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Equity

Duolingo's bellwether IPO

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 23 July 2021

⏱️ 29 minutes

🧾️ Download transcript

Summary

We were smaller team this week, with Natasha and Alex together with Chris to sort through yet another summer frenzy of a week. This time around we actually recorded live on Twitter Spaces, which was a first for the podcast. If you missed it, it's probably because we didn't promote the taping since it was just an experiment. Good news, though, is that it went well, and we're going to some more live tapings of the show with the entire crew on the mics. Make sure to follow the show on the Big Tweet to ensure that you can come hang with us next week. We'll also do some Q&A at the end, if we're in good moods. Until then, let's live in the present. Here's what we got into in today's show: The blisteringly-hot EU startup market: You can raise money anywhere, but you might want to do it in Europe where VCs are putting a acre-feet of capital to work this year. Hours before the taping, Index Ventures announced a $3 billion trio of funds (and TikTok strategy?), basically solidifying our earlier reporting. The huge round for crypto trading house FTX, and OpenSea raising again: Regardless of whether or not you are paying attention to the crypt market today, investors are still firing capital at startups in the space at an eye-catching pace. Duolingo's first IPO price range: It's a good-news week for consumer-focused, edtech startups, since the public markets will finally get a taste of an non-enterprise sector startup. Plus, Duolingo's upcoming finance event could lead to them finally bolstering areas like speech, cultural norms, and fluency. From the world of funding rounds, we had notes on Sololearn, Numerade, NewCampus, Mural, Spreadsheet.com, and Bolt. The conversation ran into some fresh corners, such as how a company raised less than its preceding round but 4x'd its valuation and if we should bite-size all learning. 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 Tech Ranches Venture-focused podcast where we unpack the numbers behind the headlines.

0:15.6

My name is Alex Wilhelm and I am joined today by Tech Runge Early Stage and Venture Capital

0:19.6

reporter and all-around excellent human, Natasha Moscarenis.

0:23.2

Natasha, hello?

0:24.7

Hello?

0:25.7

How are you, Alex, Mr. Birthday?

0:27.9

Yes, yes, yes, yes, yes, yes, yes.

0:29.3

We're recording this on Thursday and it is my birthday.

0:32.2

I am 32.

0:33.4

Yay!

0:34.4

Well, yay, really?

0:36.2

That's what I get.

0:38.0

Yes, you survived another year.

0:40.0

That is always worth celebrating.

0:41.5

Yeah, the last year was entirely a pandemic.

0:43.8

And so it was not quite what I had in mind,

0:46.2

but yes, I am alive, I am kicking and so forth,

0:49.7

and we are here to talk about the week

0:51.8

because even though it is my birthday week,

0:53.2

Tech didn't give a shit and there's lots to do.

0:55.4

So...

0:56.4

As it rarely does, as it really does.

...

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