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Equity

It's a boom! It's a bubble? It's a correction.

Equity

TechCrunch

News, Business, Entrepreneurship, Business News, Technology

4.2372 Ratings

🗓️ 16 February 2022

⏱️ 28 minutes

🧾️ Download transcript

Summary

This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha and Alex asked: What can startups learn from the rise, and now struggles, of Hopin? For companies that grew like weed, what’s next?  In the show, we talked through Hopin's meteoric rise and why we called them the fastest growth story of the era, comparable or better than what Slack and other well-known growth stories managed during their own ascent. However, with Hopin now cutting staff after raising mountains of cash and buying a half-dozen smaller companies, it's clear that hyper-scaling has limits. The economy is changing, again, which is also going to shake up which startups have tailwinds, and which have headwinds. Just like it did before. Hopin is perhaps a very visible canary, but it is hardly the only startup that rode COVID-19's economic disruptions to new heights, which means it won't be the only company left to navigate a changed world when the winds shift. https://techcrunch.com/2022/02/12/its-not-a-startup-reckoning-its-a-recorrection/ 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

0:16.3

startups where we unpack the numbers and nuance behind the headlines. I'm

0:20.3

Natasha Masquerainis and this is our Wednesday show where we niche down into a single topic, think about a question and unpack the rest.

0:27.5

This week we're asking, what can startups learn from the rise and now struggles of Hopin.

0:33.0

And for companies that grew like a weed,

0:35.0

what's next as we see a recollection jump all over startup land?

0:38.0

As always, I am joined by Alex.

0:40.0

Alex, how are you hopping along this morning?

0:44.0

Oh, I'm bouncing like a bunny on uppers is how I feel.

0:48.0

That's mostly because it's like negative a thousand degrees where I currently am.

0:52.0

So I'm wearing a long-sleeved shirt.

0:54.0

I noticed. It's different. You look great.

0:56.4

Thank you.

0:57.4

Yeah.

0:58.4

But it's a moment of transition for the seasons, for the startup market, and it's also kind of a sad day this is this is not

1:03.6

going to be the happiest show we've ever recorded definitely not but it's going to

1:07.4

be an interesting one we're gonna start by talking about Hopkins layoffs

1:10.7

and how that contrasts with their growth story.

1:13.4

Alex has been covering them since their seed,

1:15.5

so we're talking fundraising, we're talking ARR.

1:18.1

Then we'll get into like, what happened?

1:19.6

Why are they having layoffs today?

...

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