Foundry is shutting down in slow motion

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 16 February 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

On today's news round up, Alex, Mary Ann and Karyne are looking at: Deals of the Week: Rasa’s $30 million Series C had our tongues wagging. The startup is building finservice-focused conversational AI tools. Karyne wanted to talk about the latest round at the intersection of AI and crypto, while Alex wanted to riff on Hippo Harvest’s $21 million round for indoor robot farming. Venture capital’s year of transition: After OpenView called it quits, and Countdown Capital returned funds to LPs it became clear that venture is evolving. New news that Foundry is not going to raise another fund after its current $500 million vehicle added another name to our roster of venture firms that are taking a different direction in the future. YC’s new call for startups: Well-known startup accelerator Y Combinator has a new request for startup list. Given the weight that YC carries in startup-land, we had to dig into what it’s proposing. Though we’re a little skeptical of the near-term impact of spatial computing, the other updates made good sense to our minds. We’ll be back on Monday! For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders 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, a podcast about the business of startups where we
0:16.8	unpack the numbers and the nuance behind the headlines. Today is February
0:21.1	16th, 2024. My name is Alex and I'm joined today by two of my long-running work besties.
0:27.0	In one corner, we have Senior Tech Ranch reporter on the FinTech beat. It's Mary Ann Asabedow.
0:32.0	Mary Ann, hi.
0:33.0	Hi, Alex, how are you?
0:34.6	I had really good donuts today, so it's been a pretty good day overall, yeah.
0:40.5	I'm jealous, yum.
0:41.9	Well, my stomach does not agree because I need to go for I run but we also have
0:45.9	Corinne leaving with us. Corinne hey how are you? I'm doing very well. Thanks for having me
0:50.7	on the show again. Oh my gosh, an absolute pleasure.
0:53.0	This is just like all of our various meetings
0:55.0	we've had over the last couple of years together,
0:56.7	just now in a live recorded format.
0:59.3	So nothing bad will happen whatsoever.
1:01.4	But the good news is we have the right people today for this show because on the pod today deals of the week are
1:06.8	Rasa, Ultiverse, and Hippo Harvest, a little bit of blockchain in there, a little bit of robots, even some Fintec, it's going to be great.
1:13.3	Then for the first theme, we are discussing Venture Capital's transitional moment and why this year
1:17.4	is going to look very different in Venture Land than what we have seen in years before, and
1:21.6	then we're going to close off with what YC wants to see from
1:24.2	startups today.
1:25.2	Maryand, though, we're kicking off with Rasa, which just put together a very nice series
	...

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