Equity Monday 10/12

Equity

TechCrunch

Business, News, Technology, Business News, Entrepreneurship

4.2 • 372 Ratings

🗓️ 12 October 2020

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

So, what was on our minds this morning? Headlines: The Twilio-Segment deal is real, happening, and is priced about where we expected. Big names in the ex-China Internet want to make encryption worse. And, how the United States government would break up Google is becoming clearer by the week. On the Twilio Segment deal, as TechCrunch and Forbes anticipated, the transaction came in around $3.2 billion, forming something of a API monster from their combined form. As we noted on the show, a lot of investors made a mint from the transaction. Airkit has raised $28 million while in stealth since 2017. What does it do? Per Forbes, it's a "low-code platform" that wants to "improve customer engagement." That's notably similar to what Segment does. Flash Express raised $200 million, as the on-demand and delivery spaces stay hot. And Razorpay raised $100 million at a valuation of $1 billion, meaning that we have just witnessed the birth of yet another fintech unicorn. And, finally, warm public markets mean that the startup and VC game will stay afoot, even if we see a pre-election dip in IPOs.

Transcript

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0:00.0	Hello, this is Alex, and you are listening to Equity Monday for October 12th
0:15.0	2020. Welcome to fall from out here on the East Coast where it is quickly
0:19.2	becoming far far too cold for my tastes but good news for you and I.
0:23.6	There is still lots going on in the tech world,
0:25.4	so here is what you need to know today.
0:27.6	First up, Tech-Ointry reported this morning
0:29.8	that Twillio has confirmed its purchase of segment for 3.2 billion in what the company calls
0:35.2	Twillio Class A common stock on a fully diluted and cash-free debt-free basis.
0:40.3	More on that deal in just a moment.
0:42.1	Second, the five eyes, namely the US, UK, New Zealand, Canada, and Australia,
0:48.0	along with India and Japan, are arguing that end-to-end encryption needs to be compromised to allow for greater governmental
0:54.8	access.
0:55.8	I have yet to hear from any cybersecurity person ever who doesn't work for a government who thinks
1:00.6	that this is a good idea.
1:02.4	Third, Politico reports that antitrust regulators at the state and federal level are considering
1:08.0	quote whether to force the company to sell its dominant chrome browser and parts of its lucrative advertising business.
1:15.0	But the chance that Google gets broken up still feels low,
1:19.0	though the rising level of chatter and its increasingly tightening policy focus is worth considering as you think
1:24.3	about the tech industry, startup, and otherwise in 2021.
1:29.7	Before we start you can follow Equity on Twitter at Equity Pod or myself where I go by
1:34.0	at Alex and with that let's begin.
1:39.0	All right well over this weekend it was all segment in Twillio. So news broke Friday that Twillio might buy a segment for three-ish billion dollars.
	...

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