Equity Monday: Elon Musk Elon Musk's the crypto markets, while Indian startups raise huge rounds

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 17 May 2021

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here. There was lots to get through today, so, in order, here's the rundown: Early-stage founders can still apply for the impending Disrupt Battlefield even. You can sign up here if that's you. It's going to be a lot of fun tbh. From the weekend: San Francisco real estate is a mess; Twitter Blue is coming and I am hype about it; Elon Musk roiled crypto markets by being himself, which doesn't speak too highly of the asset class. AT&T is getting out of the TV game to some degree, selling media assets to help pay down debt. Just like Verizon did by selling TechCrunch and family to Apollo. We also chatted about two Indian mega-rounds: Pine Labs raising $285 million and Moglix raising $120 million. From the early-stage front, two rounds this morning for your pleasure: Telda's super-cool pre-seed round, and recent Y Combinator-grad Houm's latest investment, which explains why the accelerator program is still so popular. Extra Crunch Live this week is Shaun Maguire (Sequoia) + Samir Vasavada (Vise) on Wednesday, May 19th, at 11:30AM PST / 2:30PM EST. 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	Equity is brought to you by Extra Crunch, that Prodigious Tech Ranch Paywell you keep running into.
0:05.0	You can break through that Paywell at a steep discount if you use the promo code Equity.
0:09.0	If you do, you'll get access to our best stuff and you'll make Equity look really good internally at the same time.
0:13.5	Enough of that, let's start the show. Good morning and welcome to Equity's Monday episode, our weekly Primer where we catch up on the news and as always explore the numbers behind the headlines.
0:35.6	My name is Alex Wilhelm.
0:37.0	Today is May 17th, 2021 and the week is kicking off with a bang.
0:41.7	However, before we get into any of that,
0:44.8	my dear friend Nisha, who runs the startup competition
0:47.8	at our events, wanted me to let all the early stage
0:50.8	founders know that they can still apply to take part in the upcoming disrupt
0:54.9	battlefield event up until May 27th at basically midnight.
0:59.0	The winner gets 100K I think for zero equity, so please come and take our money I will link to her
1:03.8	post on the matter in the show notes over on the blog and of course previous
1:07.5	competitors like yex to have gone on to go public so it's a good time I will see
1:11.8	you there and with that let's talk about the news.
1:14.1	So kicking off with this weekend.
1:19.2	It was actually not super crazy busy which means that we get to look under a couple of stones this morning.
1:24.7	One thing that did catch Maya this weekend was a CNBC report indicating that
1:28.0	SF or San Francisco based companies are really taking pretty large real estate charges due to unused space or kind of defaulting
1:35.8	renters.
1:36.8	Regardless of whether you think Miami is sufficiently above sea level or not to be a long-term
1:41.9	technology hub, precisely what San Francisco will look
	...

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