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    Business

    Equity

    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 enthusiasts alike. Every Wednesday and Friday, TechCrunch reporters 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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    Latest Episodes:
    You can't buy a community, so make it worth it Mar 09, 2022
    Show notes

    This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha and Alex connected a slew of seemingly-unrelated news items to answer a big question:

    How do we balance community and capitalism?

    The original question we sought to explore was "can you buy a community?" The answer to that question, after further exploration, felt obvious enough: no, so no what? Combining Epic Games' recent acquisition of Bandcamp, Commsor's latest raise, and Lolita Taub's new venture firm, community has a set of sharper standards around it. And nobody wants to let the buzzword go unchecked.

    Evergreen reminder to take advantage of code “EQUITY” when subscribing to TechCrunch+ for a hefty discount, and gratitude from your favorite trio of tech nerds.

    We're really enjoying using our Wednesday show to chat through trends and major topics. Tweet us with things you want us to hit on, if you have a particular bee in your bonnet!

    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


    Is the AR and VR market only for trillion dollar companies? Mar 07, 2022
    Show notes

    Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Every Monday, Grace and Alex scour the news and record notes on what’s going on to kick off the week.

    As before, the Russian invasion of Ukraine was top of mind, but lots of other things were going on so we had more than plenty to yammer about:

    • The global stock market is taking more body-blows in the wake of rising oil prices and geopolitical instability.
    • EA and Epic are pulling titles from Russia, as other companies have made similar moves; the tech industry has made its stance clear that doing business in Russia is off-limits for some time.
    • FTX is moving into Europe, which struck me as big news, while Klarna reported earnings (more to come on that front).
    • Circular.io raised $10 million for tech talent recruiting, and Founders Fund put together $5 billion for new funds.
    • Closing out, there's an Apple event tomorrow!

    So, yeah, it's busy out there. Our live show is this Thursday, mind, and if you want to hang out with us while we record, head here to get a free ticket.

    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


    As Equity turns five, we send our dear friend Chris Gates onto his next adventure Mar 04, 2022
    Show notes

    Since the birth of Equity in mid-March of 2017, Chris Gates has been part of the team. Indeed, he helped found the show, and over the next half-decade produced and edited hundreds of episodes. He was, in short, a pillar of the team, and a key driver of how show operated day to day. Which is to say that he brought kindness, and warmth, and care to our work. As one of our colleagues put it, TechCrunch's podcast history can't be written without his name as a huge part of it.

    Sadly for the Equity team, but equally good news for his new employer, Chris's last day was last Friday. So we gathered to record a special episode of sorts.

    Natasha, Alex, and Chris sat down and played back a number of clips from the show, including our first-every episode, the first time that Natasha was on the podcast. That sort of thing. And we said some nice things about Chris at the same time.

    Technically Equity's birthday isn't for a week or two, but we decided to hybridize our look-back with Chris's exit. After all, we're an earnest team that needed a minute (or 30) to sit and be earnest.

    If you are an Equity listener, don't worry too much. We still have Grace Mendenhall on the production team, so we are in good hands. And we've added Maggie Stamets in recent weeks as well, who has been doing an ace job thus far helping us write and record. Finally, Kell is helping edit our babble down into usable content.

    So as with prior Equity exits -- Matthew Lynley, Katie Roof, Connie Loizos, Kate Clark, Danny Crichton -- we are hugging it out, and getting back to work.

    More to come! We're not going anywhere! But we will miss Chris. A lot.

    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


    Fintech TAM explained by dating apps Mar 02, 2022
    Show notes

    This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha and Alex brought on Mary Ann for a special fintech episode, perhaps our spiciest of the year so far. We asked:

    Are fintech startups playing offense or defense today?

    To start, we spoke about Ramp and Pipe's latest moves (here, here), which include moving into the travel space and branching out into media and entertainment, respectively, and how they reflect the broader fintech competitive landscape.

    We even played out a scenario in which we decide if two of the buzziest fintechs will ever compete with each other. (Answer: Yes.)

    Before you go, make sure you subscribe to Mary Ann's new fintech newsletter and check out her recent TechCrunch+ investor survey from top investors in this noisy sector. Evergreen reminder to take advantage of code "EQUITY" when subscribing to TechCrunch+ for a hefty discount, and gratitude from your favorite trio of tech nerds.

    Equity drops every Monday at 7:00 a.m. PST, Wednesday, and Friday at 6:00 a.m. PST, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.

    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


    Equity Monday: Fintech consolidation could be picking up Feb 28, 2022
    Show notes

    Every Monday, Grace and Alex scour the news and record notes on what’s going on to kick off the week.

    This weekend was yet another that was full of news from Ukraine, which meant that the tech market was slightly quieter than usual. But not so quiet that we didn't have lots to chat about, so here's the latest:

    • The Russian startup market isn't huge -- data here -- but when we consider the number of startups in Ukraine as well, the impact of Russia's war and the world's sanctions will bite. Russia is also tangling with American tech giants, which isn't going well.
    • Over the weekend, the American Republican Party bashed large American tech companies. Gone are the days when the GOP was a reliable simp for corporate power. Today it's more fashionable to pump SPACs like TMTG, or Rumble.
    • Weee! raised a huge sum from the second Vision Fund, we report, and OneCard is set to raise a massive round in short order, despite how recently it announced its preceding round. (Oh, and this looks very neat.)
    • And Zip is buying Sezzle, in more BNPL market consolidation. A sign of the times, we decide.

    That is our show! Lots more to come this week, so get ready!

