Owning the paycheck is the key to fintech success

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 18 June 2021

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week, Natasha and Danny, otherwise known as your two new favorite Book influencers (inside joke, you'll get if you listen to the show), hopped on the mics to take everyone threw the news, with Grace and Chris in the background. Here's what we got into: Wise announced plans to go public via direct listing, making it the biggest company to use this route to debut on the London Stock Exchange. Andreessen Horowitz goes into publishing with Future, so Danny and Natasha took turns fawning over why everyone has hot takes about a blog, and what could be in the future for Future. Harry Stebbings turned up the volume on 20VC with new $140M fund. Natasha broke down why it matters for emerging fund managers, and why it might quiet some concerns about the growth potential of micro-funds. After we left our usually programmed media and venture conversation, we turned to community. Commsor bought Meetsy to build community tools for all for an undisclosed price. Danny found hobby-market fit with BookClub, a startup that just raised $20 million to make reading experiences more engaging with author-led discussions. Then, the edtech convo continued with Formative's $70 million financing event from this week. Danny had the scoop on Gusto's first-ever acquisition as well as Clair, a tool that is skipping the direct deposit and heading straight for the paycheck. To close out the funding round section, we spoke about Carbyne making emergencies more streamlined, and what Natasha argued is the headline o' the week: Neo4j raises Neo$325m as graph-based data analysis takes hold in enterprise. To close, we spoke to HBCUvc's $1 million fund to back overlooked founders, and onramp aspiring investors. Well, as you can tell, it's been a busy writing and speaking week for your humble hosts. We're grateful for the opportunity, and will be back in your ears on 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.
0:13.6	Enough of that, let's start the show. Hello and welcome back to Equity Tech Crunch's Venture Capital Focus
0:30.0	podcast where we unpack the numbers behind the headlines.
0:33.0	I'm Danny Crichton and joining me today is Natasha Mosk Raynes.
0:36.7	Tech Crunch is, well I guess it says managing editor.
0:39.4	Surprise you've been promoted because we didn't upgrade the script and apparently I've been replaced by you.
0:43.8	How are you doing Natasha? I'm doing fantastic Danny it's my last two weeks in New Jersey so it is
0:49.6	bittersweet but I'm happy to be returning to the West Coast. I don't think anyone's ever said bittersweet about leaving New Jersey but nonetheless your family's there so I can imagine it's always a little bit bittersweet and and this week
0:59.9	Alex Wilhelm is not with us because he is on a well-deserved vacation so it is just Natasha and I riffing on all the news and there was a lot of news this week
1:08.1	We had in recent launching future. It's blog and we're gonna get into how exciting a new blog is this week.
1:15.0	We had Harry Stebbings raising a huge amount of money for 20 VC,
1:18.0	Coms who are acquiring Meetsi, a bunch of Ed Tech fundraises, including stuff about books a gusto acquisition
1:24.9	funding rounds from Claire carbine and Neo-4J and finally hb c uvc a new fun launch but before we even
1:32.2	begin we had breaking news before the
1:33.7	podcast started we learned that WISE which was formerly transfer WISE is
1:37.7	planning to go public on the London Stock Exchange in a direct listing
1:41.1	which would be the first direct listing in the UK for a startup.
1:45.2	Natasha what did you think when you heard of this news? It's huge I mean the fact that it's the
1:49.2	first one ever to do a direct listing for the lending stock exchange is alone and interesting. But, you know,
1:54.4	WISE is a pretty mature company. C and B.C. wrote that after being founded in 2010,
	...

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