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The Unsung Hero in Fundraising Campaigns Isn’t Raffles—It’s Sweepstakes!

Nonprofit Tech for Good

Furthermore, raffles of any kind are 100% against the law in Alabama, Hawaii, and Utah. One misconception we hear regularly relates to Sweepstakes’ free Alternate Method of Entry. Alternate Method of Entry: For a sweepstakes to be legal, you must offer a free entry option. Wondering why raffles are high maintenance?

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Neighbor raises $53M for self-storage marketplace after 5x YoY revenue growth

TechCrunch

Xu and Cutler will join former Uber CEO Ryan Graves as investors and advisors to the Lehi, Utah-based startup. Colton Gardner , Joseph Woodbury and Preston Alder co-founded Neighbor.com in 2017 with the mission of giving people a more accessible and personal alternative to store their belongings. . Image Credits: Neighbor.

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TechCrunch+ roundup: Growth budgets, hiring tips, zero-party data Twitter Space

TechCrunch

Casper’s return to private life isn’t a canary for DTC companies going public. The company has had an interesting trajectory: venture-backed, it “has struggled as a public concern” since its 2020 IPO, reports Alex Wilhelm. Utah’s Podium raises pre-IPO round, boosting its valuation to $3 billion.

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Epic largely lost to Apple, but 35 states are now backing its fight in a higher court

The Verge

If it were successful in pushing Apple to accept alternate payment processors, it could dramatically change how Apple, the most profitable company in the world, operates its highly lucrative App Store. We’ve uploaded each of their briefs to DocumentCloud so you can read them for yourself: The coalition of 35 states led by Utah.

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A tale of two surveys: Fintech VCs change tune on investment landscape

TechCrunch

A few examples… When asked in February what differences in the landscape he saw in 2021 and if deals were much more competitive, Accel partner Ethan Choi responded: “On the investing side, deals were definitely more competitive and valuations certainly reflect that, even despite a correction in public fintech comps.”.

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Even well-funded fintech companies are laying off workers

TechCrunch

The company’s mortgage operations centers in California and Utah are reportedly impacted by the move. According to Finovate: “The new offering evolved out of Kabbage , an alternative lending startup that the company acquired in 2020. In the past, the company has been public about “ taking business from Stripe.”

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A Jargon-Free Guide to Low-Profit Limited Liability Companies (L3C)

NonProfit Hub

An L3C, though, is a hybrid of an LLC and nonprofit business model, which is where an organization operates to benefit the general public without shareholders and without a profit motive. In this blend, an L3C is a private organization that does earn profits, but only so that it can conduct business to help a certain cause. North Dakota.