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Equity

Not-so-fake dry powder, AI and the future of DAOs

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 24 March 2023

⏱️ 36 minutes

🧾️ Download transcript

Summary

What did Mary Ann and Natasha and Alex dive into? Here's the rundown: A quick update on TikTok: The CEO of the popular social media service went before Congress today. It was a pretty darn hostile meeting. Alex caught a chunk of it live, and also has a few thoughts on the matter. From there it was time for our 'deals of the week' section, which today included Duolingo's new music product, a new DAO fund, and the latest eToro investment. Then it was time to talk payroll. We started with the Rippling deal to raise $500 million during the SVB crisis, and then discussed the larger HR tech space, which is both bigger and valuable than we realized. We closed with AI. So, so much AI. Everyone and their least favored parental unit is building a large language model, and TechCrunch is busy covering in all their glory, or lack thereof. Whew! What a week. The show is back Monday morning. We'll see you there. For episode transcripts and more, head to Equity’s Simplecast website.  Equity drops at 7:00 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, one that details how our stories come together 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 all about the business of startups where we

0:15.0

unpack the numbers and the nuance behind the headlines. My name is Alex and I'm

0:18.6

joined today by Senior Techowants reporter and Early Stage, MAVEN,

0:21.8

it's Natasha Lasascarenas.

0:23.5

Natasha, you had the best drink in the world just a minute ago.

0:26.4

Tell us what it was and why it's the best.

0:28.2

Oh my God, it is the best.

0:29.4

It's an Iced Americano and I will go on the record to apologize to Alex Wilhelm for judging him

0:34.4

for so many years on this Americano habit he had. I finally had to do it when I went to

0:40.0

Italy last summer and now I'm in love with them. So yeah, best drink.

0:44.0

Apology accepted. We're also joined today by Marianne Asavito, another one of our fine senior

0:49.0

Tech Ranch reporters. Marianne Spring has been here for a couple of days now and you also have an ice beverage.

0:54.4

Tell us why and tell us what it is.

0:56.4

Yes indeed I do. It's an iced coffee with vanilla flavor from Chick-fil-A probably full of sugar, but still so, so good, and I'm really enjoying it.

1:06.0

And the reason why I went through all of this before the show started is that we have been blissfully inundated

1:10.9

with a pile of news in the last couple of weeks so we have all reverted even more heavily to our coffee habits because we have needed the energy to power through.

1:18.0

For example, we got the script together last night and then of course the Tik-Tok hearings happened so quite a lot to talk about

1:23.6

we're gonna do Tik-Tok then we're gonna do a lingo eatoro dows what's going on with

1:29.1

HR unicorns and then talk about AI it is going to be absolutely packed.

1:34.0

But before we get into any of that, the breaking news kind of at the end of this week was that

1:37.4

TikTok went before Congress.

1:40.1

Natasha, 150 million Americans now use TikTok.oc I was shocked by that number I'm

...

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