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Equity

We'll probably retire before Databricks IPOs

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 15 September 2023

⏱️ 33 minutes

🧾️ Download transcript

Summary

Here's what Mary Ann, Alex and Kirsten got into: More layoffs at Divvy Homes: More cuts at a company that was once richly valued and heavily venture-backed. Rising interest rates are having a ripple effect across startup-land. Databricks is big, and now richer: With $500 million in a new Series I, Databricks is now worth more money and has fresh capital to continue working on AI. Lime, just go public already: What is profitable and private and a tease? Lime. Well, that last bit is a stretch, but really you can only ring us up and tout profits and growth so many times before we expect an S-1. More data is good: Venture capital firms, however, seem to disagree. If you want groceries in 15 minutes, here's where to live: Brazil, for one. Or India. Differing labor costs around the world appear to be the axis around which quick deliveries are feasible, or a financial mess. We are back next week for a busy run at Disrupt! We'll see you there! 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 founders and 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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0:15.5

Hello and welcome back to Equity, a podcast about the business of startups where we unpack the numbers and the nuance behind the headlines. My name is Alex and I am

0:19.5

joined today by my dear friend and colleague, it's Techfront Senior

0:22.4

reporter on the FinTech Beat Mary Ann Asvedo.

0:25.2

Mary Ann, hi.

0:27.2

Hi, Alex, I'm so excited to see you next week.

0:30.6

I know. Disrupt us next week. I'm very excited excited but I feel like because I haven't actually traveled to

0:35.7

S.F yet I'm still in the like the stress mode you know so I fly tomorrow I'm gonna go on the

0:41.9

plate and get out of here and get settled and I'll feel better.

0:44.4

But right now, it's a little bit distracting.

0:46.9

And to assuage my inability to stay on topic and on track today, we have brought along

0:51.1

it's Kirsten Korsak, our other friend from the Tech Run's team on the transit desk.

0:54.8

Kirsten, hi, what are you going to disrupt?

0:57.3

Well if anyone can keep you on track, I'm sure it's me who has no organizational problems at all and doesn't jump around at all.

1:04.0

None. No. Disrupt, yeah, I'm ready. I'm also flying out early. I'm just a ball of energy,

1:10.0

haven't packed, haven't done anything. I'm ready though. I'm ready. I did laundry. I'm really proud of myself.

1:16.0

I'm proud of you too. To be clear, I often do laundry. That's not to be proud of me point.

1:21.0

It's the fact that I like did laundry before the last possible minute because usually it's me at like midnight taking clothes out of the dryer like where's that sock? So the fact that I've done it early means that I'm not going to panic and I'm

1:31.0

I'm very happy about that. Yeah I'm impressed pretty good. Thank you Mary Dan.

1:34.3

Alex did you pack your tech brain hat? I have not. I'm actually I'm not I don't have any

1:42.0

hats.

1:42.8

It was my attempt at a terrible joke. It's okay. You know you put like your reporter

1:46.8

hat on or you're you know your oh. It was poorly delivered. I see.

...

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