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Equity

Equity Monday: TechCrunch goes Yahoo while welding robots raise $56M

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 3 May 2021

⏱️ 10 minutes

🧾️ 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 morning was a notable one in the life of TechCrunch the publication, as our parent company's parent company decided to sell our parent company to a different parent company. And now we're to have to get new corporate IDs, again, as it appears that our new parent company's parent company wants to rebrand our parent company. As Yahoo. Cool. Anyway, a bunch of other stuff happened as well: Flywire, a Boston-based payments company filed to go public. More on the site about this shortly. Earnings this week are coming from Uber and Lyft and PayPal and Square and more. Dell is offloading Boomi to private equity as it wants to de-lever. Again. Cloud market share numbers are out, but what matters is that the growth of the cloud market helps explain the growth that we're seeing in the startup game. (Our own Ron Miller dug into some rival cloud metrics here.) The Chinese government's crackdown on its tech giants continues. And it's impacting valuations. And Wealthsimple raised an epic CAD$750 million round, while Ohio-based Path Robotics just raised a $56 million Series B. Super cool. We're back Wednesday with something special. Chat 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

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

0:29.7

where we catch up on the news and as always explore the numbers behind the headlines.

0:34.7

My name is Alex Wilhelm.

0:35.9

Today is May 3rd 2021 and it is going to be a gorgeous day out here in the Northeastern

0:41.4

United States.

0:42.4

From my desk to your ears, it is going to be a busy and exciting week.

0:46.4

There should be more IPO news, including this morning, an update that FlyWire,

0:50.4

a Boston-based payments company, is going public.

0:53.0

We also have earnings from Uber, Lyft, Twillio, PayPal,

0:56.6

Square, Dropbox, and others.

0:59.0

So if you care about the on-demand economy,

1:01.2

API delivered products, FinTech, or how legacy storage providers are trying to become something a little bit more. It's your week.

1:07.4

However, with that, let's talk about the last two days.

1:10.1

All right, so the weekend, well, while the Tech Ranch crew waited to hear more about

1:16.8

our impending sale to Private Equity Group Apollo, quite a lot happened.

1:20.9

So here's a rundown of the Tech News that you need to know about. First up, Dell announced that it will sell

1:25.8

boome, that's B-O-O-M-I, to private equity groups Francisco partners and T-P-G. The deal is valued at 4 billion inclusive of existing debt.

1:34.3

Now, you don't really need to know what Boome does, is systems integration or something like that,

1:39.2

blah, whatever. What does matter is that this is the second time in the last couple of weeks

...

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