Buying equity after being laid off?

My wife was laid off. She has worked with the company for 5 years and was able to fully vest about .3% (1/3rd of 1%) of the company as an undiluted % of the total.

This company is not a unicorn, but has revenue, funding to keep operating for a while and some good wins, but not breakout product market fit.

We are trying to estimate the tax impact as well as possible outcomes at different levels of success.

Is there a good guide for what we can legally compel the company to share? I.e. what must they provide? (I’m interested in basic information like the fair market value of the equity, but also more detailed information like financials)

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Startups – Rapid Growth and Innovation is in Our Very Nature!

Post COVID-19: Recession, The Survival Of Msmes And Consumers’ Dwindling Buying Power – Modern Ghana

Post COVID-19: Recession, The Survival Of Msmes And Consumers’ Dwindling Buying Power  Modern Ghana
“nigeria startups when:7d” – Google News

How this European startup is trying to make buying cars online as easy as smartphones?

In today’s world, a car is an important mode of transport, especially in post-COVID era where people are advised to use personal transport instead of hopping on public transport for the daily commute. This is where used car startup Cazoo based in the UK has come up with a solution. It promotes car buying confidence and is all set to disrupt the used car market.

Cazoo is now a unicorn!

As Cazoo has made buying cars online hassle-free and convenient, it has transformed the way users buy used cars. And, as a result, this fast-growing digital business has joined the list of unicorns within a short time span. Cazoo becomes the fastest British business to have reached the coveted and rare unicorn status.

Alex Chesterman OBE, Founder & CEO of Cazoo said, “We have an amazing team who are dedicated to reinventing the used car buying experience by providing the best selection, value, quality, and convenience for UK car buyers. Despite the current challenges many businesses are facing, Britain remains a market leader for talent and innovation and a great place to start a business.”

How does Cazoo work?

Cazoo aims to transform the way people buy used cars by providing them better selection, convenience, value, and quality. It intends to make car buying as simple as buying any other product online. Once you make a buying decision, you can get the car delivered to your doorstep in as quickly as 72 hours.

You can search for the right car and complete the purchase right from the comfort of your home and a convenient way. The marketplace assures that you get your hands on high-quality used cars as all the vehicles that it lists are fully reconditioned.

Additional add-ons for your benefit

Besides delivering high-quality cars, all the cars that are listed on Cazoo are priced competitively and transparently. There isn’t any hidden cost or fees, touts the unicorn. It offers the best price for the car upfront thereby helping you save money. Also, Cazoo provides free home delivery by one of its qualified delivery specialists. In addition to high-quality used cars at competitive price points, you will also get a free 90-day warranty along with RAC roadside assistance, a 7-day Money Back Guarantee, and a 7-day free driveaway insurance.

The UK-based used car marketplace lists hundreds of models from numerous makes that are available at any time. Each car that they sell are touted to be checked thoroughly checked and subjected to a recent service. Furthermore, this marketplace lists the number of previous owners and doesn’t sell cars with insurance issues or outstanding finance.

Picture credits: Cazoo

Who’s behind Cazoo?

Cazoo is the brainchild of Alex Cheterman, who also founded Zoopla in 2018. He is one of the leading digital entrepreneurs in the UK. In 2003, he co-founded LoveFilm, which brought a transformation in the DVD rental market in the UK. Later, in 2008, he came up with Zoopla, which brought transparency and efficiency in the proptech market.

Later, Darren Bentley from MoneySuperMarket joined the company as the Chief Customer Officer to make Cazoo a household name in the UK. The other notable names behind the success of this UK-based user car marketplace are Paul Whitehead (Chief Commercial Officer) who was with ZPG Plc as the Chief Strategy Officer. Next in the list is Piers Stobbs, the Chief Data Officer, who joined Cazoo from MoneySuperMarket. Then, there is Ned Staple, the General Counsel again from ZPG Plc.

Recently, the company roped in Fern Wake (Chief of Operations), who was the Chief Operating Officer at Farmdrop. And, Stephen Morana (Chief Financial Officer) joined Cazoo. The company has a great team of over 300 staff who are passionate about delivering great customer experiences.

Paul Whitehead, Chief Commercial Officer of Cazoo said: “We are delighted to welcome Fern to the Cazoo team. Her extensive operations and logistics experience will add real value to the team and ensure we deliver on our promise to make buying a used car no different than buying any other product online today and that our customers love the process of buying a used car as much as they love the car itself.”

