SBF's sentencing, Databricks' GPT rival, and who's investing in the "underdog" founders

Equity

TechCrunch

Founders, Silicon Valley, Finance, Ipo, Vc, Technology, Business News, Startups, Business, Venture Capital, News, Stock Market, Entrepreneurship, Techcrunch

4.2 • 365 Ratings

🗓️ 29 March 2024

⏱️ 32 minutes

🔗️ Recording | iTunes | RSS

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Summary

As the week comes to a close, we're also shutting the book on the trial of former FTX CEO Sam Bankman-Fried, the erstwhile crypto baron who is heading to prison for 25 years. But while the SBF news was a big deal, there was so very much more to cover on today's news roundup episode of Equity. With Kirsten Korosec, Mary Ann Azevedo, and Alex Wilhelm aboard this week, the crew dug into Robinhood's new credit card and what it can tell us about the strategy of major tech companies, Fisker's latest woes, and even Databricks' new AI model that it spent $10 million to spin up. We also dug into two companies building startups focused around kids. One wants to help tots learn how to produce music, while the other is working to reduce waste and help parents care for their kids on a budget. Then, to wrap up, a look at just who unicorn founders really are, and a new $100 million fund that to back climate tech.

Transcript

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0:00.0	Hello and welcome back to Equity a a podcast about the business of startups where we
0:15.4	unpack the numbers and the nuance behind the headlines. My name is Alex and I
0:19.7	am joining today as I am each and every Friday by my dear friend Senior Tech
0:23.5	reporter on all things FinTech it's Marianne Esavito.
0:26.5	Mary Ann, hi how's life?
0:28.1	Life is good it's a beautiful day here in Austin how are you?
0:31.2	Well I got an eye infection my eye did horrible terrible things I got an eye infection. My eye did horrible, terrible things. I got to spend a day on the couch, and now I am back at work and blinking a lot. But I can see out of both sides of my face, which does allow me to spy in the other corner,
0:42.6	it's Kirsten Korsack.
0:43.8	Hey, Kirsten, how are you?
0:44.9	Hey, it's been a minute since I've been on.
0:47.0	I've traveled, I don't know, like,
0:49.6	seven different places since the last time I was on the podcast so it's good to be back.
0:54.0	So I wasn't going to bring up the fact that you were just going on full jet set
0:57.8	mode there for a bit but give us your chief highlight from the lost business
1:01.9	trips quickly and what did you learn that was the most interesting?
1:04.3	So Detroit was really fascinating to see actually what's kind of going on downtown with this incubator, Michigan Central, that new lab is actually involved in.
1:15.0	Saw how it's all laid out, it's very neat and we actually have a feature coming up in a couple of weeks
1:19.3	about one of those startups.
1:21.7	South by was South by in Austin.
1:23.7	Missed you, Marianne, I know you escaped the city at that time.
1:26.7	And, you know, there was still transportation stuff,
1:29.8	but wow, was there a lot of Gen AI stuff going on.
	...

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