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When+do+layoffs+matter%3F+Trick+question+-+always
access_time1 day ago
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.This was a live week on the podcast, meaning that Mary Ann and Alex and Natasha and Grace teamed up with the fine audio and visual folks from our mothership Yahoo to not only record the show, but to do so in front of, well, all of you! It's fun to record live, and we'll do it again in two weeks!What did we get into? The following:Deals of the Week: HomeLister wants to make selling your home more of a DIY affair, and cheaper; Degreed's co-founder is coming back to the company he helped found, via a different company that he helped found; and can chat bots not suck in the future?Coalition: What happens when you cross a small venture capital fund, a large operator network, and shared upside? Coalition wants to find out.Layoffs: Backstage has cut its staff to the quick, while we saw smaller cuts at Substack this week in percentage terms. Both rounds of layoffs were launching points for questions, and discussion on the show.Robinhood: Will the company, beleaguered with a rock-bottom share price and slipping consumer mindshare, sell?Equity is off Monday for the holiday, but back three times in the following four days. Chat then!Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.
Understanding+the+not-so-fine+print+of+2022+term+sheets
access_time3 days ago
This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha asked: What’s in the fine print for term sheets these days, and what does that tell us about who is going to be in control during the downturn? The question was inspired by a recent story by Becca Szkutak - one of TC's newest venture reporters - about how deal terms look different in a downturn. Of course that means we had to bring on Szkutak to talk about her story and dig into a further analysis of how founder friendliness is being challenged right now. Expect a tactical episode all about different terms that may start sneaking into term sheets, the cost benefit analysis of each, and why down rounds aren't the end of the world.https://techcrunch.com/2022/06/21/deal-terms-look-different-in-a-downturn-heres-what-to-watch-out-for/Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.
Leverage%2C+red+flags%2C+and+a+changing+venture+landscape
access_time5 days ago
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.Alex and Grace are back to cover the biggest, boldest and baddest technology news. This week we are not recording on a Tuesday as it's a regular week. Though we would add that Equity will be live on Thursday, when we record our Friday episode. So if you wanted to come hang, make sure that you are following the show on Twitter.Right, so what did we get into this morning?Stocks are generally up, major cryptos are not doing too much this morning, and a Coinbase downgrade caught our eye.Backstage Capital is laying off staff as it focuses on only investing into existing portfolio companies. With less capital than before going to Black founders, seeing a fund that focused on investing into underrepresented founders struggle is a bummer.The Strapi startup round was a fun one to look at, fusing open-source tech and CMSs, a tool that we use here at TechCrunch rather often.And then there is the mess at Digital World Acquisition Corp., the SPAC that wants to merge with former American President Trump's digital media company. It's in trouble with regulators.The chaos did not start there, however. 3AC is in default (like Russia!), the BlockFi rescue deal had internal pushback, Klarna may only be worth $10 billion, MilkRun loses lots of money, and we're learning more about how India's government is going after Twitter.So, a great way to start the week. We kid. Chat soon!
All+this+startup+news%2C+and+we+didn%E2%80%99t+even+talk+about+Juul
access_time8 days ago
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.Today Natasha and Alex were on the mics, kicking back and riffing through the biggest technology stories of the week. Our dear Mary Ann was off this week, but will be back in short order.What did we get into? A bevy of blistering bromides, naturally:Accel has a new $4 billion fund, focused on the late-stage, which is at once a pile of duckets and a fascinating timing for such a large capital vehicle.FalconX doubled its valuation in a new round, which was also a huge pile of money at an odd moment in time.Oh, and Suze Orman was also on the show today, in spirit and story.From there we noodled on the big changes at Brex, the latest in executive turnover, and why the metaverse actually had some good news this week?All in all it was a good time and we are back Monday!Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts
Fintech%27s+fever+can%27t+make+up+its+mind
access_time10 days ago
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha and Alex asked: After a multi-year fundraising boom, what is the current health of the fintech startup market?The episode was inspired by a rigamarole of news, including but not limited to Klarna's potential valuation haircut, Apple's BNPL announcement, Brex's partial market retreat and Wealthsimple's staffing cuts.The other reason that we're chatting fintech is that after attracting a simply huge chunk of venture capital in the last few years has gone into the sector. And that means that so very many startups are in play when we discuss the fintech niche. This is not just a few unicorns, and decacorns, but a flat-out fleet of companies that are now stuck waiting for the venture capital market to reignite.With Affirm and Klarna showing just how far prices for fintech revenues have fallen, what's ahead? How worried should founders be? We dug into all that and more!Equity drops every Monday at 7 a.m. PT and Wednesday and Friday at 6 a.m. PT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.
The+fintech+funding+market+is+not+dead
access_time11 days ago
Alex and Grace are back to cover the biggest, boldest and baddest technology news. This is our Monday show, coming to you this week on a Tuesday as, hey, yesterday was a holiday for many American workers, in honor of Juneteenth. So, we're doing our weekly kickoff one day later than usual. Here's what we got into:Stocks are higher globally, while the crypto market is somewhat quiet after a tumultuous few weeks.We're coming up on the end of Q2 2022, which means that we're at once heading into earnings season (woo!) and another venture capital data set to parse. Get excited.Musk has been busy around the world, helping keep Ukraine online, seeing his cars come under some censure in China, and still talking his way through buying twitter.In startup-land: LeadSquared raised a huge round, and is now a unicorn. Platform.sh raised a huge round, but we aren't sure what it is worth. And Stashfin also put a huge amount of capital and debt onto its own books.The fintech VC market is still alive, despite warning bells from, well, everywhere. Magic Eden just raised for an NFT marketplace, we note. (Though prices are, yes, coming down.)That's our show! We're back tomorrow and Friday!Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.
