✨ Big Google Update News & Algo Expertise ✨

Not rendering correctly? View this email as a web page here. Pro Snippet "You'll find both news and worthwhile commentary on Google's evolving algorithmic update processes in this edition of the Moz Top Ten. Also, warm congratulations to Barry Schwartz on a big anniversary and best wishes to all of Moz's readers for a peaceful and happy holiday season!" - Miriam Ellis, Local Subject Matter Expert, Moz What We're Reading:   How to Conduct a Site Accessibility Audit (For SEO) Sam Torres provides a comprehensive process for ensuring your website is accessible to a much larger audience. A Guide to Google Search Ranking Systems Google is changing the terminology of how they refer to algorithm updates, and you'll find interesting insights into how algorithms are commonly structured. A Different Way of Thinking About Core Updates Related: Tom Capper tackles the troublesome updates that are announced when already in flight without illuminating guidance from Google, and with consequences that are often severe for site owners. 3 Important Google Updates to Understand — Whiteboard Friday Round off your Google update expertise with this clear and concise video from Lily Ray. International SEO: The Essential Guide to Global Success Don't miss Lidia Infante's popular post on the spacious topic of international SEO. 19 Years Covering The Search Industry Celebrating 19 years of excellent reporting from Barry Schwartz, whose work has become a trusted touchstone of the SEO community. Hate Speech is Soaring on Twitter under Elon Musk, Report Finds Twitter has long been a second home for SEOs; a recent report gauges the level to which the platform is polluted with hate speech. The Leading Characteristics of Review Writers, Review Readers, and Successful Owner Responses Perhaps for the first time, a data-based summary of the dominant trends amongst review readers and writers, as well as owner responses, all in three short paragraphs. Does the Length of a Google Review Matter? Joy Hawkins tests how wordier reviews stay prominent longer, with the important note that negative reviews tend to be longest. Keynote on Semantic Photography for the Win Watch Mike Blumenthal's detailed presentation on image-based opportunities for local businesses.         Products  |   Learn  |   Community  |   Blog  |   About . Moz, 720 Robson St, 400  Vancouver, BC V6Z 1A1 Canada You received this email because you are subscribed to The Moz Top 10 newsletter from Moz. Update your email preferences.  Unsubscribe from all future emails.

Ecommerce VC market finds its footing

Secondary market's revival; a16z taps former CFTC commissioner; Lovell Minnick targets $1.5B fund; Fanatics scores $31B valuation

Read online | Don't want to receive these emails? Manage your subscription. Log in The Daily Pitch: VC, PE and M&A December 7, 2022 The Daily Pitch is powered by PitchBook's industry-defining research and best-in-class data In today's Daily Pitch, you'll find: Our debut ecommerce report breaks down the market and examines the trends, opportunities and risks in Q3. After months of going quiet, the secondary market is starting to show signs of life. Chart of the Day: Private capital fundraising by manager experience, from our Global Private Markets Fundraising Report.   Today's Top Stories   Ecommerce VC market finds its footing after 2021 funding spike The surge in online shopping through the pandemic was followed by a boost in VC funding for ecommerce specialists. While that extra lift has waned, the market has displayed strength through 2022, with $20 billion raised for an increase of 44.5% from 2020. When excluding 2021's sky-high numbers, this is in line with previous year-over-year increases, despite high inflation and supply chain obstacles. VC funding has been weighted toward late-stage deals in recent years. Nearly 79% of 2022 deal value has fallen into that category, reflecting the maturity of the ecommerce ecosystem. At the same time, the number of deals has been more evenly distributed among deal stages, showing how investors continue to support emerging technologies, including VR and AR shopping and livestream commerce. Our inaugural Emerging Tech Research report on the ecommerce VC market examines five segments and their various trends, opportunities and risks in Q3. These segments define startups that facilitate different steps in the sales process, from prepurchase to postpurchase, along with startups that span all categories. read the report   Share: Secondary trading picks up as market settles into discount mentality Stripe co-founder and CEO Patrick Collison (Matt Winkelmeyer/Getty Images) Secondary market trading of late-stage startups was mostly frozen in Q2 and Q3 2022. But over the last couple of months, buyers and sellers have begun to agree on deals at significant discounts to 2021 valuations. Buyers, which now include