    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


    Equity Live: A short note about the ongoing situation in Ukraine Feb 24, 2022
    Show notes

    Today we gathered to do our live show, something that was scheduled a long time ago. Obviously, the world's condition has changed since. So, we sat down and tore up our notes doc and put most of the show on hold. What we wound up recording was short, and frankly a little bit raw and from the gut.

    But it just didn't feel right for us to sit and chit chat about funding rounds and executive shuffles when Russia is busy invading a democracy under false pretenses. TechCrunch has some notes on the situation for the tech world in Ukraine, which is worth a read.

    That's it from us. Equity will return in short order when we have our heads on straight. Hugs, and godspeed.

    Equity drops every Monday at 7:00 a.m. PST, Wednesday, and Friday at 6:00 a.m. PST, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.

    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


    Recruit, retain, resign, re-skill, repeat Feb 23, 2022
    Show notes

    This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha and Alex asked:

    How has the great resignation changed the way startups hire?

    The conversation started with defining the Great Resignation and sharing numbers to back the sentiment that everyone can't stop talking about. As always, the flowed to naturally care more about the employees within startups, and their feelings, than employers and the power they've traditionally sat atop.

    To check our 'what about VC' box, we talked through what startups are facing today in terms of a labor market, how it has changed, and how they might be able to compete with big-tech's big dollars. After all, is any company going to be able to beat Meta on comp? Probably not.

    Alex thinks VCs are the new recruiters, which will help startups some. From the other angle -- putting labor in our remit and not capital, for once -- Natasha wants to ditch her 9-5 to represent Shopify employees, it seems. We won't let her, naturally.

    Closing, it appears that the forces driving more venture capital into early-stage companies are not too far from the causes of the labor shortage. Everyone is looking for return, either on their labor, or their capital. And that means a tight hiring market, and picky workers.

    https://techcrunch.com/2022/02/19/arlan-hamilton-wants-to-reroute-how-startups-hire/

    Equity drops every Monday at 7:00 a.m. PST, Wednesday, and Friday at 6:00 a.m. PST, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.

    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


    Equity Monday: Tensions go up, stocks go down Feb 22, 2022
    Show notes

    Every Monday, or Tuesday, Grace and Alex scour the news and record notes on what’s going on to kick off the week.

    We are a day late here thanks to the American holiday, which means that it's going to be a short week -- here at least. But that doesn't mean that things are slow. In fact, the opposite:

    • Russian military aggression in Ukraine is hammering the global stock market, although not everywhere it's worth noting. Crypto prices are also flat to down, generally. Most crypto tokens are off sharply in the last week.
    • SoFi is buying Technisys for $1.1 billion. The deal isn't receiving rave reviews from Wall Street, but for the consumer fintech the concept of bringing its own infra in-house does make pretty good sense.
    • TRUTH Social launched, and struggled to handle early demand. Which is funny given how long it took to build. TechCrunch has more here.
    • FTX.us wants to bring crypto to a game near you. The Verge has the key quote here, I will not, but it failed to lift my general skepticism.
    • And we have so much more here, regarding startups.

    It's going to be a busy, hectic week. And one full of stress, given the state of the world. So, no rest! More coffee! We can do this!

    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


    Will rising interest rates decimate startup valuations? Feb 19, 2022
    Show notes

    This is Saturday, which means it's not a usual day for us to drop an episode. But what are we if not try-hards at heart? So, we're back today.

    What do we have on store for you? I brought Anshu Sharma onto the podcast -- and a Twitter space, so make sure you are following the podcast, yeah? -- to chat interest rates, technology growth, startup valuations, and how they all tie together. Sharma was the right person to have on the show because he's been a big tech employee (Oracle, Salesforce), an investor (Storm Ventures, and as an angel), and he's a founder to boot. So he's been around not just the block, but several in the world of technology over time.

    TechCrunch has covered SkyFlow, his startup, a few times including its most recent fundraise.

    https://techcrunch.com/2022/02/16/welcome-to-the-post-pandemic-economy-startups/

    Sharma finds some of the in-market worry about rising rates harming tech stocks silly. His thesis boils down to the value of growth on a longer time-horizon than what a DCF-tuned spreadsheet might tell you. That said, rising rates will impact some startup inputs, like venture funds in the medium-term, so there was a lot to chew on.

    We try to keep Equity pretty high-level, and focused on discrete events. But why have a show if you can't use it to scratch your own itches from time to time?

    The pod is back on Tuesday due to an American holiday this Monday. Chat soon!

    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


    Do you want your paycheck in crypto? Feb 18, 2022
    Show notes

    This week, Natasha and Alex and Mary Ann got together with Chris and Grace to rock our regular Friday news roundup. This time, however, with extra zip as we're staring down a long weekend that, let's be clear, everyone needs.

    Regardless, here's the show rundown:

    • Don't call us your metamate, friend.
    • Startups news of the week: Ro raises even more, Airbase partners with Amex, and Deel wants to give employers a way to fund their payroll in crypto, no matter where their employees are based.
    • The crypto regulatory world is heating up, with news from both India and the United States to chew on. Our read is that some regulation is good, but not every loss can be spun as a win.
    • We also took a look at the mental health market for people of color through the lens of MindFi in the APAC region, and She Matters here in the United States. We had some startup-style questions, but are generally bullish about the companies.
    • And we closed with the cannabis market of both Germany, and the United States. Alex and Natasha are bullish on, well, all of it while Mary Ann nurses a hemp allergy.

    Woot! We're off Monday, but back Tuesday. Hugs!

    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


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