Firework Closes $150M SoftBank Vision Fund 2-Led S
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Posted On: 08/06/2022 5:17:12 AM
Firework Closes $150M SoftBank Vision Fund 2-Led Series B to Continue to Build the Future of Commerce - 24 May, 2022, 18:30 IST
"The announcement comes as public sentiment towards Big Tech's "walled-gardens" – the large, closed ecosystems typified by the likes of Facebook and Amazon – grows increasingly strained. Facebook parent company Meta's recent announcement that it will charge a 47.5% fee on all transactions on its Horizon Worlds metaverse app was the most recent flashpoint to emerge from the debate around Internet centralization"
https://www.prnewswire.com/in/news-releases/f...90568.html
"The company says it is now valued at $750 million . In 2021, Firework raised $55 million to value it at $230 million. Firework has now taken in more than $235 million in funding since it was founded in 2017 by co-founders Vincent Yang and Jerry Luk."
https://techcrunch.com/2022/05/24/softbank-le...ble-video/
Valued at $750M and they don't have anything like Market.LIVE. Just something like Verb.LIVE.
It's great to see the valuation of these companies triple even in tough times. "A rising tide lifts all boats".
At some point, spinning of Market.LIVE might be the fastest way to unlocking what I believe is the billion dollar value, but these are early days. Market was just launched a couple of weeks ago.
One reason to not spinout just yet is, let Market.LIVE accelerate it's value first. The other one would be if you were consider Verb getting acquired in the next year or two. Worth way more with Market.LIVE and the same tech is shared across products.
"The announcement comes as public sentiment towards Big Tech's "walled-gardens" – the large, closed ecosystems typified by the likes of Facebook and Amazon – grows increasingly strained. Facebook parent company Meta's recent announcement that it will charge a 47.5% fee on all transactions on its Horizon Worlds metaverse app was the most recent flashpoint to emerge from the debate around Internet centralization"
https://www.prnewswire.com/in/news-releases/f...90568.html
"The company says it is now valued at $750 million . In 2021, Firework raised $55 million to value it at $230 million. Firework has now taken in more than $235 million in funding since it was founded in 2017 by co-founders Vincent Yang and Jerry Luk."
https://techcrunch.com/2022/05/24/softbank-le...ble-video/
Valued at $750M and they don't have anything like Market.LIVE. Just something like Verb.LIVE.
It's great to see the valuation of these companies triple even in tough times. "A rising tide lifts all boats".
At some point, spinning of Market.LIVE might be the fastest way to unlocking what I believe is the billion dollar value, but these are early days. Market was just launched a couple of weeks ago.
One reason to not spinout just yet is, let Market.LIVE accelerate it's value first. The other one would be if you were consider Verb getting acquired in the next year or two. Worth way more with Market.LIVE and the same tech is shared across products.
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