Josh Shrive’s Post

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Hiring for DTC brands - Managing Partner @ Vine Talent

Nice write-up & survey from XRC Ventures on the state of VC funding for consumer brands, specifically beauty and personal care. Key takeaways: -Generalist VC funds moving out of consumer in favour of AI; down 80% from 2021 peak -Beauty outperforms all other consumer categories in 2023; plus an uptick in M&A activity with a sales multiple of 3x-7x, however, funding is still down 50% YOY -Investors back the founder, but need to see traction and a clear differential: nothing particularly new here but the bar has been raised further to get the cheque Good contributions from Kirsty Macdonald & Joe Seager-Dupuy Link in the first comment to access the full report 👇 👇 👇

Josh Shrive

Hiring for DTC brands - Managing Partner @ Vine Talent

8mo
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