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.

Equity Monday: Instagram pauses youth product as Amplitude, Warby Parker prep public offerings

The intersection of technology, startups, and venture capital touches everything now. That’s why Equity unpacks the numbers and nuance behind the headlines for entrepreneurs and enthusiasts alike.  Every Monday, Wednesday and Friday, TechCrunch reporters Alex Wilhelm and Mary Ann Azevedo keep you up-to-date on the world of business, technology, and venture capital.

Equity is ranked the No.2  podcast in the Top 100 Venture Capital All time leaderboard on Goodpods—As well as No.17 for the Top 100 Finance All time chart and No.32 for the Top 100 Business News All time chart.

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Today we dug into the latest markets news, including upcoming earnings, IPOs, and what impact — if any — the recent bitcoin halving had on its value. But the money news did not stop there.

We also had two new venture capital funds to discuss, including a new vehicle from Seraphim focused on space, and TLcom Capital’s new Africa-focused fund. From there, it was time to chat EVs and what impact recent price cuts are having on the value of EV companies. To close out, we dug into the emerging startup cluster in vector databases and search.

Salesforce's silly deal dies as we keep our eyes on Ibotta and Rubrik

This week, Mary Ann talked to Hans Tung, managing partner of Notable Capital (formerly GGV Capital), which is focused on investing in the US as well as in Europe, Israel and Latin America. 

Hans, whose portfolio includes the likes of Airbnb, StockX and Slack, discussed why he still believes in down rounds, the importance of long-term thinking and the current state of startup investment. We also dug into why Hans is so bullish on fintech and the sectors within fintech that especially have him psyched, the recent changes at his own firm, and why there have been so many personnel changes at VC firms as of late.

Notable Capital's Hans Tung on the state of VC and the upside to down rounds

It’s been more than a minute since Tesla went public, but the EV company was inescapable on TechCrunch this week. From layoffs to pricing changes and more, it was a week dyed deeply in Tesla colors, so we had to chat through the latest.

But that was just one element of what we got into on Equity this week. We also dug into Mary Ann’s reporting about Ramp’s latest round — and up valuation — that fit neatly next to Rippling’s own impending fundraise. If you are handling money, it’s a good time to be a startup.

The team also dug into Cherub, which wants to connect investors and founders, Maven Ventures’ consumer investing push, and touched on what Mercury is up to. All told, we were fortunate to have Kirsten Korosec along with us this week given the sheer volume, and diversity of news to chew through.

Tesla’s busy week, and is fintech having a moment?

Today’s Equity episode is focused on all things startups, which means we got to chat through NASA's $11 billion opportunity for space startups, Two Chairs’ recent and massive Series C, Quilt’s heat pump work and fundraise, and several IPO updates. Here’s hoping that after Ibotta and Rubrik get out the door, more IPOs follow.

Also on the show today was a grip of venture capital news. Bay Bridge Ventures is raising a $200 million climate fund — it has lots of good company there, given rising LP interest in climatetech more generally — and a SpaceX alum is building a new VC firm that we covered.

To close, the massive, gobsmackingly big $7.2 billion worth of new funds from a16z. We dug into their breakdown on the podcast, but the short version is that it appears that the venture slowdown has not managed to impede the venture firm’s golden touch when it comes to fundraising. Hit play, let’s have some fun!

An $11B bonanza for space startups, and where is all that a16z money going?

Equity is back with two critical headlines this morning. First, OpenAI is going to Japan with plans for an office in Tokyo and a new GPT-4 model for the Japanese language. Given that the US, the EU, and China are all racing for leadership in AI, OpenAI’s expansion into the Japanese market could expand the list of leading blocs and nations.

The second critical piece of news this morning comes from Tesla, which is cutting more than 10% of its total global staffing. The company told employees the cuts were due to role duplication, but with the company also cutting prices and seeing its growth ebb, demand concerns are being discussed as a partial driver for the cost cutting.

And there’s lots more going on: The upcoming Rubrik IPO is leaking early pricing ranges, ShareChat’s valuation is taking hits, and global smartphone sales are picking up. To work!

Equity Monday: Instagram pauses youth product as Amplitude, Warby Parker prep public offerings

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