Equity Monday: SoftBank's vibe shift is using silence loudly

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 6 February 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Here's what Natasha got into: Big tech: SoftBank CEO Masayoshi Son will be skipping the Japanese conglomerates' earnings call, reports the Economic Times. We knew the flashy presentations were going away, but the silence may signal just how seriously SoftBank wants to shift its external perception. Speaking of perception, there's nothing quite like a delisting warning to get people talking about you. I talk about Getaround's less than $1 trend, and why it may be off the public markets if it doesn't get its act together in the next six months. Big idea: It's time to gamify benefits, and then think about wellness in more than just silo'd ways. At least that's how I imagine Minu's founding story to have played out - the startup is an HR tech meets edtech meets fintech meets health tech tool. Interesting stuff. Big innovation: The serial entrepreneur spree, in which notorious founders return to the early stage stomping grounds with fresher ideas, is a tried and true part of the tech world. Still, it surprises me to see just how many recent examples we have. Natasha talks about Instacart CEO Apoorva Mehta's new health tech company, Spotify CEO Daniel Ek's new health tech company, as well, and the return of co-founders from Instagram and Zenly making their way back into the social consumer space. We end with a nod at Natasha's latest Startups Weekly column, which looks at the data behind startup offices. Ok, that's all. Let's have a good time this week. And by that we mean, tell us all your secrets! Equity drops at 11:00 a.m. PT every Monday and at 7:00 a.m. PT on Wednesdays and Fridays, so subscribe to us on Apple Podcasts, Overcast, Spotifyand all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together and more! 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	Hello and welcome back to Equity, the Tech Crunch Podcast, where we unpack the numbers and
0:15.2	nuance behind the headlines.
0:16.5	I'm Natasha Masquerinas and it is Monday, February 6th, 2023 and there are two amazing things
0:22.3	about today.
0:23.0	First, we are past the beginning of the year,
0:25.0	so pat yourselves on the back.
0:27.0	I for one am very excited that we are already in it
0:30.0	and no longer on the on-ramp period after the holidays. And the second thing is that
0:34.2	succession is officially back next month and I saved not to flux but I saved the last
0:39.1	three episodes of season three just so I wouldn't have to wait too long between the new season.
0:44.7	So I'll be spending this month slowly indulging on one episode in preparation for the March 26th succession
0:51.2	debut.
0:52.2	I'm super excited. but speaking of succession and
0:54.5	business and tech let's do what we're here for and jump into the markets.
1:01.1	All right let's start in the markets and big tech section.
1:04.1	As always, I'm going to give you two quirky news items
1:06.5	to care about instead of the most recent tech stock news.
1:10.1	But first, let's jump into news per the Economic Times in India that Soft Bank CEO Masayoshi Sun
1:16.3	is going to skip Soft Banks Earnings Call for the first time. This is big news for anyone like me
1:21.7	who is nerdy enough to know about Soft Banks
1:24.4	earnings called culture.
1:26.0	It's all about flashy presentations, crazy one-liners.
	...

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