This+feels+like+a+SoftBank+deal+from+4+years+ago
access_time15 days ago
Equity is back in the saddle this week, with Mary Ann and Alex and Grace powering through a busy week's news. And while much of the news in startup-land is a bit lacking these days -- you may have noticed a sentiment shift on Twitter! -- we did find some good tidings as well.Here's the rundown:Sesame, which operates an online medical care marketplace, raised $27 million to help people without insurance or those with high deductibles get affordable health care. Interestingly, its lead investor also previously put money in another startup in the space.Marc Lore's food creation, and delivery startup Wonder raised a huge stack of cash. We had mixed views on this particular deal. On one hand, we hate cooking. On the other, will the economics ever work? Investors really seem to think so. We're now waiting for the service to launch where we live so we can give it a try.Startups may be in better shape than you thought! That's the take that Index's Mike Volpi wrote in a letter that TechCrunch published. Alex dug into the matter as well. There are even more positive signs out there if you look.The real estate sector has taken a hit as of late, which led to Redfin and Compass laying off hundreds of employees. Yet one other proptech startup managed to raise capital and acquire a company this week.And to close, the crypto mess. Here's some layoff news. And here are some new problems. Finally, an attempt to find some understanding of what's going on.And that is a wrap! We will chat you all next week!Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts
We%27re+entering+an+era+of%2C+um%2C+creative+accounting+in+startups
access_time17 days ago
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha and Alex brought on TechCrunch reporter Haje Jan Kamps, who, prior to and in between his journalism careers, spent years as a founder and a venture capitalist. Together, the trio asked: How might companies use math in the coming months to make our lives harder, and complicate their finances, aka the truth? From the historical grievance folder, to more recent news from MainStreet, we had a lot of grist for the mill. But we had even bigger feelings about what's coming this year, and how important it will be to chase down the truth. And given our general view that numbers don't lie, we had strong opinions about how things should be counted, and disclosed.A big thank to Haje for coming out and bringing his multi-viewpoint perspective. Chat soon!Equity drops every Monday at 7 a.m. PT and Wednesday and Friday at 6 a.m. PT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.
Crisis%21+On+the+blockchain
access_time19 days ago
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.Alex and Grace are back to cover the biggest, best, and baddest technology news. We are back once again here with your weekly kickoff! Here’s what we got into:Stocks are down around the world, with nearly every major index that we checked falling 2% or more.Crypto prices are in the tank, with bitcoin and ether losing double-digit percentage points in the last day; the mess in crypto-land is deep this morning.Celcius network is falling apart, despite huge recent fundraises. Precisely what happens next is not clear, but it doesn't look good for the company, judging by its imploding token price.In better news, the Latin American startup scene re-upped its capital reserves right before the world went risk-off, implying that the region could be well capitalized heading into the rest of the year.The Coinbase CEO's Twitter rant after some of the company's employees expressed displeasure was notable, in tone, and also in terms of PR strategy.So, yeah, not the happiest show that we have ever recorded but one that matches the moment. As we stressed on the audio version, you are not your net worth. We will get through this.Finally, Equity is live this Thursday, so come hang on Hopin or Twitter Spaces!Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.
Looking+back+at+the+venture+market+of+one+year+ago
access_time22 days ago
The show is largely off this week, which means that we don't have our usual deluge of new startup news covered for you. But, we didn't want to leave you with nothing at all on this lovely Friday, so we went to the time machine to see what we could find.The episode in the feed today is the same episode we put out nearly exactly one year ago today (June 11, 2021) to give some flavor and context to what was going on a now a year past. The idea was that we've spent so much time talking about how 2022 is shaping up to be different than 2021, so why not go back and show the distinction?https://techcrunch.com/2021/06/11/the-huge-tam-of-fake-breaded-chicken-bits/We hope you like our fun little experiment. The show returns to regular form Monday.Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts
The+early+signs+of+startup+layoffs+to+come
access_time24 days ago
This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. As the team takes a break this week, we decided to replay an old yet prescient episode from earlier this week. In February, Natasha and Alex asked: What can startups learn from the rise, and now struggles, of Hopin? For companies that grew like weeds, what’s next?Hopin was one of the first tech companies to conduct layoffs in 2022; and as we said then, while it is is perhaps a very visible canary, it is hardly the only startup that rode COVID-19’s economic disruptions to new heights. Tell us how the episode aged, and if you're on team reckoning or team re-correction?The market is changing. And while Hopin grew rapidly in 2021, a host of companies that thrived during COVID-19 are now resetting both internal, and external expectations. New year, new market.
Sheryl+Sandberg%2C+Substack+and+the+art+of+still+raising+money+for+groceries
access_time29 days ago
This was another live week from the Equity crew, meaning that the towering Mary Ann, the inimitable Natasha, and the somewhat fungible Alex were all chatting in real time, thanks to Grace and Julio having the script and tech in place to allow for it. And as we were live, we also wound up taking a little bit more time per story than usual, which was good fun.What did we get into? A lot:The end of an era: Sandberg steps down from Meta COO role.Deals of the Week: Affirm ties up with Stripe, Felt raises $15 million for maps, and Astro proves that quick grocery delivery is still a thing.A new fund is coming from an alum of Precursor Ventures, a firm that we have covered extensively on the podcast.The latest from Substack, a startup that we nearly all use, but wonder about from a valuations perspective.And we wrapped with notes from our recent spotlight on Columbus, Ohio!Equity is mostly off next week, meaning no Monday show, and some pre-taped stuff the rest of the week. We're going to breathe, and come back recharged. Hugs, and chat soon!