sovereign wealth funds and traditional venture firms, are seeing opportunities to invest in strong companies at a large discount. Meanwhile, sellers have accepted that 2021 prices are not coming back anytime soon. While low by historical standards, secondary market activity should increase next year as more founders, employees and early backers will look to get liquidity in companies that had been planning IPOs for 2022 and early 2023. read more   Share:   A Message from Deloitte   ESG at the expansion stage: How fast-growth companies are navigating ESG priorities After a record-breaking 2021 for dealmaking in ESG's primary arenas of cleantech, climate tech and impact investing, this year has seen robust tallies of investment at the expansion stage, totaling $15.7 billion across a few hundred completed deals. Yet, balancing ESG priorities with rapid growth can prove challenging. The latest edition of Deloitte's Road to Next series explores key metrics emerging from dealmaking data while discussing insights on key priorities and how ESG implementation can aid growth, with highlights including: How factoring in risks stemming from governance ripple effects future-proofs businesses What growth in available capital for ESG-related enterprises entails, especially in environments of rising risk A spotlight on under-discussed segments of cleantech Read it now Share:   Norway's Oda loses unicorn status with new round (eamesBot/Shutterstock) Grocery delivery company Oda has seen its valuation shrink by almost two-thirds following a $150 million round. Increasingly challenging market conditions have put pressure on valuations, and certain sectors, including grocery delivery, have seen investor appetite wane. read more   Share: FTX collapse exposes power imbalance between founders and investors (Jenna O'Malley/PitchBook News) The collapse of crypto exchange FTX has unleashed one of the biggest scandals in the venture world. What exactly transpired has yet to be revealed, but the broad strokes are that the company has a murky relationship—to say the least—with its trading firm, Alameda Research, whose losses founder Sam Bankman-Fried tried to patch up with FTX client funds. The scandal, the latest in a string of mishaps, bankruptcies and improprieties to hit the crypto world, has left many uncertain about the industry's future. And the FTX implosion has forced investors to confront the question of how such a massive fraud could seemingly pass under the noses of some of the world's most sophisticated venture capitalists. But context is important. Share: Recommended Reads PepsiCo is well known for pumping out fizzy drinks and household snacks, but the company has another, more inconspicuous product: CEOs. [Fortune] Researchers have developed what they hope is a one-and-done gene therapy for patients with severe hemophilia B. The price tag? $3.5 million. [Wired] How upgrading small businesses' tech could reinvigorate supply chain resilience. [Harvard Business Review]   Since yesterday, the PitchBook Platform added: 523 Deals 2172 People 540 Companies 25 Funds See what our data software can do   Quick Takes     The Daily Benchmark     2018 Vintage Global PE Funds     A message from Stout     Asset management industry spotlight: Valuation, dealmaking & market trends     People     A16z taps former CFTC commissioner     VC Deals     Fanatics reaches $31B valuation     GameOn scores $35M for chat platform     NeuReality lands $35M     Omny raises $17M     MetalSoft collects $16M     Carputty nabs $12M+     RepAir captures $10M round     PE Deals     Aldrich-backed Rhythm acquires Equis Consulting     Kian Capital reinvests in Sdii Global     Blackstone's Legence lands ESG consultancy     Silversmith backs Proven Optics     Fundraising     Lovell Minnick targets $1.5B     Avalon wraps up $135M for biotech startups       The Daily Benchmark   2018 Vintage Global PE Funds Median IRR 25.11% Top Quartile IRR 42.35% 1.49x Median TVPI Select top performers SSC Partners I Creation Investments Social Ventures Fund IV Tyree & D'Angelo Partners Fund II *IRR: net of fees 154 Funds in Benchmark » Check out the latest version of PitchBook Benchmarks   A message from Stout   Asset management industry spotlight: Valuation, dealmaking & market trends Asset managers are currently navigating financial market volatility, inflation and economic uncertainty, and geopolitical tensions. As a result, asset management firms face challenges in delivering returns for their investors, resulting in tightening margins for the asset management companies. At the same time, dealmaking innovation in the sector continues to evolve with a variety of M&A deals, PIPE transactions, and GP stakes investments. Similarly, more sophisticated valuation approaches are recommended for asset management firms to accurately capture the drivers of value. This report provides an overview of asset management firm