More money doesn’t mean more growth, and other startup myths

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 20 April 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

🧾️ 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, fresh off of a reunion that included pasta and green rooms, Natasha and Alex asked: What are some startup assumptions that get it wrong? The question comes after one of Natasha’s recent Startups Weekly column, "Let’s stop pretending there are silos in startup land." In the piece, which was teased out in her newsletter, she talked about how separations between late-stage and early-stage companies aren't as iron as investors may try to sell. Of course, that spiraled into an op-ed about what other startup notions we have, and the difference between a silo and a semblance of one. Here's an excerpt from the piece: You don’t need to be a web3 company to benefit from the growing mindshare around decentralization and alternative assets; just like you don’t need to be an angel investor to adopt the idea that your advice is worthy of equity in a company; and, as I’ve hopefully shown above, you don’t need to be a late-stage company to refocus on and prioritize profitability. Our podcast continues the conversation, getting into five specific myths that we're about ready to bust. I won't ruin what we specifically get into, but phrases like "Web 2.5" and "IPO pricing" and "poetry magazines" certainly make an appearance. It's the perfect episode for people starting out in tech, or folks who are in the mood to unlearn some of their assumptions. Don’t forget that Equity is very present on Twitter these days so follow us there for other mid-week musings. 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
0:15.7	where we unpack the numbers and nuance behind the headlines. I'm Natasha
0:19.2	Mascaryness and this is our Wednesday show where we niche down to a single topic, think about a question, and unpack the rest.
0:25.6	As always, I am joined by Alex, who now we're apart and it's not as fun to record without you in person.
0:31.1	Yes, but there are so many advantages.
0:33.1	We're not holding our microphones in our hands.
0:35.6	We're not camped out in a green room and using my spouse as a bouncer.
0:38.9	You know, there are nice things.
0:40.8	The internet's better, you know?
0:42.4	Yeah, actually I forget that most podcasts in the before times were recorded in person,
0:46.4	and I guess now I'm like, I appreciate this as a novelty for like a little boost of energy,
0:50.1	but you're right. I love being in my PJs and having everything accessible to me.
0:54.0	Yeah also we should do more life shows like I think it's good to be in person it's good to do it with an audience when we can
0:59.3	it's good to do it on hopping in Twitter spaces more life life is good, but next time we're going to up our
1:05.4	production bar because you know we haven't been together for years. We don't have those muscles anymore. So you know we'll get
1:10.5	there. Totally. I mean one benefit of being remote is that we can experiment a little more without an audience all around us and that's exactly what we're going to do in this episode our producer Maggie talked to us before the show and she was like I feel like this is the Mythbusters episode and it
1:23.6	made me much more excited because we're framing it around that but a lot of
1:26.4	this episode is really going to be about an idea I was thinking of over the
1:29.3	weekend which is my first few years when I was reporting on startups I was taught a lot of assumptions or
1:34.3	truths about startups and now a few years in I'm like things aren't as separate and
1:39.4	unimpacted by each other as we think Kirsten Green was also saying this when I was asking her about how the market is impacting
1:45.3	seed-stage companies that she was like, listen, there are no silos even though you say that they are.
	...

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