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Equity

Ego-ish: how tech's main characters are all a bit different

Equity

TechCrunch

News, Business, Entrepreneurship, Business News, Technology

4.2372 Ratings

🗓️ 7 December 2022

⏱️ 34 minutes

🧾️ Download transcript

Summary

This week, Natasha chatted with Alex about ego, how recent news from Sam Bankman-Fried and Elizabeth Holmes gives us a window into how it works, and impacts on the tech and venture landscape. We talked about: What Holmes and Bankman-Fried have in common, from centralized ownership to a cult of personality The differences between the two entrepreneurs, and why their stories tend to blur together How Adam Neumann, Elon Musk and others fit into the conversation Learning lessons from startups from a chaotic, and main-character-driven year We have a lot of really fun stuff coming up in the next week or two. Thanks for sticking with Equity in 2022, and we cannot wait for 2023. Equity drops every Monday at 7 a.m. PT and Wednesday and Friday at 6 a.m. PT, 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, a show 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 about the business of startups where we

0:15.4

unpack the numbers and nuance behind the headlines. I'm Natasha Masqueranas and

0:19.4

this is our Wednesday show where we niche down to a single topic, think about a question and

0:23.8

unpack the rest. Today we're talking about ego on what recent news has taught us

0:28.2

about it and its impact on the tech and venture ecosystem and to end the year we're bringing it right back to basics and I am joined by the

0:35.0

wonderful in imitable Alex Wilhelm. Alex how the heck are you? Well I'm good and

0:40.3

we're doing this kind of in a cheap fashion because we're we recording this intro after having done the show because we kind of wanted to tell people that this ended up being I'm going to say self-indulgent.

0:51.6

To say the least I think the goal of the show, the goal of the

0:55.0

one's the show in general is to show my favorite word which is nuance behind the

0:58.6

headlines. I do think though this one is really two reporters sitting down who have been covering a

1:03.9

daily news cycle for years but for this year specifically trying to

1:07.8

understand how to connect the dots between Elizabeth Holmes, SBF, Adam

1:12.0

Newman, Ryan Breslow, Zuckerberg.

1:14.5

I mean, there are so many big names

1:16.2

that created news this year.

1:18.2

And this episode is really trying to understand

1:20.9

what these stories told us,

1:22.2

and if they connect and should be in the same

1:24.0

sentence. So I don't think there's a big takeaway other than it's very complicated.

1:27.8

Yes and you know in the old days we would have gone to Bar Basic and Soma and

1:31.7

gone out back where you can still smoke and had a couple of drinks and shared a back of camels and talked it through but we don't get to do that because hashtag health.

1:39.3

And so we're doing all the podcast. So sit down with us and let's have a chat. Have some

...

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