How+investors+are+playing+offense+right+now+%28their+words%2C+our+two+cents%29
access_time1 month ago
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, we're trying something new. Natasha spent a good chunk of last week at the All Raise VC summit, an annual off-the-record event that brings together some of the best and brightest in the investment community. After the summit, she sat down with Mandela SH Dixon -- All Raise's new CEO -- to unpack what happened, and discuss how today's changing venture capital market will impact diverse founders.The first half of this episode is a conversation between Natasha and Mandela, and then we'll bring on Alex and turn to some on-the-ground clips from the summit. Sound bytes from Freestyle's Jenny Lefcourt, January Ventures' Jennifer Neundorfer, Rethink Impact's Heidi Patel and Union Square Ventures' Rebecca Kaden will get the classic Equity treatment. Or, put differently, Alex and Natasha will react to top investors talking about their game plans for the next market cycle. It's fun!
Faster+ML+models%2C+crypto+M%26A%2C+and+what%27s+ahead+for+on-demand+pricing
access_time1 month ago
It’s Monday, which means that Alex and Grace were back as a team to cover the biggest, boldest and baddest technology news. We are once again back with your weekly kickoff! Here’s what we got into:More on the potential M&A boom this week, in light of this recent CNBC piece that got my mind turning. Sure, this is kinda like the CVC story we've been tracking but a bit more focused.China's venture capital market is taking body-blows, albeit from recent highs. Still, it is more than easy to track the country's regulatory crackdown to falling venture capital activity.Strong Compute raised money, highlighting the fact that early-stage companies can still raise, and that there could be huge unlocks coming in ML model training. Which would be good for all of us.And is on-demand pricing on the way out? Things aren't looking good for the model that once challenged the incumbency of SaaS.Woo! Equity is live this Thursday, so come hang with us on Twitter Spaces or Hopin, yeah? Chat then!
A+ping-pong+match+between+bulls+and+bears
access_time1 month ago
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.Happily we were once again at full strength this week, with Alex Wilhelm, Natasha Mascarenhas and Mary Ann Azevedo chatting, and Grace handling production.You can tell from the topic list today that we are in an odd time. There are myriad signals that the startup market is slowing down. And there are some counter-narrative data points that paint a more complex picture. Where do you stand in your own viewpoint? Well, read on for some data to consider:Natasha gave us a brief update on All Raise's annual VC summit, but she'll get into more on an upcoming Wednesday show (stay tuned!)Monte Carlo just raised a unicorn round, worth $135 million at a $1.6 billion valuation. On the other hand, Bolt is laying off staff amidst a correction in the larger startup market, and perhaps its own space.If startup news is pointing in two directions, so too are data from the venture capital world. While Sequoia is warning founders about a downturn, a16z just raised a king's ransom to pour into the web3 market. Parse that as you will.There were other bits of news to consider as we work to understand where the startup world truly is today, including news from Zip and Nowports -- two newly-minted unicorns that Mary Ann recently profiled.And we closed on, what else, drama in fintech. As Stripe and Plaid gear up to battle, Finix is either in the fray, or about to jump in, depending on your perspective. What's clear is that increasingly overlapping fintech giants are going to rub up against one another. You can read more about that in The Interchange, out on Sunday.Hugs from us to you, and we will talk to you next week!Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.
We+think+founders+need+a+quick+Heart+to+Heart+about+the+market
access_time1 month ago
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha asked: How are early-stage founders thinking about this downturn? The inimitable Alex teamed up with her to interview Joshua Ogundu, the founder and CEO of Heart to Heart about this timely topic.The question comes after Natasha’s recent Startups Weekly column, "Everyone is drafting their own startup Black Swan memo." The column looked at a series of memos that venture capitalist firms sent to portfolio companies about the market downturn. Some were hopeful, some were simple, and others were a vibe check as straightforward as, Can you tell us your ARR and cash-burn in writing? Pretty please?To flip the script, as we do here on Equity, we're bringing in the founder perspective to fact check these memos and tell us what it's really like to be a founder. Ogundu told us what he's rethinking, the importance of honesty, and what to do before considering a layoff. It's not too often that we have guests on the show, so when we do, you know it's going to be a good one.
Will+falling+tech+valuations+kick+off+a+M%26A+boom%3F
access_time1 month ago
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.It's Monday, which means that Alex and Grace were back as a team to cover the biggest, boldest, and baddest technology news. We are once again back with your weekly kickoff! Here's what we got into:The stock market may not vomit all over itself today, which would be a nice break from recent weeks.Broadcom is working on buying VMware in what would prove to be a mega-deal. Shares of Broadcom are off on the news, while VMware stock is up sharply. The transaction would be worth tens and tens of billions of dollars, if consummated.Paytm earnings had lots to like, and some elements that were less salubrious. Shares of the Indian unicorn have recovered somewhat in recent days, but remains sharply depressed from its IPO price.In the startup world: BUD raised $36.8 million, SyIndr raised $12.6 million, and 1K Kirana put $25 million onto its balance sheet.And we closed out with the fact that there is no free lunch, even in the crypto world.Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.
