When VCs fund the thing you didn't think they'd ever fund

Equity

TechCrunch

Entrepreneurship, Business News, News, Business, Technology

4.2 • 372 Ratings

🗓️ 23 September 2022

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Coming to hang with us at Disrupt, where Equity is kicking off the entire event? Use code 'EQUITY' to save 15% on your tickets. Hell yeah, and see you there! Alex, Natasha and Mary Ann jumped on the mic, with Theresa running production, to talk through the biggest headlines from the week! Deals of the Week! This time 'round we had Polywork raising $28 million, Block Party raising $4.8 million, and Remofirst and its own recent fundraise. Naturally we had to leave 234 deals on the cutting room floor, but these were the ones we could not wait to chat more about. Also, don't Polywork, Block Party and Remofirst sound like fun people to get dinner with? Just us? Insurtech goes Niche: From there it was time to riff on a series of stories from Mary Ann, focused on specialized insurtech companies, and the fact that Pie just proved that it is still possible to raise nine-figures as an insurance-focused startup. The Great Delivery Wars: Next up was News From Instacart, including the fact that its IPO is still underway, and that it is busy launching products as it meanders towards the public markets. It turns out as well that a bunch of companies would love more than a slice of its business. Doordash, for one. Layoffs and more: And then layoffs. Layoffs at Metafy, layoffs at Sundae, and layoffs at Ola. We, however, found a silver lining and ran with that. 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. TechCrunch also has a great show on crypto, a show that interviews founders, a show 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 about the business of startups where we
0:14.7	unpack the numbers and the nuance behind the headlines. My name is Alex and I'm
0:18.5	joined today by senior tech-owned reporter on Ed Tech and early stage, Natasha,
0:22.8	Moskarenis.
0:23.8	Natasha, hello and how are you?
0:24.8	I'm okay.
0:25.8	I guess I don't really cover Ed Tech that much anymore,
0:27.6	so we should update that in the script.
0:30.6	Let's keep this though, because it's fun to update people.
0:33.2	Yeah, I mean, all right.
0:34.4	And then next up we have senior TC reporter,
0:36.8	Marianne Azaveto, who covers FinTech and the middle of America,
0:40.1	which I hope is still accurate.
0:41.2	Marianne is that true? Uh, sometimes, yes.
0:44.0	Alex, what do you cover these days?
0:46.0	Aren't you our public markets reporter?
0:48.0	Not really.
0:49.0	I just, I was just the only person who would do it for years at Tech Run.
0:52.0	I became the earnings guy because no one else wanted to do it.
0:54.7	It's just one of those like, I mean, T.C. runs Lean and so, you know, you have to kind of
0:58.8	fill things in and that's how we got there and now, you a decade later I still do it so there you go
1:04.7	momentum you're good at it so that's what happens so all right well sadly today is not public markets
	...

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