Equity

Equity

By TechCrunch, Rebecca Bellan, Kirsten Korosec, Anthony Ha, Sean O'Kane, Theresa LoconsoloBusinessEntrepreneurshipNewsTechnologyBusiness News
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Equity episodes

  • YC, OpenAI and the trough of disillusionment

    Here's what Mary Ann, Alex and Kirsten  got into this week:

    • The writer’s strike is over, and we have thoughts about its implications on AI.
    • OpenAI is allowing some shareholders to sell stock, and the resulting valuation could be pretty darn high.
    • Electric boat startup Arc has raised about $70 million? We aren’t about to drop the coin needed to buy one of those, but the idea is neat nevertheless.
    • Alex wanted to talk about fluctuations in the venture and stock markets. Is the mini-tech recovery already fading after a dismal September?
    • Mary Ann wanted to talk about YC. Kirsten broadened the conversation to include the role of accelerators in the startup world more generally. Are the vibes shifting?
    • Finally, the tech labor market: As layoffs subside — though new cuts are still being announced — it may be a great time for startups to hire key talent.
    • And before we go: check out the UpFlip Podcast  where you get to unravel how great businesses are built, how they are run behind the scenes and how their success can be replicated. We think you'll love episode 79 where they featured this guest who transformed his passion for gardening into a $7.3 million-a-year venture. You can find the podcast on Youtube or wherever you listen to podcasts.

      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 and more!

      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.

      Learn more about your ad choices. Visit megaphone.fm/adchoices

      37 min
    • Don't forget to jargon check your AI

      This week on Equity, Alex was joined by Nathan Baschez, the CEO and founder of Lex, an AI-infused online writing tool that recently raised capital. Together, we're talking through a few key topics that have been top of mind in recent months:

      • How many AI-powered, or AI-using writing tools can the market support?
      • How far into the generative AI moment we are, and how much we should anticipate in the form of technology improvements?
      • And then we discussed the nuts and bolts aspects of pricing an AI-powered service and other financial matters related to building a service today that leans on artificial intelligence.
      • The last question is far from idle. Recall that back in 2020 there was conversation amongst venture players about the economics of AI startups, with the perspective at the time indicating that while the cohort might have more difficult early economics, that their numbers (gross margins, really) would improve over time. But what about when a startup is using, say, an OpenAI API for its core AI work? Will similar efficiencies bloom?

        Equity is back into its regular groove now that Disrupt is behind us — more to come! 

        And before we go: Check out the UpFlip Podcast  where you get to unravel how great businesses are built, how they are run behind the scenes and how their success can be replicated. We think you'll love episode 79 where they featured this guest who transformed his passion for gardening into a $7.3 million-a-year venture. You can find the podcast on Youtube or where ever you listen to podcasts.

        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 and more!

        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.

        Learn more about your ad choices. Visit megaphone.fm/adchoices

        32 min
      • Equity Monday: Everyone loves Anthropic

        Equity is back from Disrupt and  fired up for the rest of the year. Here’s what Alex got into today:

        • Stocks are not peppy to start the week, while crypto prices have also moderated in recent days.
        • Alex could not not talk about the Cisco-Splunk deal, mostly to promise that he’ll finish that post today come hell or high water.
        • The Amazon + Anthropic news is the biggest item of the day. A $1.25 billion deal that could stretch to $4 billion is no small fee. And with Google and Amazon and Anthropic tied up and Microsoft buddied to OpenAI we could be seeing big tech choosing sides in the LLM model war.
        • Meta is building AI chatbots, while Apple is working to build more stuff in India.
        • To close out, Correcto’s neat round, and the finalists from Startup Battlefield 2023 — more on the winner of Battlefield here.
        • 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 and more!

          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.

          Learn more about your ad choices. Visit megaphone.fm/adchoices

          10 min
        • Are you feeling Disrupted?

