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Daily Crunch: Collectible trading card marketplace TCGplayer sells to eBay for $295M

Daily Crunch: Collectible trading card marketplace TCGplayer sells to eBay for $295M Image
  • Posted on 22nd Aug, 2022 22:33 PM
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Okay, with that out of the way, let’s dive into the news! — Christine and Haje

The TechCrunch Top 3

  • What are you collecting?: Collectibles, like trading cards, are big business, and eBay got a big boost in this area with its new move to acquire TCGplayer, a trading card marketplace, for up to $295 million, Aisha reports. She writes, “The company’s latest acquisition shows that eBay sees increased potential in trading cards, as the company notes that the agreement offers a way for it to ‘maintain its position as a desirable platform for trading card sellers.’”
  • ‘Surge’ing ahead: Jagmeet has the skinny on the 15 Indian and Southeast Asian companies selected for Sequoia’s seventh Surge cohort. 
  • Not sure if the ‘Flow’ is going uphill or down: We all know by now that Andreessen Horowitz gave Adam Neumann $350 million for his new endeavor, Flow, which is buying up rental units in an effort to create a community effect. Tim, Dominic-Madori and Amanda provide three different takes on why both venture capitalist and founders may have “misread America’s housing problems.”

Startups and VC

There was a bunch of news last week about ex-WeWork boss Adam Neumann raising more money to do whatever he does these days — but Connie brings us a story about how to do it differently in “The Anti–Adam Neumann.”

Accelerators can be a little hit or miss, but Haje took a closer look at Miko, which went through the Disney tech accelerator, and this week announced that it is launching in 140 countries with Disney and Pixar content. It’s a dream partnership for any startup, so it’s fun to see it work out for them.

Nourish thine mind:

4 ways founders can amplify revenue during hard times

Volume knob from electric guitar

Image Credits: Stewart Waller (opens in a new window) / Getty Images

Turning one-time customers into repeat buyers takes on heightened importance during a downturn. Acquiring a new user is a heavy lift, but finding ways to reduce friction is an easy way to boost a customer’s lifetime value.

One study found that password difficulties cause nearly 60% of consumers to abandon shopping carts before completing a purchase.

If you’re trying to recalibrate online sales, this TC+ guest post contains formulas for calculating lost lifetime value (LTV) due to churn on a monthly and annual basis. “In times of recession, you have to make things easier, not more difficult,” says Ari Jacoby, CEO and co-founder of Deduce.

Daily Crunch: Collectible trading card marketplace TCGplayer sells to eBay for $295M View Story