A+Twitter+Bot+Wrote+This
access_time1 month ago
The whole team was back together this week, which was pretty darn good as there was a lot to get through. Alex Wilhelm, Natasha Mascarenhas and Mary Ann Azevedo were on the mic, with Grace handling production.What did we get into? A better question might be what did we not get into:We started with an update from the TechCrunch Mobility event, thanks to Natasha who is on-site and up in the air.From there it was time to talk deals, with the crew parsing Arrived's latest round, and why Kolkata Chai took some external capital, but very much on its own terms.Then it was time to chat Zenly's new mapping news, and why startups are critical when it comes to taking on incumbents.From there we had to ask if Elon Musk really wants to buy Twitter (seemingly no?), and how tired we are about the topic itself.Then we chatted through the recent unicorn vibe check that the market got, and the fact that most unicorns are not true IPO candidates. (Along with news from SpotOn, and Unit!)And to close, we asked about the responsibilities of tech platforms in the wake of a number of mass shootings in the United States; where should our expectations for content moderation on platforms start, and end?Hugs from us to you, and we will talk to you Monday!
Is+there+hope+for+digital+health+startups+post-Roe%3F
access_time2 months ago
This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha asked:  How do digital health startups build in a post-Roe world?The question comes after Natasha’s recent Startups Weekly column, "When your startup’s core mission is set to be overturned." The piece explores the ripple effects of the looming Roe v. Wade overturn, specifically in how it impacts startups. But, let's not hypothesize. We brought on Kiki Freedman, the CEO and co-founder of Hey Jane, to answer our big questions about building, raising, and existing when so much regulatory scrutiny is weighing on your business. A direct-to-consumer health company that specializes in the delivery of abortion pills, Hey Jane about to kick off its fundraising process which makes for an interesting tension. The startup - especially today - really sits in the middle of two intense moments: an overturn to Roe v. Wade would threaten all of its work, and a toughening, risk-averse VC market could be a hurdle toward next financing.Enjoy the show, and let us know if you like this interview format. Also, here's the Found interview that we referenced during the show as well!
What%27s+ahead+for+crypto+startups%3F
access_time2 months ago
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Every Monday, Grace and Alex scour the news and record notes on what’s going on to kick off the week.What was on our minds this morning? The following:Global markets are generally down, albeit nothing too terrifying. The American stock market is trying to regain its footing after weeks of selling.What's ahead for crypto startups in the wake of the Terra/Luna meltdown? Bloomberg wonders about a general slowdown, and we look at the Crunchbase data of who backed the ill-fated stablecoin.Startup layoffs are accelerating -- not as bad as before, but enough to warrant our attention. Layoffs.FYI is back, y'all!The Topship round, invested in by Y Combinator and Flexport, has our recent look at CVC hitting just right.It was an awful weekend in America, which leaked into the show somewhat. Take care of one another.A few housekeeping notes before we go: This is not a live-show week, so Equity will simply come out on Wednesday and Friday mornings. And this week is our TC Sessions: Mobility event, which you can learn more about here.
How+close+are+we+to+understanding+what%27s+going+on%3F
access_time2 months ago
This week we recorded live, which is always good fun, meaning that we took some questions from the audience. If you want that version of the show, we have a YouTube archive of it here.For those of you more into audio, we have you covered here. Natasha, Alex, and Grace teamed up with Julio and Yashad to host the shindig, allowing us to cover the following:The end of iPod, a time to reflect on technology trends.The exit of a Modern Fertility co-founder, and the MARA round bringing more money to Africa's fintech scene.From there it was onto the Terra crash, Coinbase's earnings, and the general sentiment shift in the crypto scene.Next up was Tiger and the downturn in startup valuations.And we closed on some personal notes.All told we had a blast. Mary Ann is back with us next week! Chat soon!
Tech+layoffs+don%27t+happen+to+companies%2C+they+happen+to+people
access_time2 months ago
This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha and Alex asked: What does the most recent wave of layoffs mean for tech workers?The question comes after Natasha’s recent Startups Weekly column, "The Great Resignation, meet the Great Reset." In the piece, which included a round up of recent tech layoffs, she explored the idea of employee whiplash, and why this moment in pullback is different than what we saw in March 2020.The goal of the episode was to humanize the tech layoffs we've seen ripple across the startup ecosystem, from buzzy, big names like Cameo, On Deck and Robinhood, to B2B platforms like Workrise and Thrasio. As our piece last week notes, the common thread between most of these layoffs, according to founders, is that there’s been a shift in the market and a serious pivot in business is required. A pivot, that is, that hurts the employees that built your product up after high demand.Let us know how we did?If you or a friend has recently been laid off, tip Natasha Mascarenhas or Alex Wilhelm on Twitter @nmasc_ and @alex. Equity drops every Monday at 7 a.m. PT and Wednesday and Friday at 6 a.m. PT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.
The+dominoes+are+falling
access_time2 months ago
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Every Monday, Grace and Alex scour the news and record notes on what’s going on to kick off the week.Happily once again we did not start the day by talking about Elon Musk and Twitter, though the news was not really very good:Stocks are down sharply around the world. And crypto prices, which track larger asset prices, are also sharply lower in the last day, and week.Uber's CEO told his company that things are changing. Adjusted EBITDA is out, FCF is in. Hiring? Going to slow. Capital expenses? Those will get harder looks, and so on. During the show, we asked about the slowdown, and how it may, or may not impact the bouyant crypto startup market.Neat funding rounds from Pyramid, which raised $120 million, and Paymob, which raised $50 million.We are recording live this weekend, so catch the show on Thursday as we record our Friday episode! Chat soon!
