Home / Mobile / Online marketplace OfferUp raises $120M, acquires top competitor letgo

Online marketplace OfferUp raises $120M, acquires top competitor letgo


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Franceu2019s Ministry of State for Digital Affairs Cu00e9dric O and public investment bank Bpifrance announced a comprehensive support plan for startups this morning. Some French startups are going to face revenue issues as well as funding issues in the coming months. The French government wants to temporarily bridge that gap with refinancing and liquidity measures […]n”,”protected”:false,”author”:7636871,”featured_media”:1965152,”comment_status”:”open”,”ping_status”:”closed”,”sticky”:false,”template”:””,”format”:”standard”,”meta”:”outcome”:””,”status”:””,”crunchbase_tag”:0,”amp_status”:””,”relegenceEntities”:[],”relegenceSubjects”:[],”jetpack_publicize_message”:”France announces $4.3 billion plan to support startups https://tcrn.ch/2JquVTv by @romaindillet”,”categories”:[449557100,13217,20429],”tags”:[172157655,576649367,576734528,576740177,214043227],”crunchbase_tag”:[],”tc_stories_tax”:[],”tc_event”:[],”jetpack_featured_media_url”:”https://techcrunch.com/wp-content/uploads/2020/03/GettyImages-1193823853.jpg”,”jetpack_publicize_connections”:[],”shortlink”:”https://tcrn.ch/2JquVTv”,”rapidData”:”pt”:””,”pct”:””,”featured”:false,”subtitle”:””,”fundingRound”:false,”seoTitle”:””,”seoDescription”:””,”premiumContent”:false,”premiumCutoffPercent”:1,”tc_cb_mapping”:[“slug”:”bpifrance”,”cb_name”:”Bpifrance”,”cb_slug”:”bpifrance-organization”,”cb_link”:”https://crunchbase.com/organization/bpifrance”],”associatedEvent”:null,”event”:null,”authors”:[7636871],”hideFeaturedImage”:false,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts/1965151″],”collection”:[“href”:”https://techcrunch.com/wp-json/wp/v2/posts”],”about”:[“href”:”https://techcrunch.com/wp-json/wp/v2/types/post”],”replies”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/comments?post=1965151″],”version-history”:[“count”:6,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/1965151/revisions”],”predecessor-version”:[“id”:1965212,”href”:”https://techcrunch.com/wp-json/wp/v2/posts/1965151/revisions/1965212″],”authors”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/7636871″],”https://techcrunch.com/edit”:[“href”:”https://techcrunch.com/wp-admin/post.php?post=1965151&action=edit”],”author”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/tc/v1/users/7636871″],”wp:featuredmedia”:[“embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/media/1965152″],”wp:attachment”:[“href”:”https://techcrunch.com/wp-json/wp/v2/media?parent=1965151″],”wp:term”:[“taxonomy”:”category”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/categories?post=1965151″,”taxonomy”:”post_tag”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tags?post=1965151″,”taxonomy”:”_tc_cb_tag_taxonomy”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/crunchbase_tag?post=1965151″,”taxonomy”:”tc_stories_tax”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_stories_tax?post=1965151″,”taxonomy”:”tc_event”,”embeddable”:true,”href”:”https://techcrunch.com/wp-json/wp/v2/tc_event?post=1965151″],”curies”:[“name”:”wp”,”href”:”https://api.w.org/rel”,”templated”:true],”_embedded”:{“authors”:[“id”:7636871,”name”:”Romain Dillet”,”url”:”https://twitter.com/romaindillet”,”description”:”Romain Dillet is a Senior Writer at TechCrunch.rnrnOriginally from France, Romain attended EMLYON Business School, a leading French business school specialized in entrepreneurship. He covers many things from mobile apps with great design to fashion, Apple, AI and complex tech achievements. He also speaks at major tech conferences. He likes pop culture more than anything in the world.rnrnHe now lives in Paris when heu2019s not on the road. He used to live in New York and loved it.”,”link”:”https://techcrunch.com/author/romain-dillet/”,”slug”:”romain-dillet”,”avatar_urls”:”24″:”https://secure.gravatar.com/avatar/2e71de62bf8a99d74a58f1546494fe82?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/2e71de62bf8a99d74a58f1546494fe82?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/2e71de62bf8a99d74a58f1546494fe82?s=96&d=identicon&r=g”,”links”:”twitter”:”https://twitter.com/romaindillet”,”linkedin”:”https://www.linkedin.com/in/romaindillet/”,”crunchbase”:”https://www.crunchbase.com/person/romain-dillet”,”position”:”Senior Writer”,”cbDescription”:”

Romain Dillet is a Senior Writer at TechCrunch.nn

Originally from France, Romain attended EMLYON Business School, a leading French business school specialized in entrepreneurship. He covers many things from mobile apps with great design to privacy, security, fintech, Apple, AI and complex tech achievements. He also speaks at major tech conferences. He likes pop culture more than anything in the world.nn

