Equity Monday: More money for fintech, Deliveroo's IPO, and AI startups

Equity Shot: All about the Qualtrics IPO: Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. After the morning show went out, the Equity crew could not shut up about the Qualtrics-SAP deal, so we had no choice but to jump back into recording mode for an off-the-cuff Equity Shot. As always, Shots are short-form Equity episodes that focus on a single, news topic. by Equity

14 min listen

Looking at how GenZ has changed fundraising: The TikTok saga continues: This week we spent a few minutes discussing why bankers are incentivized to make the proposed TikTok-Microsoft deal as competitive as possible. Or at least make it look as competitive as possible. And, there's some data from inside Microsoft about how the deal is being viewed. Airbnb could file to go public this month! It might go public before the year is out! That's way better than we expected. (Bloomberg got its Q2 finances.) Palantir could file for a direct listing next month! That's great. We wanted to know what Palantir really is, namely a consultancy or a tech company. And then we played valuation bingo so that we can look back later and mock ourselves. I was very excited about the Duck Creek IPO. Few of my friends joined me in being excited. The three of us also took a minute to riff on the latest Pinterest news, namely that it's poorly run and is sexist per its now-former COO. We'd love to stop coverin by Equity

37 min listen

Equity Shot: Everyone filed to go public Monday: Natasha and Danny and Chris and myself all piled back onto the mics to dig through all the numbers. Here's a rundown of the companies we went through: Palantir, which filed its formal S-1 during our recording session. Danny covered most of the news last Friday, but the public doc is now live, so happy sleuthing. Unity's huge IPO that shows how big gaming is. Natasha connected it to the broader Apple-Epic dustup, and we all reviled in its growth results. Snowflake had Danny so excited he was conjuring scripted segues, and we were all impressed at its historical growth. Sure, it lost a lot of money last year, but, hey, Snowflake has dialed that back as well. And then there was Asana, a company I've covered quite a lot over the years. Our general take is that the company's growth has been good, if it is losing more money than we anticipated. Still, Asana could set a neat new precedent of raising debt ahead of a direct listing. This is one by Equity

29 min listen

Equity Monday 8/3: Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest big news, chats about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here, and myself here, and don’t forget to check out last Friday’s episode. by Equity

8 min listen

Give us your seed round and we will send back double: Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week was full of news of all sorts, but as we recorded both Danny and Natasha were still locked out of their Twitter accounts after a proletariat revolution on the social platform saw the ruling Blue Checkmark Class forced into silence. That's not really what happened, but it sounds better than actually went down at Big Social. by Equity

34 min listen

The 3% gap in no-code: Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. by Equity

32 min listen

The iron rule of founder compensation is dead: Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. by Equity

35 min listen

Equity Monday 09/21: What a busy morning. We had to cover TikTok. We had to talk VC rounds. So, this is what we got up to: US tech stocks are poised to sell off further this morning. The Oracle-TikTok-Walmart-ByteDance deal is either coming into focus, or a period of even less clarity. It's hard to tell. Nikola founder Trevor Milton is leaving the board of his own company in the wake of fraud allegations. Shares of the company are sharply lower in pre-market trading. Turning to TikTok, this primer represents the best over-the-weekend roundup that we could find. But, of course, things are still breaking as we come to print. Since recording, Oracle has said that "upon creation of TikTok Global, Oracle/Walmart will make their investment and the TikTok Global shares will be distributed to their owners, Americans will be the majority and ByteDance will have no ownership in TikTok Global." And, President Trump said this morning that China has to give up control of TikTok or the deal is off. by Equity

9 min listen

Schools are closing their doors, but OpenDoor isn’t: This week Natasha Mascarenhas, Danny Crichton and myself hosted a live taping at Disrupt for a digital reception. It was good fun, though of course we're looking forward to bringing the live show back to the conference next year, vaccine allowing. Thankfully we had Chris Gates behind the scenes tweaking the dials, Alexandra Ames fitting us into the program, and some folks to watch live. What did we talk about? All of this (and some very, very bad jokes): by Equity