Stripe+is+playing+checkers+with+Plaid
access_time2 months ago
The crew was back at full-speed, and maybe even full excitement meets exhaustion, this week.  Alex Wilhelm, Natasha Mascarenhas and Mary Ann Azevedo were on the mic with moral and edit support from the wonderful Grace. If we had to give this episode it's own autobiography we'd call it: "Drama, tech twitter and therapeutic moments in between."We got into a whole ton of news including:Musk's new best friends back his $44 billion bid for Twitter - and why one of them are probably experiencing deja vu.For deals of the week, Natasha spoke about Line's play for more inclusive fintech, Mary Ann got into Truist paying attention (and money) to a fintech startup and Alex took us to the music world with the latest on SoundCloud's thought bubbles. Then we talked about how digital health startups are bracing for a Post-Roe world, and which companies to pay attention to. (Insider tip: We're taking about this topic in more depth on Equity Wednesday, coming up next week!)Next up, how early can early stage investor go? Recent news from Backstage Capital includes a milestone and a pause - and has us scratching our heads on what other pivots we may see from investment firms.Finally, we ended with our favorite part of the show and spoke about the latest Stripe and Plaid drama. The two companies went from partners to competitors this week, and we talk about the tensions that result.Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotifyand all the casts.
Ok%2C+this+one+is+for+the+crypto-curious
access_time2 months ago
This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha and Alex asked: What do the crypto-curious need to know to be more savvy about the space? Better than our question, though, was our company: we brought on Anita Ramaswamy and Lucas Matney, the minds behind TechCrunch's newest podcast Chain Reaction. The crypto-focused pod launched a few weeks ago and already has a lot of folks' attention. We highly recommend a listen, and maybe start with the one that will glow up your retirement savings strategy. Back to today, though, us four chatted through some of the largest questions that entrants into crypto may be thinking about, including untangling web3's complex jargon around decentralization to examine whether it really is different from what other tech companies are already doing. We also took a reporter's notebook lens to crypto coverage, asking if journalists need to be investors in order to report and understanding just how hard conflicts of interests can be to extract. Super light topics, you know us!https://techcrunch.com/2022/03/24/techcrunch-debuts-chain-reaction-a-new-podcast-about-the-wild-world-of-web3/Thanks again to our favorite duo for joining us and don’t forget that Equity is very present on Twitter these days, so follow us there for other mid-week musings.
How+to+failwhale+the+blockchain
access_time2 months ago
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Every Monday, Grace and Alex scour the news and record notes on what’s going on to kick off the week.Thankfully we did not start this episode by talking about Elon Musk and Twitter! You are welcome!Instead we started with bleak Chinese economic news, that segued into falling venture capital totals for a key startup sector in that country. It turns out that a massive regulatory crackdown will have in-market impacts!From there it was time to chat Yuga Labs and its recent minting chaos. Bloomberg has more.Then it was time to chat neobanks, in particular the recent rounds from Open ($50 million) and Cogni ($23 million).This is not a live show week, so Equity will simply come out on Friday as usual. That said, we do have a Twitter space scheduled for today with our own Kirsten Korosec, so follow us on Twitter and we will see you there.
Does+it+smell+like+teen+spirit%2C+or+teen+bankruptcy%3F
access_time2 months ago
This was a live week! Which meant that Mary Ann Azevedo was on the mic with Alex Wilhelm, and Grace Mendenhall, our ever-trusty producer, helped us power through. A big shoutout to Dennis, Julio, and Yashad for getting all the tech working well.Right, what did we dive into during our live taping? A lot!The latest from the Elon Musk-Twitter saga, including the social media company's earnings and how it is somewhat sensitive to market sentiment; Musk won't have infinite room with which to maneuver once he owns Twitter.For rounds of the week, Mary Ann chatted through the recent Umaro raise -- who doesn't love talking about bacon? -- and Alex picked the latest from the self-driving front.From there it was time to talk layoffs at Robinhood and other companies, focused around how some companies that did well in the pandemic are now suffering from what could be described as at least a hangover.And we closed with notes on Copper and Step and the ethics of teens investing in crypto. Which led us to question putting crypto in your 401k. Views vary!Equity is back Monday! Chat then!
Yes%2C+we%27re+talking+about+Elon
access_time2 months ago
This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha was out due to a family matter, so Alex and Amanda came together to chat through the larger Elon Musk-Twitter saga.Yes, the TechCrunch crew got together on Tuesday for a very long, fun, and relaxed Twitter Space when the news broke. However, instead of going back through all that audio to just pull out the key bits, we decided to focus ourselves down to the core elements of that team chat and produce something a bit tighter.Here's our question set:How much of an active participant will Elon really be?What does the deal mean for Twitter employees?What impact will the sale have on security, and algorithmic transparency?The free speech questionWhat does the transaction mean for users?In case you need more, our coverage of locked code changes is here, more on the privacy question here, and our larger tick-tock can be read here. Ok, we are live on Thursday for the live show! Chat then!
