MARKETS UPDATE

• Entire US treasury market now yields at least 4%.

• Home foreclosures are ticking back up.

• Mortgage demand from homebuyers drops to a 28-year low…

Chart of the day

Nick Timiraos @NickTimiraos

Applications for mortgages to purchase homes tumbled again last week and are down 44% year-over year. The average 30-year fixed-rate mortgage rose to 6.7% last week, according to the Mortgage Bankers Association mba.org/news-and-resea…

1:30 PM ∙ Mar 1, 2023

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ONLINE BUSINESS UPDATE

• Nate at Centurica dropped another graph showing the total market listing value. Q3 of 2021 stands out as a watershed moment, where strong new listing value was matched by a strong sold percentage, propelling the market to its highest quarterly valuation. However, Q4 of 2022 however saw the lowest market value since Q1 of 2020:

• Following on from last week’s update on Nick Eubanks joining Semrush as Head of Digital Asset Acquisition, investing.io community member Matthew Howells-Barby announced that Semrush had just acquired his Traffic Think Tank SEO training & private community:

Matthew Howells-Barby Ξ mhb.eth @matthewbarby

Some exciting personal news: @semrush has just acquired Traffic Think Tank. It's been a heck of a journey since late 2017, bootstrapping the business, seeing crazy growth, and exiting to a public company that I admire. More info linked 🙂 semrush.com/news/semrush-a…

semrush.comSemrush NewsroomSemrush acquires Traffic Think Tank, a leading marketing education company and community...

9:55 PM ∙ Feb 22, 2023

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• Acquire Websites tracked 38 new content site marketplace listings this week.

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Market slowdown? These five businesses just sold for 4x or more…

Some are reporting a slowdown. Others are not. As the #1 marketplace to buy & sell online businesses, Flippa has been trying to make sense of it.

Overall marketplace value for the 6-month period Sep to Feb 23, against the prior 6-month period, is up 19% with February peaking to $153MM. Similarly, the number of units listed (priced between $10k and $5MM) is also up 19% when compared to the prior 6-month period. Owners are active and selling.

Buyer demand looks steady too and deals are getting done. Acquisition entrepreneurs are now being joined by a larger volume of Family Offices and PE firms looking to capitalize. These five deals recently achieved 4x+ multiples:

• A marketplace for influencers achieved a 22x net profit multiple to sell for AUD $4MM. 

• A marketing agency achieved a 5x net profit multiple to sell for USD $2.7MM

• An options trading subscription business sold for 4x net profit to sell for USD1.6MM

• A college mentorship and consulting platform sold for 4x net profit for USD $385K

• A marketplace for tours and tickets sold for 5.2x net profit for USD $441K

Have a business you want to buy or sell?

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Send Flippa an email for details

STARTUPS UPDATE

• Cloud storage platform Impossible Cloud raised a $7.5M seed round led by HV Capital.

• Zarta, a creator platform focused on pay-per-view video content, raised a $5.7M seed round led by a16z.

• Generative AI startup Typeface emerged from stealth mode with an oversubscribed $65M funding round.

CRYPTO UPDATE

• The liquid staking protocol ether.fi, raised $5.3M in funding led by North Island Ventures.

• Fan token project Chiliz announced a $50M incubator and accelerator program for early-stage blockchain projects.

• Investors have pulled ~$6B out of Binance's stablecoin following regulatory crackdown.

REAL ESTATE UPDATE

• Property management software platform Renter Insight exits beta.

• Nuveen Real Estate invested in a vertically integrated self-storage platform, MyPlace.

• MSCI Real Assets reported that apartment sales volume plunged 71% YoY in January to $6.2B.

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