce carried out well throughout the pandemic, implying that Depop’s non-pandemic growth rate would have been lower than what it ultimately recorded.

FloorFound is bringing online return and resale to direct to customer furnishings organizations

FloorFound is bringing online return and resale to direct to customer furnishings organizations

Over the next 5 years customers will return an estimated 40 million to 50 million furniture pieces that more than likely will end up in landfills, developing lots of unnecessary waste, according to Chris Richter, the creator of a new Austin-based furniture start-up, FloorFound. To reduce that waste, and give sellers another alternative for […] To reduce that waste, and give sellers another choice for their utilized items, Richter has actually launched FloorFound. The company is developed to handle furnishings returns and resale for online merchants. FloorFound is tackling this challenge with a group tailor-made for the task: Chris Richter, Ryan Matthews and Shannon Hardt have backgrounds covering supply chain, e-commerce, enterprise and delivery software application. …

Unicorn rodeo: 6 high-flying start-ups that are set to go public

Unicorn rodeo: 6 high-flying start-ups that are set to go public

This week Airbnb revealed that it has privately filed to go public, putting the popular unicorn on a path to a quick IPO if it desires. The recent move matches reporting suggesting that the home-sharing upstart might yet go public in 2020 in spite of the collapse of the travel market. The Exchange checks out startups, markets and […] Airbnb is not the only venture-backed business of note that is looking to go public at the minute, or that has independently submitted to go public. So, this morning, let’s gather a digest of each unicorn that has submitted privately, is expected to debut soon, or may go public in the next year or two. Airbnb’s Q2 profits fell by at least 67% from $1 billion or more to $335 million in the period, per Bloomberg. …