Secures €28M in latest round

In a recent move, Cazoo bagged £25 million (nearly €28 million) funding led by new investor Draper Esprit along with existing investors DMG Ventures and General Catalyst. With this investment, the total funding raised by the company goes to €245 million, which positions it among the best-funded UK tech companies ever.

Recently, the company announced that it would be the new shirt sponsor of Premier League football Club, Everton from the start of next season. This marketing campaign is touted to accelerate the shift of online car buying in the UK.

COVID-19 spiked Cazoo’s growth?

While the COVID-19 outbreak has left a dent on many businesses, Cazoo seems to have witnessed unexpected growth during the crisis. Over the past few weeks, the company has witnessed record sales levels although the number of cars sold during the lockdown remains unknown. As people prefer commuting in their own vehicle as the lockdown is easing out, it works out for those who want used cars. Also, it lets them avoid public or shared transportation so that they are not exposed to the virus.

Moreover, Cazoo takes special safety measures for customers. The company’s website notes that all the cars they sell are thoroughly sanitised and the handovers are made at a safe distance to adhere to the new normal. Given that people avoid going out unnecessarily, the COVID-19 pandemic appears to have made things it rosier for the online used car marketplace.

What do you think about the online used car marketplace? Does this idea interest you? Do share your thoughts with us.

Main image picture credits: Cazoo

The post How this European startup is trying to make buying cars online as easy as smartphones? appeared first on Silicon Canals .

Startups – Silicon Canals

How this European startup is trying to make buying cars online as easy as smartphones?

In today’s world, a car is an important mode of transport, especially in post-COVID era where people are advised to use personal transport instead of hopping on public transport for the daily commute. This is where used car startup Cazoo based in the UK has come up with a solution. It promotes car buying confidence and is all set to disrupt the used car market.

Cazoo is now a unicorn!

As Cazoo has made buying cars online hassle-free and convenient, it has transformed the way users buy used cars. And, as a result, this fast-growing digital business has joined the list of unicorns within a short time span. Cazoo becomes the fastest British business to have reached the coveted and rare unicorn status.

Alex Chesterman OBE, Founder & CEO of Cazoo said, “We have an amazing team who are dedicated to reinventing the used car buying experience by providing the best selection, value, quality, and convenience for UK car buyers. Despite the current challenges many businesses are facing, Britain remains a market leader for talent and innovation and a great place to start a business.”

How does Cazoo work?

Cazoo aims to transform the way people buy used cars by providing them better selection, convenience, value, and quality. It intends to make car buying as simple as buying any other product online. Once you make a buying decision, you can get the car delivered to your doorstep in as quickly as 72 hours.

You can search for the right car and complete the purchase right from the comfort of your home and a convenient way. The marketplace assures that you get your hands on high-quality used cars as all the vehicles that it lists are fully reconditioned.

Additional add-ons for your benefit

Besides delivering high-quality cars, all the cars that are listed on Cazoo are priced competitively and transparently. There isn’t any hidden cost or fees, touts the unicorn. It offers the best price for the car upfront thereby helping you save money. Also, Cazoo provides free home delivery by one of its qualified delivery specialists. In addition to high-quality used cars at competitive price points, you will also get a free 90-day warranty along with RAC roadside assistance, a 7-day Money Back Guarantee, and a 7-day free driveaway insurance.

The UK-based used car marketplace lists hundreds of models from numerous makes that are available at any time. Each car that they sell are touted to be checked thoroughly checked and subjected to a recent service. Furthermore, this marketplace lists the number of previous owners and doesn’t sell cars with insurance issues or outstanding finance.

Picture credits: Cazoo

Who’s behind Cazoo?

Cazoo is the brainchild of Alex Cheterman, who also founded Zoopla in 2018. He is one of the leading digital entrepreneurs in the UK. In 2003, he co-founded LoveFilm, which brought a transformation in the DVD rental market in the UK. Later, in 2008, he came up with Zoopla, which brought transparency and efficiency in the proptech market.

Later, Darren Bentley from MoneySuperMarket joined the company as the Chief Customer Officer to make Cazoo a household name in the UK. The other notable names behind the success of this UK-based user car marketplace are Paul Whitehead (Chief Commercial Officer) who was with ZPG Plc as the Chief Strategy Officer. Next in the list is Piers Stobbs, the Chief Data Officer, who joined Cazoo from MoneySuperMarket. Then, there is Ned Staple, the General Counsel again from ZPG Plc.

Recently, the company roped in Fern Wake (Chief of Operations), who was the Chief Operating Officer at Farmdrop. And, Stephen Morana (Chief Financial Officer) joined Cazoo. The company has a great team of over 300 staff who are passionate about delivering great customer experiences.

