April 10, 2023

The petty shall inherit the pennies

9 minutes

Today, we are talking about crypto, Uber, and how to be petty at scale. Here's what Alex got into:

Around the world of capital, we're most confused at certain bits of price stability in the cryptocurrency markets. It feels a bit faux, if that makes sense.

Where prices are less steady is the world of YC startups, where, once again, there's complaints amongst venture investors about the valuations that some of the earliest-stage tech companies out there are commanding. Perhaps a greater discount given the state of the world was anticipated.

Uber is selling part of Careem in a deal worth $400 million. Uber wants to do things on wheels. A super app company, at least in the Middle East, it is not. But it is about to have a huge new bankroll.

The Musk v. Substack battle took up much weekend oxygen, showing that it is often hard to retain one's free speech bonafides when you just don't want to anymore.

All that and there are new FTX docs! Huzzah! Let's have a good week, y'all.

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Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotifyand 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!

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.

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By TechCrunch, Rebecca Bellan, Kirsten Korosec, Anthony Ha, Max Zeff, Theresa Loconsolo

4.2

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