30 min listen

Equity Shot: Our favorite startups from YC Demo Day: Yep, it's another Equity Shot. We're back. And then we're going to be back on Friday. Because we can't stop talking about the biggest news week in the world of startups and venture capital in some time. Before we start, shoutout to the NBA for the growing, wildcat strike to protest racist police violence in America. Ok, back to our regularly scheduled programming. This time 'round Natasha and your humble servant were joined by Lucas Matney, a member of the TechCrunch reporting team and a first-timer on Equity. Where's he been all this time? Covering all sorts of things, including VR startups for the publication. He was also a big part of our coverage of both days of Demo Day, making him a perfect fit for this episode. Danny was given a break to sit at home, play board games, and iron his favorite sweatshirt. He's back Friday morning. In case you've missed the words, here's what we wrote this week on the subject: All the Day One by Equity

24 min listen

Equity Monday: No, tech news doesn't stop over the holidays: This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here — and don’t forget to check out the first of our two holiday eps, the last one talking to VCs about what surprised them in 2020. Anyhoo, from vacation, here's what Chris and I got up to: A report looking at how ecommerce changed during 2020. The epic carnage surrounding the Chinese government's clamping down on its tech sector (more here, and here from TechCrunch). Lalamove raised $515 million in a Series E. Yuanfudao raised another $300 million. Indian startups did not have the strongest year of venture fundraising, which felt a bit surprising. And it doesn't appear that Japan did either. But here in the United States, holy shit things were bonke by Equity

9 min listen

Go SPAC yourself: Hello everyone, it's a busy week with TechCrunch Early Stage underway and a slew of tech earnings to parse through. But that didn't stop the Equity crew from sitting down to chat about the recent wave of SPAC commentary Danny and I wanted to talk about what a SPAC is -- the acronym stands for special purpose acquisition company -- and why everyone seems to be chatting them up. by Equity

16 min listen

Equity Monday 07/27: Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest big news, chats about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here, and myself here, and don’t forget to check out last Friday’s episode. by Equity

9 min listen

A faster, easier, cheaper way of going public: This is the fourth episode of the week, pushing our production calendar to the test. Happily we've managed to hold it together amidst the news deluge that the last few days have brought. It was a good week for our scheduling change, with the main episode of the show coming to you on Thursday afternoon versus Friday morning. Change is good. But unchanging this time around was our hosting lineup, with Natasha Mascarenhas and Danny Crichton and myself yammering with Chris Gates on the mix. Here's what we got into: The CEO of TikTok is out, bids are swirling, and whom will wind up owning a piece of all of TikTok's global operations is not clear. Walmart is in the mix, apparently, which feels very 2020. The New York Stock Exchange has gotten approval from the SEC for a new type of direct listing, one in which the company going public can sell a bloc of shares during the normal price discovery process. This means that all the banker-faff of s by Equity

30 min listen

The rules of VC are being broken: Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast (now on Twitter!), where we unpack the numbers behind the headlines. As ever I was joined by TechCrunch managing editor Danny Crichton and our early-stage venture capital reporter Natasha Mascarenhas. We had Chris on the dials and a pile of news to get through, so we were pretty hype heading into the show. by Equity

36 min listen

No-code is the new blockchain: This week Natasha was on vacation, so Danny and your humble servant had to endeavour alone. She's back next week, so we'll be back to full strength as a collective soon enough. But even with a depleted hosting crew, we had a mountain of news to get through. And to joke about, as Danny was in the mood for a laugh. Here's the rundown: by Equity

39 min listen

Why isn't Robinhood a verb yet?: This week Natasha Mascarenhas, Danny Crichton and your humble servant gathered to chat through a host of rounds and venture capital news for your enjoyment. As a programming note, I am off next week effectively, so look for Natasha to lead on Equity Monday and the both her and Danny to rock the Thursday show. I will miss everyone. But onto the show itself, here's what we got into: by Equity

