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Equity

Hundreds of SPACs waiting in the woods

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 14 May 2021

⏱️ 34 minutes

🧾️ Download transcript

Summary

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. The fully-vaxxed and officially fully-immune took over the podcast this week, with Natasha and Danny co-hosting the show while the inimitable Alex is out from Shot #2. Grace and Chris, as always, were behind the scenes making sure we sound pretty and don't fall down too many punny board game rabbit holes after vacation. Here's the rundown of what we got into: Crypto crashed -  thanks to either Elon or the guy who created Ethereum and then donated some to relief efforts for COVID-19.  We debated how signal gets lost and rediscovered and lost again in this news cycle, and what that means for anyone in tech trying to get a pulse of. what's actually happening. One symptom of market craze and disconnected booms? A startup named Caplight that wants more people to buy and sell short positions on private startups.  We then pivoted into the last bit of our 'The World Is Melting' section to talk about home ownership and the slow stink of real estate stocks right now. Ontop of that, Better.com, a digital mortgage lender, decided to SPAC after reportedly tabling an IPO. A mention of SPACs obviously opened up a can of worms, or should I say, oasis of woods. The world might be melting, but Softbank could be having the last word. The Japanese conglomerate shut us up with its recent profits - proving Danny's point in an old EC piece (use code EQUITY for a discount). We switched gears and talked about a neat new $20 million fund coming out of the Midwest, Sixty8 Capital, and its plan to invest in underrepresented founders. The show ended as chaotically focused as it began with a round robin of the most interesting funding rounds of the last week, not limited to but including Blind's $37 million raise, The Last Gameboard's $4 million check, Just Women's Sports, and Morressier's $18 million Series A.    And that's where we break! Follow the podcast on Twitter, be kind to your humans, and be the kindest to yourself. Back sooner than you can raise a $25 million pre-seed round for an audio app for Dogecoin lovers. 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

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.

0:14.0

Enough of that, let's start the show. Hello and welcome back to Equity Tech

0:28.8

Crunchers Venture's Venture Capital Focus

0:30.4

podcast where we unpack the numbers behind the headlines. I am Danny

0:34.2

joining me today is Natasha Moskarenas. Natasha how are you today?

0:38.1

Danny I'm doing great because we are having a half equity reunion this weekend and

0:42.4

I get to finally meet you and Grace in person.

0:45.5

We are having a reunion, we are fully vaxed.

0:48.2

The whole techred staff is actually getting a picnic together somewhere in New York City, if you can

0:51.7

find us, don't pitch us. but we're going to meet each other outside

0:55.4

outdoors for the first time in 14 months which is very exciting but so much news and I gotta be honest we were both on vacation

1:01.5

Alex our normal co-host is out sick today I had food

1:04.7

poisoning this week so like I'm sick I was on vacation you were on vacation we come

1:09.6

back the world has fucking ended and we're gonna bleep that out I assume but it is ended

1:14.4

Everything is up into the right everything is down to the left. So lots of stuff to talk about

1:19.1

We're going to talk about macro issues including the pipeline burst,

1:22.8

gas, Bitcoin crash, crypto crash,

1:25.5

there's so many things up and down.

1:26.9

We don't even know.

1:27.8

We're just making things up at this point.

...

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