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Equity

If 12% is the new 30%, 4% is the new 12%

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 7 May 2021

⏱️ 33 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 whole team was aboard for this recording, with Grace and Chris behind the scenes, and Danny, Alex, and Natasha on the mics. We had to cut more than we included this week, which should give you a good idea of how busy the startup and VC worlds are of late. Make sure that you are following the podcast on Twitter, where we post all sorts of memes and cuts and, perhaps, the occasional video here and there. That aside, here's the rundown: Investing legend David Swenson passed away. Twitter is buying Scroll (neat, very cool) as part of its subscription push, but also killing Nuzzel in the process (bad, very uncool). Natasha and Danny fill us in on why Nuzzel will be missed. Alex has thoughts on why Twitter-Scroll is good. Epic bought ArtStation and cut its marketplace take rate. This is the future, says Danny, who throws his own estimates in, too. Sony and Discord are tying up after the Microsoft-Discord deal fell apart. Edtech is doing the edtech thing in which it raises money and consolidates, as shown by Kahoot's latest scoop. A friend of the pod, Jomayra Herrera, is joining Reach Capital as its first ever outside-partner hire. Uber is teaming up with Arrival for ride-hailing designed electric vehicles. We're pretty bullish on the idea. Also Alex likes to say "microfactories." IVF startups are raising venture capital, and this time its Alife Health that we're talking about.  WorkBoard raised again. Alex once again made us talk about OKR-focused startups. He needs to get a life, and so does the rest of the Equity team which fought to do the transition into this segment. To end, we spoke about Leda Health, a new startup focused on at-home rape kits for sexual assault survivors. It's a controversial company, and we discuss critiques and opportunities, And that's our show! No private equity deal can slow the Equity team down, so we'll see you Monday! 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.

0:13.4

Enough of that, let's start the show. Hello and welcome back to Equity Tech Runch's Venture Capital-focused

0:29.9

podcast where we unpack the numbers behind the headlines. My name is Alex

0:33.4

Baham and I'm joined today as always by my two besties. I have Natasha

0:37.1

Moscureanes here. Natasha, how is life? Alex besties is actually a Gen Z

0:41.9

phrase that is coming back.

0:43.9

So snaps to you for being hashtag relevant.

0:46.9

Yeah, three generations early.

0:48.4

Here's the thing though, can Gen Z bring something back that didn't go away?

0:51.3

Because I've been saying besties forever.

0:53.0

And another person who's also ancient like myself is Danny Cryton.

0:56.0

Danny you're here. How are you bestie?

0:58.0

I'm doing well. I don't have besties. My besties are like bottles of various liqueurs.

1:03.6

Yeah, I tried that for a long time and then I had to flip from bottles to humans because

1:07.7

it wasn't working out so well.

1:08.8

But I will say this, before we jump into the show and we have a lot and I will tell you

1:12.0

all about what's going to happen in a second it turns out today I learned a very important fact which is that technically according to the Tech Ridge org chart I work for Danny

1:20.7

and for for like years now I've been flaming him on the show.

1:24.8

And I think it's why my bonus was in big a lot.

1:26.7

Danny, did you know this?

...

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