Equity Monday: Twitter rivals, unicorn trivia and valuation homework

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 17 January 2023

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

Here's what Natasha chatted about today: Big tech: Good news for Bitcoin and Ethereum, even as late-stage companies in the space cut to stay afloat. Big idea: I had two ones to get through. First, Africa had no new unicorns last year, despite record fundraising raising. What's that all about? Second, I want to talk about Stripe's internal valuation cut, yet again, and what that news means on the outside. Big innovation: I talk about yet another Clearco executive shake up and yet another Clearco round of layoffs, as well as the energy for the fintech moving forward. We end with a look at freshly-backed T2, which is opening up its game plan in a spreadsheet format. We love to see a Twitter rival, love even more to see one utilize the beauty of read-only spreadsheet features As always, you can support me by following me on Twitter and Instagram. The show also tweets from @equitypod, so follow us there and turn on notifications to never miss a new update from your favorite podcast team in tech (ugh, you shouldn't have). Equity drops at 10:00 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
0:14.0	numbers and nuance behind the headlines. I'm Natasha Masquerinas and it is
0:17.3	Tuesday, January 17th, 2023 and I am coming off a fun long weekend. I visited Providence. I visited
0:24.0	Alex Wilhelm, a host of the show. He and his baby and wife are doing amazing.
0:28.8	And yeah, we are back for a shorter week, but not a quieter one. let's jump right into markets with actually some good news and crypto.
0:38.6	Let's start with the markets and especially looking at the crypto world, so it's been just one week since coin-based cut 20% of jobs
0:45.6	and days since crypto.com cut 20% of jobs.
0:48.8	And while those are definitely bearish signs,
0:50.8	I actually have some bullish data to bring forward to balance everything out.
0:54.3	According to CNN, Bitcoin is up 25% over the past month and last I checked it's
0:59.7	priced at above 21,000 for the first time since FTX really imploded. We also see
1:04.8	Ethereum which is right underneath Bitcoin in popularity. It's up more than 30%
1:09.6	over the past month trading above 1,500.
1:13.2	We know the price volatility is such a thing
1:15.3	in all the markets, but especially crypto.
1:17.5	But I think this is helpful in just to understand,
1:19.9	one, where the industry is heading
1:21.4	and how consumers are thinking about it,
1:23.0	and two, we've just been hearing the phrase crypto winter again and again.
1:26.3	Maybe the spring is closer than we think.
1:28.9	To check off our big tech box, I'm going to talk about Apple.
1:31.9	I had no expectations to be hearing from them this early on a Tuesday because
	...

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