What+will+Elon+actually+do+if+he+buys+Twitter%3F
access_time2 months ago
Every Monday, Grace and Alex scour the news and record notes on what’s going on to kick off the week.Stocks are down, and cryptos not looking too impressive as the world gears up for a packed week of mega-tech earnings.The Twitter-Elon Musk deal could happen soon? As soon as today? It appears that after Musk dropped a filing indicating that he actually had the funds to buy the deal, talks shook loose. What's ahead? I have precisely and exactly no idea.Hopin is perhaps enduring some turbulence, per the FT. The company, once riding a torrid wave of market demand, is seeing its business molt into a more steady form. That meant layoffs earlier in the year, and a decline in its share price on secondary exchanges.Startups! From the startup-realm this morning, new rounds for Zenda and Rooser. Not Rooster, mind, just Rooser.And there's a general climate of fear out there, which won't do much for market sentiment. Alas, 2022 is not 2021 when it comes to investor excitement.And we have a live show coming this week! Get stoked, details to follow.
If+you+could+go+to+Andreessen+Horowitz+or+YC+as+a+startup%2C+which+would+you+choose%3F
access_time2 months ago
This week was a good week because we had the full team back together. Natasha Mascarenhas was on hand, Mary Ann Azevedo was on the mic, and Alex Wilhelm was around as well. Grace, our ever-trusty producer and lead on the Friday show, was on the dials.As with nearly every week this year, we had to cut and cut to make the show fit into its allotted time. This is what we got into:Brief updates on SoftBank, Better.com, and Elon's quest to buy Twitter.On the deals front, we talked about Mary Ann's coverage of Kindred, the latest from the Indian crypto scene and Chipotle. Why Chipotle? Because it turns out that it is cooking up more than lunch!From there we dug into Natasha's coverage of the latest early-stage effort from a16z, and what it could mean for competition with Y Combinator, among other entities. The theme of large funds going earlier and earlier-stage will be with us forever, it seems.Shares of Netflix took a hammering this week. Why? Growth at the company is on hold, at least from a user perspective. We took the chance to chat about the pandemic's tailwinds tailing off. This impacts a host of startups, both big and small.From there we kept the cheery note afloat by talking about live audio apps and their future. There's some tremors afoot, even if everyone likes to talk.And with that we are back next week!
More+money+doesn%E2%80%99t+mean+more+growth%2C+and+other+startup+myths
access_time2 months ago
This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, fresh off of a reunion that included pasta and green rooms, Natasha and Alex asked: What are some startup assumptions that get it wrong?The question comes after one of Natasha’s recent Startups Weekly column, "Let’s stop pretending there are silos in startup land." In the piece, which was teased out in her newsletter, she talked about how separations between late-stage and early-stage companies aren't as iron as investors may try to sell. Of course, that spiraled into an op-ed about what other startup notions we have, and the difference between a silo and a semblance of one.Here's an excerpt from the piece:You don’t need to be a web3 company to benefit from the growing mindshare around decentralization and alternative assets; just like you don’t need to be an angel investor to adopt the idea that your advice is worthy of equity in a company; and, as I’ve hopefully shown above, you don’t need to be a late-stage company to refocus on and prioritize profitability.Our podcast continues the conversation, getting into five specific myths that we're about ready to bust. I won't ruin what we specifically get into, but phrases like "Web 2.5" and "IPO pricing" and "poetry magazines" certainly make an appearance. It's the perfect episode for people starting out in tech, or folks who are in the mood to unlearn some of their assumptions.Don’t forget that Equity is very present on Twitter these days so follow us there for other mid-week musings.
Are+poison+pills+really+that+bitter%3F
access_time3 months ago
Every Monday, Grace and Alex scour the news and record notes on what’s going on to kick off the week.We are sitting on the precipice of a very busy few weeks, so let's get right to work!Stocks are mixed around the world to start the day, cryptos are off a little more but nothing too scary.Didi will vote on leaving the US public markets this May, and has promised to not list anywhere else in the interim. This saga is nearly behind us, but what a mess it will leave in its wake.The Beanstalk exploit was bad news this weekend, but my hunch is that so long as votes are tied to economic might, many neat ideas in crypto-land will remain open to exploit.Zambian fintech startup Union54 raised a $12 million Seed extension, led by Tiger, that caught our eye. And over in India, food-delivery rivals Swiggy and Zomato are both backing UrbanPiper.Finally, it seems that some private-market investors are not stoked about poison pills, a defensive setup by public companies to prevent a hostile takeover. Which makes me laugh, as dual-class shares that many VCs either back, or at least help fund amongst hot startups are similar in that they are also designed to prevent changes of control.To close, we have a live show this week! Yes, a live show. So come hang out with us on Thursday as we record our Friday episode!
%E2%80%98The+Ultimatum%E2%80%99+and+social+fintech+have+more+in+common+than+you%E2%80%99d+think
access_time3 months ago
This week was TechCrunch Early Stage, so Natasha and Alex got together - in person - to record the episode for the very first time. Shout out to Grace for somehow helping us figure out a tech set up in the middle of a sold out event.We started with a recap of TechCrunch Early Stage so far, but check out TechCrunch+ for posts about every single panel next week. Pro listener tip: use code "EQUITY" for a solid discount, for your TechCrunch+ subscription.Then we of course pivoted to Elon, who is still making news about his newest fixation Twitter. This time, we led with the fact that he's trying to buy the whole darn thing.Deel made news with an ARR number that actually had some weight behind it, which got us thinking more about remote work bets.We had to talk about Braid, a new social fintech startup that wants to make shared wallets easier. We got into crypto culture without the coins, and then it took a turn when we started getting into Love is Blind and The Ultimatum.Finally, we ended the show with SoftBank's latest pivot: a spin out of its early-stage LatAm fund into a new firm called Upload Ventures.And with that, we are back Monday morning. Chat soon!
