Equity Monday: Social media crackdowns, earnings, and a funding deluge

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 26 April 2021

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

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. This weekend had a key story, earnings are on the way, and there is a huge number of funding rounds to talk about. Ready? The Indian government's move to remove a number of social media posts critical of its handling of COVID-19 was the key news item this weekend. As the country's healthcare system buckles, and deaths spike, the move by the current administration to censor the Internet was just about as bad a look you could imagine. At least in terms of a tech response. Also this weekend conversation continued about Substack's recent push to hire away well-known writers from traditionally-respected publications continued, with Insider reporting that six-figure offers to join the paid newsletter platform are the norm. This morning we're focused on the impending earnings deluge. Major American tech companies, along with some key social media and ecommerce names will report, giving us a look into how tech companies performed in the first quarter of 2021. We already know that the venture market was hot during the period. How business fared, however, is less clear. On the funding round beat, Mighty Networks raised $50 million, LEAD School raised $30 million, Kidato raised $1.4 million, StashAway stashed away $25 million, and Kyligence put together a $70 million Series D of its own. The Honest Company also set an early IPO price range after we stopped recording. More to come on the IPO front. Chat Wednesday! 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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0:16.5	Hey everybody. This is Alex. Hey, it's Natasha. And we are here to talk just for a second about Extra Crunch, 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 poke fun here and there.
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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. Good morning and welcome to Equity's Monday episode,
1:02.7	our weekly primer where we catch up on the news
1:05.2	and as always explore the numbers behind those headlines.
1:08.2	My name is Alex Wilhelm.
1:09.5	Today is April the 26th, 2021,
1:12.0	and it is a cold springs day here on the East Coast of the United States.
1:15.9	To kick off this morning, global stocks are mixed so far today.
1:18.8	Copocouracies are generally up in the last 24 hours and we have a zillion major companies reporting Q1 earnings
1:25.0	this week.
1:26.0	So let's get right into what happened over the weekend so we can start to look forward instead
1:29.5	of back. Now the biggest technology story over the weekend was the news that the Indian government
1:37.0	forced a number of American technology companies to take down around 100 posts on their services
1:41.9	that, as a Romanesanish Singh reported, were quote,
1:44.5	critical of New Delhi's handling of the coronavirus.
1:47.4	To be clear, India's current COVID-19 surge is devastating and its domestic government
1:51.8	is at least partially to blame.
	...

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