Startups I will defend the $700 million carbonated water •...

I will defend the $700 million carbonated water •


- Advertisment -

The crazy season is over in venture capital country.

Today investors and founders alike will bore your ears with notes about: incremental cash flow positivity and their timeline to adjusted EBITDA profitability.


Despite the general dullness of the current venture capital landscape, filled with conservative valuations, falling deal sizes and cackling investors sitting atop a mountain of capital, we learned today that at least some people are having fun.

Enter Liquid Death, a direct-to-consumer water company that just raised a $70 million round at a $700 million valuation, according to Bloomberg reporting. The transaction makes Liquid Death 70% of a unicorn, which is pretty damn impressive considering the state of most DTC companies – see here – that we can track on the public market exchanges.

Why the huge price tag? Because water is a grow business, baby! Bloomberg’s Katie Dak — a former TechCruncher — writes that the company is “on track for $130 million in revenue this year,” up from $45 million in revenue last year. That’s the kind of growth investors are looking for.

Liquid Death has a few things that make the deal somewhat fair from my perspective. Sure, it’s easy to dip into a $700 million water startup when there are cheaper alternatives; other brands of carbonated water, making your own bubbles, or just drinking tap water like a farmer are all options.

Shreya Christina
Shreya has been with for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider team, Shreya seeks to understand an audience before creating memorable, persuasive copy.


Please enter your comment!
Please enter your name here

Latest news

Dita Von Teese- Wiki, age, husband, net worth, ethnicity, height

Dita von Teese is the one and only person dedicated to making it famous again in modern society. ...

Is the youth sports industry recession proof?

Founder and Chairman of Destination Athlete; expert in Franchise Leadership, Business Development and Commercial Business Model Innovation. At a...

Gartner analysts reveal 8 cybersecurity predictions for 2023

Watch the Low-Code/No-Code Summit on-demand sessions to learn how to successfully innovate and achieve efficiencies by upskilling and scaling...
- Advertisement -

AI-generated answers temporarily banned on coding Q&A site Stack Overflow

Stack Overflow, the go-to question-and-answer site for programmers and programmers, has temporarily banned users from sharing comments generated by...

Scott Pfaff- Wiki, age, height, net worth, girlfriend, ethnicity

Scott PfaffScott Pfaff, often known as Big Cat, is a well-known American reality television personality, brand and business owner,...

Must read

- Advertisement -

You might also likeRELATED
Recommended to you