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Equity

The fintech funding market is not dead

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 21 June 2022

⏱️ 10 minutes

🧾️ Download transcript

Summary

Alex and Grace are back to cover the biggest, boldest and baddest technology news. This is our Monday show, coming to you this week on a Tuesday as, hey, yesterday was a holiday for many American workers, in honor of Juneteenth. So, we're doing our weekly kickoff one day later than usual. Here's what we got into: Stocks are higher globally, while the crypto market is somewhat quiet after a tumultuous few weeks. We're coming up on the end of Q2 2022, which means that we're at once heading into earnings season (woo!) and another venture capital data set to parse. Get excited. Musk has been busy around the world, helping keep Ukraine online, seeing his cars come under some censure in China, and still talking his way through buying twitter. In startup-land: LeadSquared raised a huge round, and is now a unicorn. Platform.sh raised a huge round, but we aren't sure what it is worth. And Stashfin also put a huge amount of capital and debt onto its own books. The fintech VC market is still alive, despite warning bells from, well, everywhere. Magic Eden just raised for an NFT marketplace, we note. (Though prices are, yes, coming down.) That's our show! We're back tomorrow and Friday! 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, Spotify and 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

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0:00.0

Hello and welcome back to Equity, the Tech Runch Podcast, where we unpack the numbers and the nuance behind the headlines.

0:16.0

This is Alex. It is June 21st, 2021, and this is Equity Tuesday because TC was mostly off yesterday, but we are never going to let you start a week without some help. So here we are. Let's talk about the markets. Let's talk about the news. Let's talk about startups. Let's have some fun.

0:31.0

Let's kick off for the look at markets as always turning our eyes over to Asia.

0:38.1

Shares are broadly higher today, China aside.

0:41.0

Over in Europe stocks are also up and they are set to rip higher at the open here in the United States.

0:46.4

So after a couple of tough weeks, we are at least starting this one off on the right foot.

0:50.8

Now turning to the world of crypto there has been limited movement in

0:54.1

the price of major coins in the last 24 hours and actually in the last week the

0:58.1

majors are somewhat flat as well as their declines are not kind of being

1:01.2

digested if you will.

1:02.8

NFT volume does look somewhat weak and TVL or total value locked on chain according to

1:07.6

Defy Lama peaked around 250 billion dollars now down to about 75 billion

1:12.4

so while price movement might have kind of

1:14.5

settled out a little bit we are seeing declines in other elements of the broader

1:18.1

crypto world and there is lots of reporting out that South Korea is banning

1:22.3

former employees of Terra Form labs

1:24.2

from leaving the country over the Terra Luna Stable Coin Shatstoor.

1:28.3

Now we're coming to the end of the second quarter, this is of course the end of June, so get ready

1:31.9

for a new crop of VC data, and then we're going to have earnings season again.

1:36.7

It's always good to get a better feel for where the startup market really is, but also, didn't we just get through earnings season?

1:43.3

How is it always earnings season?

1:45.4

But we will get new pricing information and of course a look at where VZs put money to work.

...

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