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Equity

Well done, Pismo and Visa! You gave SoftBank a win

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 30 June 2023

⏱️ 37 minutes

🧾️ Download transcript

Summary

Mary Ann and Alex are back for another busy news week chock full of deals to chew through. Here's the rundown: Deals of the Week: We think that the idea behind the recently-funded Honey Homes is excellent, but we're split about the cost. We also went over Gusto's latest financial achievements and its plans to team up with Remote. Fintech M&A: The biggest deal of the week in fintech was Visa's purchase of  Pismo. We haven't had unicorn-level acquisitions lately, so this one was welcome. Elsewhere in the space, Brex has brought on board a former SVB and a16z denizen, and Ramp bought Cohere.io (not this Cohere, the other one). Other M&A: But those weren't the only deals. Databricks bought MosaicML, IBM bought Apptio, and ThoughtSpot has acquired Mode Analytics. Help, my unicorn is starving: We closed with Alex's look at the declining funding to unicorn and web3 startups, as well as Rebecca Szkutak's latest on the secondary market in the process. Equity will be back on Wednesday as we head off into yet another holiday weekend here in the U.S. when Alex will finally put his PTO to use. In the meantime, let's catch up on Twitter @EquityPod. Talk soon! For episode transcripts and more, head to Equity’s Simplecast website.  Equity drops at 7:00 a.m. PT every Monday, Wednesday and Friday, so subscribe to us on Apple Podcasts, Overcast, Spotifyand all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together 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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0:00.0

Hello and welcome back to Equity, a podcast all about the business of startups where we

0:15.4

unpack the numbers and the nuance behind the headlines. My name is Alex and today is

0:19.4

June 30th, 2023, happy Friday, everybody.

0:22.8

And I'm joined today by my bestie.

0:24.1

I have senior Tech Ranch reporter on the FinTech beat.

0:26.7

It's Mary Ann Esveto.

0:27.8

Mary Ann, hi, I hear Texas is like 6,000 degrees right now.

0:31.4

Yes, it's been insanely hot, well over 100 degrees every day

0:35.0

for like a week and a half, but I'm excited

0:38.0

because it's the end of a quarter.

0:40.1

And I feel like, you know, this is a good way to end the year or half year, I guess.

0:45.9

Yeah, I'm in awe of how fast the year has gone, partially because I wasn't here for the first two months of it.

0:51.2

And then I got back and I was getting up to speed

0:53.0

and then, you know, suddenly we're in the end of June

0:56.4

and now it's time for Q3 and I'm not emotionally ready

0:59.0

for another earnings dump and venture capital data dump

1:02.4

and whoof. It's gone by fast. dump and

1:05.0

it's gone by fast it has yeah And part of the reason why it has felt like it has gone by quickly is finally things are happening again and today's

1:10.8

Unofficial theme of the show is almost kind of

1:12.8

M&A which is not a topic we've talked about much because there hasn't been much but

1:17.0

that does seem to be changing. Before we dive in though quick notes deals with the

1:20.4

week this week are Coastal Adventures and Honey Homes, and then Gusto and Remote.

...

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