Equity Monday: China hates crypto, and the Vision Fund's vision lives on

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

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

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 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

Equity Monday: SAP’s warning, and IPO updates for both Airbnb and Databricks: This was a busy morning, with lots to talk about it. Here’s what we got into: Headlines this morning that caught our eye included falling global stock markets in the wake of rising COVID-19 cases; SAP torched tens of billions of market cap by missing earnings expectations and cutting its forecast; and Ant Group will raise a bajillion dollars in its impending IPO. by Equity

8 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

Equity Monday 10/05: Starting the day American stocks are set to rise despite the country's president spending the weekend in a military hospital to combat his COVID-19 infection. The weekend itself was marked with national turmoil as information was incomplete, and shifting when it came to the health of the current administration. by Equity

8 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

A tale of two direct listings: Two direct listings in one day. Lots to talk about. Asana started trading just a bit after noon Eastern today, quickly zooming to roughly about $29 a share in early trading this afternoon. Meanwhile, Palantir is running like a herd of bulls straight out of the gate, jumping to almost $11 a share in the first trades — a first day jump of nearly 50%. by Equity

12 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

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

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

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

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

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 08/24: What was on the docket this morning? All sorts of good stuff, though the Sumo Logic S-1 did drop just after we wrapped. Here's today's rundown: YC Demo day is this week, so make sure to stick around TechCrunch and Extra Crunch for all our coverage. SPACs continue, with more automotive companies looking at alt-routes to the public markets. This time it's Luminar. And, here's the Bill Gurley post that we promised to link to. E-commerce and on-demand are booming in China after we saw similar results via Uber and domestic e-commerce players. The Fortnite-Apple brouhaha continues with more filings and even Microsoft weighing in. At the same time TikTok v. The United States appears set to go to court. (Zuck is behind some anti-TikTok Washington sentiment, it appears.) The Palantir S-1 has gone missing. Where is it? Give it to us! Dataiku has raised $100 million for its enterprise AI platform. Forbes has more. Datasembly has raised $10.3 million in new capital for its IR by Equity

10 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

Tech optimism...in this economy?: Right, here's what Natasha, Danny, and your humble servant got into this week: The huge COVID-related hit that public markets took this week, with tech getting hit extra hard. An antitrust brouhaha! As the Vista-Plaid deal and others gets a hard look, we wondered what it could all mean for startups were a bit more suited for M&A than an IPO. Up next we dug into how founders are raising money before they even quit their jobs, a trend that Natasha is digging into. From there it was a Danny segment, riffing on his 2020s piece, and dive into where he sees the most ripe chances for startups to truly change the world. We just hope the capital follows the opportunities. Then it was time to talk accelerators, with Natasha detailing on the Indie Bio class, and my taking of the show through some recent Techstars companies. VCs raised too, with the three of us talking about The Engine and Impact America raising fresh new funds. And then we chatted about th by Equity

33 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

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

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 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

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 Monday on Tuesday 09/08: 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. Headline roundup: TikTok's parent will pay an irregular bonus to staff, a move that is causing ripples as Bytedance's social service finds itself an international political football. Reed Hastings is not big on working from home. And China's fight with Australia is escalating, again showing how willing China is to become an ostracized internationally; in business terms this makes the India market more important to tech companies. New IPO filings are out from both JFrog and Sumo Logic. We're going for a dive soon, but the short riff is that JFrog wants up to $37 per share, valuing it at more than $3 billion while Sumo Logic wants $21 per s by Equity

9 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

What if the kernel is corrupt?: This week, Alex is on a much deserved vacation (but not from Twitter, it seems) so Danny Crichton and I chatted through the news and happenings of the week. Somehow we winded our way through the latest tech controversies, gave Chris Wallace a shout out, and ended with some funding rounds. I’ll be out next week so don’t miss me too much, but expect the entire Equity team to be back full-speed in mid-October. Thanks, as always, to our producer Chris Gates for his patience and diligence. by Equity

35 min listen

Equity Monday 10/12: So, what was on our minds this morning? Headlines: The Twilio-Segment deal is real, happening, and is priced about where we expected. Big names in the ex-China Internet want to make encryption worse. And, how the United States government would break up Google is becoming clearer by the week. On the Twilio Segment deal, as TechCrunch and Forbes anticipated, the transaction came in around $3.2 billion, forming something of a API monster from their combined form. As we noted on the show, a lot of investors made a mint from the transaction. Airkit has raised $28 million while in stealth since 2017. What does it do? Per Forbes, it's a "low-code platform" that wants to "improve customer engagement." That's notably similar to what Segment does. Flash Express raised $200 million, as the on-demand and delivery spaces stay hot. And Razorpay raised $100 million at a valuation of $1 billion, meaning that we have just witnessed the birth of yet another fintech unicorn. And, fin by Equity

8 min listen

Equity Shot: The DoJ, Google, and the suit could mean for startups: It's a big day in tech because the US Federal Government is going after Google on anti-competitive grounds. Sure, the timing appears crassly political and the case is not picking up huge plaudits thus far for its air-tightness, but that doesn't mean we can ignore it. by Equity

12 min listen

Quibi’s shortform life: The fall of Quibi, and who lost money in the mix. TechCrunch has a bit more on the video service's downfall here. The Netflix quarter, and why its shares lost ground after its report. The Quibi-Netflix stories show that it's not smooth sailing in the market for online video. If Netflix stumbled, Snap soared with stronger-than-expected growth. The company still loses lots of money, but it's getting closer to reasonable results, and has lots of cash. Then we turned to a few media startups that raised, including $4 million for Stir and $2.5 million for Quake. Quake the podcasting company, mind, not the excellent FPS. Next was a handful of housing rounds, including the very neat Abodu and the somewhat controversial RVshare, which split the three of us about whether or not it was going to work out. Then we had some great reporting from Natasha to parse through, including her piece on startup hacker houses, and her report on a new women-focused accelerator class. by Equity

36 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

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Equity Monday: China hates crypto, and the Vision Fund's vision lives on

Equity Monday: China hates crypto, and the Vision Fund's vision lives on

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