He now lives in Paris when he’s not on the road. He used to live in New York and loved it.nn

He owns small amounts of various cryptocurrencies.”,”cbAvatar”:”https://crunchbase-production-res.cloudinary.com/image/upload/v1474198996/bdaopvsaapmuniwou7l2.jpg”,”twitter”:”romaindillet”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users/7636871″],”collection”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users”]],”author”:[“id”:7636871,”name”:”Romain Dillet”,”url”:”https://twitter.com/romaindillet”,”description”:”Romain Dillet is a Senior Writer at TechCrunch.rnrnOriginally from France, Romain attended EMLYON Business School, a leading French business school specialized in entrepreneurship. He covers many things from mobile apps with great design to fashion, Apple, AI and complex tech achievements. He also speaks at major tech conferences. He likes pop culture more than anything in the world.rnrnHe now lives in Paris when heu2019s not on the road. He used to live in New York and loved it.”,”link”:”https://techcrunch.com/author/romain-dillet/”,”slug”:”romain-dillet”,”avatar_urls”:”24″:”https://secure.gravatar.com/avatar/2e71de62bf8a99d74a58f1546494fe82?s=24&d=identicon&r=g”,”48″:”https://secure.gravatar.com/avatar/2e71de62bf8a99d74a58f1546494fe82?s=48&d=identicon&r=g”,”96″:”https://secure.gravatar.com/avatar/2e71de62bf8a99d74a58f1546494fe82?s=96&d=identicon&r=g”,”links”:”twitter”:”https://twitter.com/romaindillet”,”linkedin”:”https://www.linkedin.com/in/romaindillet/”,”crunchbase”:”https://www.crunchbase.com/person/romain-dillet”,”position”:”Senior Writer”,”cbDescription”:”

Romain Dillet is a Senior Writer at TechCrunch.nn

Originally from France, Romain attended EMLYON Business School, a leading French business school specialized in entrepreneurship. He covers many things from mobile apps with great design to privacy, security, fintech, Apple, AI and complex tech achievements. He also speaks at major tech conferences. He likes pop culture more than anything in the world.nn

He now lives in Paris when he’s not on the road. He used to live in New York and loved it.nn

He owns small amounts of various cryptocurrencies.”,”cbAvatar”:”https://crunchbase-production-res.cloudinary.com/image/upload/v1474198996/bdaopvsaapmuniwou7l2.jpg”,”twitter”:”romaindillet”,”_links”:”self”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users/7636871″],”collection”:[“href”:”https://techcrunch.com/wp-json/tc/v1/users”]],”wp:featuredmedia”:[“id”:1965152,”date”:”2020-03-25T03:24:07″,”slug”:”france-politics-government”,”type”:”attachment”,”link”:”https://techcrunch.com/2020/03/25/france-announces-4-3-billion-plan-to-support-startups/france-politics-government/”,”title”:”rendered”:”FRANCE-POLITICS-GOVERNMENT”,”author”:7636871,”license”:”source_key”:”getty images”,”person”:”Ludovic Marin / AFP”,”authors”:[7636871],”caption”:”rendered”:”

French Junior Minister for Digital affairs Cedric O arrives for a weekly cabinet meeting followed by a government seminar at the Elysee Presidential palace on January 15, 2020 in Paris. 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top VCs are investing in D2C”,”content”:{“rendered”:”

If youu2019re looking for toothbrushes, skin-care face masks, mattresses, glasses or even socks, thereu2019s a digitally-native, direct-to-consumer (D2C) company or two that can help you out.n

And thanks to smart digital marketing, the cult followings that ensue and the economics of e-commerce, D2C has changed how we relate to consumer goods (while attracting a waterfall of investment dollars).n

Globally, D2C startups have raised between $8 billion to $10 billion in known venture capital across more than 600 deals since the start of 2019, according to Crunchbase data. The industry was catalyzed by a number of nine-figure deals for companies like Glossier, which sells makeup products, and Ro, which is a telehealth startup.n

Indeed, when prepping this post for publication, our list of notable D2C rounds since the start of 2019 grew long enough that we abandoned the idea of including a digest. The sector has been active across a host of verticals, making it hard to sum up in terms other than rounds and dollars invested.n

But those are trailing indicators of what is going on between D2C startups and their investors. TechCrunch was curious, especially in the wake of the troubled Casper IPO, how investor sentiment might have shifted and what venture capitalists are looking for in the category.n

To get a grip on the matter, we caught up with Nicole Quinn from Lightspeed Venture Partners, Ben Lerer and Caitlin Strandberg from Lerer Hippeau, Gareth Jefferies from Northzone, Matthew Hartman of Betaworks Ventures, Alexis Ohanian of Initialized Capital and Luca Bocchio of Accel.n

We got into advice for founders looking to raise, whether influencer marketing is worth it and which channel one investor says is an u201call-but-closed door for most D2C companies.u201d Weu2019ll start with a summary of the three trends that stood out the most from our collected answers and then share the full investor digests.n

Three key themes for D2C in 2020



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