Hello and welcome back to Equity, the Tech Crunch podcast where we unpack the numbers and

nuance behind the headlines. It is Monday, March 14th, 2022 and I am Natasha

Masquerainis. As you can tell I'm here instead of Alex this week, so take that as a permission slash red flag

Green flag that we're going to be changing things up. I did start the week by realizing that

Pete Davidson is going to space at the end of the month,

so enjoy that factoid as we head into this week's news.

Now, I'm not a markets person,

but I do want to give a quick update on what I'm seeing

and that is definitely mixed feelings all around the world when it comes to the stock market.

This is thanks to inflation, the Ukraine war, COVID, supply chain delays and I mean all around high tensions.

So stocks did climb in Europe but at the same time they fell sharply in Hong Kong.

In America we saw slight upticks but the NASDAQ did stay flat.

And then somewhat in reflection of everything I just said most

major cryptos are down. Instead of the big tech section this week I do want to

talk about a big question or trend that I'm noticing coming back in the private markets.

So when I was first reporting on tech I noticed that investors sometimes invested in other investors

and it was kind of a way to get exposure to ambitious, speedy, smaller funds and

access to hot deals before maybe Sequoia notices. We saw it with Scout Funds,

sure, but we also saw it with Andries and Horwood's doing it, and Lightsbane and Sequoia also kind of ceding

a new generation of hopeful fun managers.

While the idea of it is not new,

I did notice that it's been gaining a lot of steam,

...