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Equity

This feels like a SoftBank deal from 4 years ago

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 17 June 2022

⏱️ 31 minutes

🧾️ Download transcript

Summary

Equity is back in the saddle this week, with Mary Ann and Alex and Grace powering through a busy week's news. And while much of the news in startup-land is a bit lacking these days -- you may have noticed a sentiment shift on Twitter! -- we did find some good tidings as well. Here's the rundown: Sesame, which operates an online medical care marketplace, raised $27 million to help people without insurance or those with high deductibles get affordable health care. Interestingly, its lead investor also previously put money in another startup in the space. Marc Lore's food creation, and delivery startup Wonder raised a huge stack of cash. We had mixed views on this particular deal. On one hand, we hate cooking. On the other, will the economics ever work? Investors really seem to think so. We're now waiting for the service to launch where we live so we can give it a try. Startups may be in better shape than you thought! That's the take that Index's Mike Volpi wrote in a letter that TechCrunch published. Alex dug into the matter as well. There are even more positive signs out there if you look. The real estate sector has taken a hit as of late, which led to Redfin and Compass laying off hundreds of employees. Yet one other proptech startup managed to raise capital and acquire a company this week. And to close, the crypto mess. Here's some layoff news. And here are some new problems. Finally, an attempt to find some understanding of what's going on. And that is a wrap! We will chat you all next week! 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, a podcast about the business of startups where we unpack

0:16.4

the numbers and the nuance behind the headlines.

0:18.6

My name is Alex and I'm joined today by Senior Tech Ranch reporter covering

0:21.5

FinTech, Prop Tech and Latin America, it is Mary Ann

0:24.0

Asafeto. Mary Ann say hello to the people.

0:26.5

Hello everyone, happy to be here today. How are you, Alex? I'm good. It's Thursday.

0:31.8

I have lots of coffee.'s not raining the dogs are all

0:34.5

inside and not barking at me I had two breakfast sandwiches for breakfast so I'm

0:38.4

I'm feeling great actually yeah hanging in there I I bet, that sounds awesome.

0:43.6

Yeah, so there's a bacon shortage in the Northeast.

0:45.5

Sorry, but not very sorry.

0:47.2

Anyways, we have an absolutely packed show today for you.

0:49.6

We have notes on a couple of deals, including Sesame and Wonder Group and trust me you're

0:54.9

gonna want to hear the second one of those it's very interesting then we're

0:57.2

gonna talk about good news out there in the world of startups equity and the

1:00.4

market has been a bit of a doom and gloom situation lately so we're going to turn it up

1:03.5

flip it around and have some good news times. Then we're going to talk about the housing market and go right back into the bad times,

1:08.6

Mary Ann, because Redfin and Compass are not exactly hiring new staff.

1:12.8

And then we're going to talk about WTF

1:14.9

is going on in the world of crypto,

1:16.6

and we'll try to do that with as few bleeps as possible.

1:19.2

Whoa, I think that's it, yeah?

...

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