Venture+needs+crypto+more+than+crypto+needs+venture
access_time3 months ago
This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, given a parade of headlines and news that Fast shut down, Natasha and Alex brought on our new senior TechCrunch+ reporter Jacquelyn Melinek to ask: How is ‘Web3’ blowing up venture’s traditional playbook?The question comes after Jacquelyn and Natasha looked into how crypto companies are altering the investing landscape for even the most disciplined VCs. Use code "EQUITY" for a sweet, sweet discount.Here's an excerpt from that post:The main difference between web3 cap tables and traditional startup cap tables is the structure of a company, because the way a C-corp would provide investors with equity would differ from the way a decentralized organization or DAO would, Celsius CEO Alex Mashinsky said. Today, Celsius owns half of its CEL tokens and only sold investors tokens in its initial coin offering (ICO) in 2017 when the company first launched, he added.“We don’t need to give tokens anymore,” he said. “If you can raise money through equity, you want them as equity investors because they’ll stick with the company for a long time. Sometimes when you give tokens they sell them quickly because it’s like easy money, it’s not like equity.”In today's episode, we walked through fresh PitchBook data on crypto funding, a crash course in web3 vernacular, and what crypto cap tables are the loudest about.Don’t forget that TechCrunch Early Stage is happening this Thursday, so snag some last minute tickets here. Natasha and Alex will be there recording a live episode and hopefully meeting some listeners in real life!
Did+we+learn+anything+from+the+Elon-Twitter+brouhaha%3F
access_time3 months ago
Every Monday, Grace and Alex scour the news and record notes on what’s going on to kick off the week.This week was big-tech heavy, as the startup market had a slow start to the week. Sign of the times or one day fluke? We'll see in time, I suppose.Here's what we got into on the show today:Stocks are down today, and cryptos are doing even worse in recent days.Elon Musk's flirtation with becoming a Twitter board member is over, the company said. Precisely why Musk backed out is not entirely clear, though the social media company's statement might hold some clues.Shopify is splitting its stock, and changing up its corporate governance structure; crypto volumes are tanking in India following a legal change -- and Coinbase is struggling in the country; SailPoint is selling to private equity for $6.9 billion.Turning the clock back, the Ellevest round is very cool.And to close things out, NIO's production is on hold in China due to COVID issues. Such much for supply chain recovery. This week is TechCrunch: Early Stage, which is going to be good fun. See you there!
Startups+in+2022+are+indeed+%E2%80%98harder%2C+Better%2C+Faster%2C+stronger%E2%80%99
access_time3 months ago
This was our live show week! Yes, Mary Ann and Natasha and Alex got together with Grace for our Friday recording on Thursday, meaning that we gathered on Hopin and Twitter Spaces to yammer through the week's news. It was a very busy week, with breaking news up to the minute before we recorded -- including this piece from the Better.com saga.Square’s Better.com name Block is Butter-y smooth Failure is a choose-your-own adventure for startupsWill rising interest rates decimate startup valuations?Is today's market sad or sane?So! What did we get into? A lot:How Conceive is helping people manage the matter of infertility, Cottage raising $15 million to make ADUs more common, and how Tandem is taking on the hybrid work future.Next up was Austin, Mary Ann's home turf. We held an event there this week that we touched on, but the main thrust of our chat circled around this piece.From there it was time for the bad news -- including layoffs at Workrise, Better.com, and the implosion of Fast. The startup market is changing, and not every company is going to make it out the other end of 2022 it appears.And we closed out with our take on all things Elon and Twitter, including this three views piece and why it's hard to build a single-person social network.And with that, we are back Monday morning. Chat soon!
Failure+is+a+choose-your-own+adventure+for+startups
access_time3 months ago
This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, given a parade of headlines and news that Fast shut down, Natasha and Alex asked: What are we missing when we talk about startup failure?The question comes after one of Natasha’s recent Startups Weekly columns, where she looked into the complexity of startup failure, fallacy of takedown stories, and importance of diversity in newsrooms. Here's an excerpt:"There’s the argument that startup tensions are inevitable and common, so should we spotlight every time something bubbles to the surface, especially at the cost of an underrepresented founder who may just be doing their best? There’s also an argument that the business is messy, so we should report on the issues as we hear about them; and there’s the narrative of the female takedown story, in which people believe that women are targeted by the press more than men due to unreasonably high standards."In today's episode we discussed our own definitions of failure past Theranos and WeWork, current examples of rising tensions, and what this means for early-stage startups and historically overlooked founders. There's been more layoffs recently, some notable valuation cuts, and the implosion of Fast to weigh against 2021's strident startup optimism. That makes this the perfect time to dig into the topic of failure, and how to cover it from a startup perspective.Finally, as promised, here's a look at our artsy depictions of the startup failure cycle:https://twitter.com/nmasc_/status/1511365442249580548Don't forget that Equity is live this Thursday, and you can you come hang out with us on Hopin (free, and you can ask questions) or Twitter Spaces (free, but you cannot ask questions) if you'd like! See you then!
