Stripe is playing checkers with Plaid

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 6 May 2022

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The crew was back at full-speed, and maybe even full excitement meets exhaustion, this week. Alex Wilhelm, Natasha Mascarenhas and Mary Ann Azevedo were on the mic with moral and edit support from the wonderful Grace. If we had to give this episode it's own autobiography we'd call it: "Drama, tech twitter and therapeutic moments in between." We got into a whole ton of news including: Musk's new best friends back his $44 billion bid for Twitter - and why one of them are probably experiencing deja vu. For deals of the week, Natasha spoke about Line's play for more inclusive fintech, Mary Ann got into Truist paying attention (and money) to a fintech startup and Alex took us to the music world with the latest on SoundCloud's thought bubbles. Then we talked about how digital health startups are bracing for a Post-Roe world, and which companies to pay attention to. (Insider tip: We're taking about this topic in more depth on Equity Wednesday, coming up next week!) Next up, how early can early stage investor go? Recent news from Backstage Capital includes a milestone and a pause - and has us scratching our heads on what other pivots we may see from investment firms. Finally, we ended with our favorite part of the show and spoke about the latest Stripe and Plaid drama. The two companies went from partners to competitors this week, and we talk about the tensions that result. Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotifyand all the casts. 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

Click on a timestamp to play from that location

0:00.0	Hello and welcome back to Equity, a podcast about the business of startups where we unpack
0:16.2	the numbers and the nuance behind the headlines.
0:18.6	My name is Alex and I am joined today by two of Tech Rinch's absolute finest in one corner
0:22.4	we have Natasha, Moscarenis
0:23.8	Natasha hello hello how are you Alex I am fired up and feeling good I actually have
0:28.8	like a free afternoon don't tell anybody but that means that I'm gonna be able to like
0:32.2	do some
0:32.8	administrative catch up and like maybe read an email. I'm so excited. I'm so
0:36.3	happy for you. The other laughing voice you hear in the background there is none other than
0:41.0	our own Mary Ann as a veta. Mary Ann, I hear you've had nothing to do lately and you've been totally relaxed and nothing's breaking.
0:46.3	Too much breaking these Alex too much. It's been crazy. We're all a little
0:51.1	frazzled by the word under fire. There's just so much going on that we've really had to like cut and hone this particular episode. We had to throw stuff in at the last minute. It's busy out there. There have been weeks in Equity's history when it's been a little thin
1:03.0	that has not happened for some time and seems to be accelerating. So today, just to give everyone an overview,
1:07.7	we're going to talk a little bit about how Elon Musk's bid for Twitter is being
1:11.2	backed just for a second. Then we have three deals of the week,
1:14.0	Line, truest, and then SoundCloud Bine, Museo.
1:17.0	Then we're going to talk about health startups in a post-Roe environment.
1:20.0	That's kind of a US specific story, but I think it has global impacts.
1:23.0	Then we're going to riff on the earliest stage and what's going on with backstage capital
1:26.7	and then we'll close with well what other than FinTech drama what's going on with
1:30.5	Plaid and Stripe and why we ended up with the best Twitter exchanges
1:34.1	we've had in some time thanks to that bad thing. But let's start off with the
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from TechCrunch, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of TechCrunch and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.