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Equity

That's capitalism, baby!

Equity

TechCrunch

News, Business, Entrepreneurship, Business News, Technology

4.2372 Ratings

🗓️ 21 July 2023

⏱️ 33 minutes

🧾️ Download transcript

Summary

Here's what we got into today: Deals of the Week: Layoffs at Cameo, where fintech valuations are today and where they are going, and Egnyte's slow-burn path to an IPO. The end of VanMoof: Raising a lot of money doesn't necessitate a startup's success. Such is the case with VanMoof, which raised nine-figures and built and sold e-bikes. Now it is no more, and we have questions. CEO turnover: As the CEO of OnlyFans steps down, the gang dug into when a CEO can or should step down. Certainly some companies do best, for example, with long-term leadership by a founder. But not all. Generative AI and the writer's strike: It turns out that we're bigger South Park fans than we knew as a group, but that's not really the point. What matters is that a recently released 'AI-generated' episode of the show is driving a conversation today concerning how critical — or not — humans are to the creative process. Google is also busy here. And that's the end of the week! Equity is back on Monday! Chat soon! 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

0:14.9

unpacked the numbers and the nuance behind the headlines. My name is Alex and I am

0:18.6

joined today by my friends. I have seen your technical reporter on the FinTech

0:22.0

beat. It's Mary Ann.

0:23.7

Hi Mary Ann, I hear you are in the state of North Carolina,

0:26.8

which apparently has a great number of excellent state animals.

0:29.5

It does, and yes, yes I am,

0:31.2

enjoying a little bit cooler weather than Texas while I'm here.

0:34.8

That's good the second place that's cooler than Texas is literally the surface of the sun but

0:38.7

we're not all stuck in the south some of us are in the northeast we also have on the show today

0:42.0

Rebecca Scutek, senior

0:43.4

Tucker Winter on Venture Capital and co-host of our sister podcast, Found, Becca, hi, how are you?

0:48.9

I am good. Gotta say it's pretty hot up here as well.

0:52.1

Yeah, I know. Pretty much everywhere in the world

0:54.7

a thousand degrees right now and I'm miserable. It's it's too much. I like warm

0:59.1

much better than like you know winter but I don't like to sweat before breakfast it's too much yeah the

1:04.1

humidity not dropping below 50% for like two weeks here and we're not even in a

1:08.1

heat wave technically yet is like a little concerning yeah one could say everyone in Arizona is like, it's a dry hate.

1:14.0

Like, not anymore.

1:15.2

Welcome to hell, everybody.

1:16.6

All right, climate change aside.

1:17.9

We have a great show for you today.

...

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