          The Equity crew is back with another live recording from the Moscone Center in San Francisco for TechCrunch Disrupt 2023. Alex, Kirsten and Becca sat down to recap a very busy (and dare we say successful) event, and walk through our favorite moments for the listeners who couldn't make it out this year.

          Here's what we got into:

          • Providing early liquidity to founders and employees
          • What advice VCs are giving their early stage founders 
          • Why Cruise might join the call to ban human drivers in city centers
          • And why Shaq can do whatever he wants.
          • We recorded shortly before the winner of Startup Battlefield was announced, but you can get caught up on that here.

            Now, it's time to fly back home. Equity will be back to our regularly scheduled programing bright and early Monday morning! Talk then.

            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 and more!

            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.

            Learn more about your ad choices. Visit megaphone.fm/adchoices

            23 min
          • Equity Live: Self-flying helicopters, AI and the battle of the features

            We were live at TechCrunch Disrupt 2023! Yes, even though our dear friend and colleague Mary Ann had to handle a family emergency, the larger Equity family rallied to put on a rollicking early-morning show at the venue. From the Builders' stage where Alex had to introduce himself, Kirsten Korosec and Becca Szkutak rounded out our hosting crew and we had a blast.

            Here's the rundown:

            • Instacart went public! Finally, at last, at long last, Instacart is a public company. It priced at $30, the top-end of its raised range, and then went on to trade higher. More here, but a solid result.
            • Joby is all-in on the Buckeye state: What has batteries and goes straight up? EVTOLs, apparently, even if that acronym is a big of a mouthful. Kirsten reports that a TechCrunch scoop was born out when Joby picked Ohio for its manufacturing hub. A lot of state-derived help did not hurt, either.
            • Eldertech is a growth market: Becca wanted to talk about her latest Deal Dive, which was all about getting senior citizens to move for. Exercise is a pretty massive hack for a healthy body and life. We also had to point out that a graying world means that elder tech is only seeing expanding TAM.
            • Writer brings back nine-figure joy! And to close out, Alex wanted to riff on the latest Writer round, which is building a generative AI service for other companies. With some demonstrated traction, and a model that we think seems well rounded, Writer is one to watch.

              Whew! The Equity crew is all over Disrupt for the next few days so make sure to say hello!

              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 foundersand more!

              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.

              Learn more about your ad choices. Visit megaphone.fm/adchoices

              30 min
            • We'll probably retire before Databricks IPOs

              Here's what Mary Ann, Alex and Kirsten got into:

              • More layoffs at Divvy Homes: More cuts at a company that was once richly valued and heavily venture-backed. Rising interest rates are having a ripple effect across startup-land.
              • Databricks is big, and now richer: With $500 million in a new Series I, Databricks is now worth more money and has fresh capital to continue working on AI.
              • Lime, just go public already: What is profitable and private and a tease? Lime. Well, that last bit is a stretch, but really you can only ring us up and tout profits and growth so many times before we expect an S-1.
              • More data is good: Venture capital firms, however, seem to disagree.
              • If you want groceries in 15 minutes, here's where to live: Brazil, for one. Or India. Differing labor costs around the world appear to be the axis around which quick deliveries are feasible, or a financial mess.

                We are back next week for a busy run at Disrupt! We'll see you there!

                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 and more!

                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.

                Learn more about your ad choices. Visit megaphone.fm/adchoices

                33 min
              • What’s more venture capital than space lasers?

                This week, we brought TechCrunch+ senior climate reporter Tim De Chant on to talk climate tech, hardware breakthroughs, and why we have a whole stage this year at Disrupt focused on sustainability.

                On that last point, perhaps you have gone outside recently. Extreme weather around the world, warming oceans, fires — it's a mess out there. That's the bad news. The good news is that a number of startups are working hard to build new technologies that could shoothe our struggling planet. And perhaps make a lot of money in the process.