Paul Whitehead, Chief Commercial Officer of Cazoo said: “We are delighted to welcome Fern to the Cazoo team. Her extensive operations and logistics experience will add real value to the team and ensure we deliver on our promise to make buying a used car no different than buying any other product online today and that our customers love the process of buying a used car as much as they love the car itself.”

Secures €245M in latest round

In a recent move, Cazoo bagged £25 million (nearly €27.6 million) funding led by new investor Draper Esprit along with existing investors DMG Ventures and General Catalyst. With this investment, the total funding raised by the company goes to €245 million, which positions it among the best-funded UK tech companies ever.

Recently, the company announced that it would be the new shirt sponsor of Premier League football Club, Everton from the start of next season. This marketing campaign is touted to accelerate the shift of online car buying in the UK.

COVID-19 spiked Cazoo’s growth?

While the COVID-19 outbreak has left a dent on many businesses, Cazoo seems to have witnessed unexpected growth during the crisis. Over the past few weeks, the company has witnessed record sales levels although the number of cars sold during the lockdown remains unknown. As people prefer commuting in their own vehicle as the lockdown is easing out, it works out for those who want used cars. Also, it lets them avoid public or shared transportation so that they are not exposed to the virus.

Moreover, Cazoo takes special safety measures for customers. The company’s website notes that all the cars they sell are thoroughly sanitised and the handovers are made at a safe distance to adhere to the new normal. Given that people avoid going out unnecessarily, the COVID-19 pandemic appears to have made things it rosier for the online used car marketplace.

What do you think about the online used car marketplace? Does this idea interest you? Do share your thoughts with us.

Main image picture credits: Cazoo

The post How this European startup is trying to make buying cars online as easy as smartphones? appeared first on Silicon Canals .

Startups – Silicon Canals

Nigeria: Post COVID-19 – Recession, the Survival of MSMEs and Consumers’ Dwindling Buying Power – AllAfrica.com

Nigeria: Post COVID-19 – Recession, the Survival of MSMEs and Consumers’ Dwindling Buying Power  AllAfrica.com
“nigeria startups when:7d” – Google News

Post COVID-19: Recession, the survival of MSMEs and consumers’ dwindling buying power – THISDAY Newspapers

Post COVID-19: Recession, the survival of MSMEs and consumers’ dwindling buying power  THISDAY Newspapers
“nigeria startups when:7d” – Google News

Buying a .studio worth it?

We are building a startup based on platform business model which is related to filmmaking, I have few company names in mind but .com TDLs are not available (but not being used by anyone actively) so thinking to buy .studio version(related to my business)

Is it worth or shall I come up with new words to get the .com domain?

Thanks

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Startups – Rapid Growth and Innovation is in Our Very Nature!

[Zoomcar in Business Insider India] Zoomcar CEO is betting on people not taking Uber and Ola⁠— and not buying cars in a hurry

Self-drivedrive mobility startup Zoomcar’s business was shut for two whole months because of the coronavirus lockdown. But as normalcy slowly returns, even before its business as usual, Zoomcar CEO Greg Moran is betting on a 200-300% surge in demand compared to the lockdown period.

Read more here.

The post [Zoomcar in Business Insider India] Zoomcar CEO is betting on people not taking Uber and Ola⁠— and not buying cars in a hurry appeared first on OurCrowd.

OurCrowd

Zynga acquires Turkey’s Peak Games for $1.8B, after buying its card games studio for $100M in 2017

Today, some news of a huge acquisition out of Turkey that represents the first billion-dollar-plus exit for a startup out of the country. Social gaming company Zynga confirmed that it is buying Istanbul-based Peak Games, the company behind popular Candy-Crush-style mobile gaming apps Toon Blast and Toy Blast, for $ 1.8 billion — $ 900 million in cash, and $ 900 million in Zynga shares.

Interestingly, this is the second time that Zynga has made a Peak Games acquisition. In 2017, it purchased the company’s mobile card games business for $ 100 million (more on that below).

The news caps off a short period of speculation about an upcoming deal, with local tech publications like Webrazzi calling the sale (and correct price) last month.

Peak’s investors had included European VCs Earlybird and Hummingbird Ventures — both active backers of startups in emerging markets in the region — and Endeavor Global (the nonprofit that invests via its Endeavor Catalyst fund). Sidar Sahin, the founder and CEO, had been the company’s biggest shareholder.

As with all M&A in the world of gaming, Zynga is getting a couple of big gains out of this sale.

