Hi there, 

Here is this week in charts.

Did Instagram just annihilate these startups? IG by Facebook/Meta is now allowing users to add 5 links to their profile. A slew of link-in-bio companies had raised money over time ($260M in total) to address IG’s previous one-link limit, but with IG’s move, what’s the future of these companies? We dug into valuations, price/revenue valuation multiples, and more to give you a sense of how the players in the link-in-bio space stack up. Learn more in this research brief.

Amazing EV race. China led the pack in electric car sales in 2022, securing 60% of the global pot. China was followed by Europe and the United States. All 3 regions are expected to see electric car sales climb in 2023, though their global share rankings will likely stay the same. In line with this shift, current projections indicate that global electric car sales will jump 35% this year and grab an 18% share of total car sales worldwide, up from less than 5% in 2020. Discover the early-stage companies supporting the accelerated rollout of EVs in this research brief.

Going down. Funding to India-based startups fell 26% quarter-over-quarter (QoQ) to hit $2B in Q1’23. This marked its lowest quarterly funding level since 2020 and a 75% drop in funding year-over-year. Other major regions in Asia suffered similar QoQ declines, with China and Israel seeing a 28% and 27% drop, respectively. Dive deeper into Asia funding trends, most active investors, and exits in our Asia-focused State of Venture Q1’23 Report.

Black Friday already? Walmart recently sold men’s fashion brand Bonobos for $75M, a 76% markdown from the $310M it paid for the D2C company in 2017. This drop reflects the broader valuation pain being felt across the public and private markets. In fact, two of Bonobos’ public D2C fashion peers, Warby Parker and Allbirds, have watched their market caps fall dramatically since their IPOs. Walmart’s heavily discounted sale of Bonobos says a lot about its future plans — which we explore in this research brief.

Shades of $100K. A 6-figure salary goes the furthest in Memphis, Tennessee. After accounting for taxes, someone earning $100K is left with $86K in buying power relative to the average cost of living in the US. El Paso, Texas and Oklahoma City, Oklahoma round out the top 3. Notably, Texas accounts for 7 of the top 10 cities where $100K goes the furthest. In New York City, on the other hand, a $100K earner gains the equivalent of just $36K in buying power.

Overabundant doughnuts. Doughnut charts as far as the eye can see. Big thanks to Nithyananda K V for sharing this one with us.

I love you. 

Anand

@asanwal

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