Equity

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 founde

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 fac

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 responsib

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 coul

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

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! Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.

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

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! Credits: Equity is produce

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

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 con

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. Credits: Equity is produced by Theresa Locon

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 cr

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!

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

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

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 ne

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, a

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

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 anymo

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 Sta