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Equity

Equity Monday: Good vaccine news, three rounds, and why IPOs are trending

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 23 November 2020

⏱️ 9 minutes

🧾️ Download transcript

Summary

So, what did we get into this morning? A grip of things, which I've listed below in order: American Thanksgiving is this week, so news may slow as we move towards Thursday. New, good vaccine news is boosting stocks and hopes that the pandemic could be brought under control next year. Bitcoin is racing towards new records. LA-based Credit Key raises $33 million for its business-to-business payments platform -- in light of the Affirm IPO this round is no surprise. Digital freight forwarder Forto raises another $50M in round led by Inven Capital -- the pandemic is messing around with supply chains, perhaps leaving room for startups in the space to aggressively grow. Digital electricity supplier Tibber closes $65M Series B led by Eight Roads, Balderton -- of our three rounds, this one took me the longest to understand. This essay from Tomasz Tunguz, which is good.

Transcript

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0:00.0

Hey everybody this is Alex and you are listening to Equity Monday from November 23rd, 2020.

0:16.0

Welcome to your Tech and Startups and Venture Capital Primer for the week, and welcome to a holiday

0:20.4

week here in the U.S.

0:22.4

Now, no, you don't have to care about American

0:24.7

Thanksgiving a feast day but it will impact the news flow that we'll see over the

0:28.6

next few days and by that I mean theoretically things should slow down.

0:33.4

But don't bet your house on it.

0:34.5

A lot of things that were supposed to be true have wound up untrue in 2020, like companies

0:39.0

avoiding going public during an election year.

0:41.4

Thus far in 2020, we've had Unicorns going public all over an election year. Thus far in 2020 we've had unicorns going public all over an election cycle and one that has

0:46.0

been more fractious than most in my nation's history.

0:48.7

You get the idea.

0:49.7

But there's still so much to get through, so let's dig into the weekend and also take a look at the latest most important

0:54.8

funding rounds.

0:58.8

Now over the weekend the key business story appears to be good results from a third

1:05.5

vaccine candidate this time from AstraZeneca which has a vaccine that is around

1:10.1

70% effective. The AstraZeneca news comes after vaccines from

1:14.1

Moderna and Pfizer biointec that demonstrated that they were even more

1:18.5

effective. So as you've already guessed on the back of more good news about the pandemic eventually coming to a close,

1:25.0

stocks are set to rise here in the US.

1:27.0

Now if you're struggling to Grockwise, stocks rise on good vaccine news and don't seem to fall on bad COVID-19 news let me help

1:35.0

good vaccine news helps investors bet more on a quick conclusion to the

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