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Equity

Aaron Burr’s tech angle, blue skies, and no photos at this time

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 5 May 2023

⏱️ 36 minutes

🧾️ Download transcript

Summary

This week Mary Ann, Natasha and Alex got right into it with: An update on a startup banking partner collapse that wasn't the First, and probably won't be the Last A section dedicated to sunsetting Poparazzi and a Databricks acquisition (points to whoever can guess how we transitioned from one deal to the next) Next up, we spoke about Finix's latest announcement to go head to head with Stripe, before talking more about the rise of down rounds We ended with BlueSky. Although some of us feel grey about it. And regardless, this piece by Morgan Sung will have you thinking smartly about the new Twitter competitor started by the ol' Twitter boss. We'll be back before you know it, but in the meantime, you can catch us on Twitter @EquityPod. And for the early stage founders out there, don't forget to apply for the Startup Battlefield 200 cohort at TechCrunch Disrupt 2023!  For episode transcripts and more, head to Equity’s Simplecast website.  Equity drops at 7:00 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, 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. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Hello and welcome back to Equity, a podcast all about the business of startups where we unpack the numbers and the new ones behind the headlines.

0:17.0

It is May 5th, 2023, and yes, my friends this week, Alex Conrad's Midas List did come out.

0:23.2

So if you see a VC crying in the corner,

0:25.4

go over and flick him in the ear load

0:26.7

because it turns out they're not made of gold.

0:28.9

And I'm joined today by my two besties in one corner.

0:31.0

I have Mary Ann Azavito. Mary Mary Ann did you make the Midas list?

0:34.7

Uh, no.

0:36.1

Booh hiss fired. Natasha, did you make the Midas list?

0:39.6

I'm still hoping for 30 under 30 one day.

0:41.9

I'm, that's me, that's where I'm at.

0:44.2

You can't come on and flex your age like that, that's brutal.

0:47.8

Anyways, we have an absolute pack show for you guys this week.

0:50.2

We're gonna start with an update on F.R.B,

0:52.4

really kind of appear peer into that smoking

0:54.1

creator that was once a bank. Then we're going to talk about paparazzi and Databric's

0:57.7

buying O'Kara. From their payments Infra and all things Phoenix, followed by

1:01.5

Down-round spiking and popularity. No one one likes them but you know what we mean and then finally

1:06.0

I left it on Twitter rivals and all things blue sky it's gonna be absolutely packed but let's start

1:11.1

with well bad news Natasha with FRB, news, I don't know how to phrase that.

1:16.0

Yeah, I mean, it's mixed feelings, which is somewhat of the story.

1:19.0

So First Republic Bank, which was the bank a lot of people went to after Silicon Valley Bank first

...

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