meta_pixel
Tapesearch Logo
Log in
Equity

Equity Monday: Zoom buys Five9 as Robinhood sets IPO price range

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 19 July 2021

⏱️ 6 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. It was a big damn morning, so we had to cut some stuff. Here's what we got into: Stocks and cryptos are off this morning, as inflation and COVID-19 concerns rise. Zoom is buying Five9. The deal is not super expensive, nor is it cheap. But given the huge percentage of Zoom's market cap that it represents, it's a serious wager from the video conferencing startup. Carlyle is buying LiveU for around $400 million. TechCrunch broke this news. The deal shows that private equity interest in startups that aren't unicorns. Robinhood dropped a new SEC filing this morning! That means we have a price range and valuation target to play with. More from TechCrunch on the matter shortly. From India: A huge round for Lenskart, and a big Series A for GlobalBees. And we covered this round from Nigeria. A smaller transaction, but one that could prove to be quite neat, we reckon. Ok! 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

Click on a timestamp to play from that location

0:00.0

Good morning and welcome to Equity Monday for July 19th, our weekly primer where we catch up on the news and as always explore the numbers behind the headlines.

0:19.0

This is Alex and I'm just going to say that I'm extremely hyped for this week of news. Now why? Well, because there's been

0:24.4

enough news just this Monday morning to fill a whole week's worth of blogging. Just imagine

0:28.8

how bonkers things are going to be by Friday. But before we get into what happened over the weekend a quick look at the markets.

0:34.8

Asian stocks were down today, European stocks were down even more, and American stocks are

0:39.5

set to open sharply lower this morning. So what's going on?

0:43.2

Well, according to the financial press this morning

0:45.3

that I read, it appears to be a general concern

0:48.0

that a resurgent COVID-19 could once again

0:50.4

limit economic activity.

0:52.1

Couple that with well-covered inflation concerns and

0:54.4

things are not exactly peachy in the global market. Now, turning to Bitcoin and Friends,

0:59.2

aggregate crypto market cap was off around 4% in the last 24 hours, which means that not too much is going on in the world of

1:05.2

Bitcoin. And with that, let's talk about the weekend.

1:10.8

This weekend, Zoom, the former startup darling, announced that it will buy 5-9, another public company.

1:17.0

What does 5-9 do?

1:18.0

Well, in two words, Cloud contacts.

1:20.8

And what does Zoom do?

1:21.8

Well, it connects people to one another via voice and video.

1:25.0

So it's not really that hard to see how the two companies could work together.

1:29.0

Now, the deal is worth $14.7 billion.

1:32.0

A medium healthy premium over the company's $11.9 billion market cap,

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from TechCrunch, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of TechCrunch and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.