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Equity

Equity Monday: Edtech and insurtech stay red-hot

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 2 November 2020

⏱️ 8 minutes

🧾️ Download transcript

Summary

This morning was a somewhat odd episode of our Monday show, in that the American election is tomorrow. Still, some things happened. So, here they are: Match, Uber, Alibaba, Square, Dropbox, EA, and Roku are expected to report earnings this week. The UK's venture capital industry is even less focused on investing in diverse founders than you thought, with our own Natasha Lomas reporting that "all-ethnic teams received an average of just 1.7% of the venture capital investments made at seed, early and late stage" between 2009 and 2019. The edtech boom is lifting all boats, it seems, not just those that belong to startups. Chegg's growth is picking up media attention. Marshmallow raised $30 million for its auto-insurtech product. The insurtech market is super hot these days, after the Lemonade and Root IPOs. Tencent led $50 million into Zego, another company that wants to provide video communications services to other companies. Warren raised $1.4 million to help regional cloud providers sell globally.

Transcript

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0:00.0

Hey everybody. This is Alex. Hey, it's Natasha. And we are here to talk just for a second about Extra Crunch

0:06.7

Tech Crunchy subscription product. Extra Crunch is where a lot of our best analysis and follow-up stories lives. We focus a lot on startups, building, and even

0:16.5

poke fun here and there.

0:18.5

It's true. I also write a daily column called The Exchange that's over on Extra Crunch, and

0:22.4

the good news is if you don't have

0:24.1

easy access yet we have a deal for you. Yes you can use I think the best code

0:29.4

there is so don't tell anyone who doesn't listen to equity because they're not invited the code is equity all caps for 50% off your extra crunch subscription

0:39.2

So head over to techwrench.com slash subscribe use that code make us look good internally we say

0:44.4

thanks across the internet and now let's do a show. Hello, this is Alex, and you are listening to Equity Monday for November 2nd, 2020.

1:05.0

Here's what's up this morning.

1:07.0

After rough last week, stocks are expected to rise in the United States after generally going up in Europe and Asia.

1:13.0

It's election day tomorrow here in the US, expect it to be a mess.

1:17.0

Do not expect a formal winner for a couple of days.

1:19.0

Expect lots of chatter about lawsuits in which one of the major American political parties will work to invalidate as many votes as it can.

1:25.0

It's going to be pretty awful.

1:28.0

Because of this week's unique nature here in the US,

1:30.0

news volume and other areas could slow somewhat as companies look to avoid talking

1:34.7

about themselves during such a turbulent period.

1:37.5

But that won't stop there being some earnings this week, including Match on Wednesday,

1:41.6

and then of course Uber, Alibaba, Square, Dropbox, EA and Roku this

1:46.4

Thursday.

1:47.4

That's what's running the game this morning.

...

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