Offers whether via Funding rounds, or acquisitions, say a lot about the state of the startup sector and what investors think of it. But sometimes, the lack of deals tells us more.
Bloomberg mentioned That Victory Park Capital has been scrambling to find a buyer for its stake in Perch, a startup that has raised more than $900m in debt and equity to acquire and bundle brands it already sells on Amazon. Victory Park Capital could not be reached for comment.
Now, I know I’ve written many times before that many highly valued companies that are now struggling to make their money, or in this case unable to bring in outside investors, are fundamentally good companies that are faltering because of overvalued valuations or complexities. Capital tables. Sure, some of this may be true of Perch at the moment as well, but based on other data points from Amazon’s aggregation space, that doesn’t seem to be the root of the problem.