valuations and covers the latest market trends and capital market transactions. Download the report now Share:   People   A16z taps former CFTC commissioner Andreessen Horowitz has appointed Brian Quintenz as its new head of policy for crypto. Quintenz previously served as the commissioner of the Commodity Futures Trading Commission under Presidents Obama and Trump. View details       VC Deals   Fanatics reaches $31B valuation Licensed sportswear maker Fanatics has raised a $700 million round, valuing the company at $31 billion, The Wall Street Journal reported. Clearlake Capital led the round and was joined by LionTree. Previous investors including SoftBank, Silver Lake and Fidelity Management & Research also participated. View details   View 2 competitors »   GameOn scores $35M for chat platform Conversational chatbot maker GameOn has secured a $35 million Series B co-led by Mirae Asset Venture Investment, Mighty Capital and B3 Capital. View details   View 1 competitors »   NeuReality lands $35M AI inferencing chip startup NeuReality has raised a $35 million Series A led by Samsung Ventures, Cardumen Capital, Varana Capital, OurCrowd and XT Hi-Tech. View round   View similar company »   Omny raises $17M Healthcare data startup Omny Health has raised a $17 million Series B led by Chicago Pacific Founders. View details   View 3 competitors »   MetalSoft collects $16M Automation software startup MetalSoft has closed a $16 million Series A. DNS Capital led the round for the Chicago-based company, which offers software used in data centers. View details   View 71 investments »   Carputty nabs $12M+ Carputty, a fintech company specializing in auto loans, has raised a $12.3 million Series A led by Fontinalis Partners and TTV Capital. View details   View 2 competitors »   RepAir captures $10M round Direct air carbon capture startup RepAir has raised a $10 million Series A led by Extantia and Shell Ventures. View round   View similar company »     PE Deals   Aldrich-backed Rhythm acquires Equis Consulting Aldrich Capital Partners-backed Rhythm Management, a healthcare company that provides remote cardiac monitoring, has acquired Equis Consulting Group, which also specializes in remote monitoring. Alrich staked Rhythm with a $34 million investment in 2021. View deal   View similar company »   Kian Capital reinvests in Sdii Global Kian Capital Partners has made its second investment in Florida-based Sdii Global, a forensic engineering firm that serves the property and casualty insurance industry. Kian made its first Sdii investment in 2016. View details   View 2 competitors »   Blackstone's Legence lands ESG consultancy Blackstone-backed building consulting group Legence has acquired ESG consultancy Lord Green Strategies. Legence plans to merge the new acquisition with its subsidiary, RE Tech Advisors, which also focuses on ESG. View deal   View similar company »   Silversmith backs Proven Optics Silversmith Capital Partners has obtained a majority stake in software company Proven Optics, which specializes in automating the management of IT budgets. The deal marks Proven Optics' first time receiving outside capital. View deal   View similar company »     Fundraising   Lovell Minnick targets $1.5B Lovell Minnick Partners is raising commitments for Lovell Minnick Equity Partners VI with a target of $1.5 billion, according to reports. The Massachusetts Pension Reserves Investment Management Board is said to have committed $150 million to the fund. View fund   View 178 investments »   Avalon wraps up $135M for biotech startups California-based venture capital firm Avalon BioVentures has closed its first venture vehicle, which will specifically target early-stage biotech startups, on $135 million. View fund   View 3 investments »     Chart of the Day   Source: PitchBook's Q3 2022 Global Private Market Fundraising Report   Who's in the newsletter today? People Brian Quintenz Investors Aldrich Capital Partners Andreessen Horowitz Avalon BioVentures B3 Capital Blackstone Cardumen Capital Chicago Pacific Founders Clearlake Capital DNS Capital Extantia Fidelity Management & Research Fontinalis Partners Kian Capital Partners Legence LionTree Lovell Minnick Partners Mighty Capital Mirae Asset Venture Investment OurCrowd Rhythm Management Samsung Ventures Shell Ventures Silver Lake SoftBank TTV Capital Varana Capital XT Hi-Tech Companies Carputty Equis Consulting Group Fanatics GameOn Lord Green Strategies NeuReality Omny Health Proven Optics RE Tech Advisors RepAir Sdii Global Silversmith Capital Partners Limited Partners Massachusetts Pension Reserves Investment Management Board   About PitchBook | Terms of use | Advertise with us | Contact Follow us: This email was sent to pitchbook@quicklydone.com via the PitchBook Platform. Do you want to change your email address, get a different edition or unsubscribe? 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