                Here's what we got into on the show:

                • Climate tech venture capital activity. Why aren't we seeing more capital despite some interesting activity.
                • The question of fusion. Is it really around the corner (this time)?
                • Why we're both excited about potential hardware breakthroughs, even if LK-99 was not the real deal.
                • Dread about our changing world.
                • Tim is not only a great journalist, he's also very good at the whole science thing, so he was a treat to talk to!

                  We're back on Friday for our last recording before we're on stage at Disrupt! 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 and more!

                  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.

                  Learn more about your ad choices. Visit megaphone.fm/adchoices

                  31 min
                • Equity Monday: Instacart, Klaviyo and the art of the unicorn haircut

                  Here's what we got into on the show today:

                  • Instacart IPO: We have a first price range for Instacart! And the company is going to take a roughly $30 billion haircut on the valuation it raised at back in 2021. Still worth north of $7 billion by our math , Instacart is set to raise a lot of money at a multi-billion price. Hard to get too worried about that. (Even more, the company's fully-diluted valuation range is, if we are doing our sums correctly, $8.6 billion to $9.3 billion.)
                  • Klaviyo IPO: Also taking a price cut is Klaviyo, which also dropped its first IPO price range this morning. It is taking a smaller cut in both absolute and percentage terms, but in aggregate the two companies show just how much room there is for 2021 prices to come down. What we worry about is what less-strong startups will have to endure, as Instacart and Klaviyo are both very healthy.
                  • Coinbase and India: Coinbase is not leaving India, contrary to reports. What it is doing is shuttering some accounts in the country. Crypto and regulation continue their long, and twisty path.
                  • Cheap, shared satellites: What raised $50 million and wants you to share a LEO satellite? This startup!

                    Disrupt is literally around the corner and by that we mean next week! We'll see you there.

                    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 and more!

                    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.

                    Learn more about your ad choices. Visit megaphone.fm/adchoices

                    10 min
                  • Who shuts down the shut down-ers?

                    Here's what Mary Ann, Alex and Kirsten got into:

                    • Mentra wants to help neurodivergent jobseekers find ideal jobs: We love a startup that is doing good for itself and doing good for others. This deal that Mary Ann wanted to chat through seems to check both boxes.
                    • SimpleClosure raises $1.5 million: What happens if your startup dies, and you need to wind down? You might need a simple way to close things up, right? Enter SimpleClosure.
                    • Argo AI founders are building something new: What just raised more than $1 billion to take another crack at self-driving trucks? This company.
                    • All Things YC: You can find demo day favorites from day one here, and day two here. And, for an overview of sectors, here you go.
                    • EU x Regulation: We wrapped with a quick look at regulation from the EU that will impact a bunch of major tech companies. It led to a conversation of what sort of market regulatory structure is most conducive for startup growth.

                      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 and more!

                      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.

                      Learn more about your ad choices. Visit megaphone.fm/adchoices

                      40 min
                    • Y Combinator is still paranoid (re-run)

                      While the Equity crew prepares for another Y Combinator Demo Day, we're throwing it back to when Natasha and Alex caught up with current YC Partner and Managing Director of YC Early Stage, Michael Seibel. The main question on the pair's mind was how is YC evolving to meet a changed market? 

                      Seibel doesn't often do press -- and neither does YC -- so the interview was used to connect the dots on news from the accelerator, cross check top trends from the 2022 summer batch and ask about some of the biggest critiques people have about the institution.

                      We went a bit long, but figured it was worth it given the way the conversation was going.

                      As always, we'll be back with our weekly roundup on Friday, and don’t forget that Equity is opening this year’s Disrupt. We’ll see you there!

                      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 and more!

                      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.

                      Learn more about your ad choices. Visit megaphone.fm/adchoices

                      52 min

                    About Equity

                    From the publisher's feed

                    The intersection of technology, startups, and venture capital touches everything now. That’s why Equity, TechCrunch's flagship podcast, digs into the business of startups for entrepreneurs and…

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