Grocery delivery app Getir wraps up rival Gorillas in $1.2 billion acquisition • Zoo House News

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We made it to Friday folks. If you’re like me, that means ending the workday with a well-deserved nap and reruns of The Office. tweettoot or post me how you like to end the week.

Mark your calendar for a Twitter Space event on Tuesday, December 13 at 1pm PST/4pm EST with Builders VC Investor Andrew Chenwho speaks to Walter about the role tech reporting plays in shaping ecosystems.

Until Monday! — Christine

The Zoo House News Top 3

Startups and VCs

More layoffs this week than Ingrid reports on Primer, a UK-based e-commerce infrastructure startup, which has announced it will lay off a third of its employees as part of some restructuring to cope with current and planned commerce market conditions.

In the meantime, hey thinks you need the perfect summary slide for your pitch deck and has found one for you (requires Zoo House News+ subscription).

And we have three more for you:

How to respond when a VC asks to rate your startup

Photo credit: boschettophotography (opens in new window) / Getty Images

When a VC inevitably asks about your valuation expectations, it’s a trick question: if your answer is too high, that’s a red flag, while a low number undervalues ​​the company.

“Let’s leave the market price this round” is an appropriate response, but only if you’ve already collected extensive data points from other investors — and can respond with a few questions of your own, says Evan Fisher, founder of Unicorn Capital.

“If that’s all you say, you’re in trouble because it can also be interpreted as ‘We have no idea,’ or ‘We’ll take what’s given,'” Fisher said.

Instead of going cold, he advises founders to pre-contact investors from their next round and use the insights from those conversations to shape current valuations.

In the article, Fisher provides example questions “that you should ask every VC you speak to” along with other tips to help “when they ask the assessment question.”

Three more from the TC+ team:

Zoo House News+ is our membership program that helps founders and start-up teams differentiate themselves from the competition. Here you can sign up. Use code “DC” for 15% off an annual subscription!

BigTech Inc.

We’re open-mouthed over here after learning that crypto news publication The Block received some significant — and undisclosed — loans from former FTX CEO Sam Bankman-Fried’s firm Alameda Research. As a result, CEO Michael McCaffrey is out and Bobby Moran, the company’s Chief Revenue Officer, is taking over as Jaquelyn and Alex write, the current conflict of interest will take some time to resolve, if at all possible.

While we wait for the Federal Trade Commission to broadcast news about Microsoft’s fate with Activision, kyle writes that the cloud services giant has acquired another company, this time Lumenisity, a startup developing high-speed cables for data transmission.

And three more for you: