29 min listen
Hey, stuck startups, reducing growth could make you less fundable
FromEquity
ratings:
Length:
29 minutes
Released:
Jul 7, 2023
Format:
Podcast episode
Description
We're switching things up and bringing you two interviews this week, so let's niche down to a single person, think about their work and unpack the rest.Mary Ann took the lead this time, and she sat down (virtually) with Immad Akhund, the CEO and co-founder of Mercury. For those who are unfamiliar, the fintech made headlines earlier this year for how it stepped in to help fill the business banking void left in the wake of Silicon Valley Bank's collapse. Here's what the pair caught up on:Mercury's impressive growth in the months since SVB crashedLessons learned from Immad's angel investing experienceWhat Immad calls the "Startup Death Spiral" and how to escape itAs always, Equity will be back for you bright an early Monday morning. Talk soon!For episode transcripts and more, head to Equity’s Simplecast website.Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together and more!
Released:
Jul 7, 2023
Format:
Podcast episode
Titles in the series (100)
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