When is an accelerator not an accelerator?

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 21 March 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Every Monday, Grace and Alex scour the news and record notes on what’s going on to kick off the week. Markets! The stock market is a bit up and down around the world, but nothing to cause too much concern. Crypto is neutral as well, but with some gains made in the last week. Big news! Anaplan is selling to PE for more than $10 billion. Notably the deal is not cheap, which means that we're seeing private equity get its checkbook out as software company prices come down and become, well, targets. Unicorns! FTX is heading to Australia, more indication that some crypto trading platforms are going to every market that they can. What will happen to smaller crypto platforms? And when does that consolidation land? Startups! Powered by People raises $5 million, CommerceIQ raises $115 million, and Sequoia debuts Arc, which is a non-accelerator accelerator. Our live show is this week! Which means you can come hang out while we record our Friday episode on Thursday. Snag a free ticket here, or tune in on Twitter spaces! 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, the Tech Runge Podcast,
0:12.8	where we unpack the numbers and the nuance behind the headlines.
0:15.7	This is Alex.
0:16.7	It is March the 21st of 2022.
0:19.4	It is Monday morning, which means, yes.
0:21.8	We're going to talk about the markets, we're going to talk about big tech, We're going to talk about the markets.
0:23.1	We're going to talk about big tech.
0:24.2	We're going to talk about startups.
0:25.1	There's lots to get through today, so strap in.
0:27.4	Let's have some fun.
0:28.5	We're going to start as always with the markets.
0:30.7	Over in Asia, Japanese stocks are are up Chinese stocks are flat and
0:34.1	shares in Hong Kong are down over in the European Union shares are generally
0:38.5	higher though with some variation and domestically here in the United States stocks are mixed to flat this morning.
0:44.0	Now there is a couple of big news items that I'm going to flag for you just in case you see them elsewhere,
0:48.5	but Berkshire Hathaway is buying insurance giant Allegheny for $11.6 billion.
0:53.0	Russian bond yields are spiking as they began to trade again.
0:56.0	Keep an eye on that.
0:57.0	And a passenger plane went down in China, a tragedy,
1:00.0	but also probably something that's going to impact transit stocks and plane manufacturers.
1:04.0	Looking over in the world of crypto, not too much going on this morning,
1:08.0	but I will say that Bitcoin and Eath both had a good last week
	...

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