37 min listen

Equity Monday 08/17: This morning we had a bit of a detour, wandering into the world of BigTech to wonder what is going on with those megacorps. Too big for their own good, or too big to be good, here's what's up with the incumbents: Germany is taking on Amazon at the very same time that Canada is taking on Amazon, meaning that the Seattle giant is taking shots from two key markets at the same time. Google is having a war of words with Australia, after a ruling in the country didn't go its way. Walled gardens are seeing their walls come under heavy fire, which means that Apple and Google are fighting both sides of their marketplaces (producers, consumers) at once at the moment, which isn't great. And Microsoft might buy TikTok. All told it seems that the biggest tech companies are busy defending their market position instead of re-earning it with great products. A good time for startups? I think so. When incumbents are busy fighting with governments, themselves, and each other, it's by Equity

8 min listen

Equity Monday 08/10: Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest big news, chats about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here, and myself here, and don’t forget to check out last Friday’s episode. by Equity

9 min listen

Equity Monday 09/14: What a weekend behind us, and what a week ahead. Disrupt kicks off today, so the TechCrunch crew is busy as heck getting all the final touches put on. Snag a ticket here and we will see you soon. On the podcast this morning: Stocks are set to open sharply higher as we hit record, a good and welcome comeback for investors in both private and public tech companies. The NVIDIA-ARM deal is finally a go, so we can put the entire saga to rest at last. All things TikTok: Microsoft losing the deal, Oracle possibly winning the deal, the Chinese government saying no to the whole affair, and the Chinese government only saying no to part of the deal? What is clear is that the deal is under pressure to happen and not to happen. We'll know more soon. Descartes Underwriting raised $18.5 million for its insurtech solution, while Xometry raised $75 million in a Series E for offshore manufacturing in factories with spare capacity. GoJek and Grab may merge. And, finally, the CBP is by Equity

9 min listen

Warren Buffett invests in an unprofitable business: The whole crew was back, with Natasha Mascarenhas and Danny Crichton and myself chattering, and Chris Gates behind the scenes tweaking the dials as always. This week was a real team effort as we are heading into the maw of Disrupt -- more here, see you there -- but there was a lot of news all the same. by Equity

33 min listen

Equity Monday 07/20: Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest big news, chats about the coming week, digs into some recent funding rounds, and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here, and myself here, and don’t forget to check out last Friday’s episode. by Equity

8 min listen

Equity shot: Airbnb's IPO is finally here: Today we have an Equity Shot for you about Airbnb's S-1 filing, as it looks to go public before the year is out. First we get into Airbnb's macro performance, which shows a stable picture historical revenue growth. There is a ton of numbers to get to so get ready for a quick dive into net revenue, gross margins, and losses. Then we discuss the dramatic drop in bookings, the promising comeback, and if short-term travel is Airbnb's future. There's a weird quarter of profitability that you should all know about, and a heads up on what to look for in Q4 numbers. Finally, we talk about the bullish and bearish case on Airbnb, which poetically filed the same day that Moderna announced a promising vaccine trial. by Equity

13 min listen

Equity Monday 09/28: This is Equity Monday, our weekly kickoff that tracks the latest big news, chats about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. I subbed in for Alex this week, so send your love over to the show on Twitter here and fan mail to me right here. Also, don’t forget to check out last Friday’s episode. This week, we couldn't help but weigh into the latest TikTok drama, but we got into why it's worth following these budgets and moves (and a whole host of other fascinating news): by Equity

