Equity Series B is the attention-seeking middle child of financing rounds
Mar 18, 2022
This week’s discussion dives into the impressive fundraising by Webflow, which raised nine figures at a staggering revenue multiple. The conversation highlights the importance of diversity in venture capital with All Raise's new CEO taking the reins. The hosts also explore emerging trends in investment funds, including SoftBank's shift to evergreen vehicles. Additionally, they navigate the volatile landscape of Chinese equities and the evolving crypto scene, with tantalizing updates on NFTs entering Instagram. Stay tuned for more insights and live shows ahead!
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Webflow's Success
- Webflow raised $120 million at a $4 billion valuation, led by YC, Capital G, and Excel.
- This no-code website builder is nearing $100 million ARR and expanding into enterprise solutions.
Valuation Justifications
- Doubling valuations in late-stage rounds now holds different weight than before, given the market shift. Webflow's high valuation seems justified by near $100M ARR and bootstrapped history.
All Raise's New CEO
- All Raise, a tech nonprofit promoting diversity in VC, appointed Mandela Dixon, ex-Founder Gym CEO, as its new leader.
- Dixon aims to increase diversity within All Raise and broaden their focus beyond women in aggregate.