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Equity

The huge TAM of fake breaded chicken bits

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 11 June 2021

⏱️ 30 minutes

🧾️ Download transcript

Summary

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. We're closing our survey soon, so this is your last chance (probably) to get your voice heard! Despite it being a short week, as always, it was a busy, busy time. We had Grace on the dials today, and Danny, Natasha, and Alex making chit-chat about the tech world. As with every week this year, we had to cut and cut and cut to get the show down to size. Here's what made it in in the end: Medium saw more employees depart the company after CEO Ev Williams published a 'culture memo.' While the Medium memo doesn’t wholly ban politics, some allege that the undertone of the statement, timed weeks after a failed unionization attempt, created an unsafe environment. A week later, Natasha covered another controversy, this time at Y Combinator. We riff on the takeaway, and what this story looks like three months from now. The issue of company culture is attracting companies. Or more precisely startups, with Blendoor dropping a new report this week that TechCrunch covered, and Vault raising $8.2 million to provide a software solution to aid employees in reporting misconduct. On the funding round beat, we explored ChartHop's new $35 million round that Danny had many thoughts about, fake-chicken nuggets startup Nuggs raising $50 million, and Faculty's latest deal that will help power its vision for the future of male grooming. We also got into Lifted's elder-care focused round, a startup in the larger healthtech beat that Natasha is giving some of her attention to. And we wrapped with the ExtraHop exit. We spent a minute trying to figure out why the company was valued at $900 million in its exit. The number, while large, felt light based on what we knew about the company. Thanks for hopping along with us this week and every week. Quick programming note: Natasha will take Alex's spot on the Monday show for next week since he's out, so be nice, and send her stuff to mention. 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

Hey everybody this is Alex this is Natasha and we are back with our equity

0:05.3

listener survey this is the second time we are doing this we are incredibly hyped so we

0:09.8

want to do another temperature check because we have gotten a ton of new

0:12.9

listeners thank you and our loyal listeners we always want to make sure we are doing

0:16.5

our best work for you so if you want to take the survey it's just a couple of

0:20.6

clicks it's really really quick there is a link pinned to the top of the

0:24.4

Equity pod Twitter account there is a post over on techrunch.com if you're looking just

0:28.5

my author or page if you want and essentially just fill it out and will make the show better.

0:33.0

It's pretty one to one.

0:34.0

And to sweeten the deal for those who like surprises,

0:37.0

if you complete the survey you will be entered to win an equity gift basket.

0:41.0

The basket is a mystery to you and to us right now, but the things you might possibly win would be

0:46.9

Tech Crunch socks disrupt tickets tickets to our first live stream recording of the show.

0:51.2

We're also offering a time share with our Webby Award,

0:53.8

a Danny Crichton transition carved into a single block

0:56.7

of aluminium.

0:58.0

And if we nag people enough, maybe, maybe, I can't promise this,

1:02.2

an equity t-shirt.

1:03.3

We are still on our crusade for merch after all these years.

1:06.9

But please fill out the survey.

1:08.0

It makes us super smart and super happy,

1:09.7

and so we appreciate it and we appreciate you.

...

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