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 Thursday's epic run of early-stage rounds.

It was busy this morning. So, in blocs, here's what the show got to:

• This COVID news made me smile, even if the markets are set to open lower this morning after a big end to last week. So much for bad labor data mattering, I suppose.
• Airbnb's IPO range is set to rise, boosting the company's valuation to as much as $36 billion, and $41.8 billion on a fully-diluted basis.
• Bloomberg got its hands on some Sequoia returns data. Shockingly the data is good. Who could have imagined.
• Sourcegraph raised even more capital, raising both our eyebrows and its valuation.
• Luko added $60 million to its coffers, showing that the insurtech boom is not merely a United States-phenomenon.
• And in short-form: Highland Europe has a new fund, and Wonder raised.
• Here's the Extra Crunch piece that I helped write with Danny and Natasha.

And that was our show. Hugs from here, and chat Thursday at the latest.

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.