Some good news, some Better.com news

Equity

TechCrunch

News, Business, Entrepreneurship, Business News, Technology

4.2 • 372 Ratings

🗓️ 18 August 2023

⏱️ 34 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week Mary Ann and Alex were joined by our regular guest host Kirsten Korosec. Here's what the gang got into: FTX's former CEO SBF is heading to jail: We struggled to find much pity for the former celebrity executive. Better.com is going public: After much controversy Better.com's SPAC merger is a go. The deal is a fundraising mechanism by our understanding, though we had a bit of a tough time coming up with a bull case for the company in the present moment. Monday.com's growth: Alex has kept tabs on the earnings cycle as always, which led him to write rather kind things about Monday.com's most recent quarterly results. In short, the former startup is posting quick and cutting its losses and generating lots of cash. What's not to like? Vinfast went public, and investors are stoked: Another SPAC deal for the list today is the Vinfast debut. Vietnamese EV company Vinfast is now worth more than many major auto companies, despite falling revenues and massive unprofitability. So what, says the market. The IRA turns one: The Inflation Reduction Act's impact on American manufacturing is big, and growing. Europe might have been irked to start, but it appears that fans of domestic production have found their champion. The fundraising market: To close out the show we chatted about Becca's recent article on new venture funds raised by women, and a quick look at the pre-seed market for all the founders out there. That's all from us this week. We are back Monday morning, chat then! For episode transcripts and more, head to Equity’s Simplecast website. Equity drops at 7 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 foundersand 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 about the business of startups where we
0:15.3	unpacked the numbers and the nuance behind the headlines. My name is Alex and I am
0:19.1	joined as always by senior Tech Ranch reporter on the FinTech beat, it's Marianne Essevedo.
0:23.7	Marianne, hi, how is your week?
0:25.5	Alex, it's good, but I can't not talk about the weather.
0:30.2	I'm sorry.
0:30.9	I know it's a topic that we try to avoid but we are going on like day 41 of over
0:36.7	100 degree temperatures here in Austin it's brutal it's humid we miserable. I had to vent
0:43.0	You know we have Kirsten Korsek on the show. I'm going to bring her on just a second
0:47.1	But Kiercing covers the transport beat and one thing I've learned from her coverage is that there are two-wheeled vehicles,
0:53.0	four-wheeled vehicles that fly,
0:55.3	vehicles that even go to space.
0:56.3	There's many ways for you to get out of Austin
0:58.5	and yet you're still there.
0:59.8	Why?
1:00.6	I mean, I, you know, I have kids in school I mean you can't just leave right now. I'm going to blow your mind.
1:06.9	There are schools in the Northeast where the weather is not as bad.
1:09.7	Anyways, Kirsten Kaurisix with us again.
1:12.1	Kieerson lovely to have you back on the show.
1:13.7	How are you?
1:14.4	I am excellent.
1:15.3	And Alex, just to point out that you also live in the Northeast
	...

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