Equity+Monday%3A+Elon%27s+Twitter+stake+and+the+fate+of+rival+social+networks
access_time3 months ago
Every Monday, Grace and Alex scour the news and record notes on what’s going on to kick off the week.After last weeks super startup-heavy show, we were back to our regular Monday grab-bag of news! Here's what we got into:A strong start to the week from global stocks, and a general updraft to crypto prices in recent days.Elon Musk buying a huge stake in Twitter, the popular American social network. The move comes after the Tesla and SpaceX CEO tweeted that Twitter was not allowing enough free discourse. Naturally we look forward to yet another idealist learning about content moderation, but we're also tracking Twitter rivals, making the situation both complex, and entertaining.PrimeBlock is going public via a SPAC! The deck hadn't dropped in time for the show, but the initial release is here.From the rest: Tesla deliveries were hot, lemon.markets raised $17 million, and Jumia is working with UPS.Equity is live this week, so swing by to hang out if you want to this Thursday. Else we are back on a regular cadence!
Instacart+now+delivers+market+trends
access_time3 months ago
Welcome to our Friday show! Our regular co-host Natasha was off this time, so Mary Ann and Alex linked arms with our producer Grace to blast our way through the news of the week. As always, we had to pick and choose what seemed to matter the most.Here's what we got into:All Things Y Combinator: Here's our first set of favs, and our second. Here's a rundown of fintech companies from the batch, and our look at the Indian participants, and those hailing from Africa.Instacart as trendsetter: The well-known grocery delivery company has lowered the price at which it will value employee equity comp, something that could become a trend. It seems so, with Instacart leading a potential vanguard of similar actions from other companies in time. Also we're thinking about how startup valuations could regain their shine.Gaming: With the huge Axie Infinity hack making headlines, we talked about the matter and how other startups are tinkering with the play-to-earn market.And we closed with the topic of social networks, what Elon Musk is up to, and how Facebook managed to confirm everyone's suspicions about its ethics. Whew! What a week, y'all. Chat Monday!
Demo+days+definitely+amplify+a+brand%2C+but+not+the+one+you%27d+think
access_time3 months ago
This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, in light of Y Combinator's bi-annual demo day, Natasha and Alex asked about the utility of the parade of pitches. Our big question:Are demo days outdated?The question comes after Natasha’s latest Startups Weekly column, where she looked into the trend of everyone constantly trying to re-invent startup accelerators. We've seen everything from in-person events, to virtual pitch-a-thons, to record efforts, and more. Name it, it's been tried.Today's show is a continuation of that conversation, specifically digging into how demo days served founders in the past, and how they amplify in the present. There's a good bit of factors that jolted things up, including the proliferation of accelerators, a boom in pre-seed funding and the pandemic forcing programming to go remote. We also ask for whom are demo days really for?Listen in to hear what we landed on, disagreed with and picked for founders to focus on today.
Gearing+up+for+demo+day
access_time3 months ago
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Every Monday, Grace and Alex and Kell scour the news and record notes on what’s going on to kick off the week.This week had a theme. Which was startups. Lots and lots of startups. Here’s the rundown:Markets are mixed this morning, with strong crypto trading results and big news from Tesla.The weekend’s leading conversation in the tech and startup world was about this analysis regarding crypto upstarts not giving out board seats to investors. Call it peak founder-friendliness? It’s also a huge risk, as investors have taken board seats for a reason, historically. All the same, you gotta win those deals.Y Combinator Demo Day is this week: We are going to see hundreds of startups make their pitch in rapid-fire fashion. Sure, many will have already raised capital, but the capitalist confab is still worth watching. I am looking for API-led startups and any hints about where DAOs are heading, personally.Zepto raised, which TechCrunch covered here, and I had a few thoughts about.The big tech landscape is quiet this week thus far, which means we can focus in on startups. See you at demo day tomorrow! 
It%27s+a+fintech+world%2C+and+we%27re+just+living+in+it
access_time3 months ago
It was a live recording this week, which was good fun. Our co-host Natasha was off, so Mary Ann and Alex teamed up with Grace to hammer our way through the news of the week live, with friends on Hopin, Twitter Spaces, and other locations on deck to hang out and ask questions.Down a co-host or not, we tackled a whole slew of topics, including:Katie Haun's new mega crypto fund, and why the blockchain world seems to be so capital hungry.The simply bonkers pace at which Jeeves, a fintech startup, has accreted value in successive funding rounds.Ramp's latest round brought up the question of fintech vs. the world, and how startup commentary can at times miss the mark slightly.From there we pivoted to CEO changes at Kickstarter (here) and Cityblock Health (here). The changes were a jumping off point to the never-ending question of when startups should think about replacing their founders as CEOs.And we closed with a look at Forge's neat SPAC launch, and what its positive debut could mean for unicorns more generally.Also you can snag Mary Ann's fintech newsletter here, which is going to launch in short order. Get hype!
The+%242B+dollar+baby
access_time3 months ago
We had an illness on the team, so instead of recording our usual Wednesday deep-dive, we reached into our recent archives and pulled the audio from a Twitter space we did the other week. In short, it's a Friday-style episode covering a host of topics, but just a little bit late, and on a different day.The Equity team -- Natasha, Mary Ann, Maggie, Grace, and Alex -- were not about to cut back on feeding you the latest and greatest from the startup world. (Oh, and we have a live show on Thursday, see you there!)What did we talk about? The following:Venture capital rounds for WorkWhile ($13 million) and Alloy Automation ($20 million).Mary Ann's reporting on Forage, focused around where its founders worked before building the fintech startup. Hint: Grocery delivery.Then we dug into the changes at Clearco, and what happens when founder dynamics shift. And we used the story to chat a bit about how the growth focus amongst young tech companies is changing.It was a very good time. Back soon, so chat then!
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