Equity Monday: New unicorns kick off the week as India get cross with Starlink

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 29 November 2021

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

With a holiday-impacted week behind us, we hope that you are ready for the next few weeks of busy news. Because starting in the back-half of December, the world is going to slow down dramatically. Make sure that you are following the show on Twitter, and let's get into it! No tech IPOs this week, though we will see earnings from select SaaS companies. That means that our information flow will slow over the next few days. India is irked at Starlink, telling the Elon Musk company to get its regulatory paperwork in order. Raspberry Pi is going public, it's expected. The micro-computer company could debut in Spring of 2022 on the London exchanges. And black Friday online sales dipped, though we have a guess as to why. Two acquisitions took place recently that caught our eye, including Booking Holdings buying Etraveli Group for $1.8 billion, and Clearlake buying Quest from Francisco Partners. From the startup world, two deals: Slice is now a unicorn thanks to Tiger Global, while Thought Machine is also now a unicorn thanks to its own six-figure round. Two new unicorns to start the week? Why not. And, finally, this essay on crypto. The show is back Wednesday! We'll see you then! 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	Good morning everybody and welcome to Equity Monday for November 29th, 2021.
0:15.0	Of course this is the show where we unpack the numbers and the nuance behind the business of startups,
0:19.0	but on Mondays we talk about the globe, what's going on, economics and and other bits of news that matter to kind of start
0:24.5	off the week on a good foot.
0:26.2	So on that note, stocks did fall last Friday, but don't worry, they're going to claw a bit of that
0:30.5	back today in the US, according to pre-market trading.
0:33.3	Over in Europe stocks rose sharply today whereas in Asia they fell so what's going on?
0:38.2	Well in the sense the amochron variant of COVID-19 is turning the world's markets
0:42.4	into a Rorschock test. You can kind of see in the
0:45.2	variant what you want to see and react accordingly.
0:47.9	Cryptos are up this morning after being down over the weekend, so I'm going to go ahead and say
0:51.9	nothing major to report on that
0:53.5	front and critically no IPOs from our world are expected this week which
0:57.8	should cut down on news volume just a little bit but things will still happen
1:01.8	don't forget that we have earnings still happening somehow magically. It's always earning season.
1:06.6	This week, Salesforce, Snowflake, Crowdst strike, and if our notes are holding up Z-scaler and Box as well.
1:12.0	So if SAS is your jam, if you just love software, well, you'll have a lot of data
1:17.2	this week. And if you don't, well, it's going to be a quiet week.
1:20.0	And now let's talk about the weekend.
1:24.8	Taking a look over the last couple of days,
1:26.6	there are a few things that I was chewing on this morning
1:28.7	that I thought we should talk about.
	...

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