The first is picking up two very popular titles/franchises that it doesn’t have do develop from scratch (in hopes of investing R&D budget in what it hopes but can’t guarantee will be a hit). Toon Blast and Toy Blast together total more than 12 million DAUs. And on top of that, those two games are some of the highest-grossing among all in Apple’s App Store, ranking among the top-10 and top-20 games in the past two years, Zynga noted in its announcement.

It’s not just about adding popular games content, but expanding Zynga’s advertising business as well. Significantly, Peak Games’ primary users are outside of Zynga’s home market of the US, representing a real growth opportunity for the company to cross-sell other games. Zynga says that bolting on Peak’s games network to its own will boost its number of mobile daily active users by 60%, which mean a lot of scaling up for its ad network.

Of course, sustaining both of those titles and their respective franchises as hits for the long run is not a given — the world of gaming regularly sees blockbusters fizzle out when the next big thing comes along — although these “forever franchises” with their steady popularity have a strong play to be exactly that.

However, the long play is also where the third big asset comes in: talent. Peak has 100 employees working on its current franchises and other games. So while the back ends (and revenues) may be getting combined, Zynga says Peak’s people will stay put and continue to work under the Peak brand on the existing franchises as well as on new projects that are already in development.

Zynga says the deal will close in the third quarter of 2020, and it’s updated its guidance already on the news, sending its stock up more than 5% in pre-market trading. Specifically, Zynga today said it believes the deal will bump up revenues by $ 40 million for the year, to $ 1.840 billion.

A startup so nice, Zynga bought it twice

The deal is notable not just because of what it’s adding to Zynga today, but because it highlights some interesting history between the two companies.

Back in November 2017, Zynga acquired one division of Peak Games, its mobile card games studio, for $ 100 million in cash.

The deal included games like Spades Plus and Gin Rummy Plus, respectively the largest spade and rummy mobile games in the world at the time; and games that were popular in Peak’s home market, 101 Okey Plus and Okey Plus. And according to analysis from Apptopia, it looks like Zynga was set to recoup the money it paid out by 2019, meaning that business is now profitable.

The remainder of Peak Games is another story. If Zynga tried to buy the whole business two years ago, it might have been that Peak was reluctant to sell its remaining two titles — its own Candy Crush crushers — Toon Blast and Toy Blast for anything near $ 100 million. And with good reason, since (as Zynga itself pointed out) they went on to become some of the consistently highest-grossing games in all of the App Store.

In the intervening period, Zynga tried to create its own rivals, namely Wonka’s World of Candy, but it’s never been as big of a hit as the others. (Apptopia’s Adam Blacker today told me, after I published this piece, that in fact Wonka’s World has made but a tiny fraction of the revenue of Peak’s titles.)

Hence, two years on, Zynga possibly finally found the “right price” for the whole of Peak Games.

“We are honored to welcome Sidar and team to Zynga. Peak is one of the world’s best puzzle game makers and we could not be more excited to add such creative and passionate talent to our company,” said Frank Gibeau, Chief Executive Officer of Zynga, in a statement. “With the addition of Toon Blast and Toy Blast, we are expanding our live services portfolio to eight forever franchises, meaningfully increasing our global audience base and adding to our exciting new game pipeline. As a combined team, we are well positioned to grow faster together.”

“This is a monumental partnership not only for Zynga and Peak, but for the whole mobile gaming industry,” said Sidar Sahin, founder and Chief Executive Officer of Peak, in a statement. “Both companies share a common vision — to bring people together through games. Peak’s culture is rooted in relentless learning and progress, so as we embark on this new chapter in our journey together with Zynga, we remain as committed as ever to our unique culture. We’re very excited for our combined future and what we will accomplish together.”

Zynga and games business strategies aside, this is also a huge deal for Turkey’s tech ecosystem.

Turkey has been a steady presence straddling both the European and MENA markets (much as Turkey’s wider economy and political presence does), but so far with little impact in terms of exits and activity that extend outside of the region.

This acquisition is a testament to the exciting companies and talent that are being developed in the market, and is of course yet another sign of how big tech companies based out of more established centres like the Bay Area will continue to take bigger leaps to tap talent ever further afield, in their ongoing consolidation push and search for both business and audience growth.

One impact of the COVID-19 pandemic has been that many are starting to see a much faster decentralisation in the world of technology. People are working remotely, and some are even planning to move away from tech hubs; and deals are getting done not in person but over videoconferencing links. This acquisition also demonstrates how that is also playing out in the world of M&A, too.

Startups – TechCrunch