11 min listen

No parties allowed at the Airbnb IPO: Here’s what Natasha and Danny and Alex got into this week: The public markets are afire these days with Apple reaching $2 trillion in market cap, and Tesla’s stock doing all sorts of odd things. In short, stocks have only gone up for a while and that means that there’s warm, nigh-stuffy temperatures around assets of all types. This is leading to a surge in liquidity, unsurprisingly, as asset managers of all types look to take advantage of the times. So, Asana is prepping a direct listing, Airbnb has filed privately, And ThredUp is eyeing an early-2021 IPO. Around the same time as Coinbase, we’d reckon. Airbnb banned parties as well, which wound up being the title of the show. And SPACs are still happening in rapid-fire fashion. The Equity crew is not super impressed about the whole affair, but I’ll say that with Paul “Fucking” Ryan involved, it’s probably a sign of the top. And capping the liquidity chat, Natasha ran us through by Equity

33 min listen

Edtech is the new SaaS: The whole crew was back, with Natasha Mascarenhas and Danny Crichton and myself chattering with Chris Gates behind the scenes making it all work. An extra shoutout to Natasha this week as we spent a lot of time talking about edtech, a category that she spearheads for us and has brought to the show. It's a big deal! We're on YouTube now, don't forget, and with that, let's get into the news: Climax Foods raised $7.5 million to help fuel its work to develop alt-foods that are not animal-based. The Equity crew votes that this is a tasty deal. And, Capchase has raised $4.6 million to help cash-out SaaS contracts ahead of their real revenue accrual. Our read is that more financing options for SaaS companies will lead to lower costs of capital for those startups that want it. And, the Envision Accelerator made it through batch one and is on to batch two. Then we chatted about edtech, with Natasha talking us through Owl Ventures raising huge new funds, Course Hero ext by Equity

38 min listen

Equity Monday: Edtech and insurtech stay red-hot: This morning was a somewhat odd episode of our Monday show, in that the American election is tomorrow. Still, some things happened. So, here they are: Match, Uber, Alibaba, Square, Dropbox, EA, and Roku are expected to report earnings this week. The UK's venture capital industry is even less focused on investing in diverse founders than you thought, with our own Natasha Lomas reporting that "all-ethnic teams received an average of just 1.7% of the venture capital investments made at seed, early and late stage" between 2009 and 2019. The edtech boom is lifting all boats, it seems, not just those that belong to startups. Chegg's growth is picking up media attention. Marshmallow raised $30 million for its auto-insurtech product. The insurtech market is super hot these days, after the Lemonade and Root IPOs. Tencent led $50 million into Zego, another company that wants to provide video communications services to other companies. Warre by Equity

8 min listen

Equity Monday 10/19: American equities are set to rise, which is good news for the startup-VC world as it means that the current up-cycle will continue. But the good public market is not landing evenly, as Europe sees its VC-backed IPO tally lag the rest of the world. by Equity

9 min listen

Equity Monday 08/31: This weekend was a welcome reprieve from last week's insane news cycle inside the world of technology and money. If you are still catching your breath from the Great IPO Wave of last Monday, we feel you. Here's what we got into this morning: The TikTok sale could be in trouble, this time due to China changing its rules on sales of tech firms that have certain algorithms. TikTok parent company Bytedance intends to comply with the rules, but what impact the news could have the sale of the social service is unclear as of yet, though the developments are not good if you were in favor of a deal. American tech shares are set to rise once again after setting records last week. Equity is back on YouTube, hell yeah! From the weekend: Medium's growth in both traffic (pageviews) and income (paying subscribers) is super impressive according to its latest reporting. And the publishing platform and media company is doubling-down on product to fend off upstarts like the popular by Equity

9 min listen

Equity Dive: Edtech’s 2020 wakeup call: This week, we're doing a first-ever for the show and taking a deep dive into one specific sector: Edtech. Natasha Mascarenhas has covered education technology since Stanford first closed down classes in the wake of the coronavirus pandemic. In the wake of the historic shuttering of much of the United States' traditional institutions of education, the sector has formed new unicorns, attracted record-breaking venture capital totals, and most of all, enjoyed time in a long-overdue spotlight. by Equity

26 min listen

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Equity Monday: More money for fintech, Deliveroo's IPO, and AI startups

Equity Monday: More money for fintech, Deliveroo's IPO, and AI startups

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