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Equity

We're entering an era of, um, creative accounting in startups

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2372 Ratings

🗓️ 15 June 2022

⏱️ 27 minutes

🧾️ Download transcript

Summary

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha and Alex brought on TechCrunch reporter Haje Jan Kamps, who, prior to and in between his journalism careers, spent years as a founder and a venture capitalist. Together, the trio asked: How might companies use math in the coming months to make our lives harder, and complicate their finances, aka the truth?  From the historical grievance folder, to more recent news from MainStreet, we had a lot of grist for the mill. But we had even bigger feelings about what's coming this year, and how important it will be to chase down the truth. And given our general view that numbers don't lie, we had strong opinions about how things should be counted, and disclosed. A big thank to Haje for coming out and bringing his multi-viewpoint perspective. Chat soon! Equity drops every Monday at 7 a.m. PT and Wednesday and Friday at 6 a.m. PT, 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

0:15.4

unpack the numbers and nuance behind the headlines. I'm Natasha Masgrinus and

0:19.6

this is our Wednesday show where we niche down to a single topic, think about a question and

0:23.9

unpack the rest. This week we're talking about math. More specifically how companies may use

0:29.7

math in the coming months to make our lives harder and complicate their finances

0:33.7

aka the truth that we all care about the most and as always I am joined by

0:37.8

Alex Wilhelm Alex how did we get on an episode talking about math when I hate it?

0:41.8

I mean I don't know I'm the dumbest child in my family when it comes to math by a margin.

0:46.8

My siblings were like mathletes and I was the one who like was struggling with

0:50.7

fractions when I was like in kindergarten or whatever whenever you learn

0:53.6

fractions anyways it's ironic to the least I wonder what that says about me because I was making a joke as to the fact that you are the smartest

1:00.3

person I know about meth on TC's.

1:03.0

Well, TC's not good at math, we just learned.

1:07.0

But I mean, the joke is obviously as journalists, math is not our everyday,

1:10.0

but it does help us paint a picture of how companies are doing health-wise and financially.

1:15.2

And so that's where we are today, and we are not alone.

1:18.5

We are joined by a TC reporter, but someone who's worn many more hats than that.

1:22.9

Haya Camps is joining.

1:24.2

Thank you so much for making your equity debut, Haya.

1:27.0

Hello, thank you for having me and I'm delighted to be here.

1:29.4

Well, I want to, as I just alluded to, get a little bit into your background before we start.

1:34.0

Tell people what you've done because it is wild and I just learned it in person when we met.

...

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