Why a16z-backed Wonderschool is acquiring EarlyDay

Equity

TechCrunch

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4.2 • 365 Ratings

🗓️ 28 March 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

This is our interview show, where we sit down with guests, think about their work, and unpack the rest. This week, Wonderschool, a startup that works with individuals and local governments to spin up more childcare businesses by providing software and other support, has acquired EarlyDay. EarlyDay, another venture-backed startup, operates a early childhood educator marketplace. Alex caught up with EarlyDay’s two former CEOs, Emma Harris and Melissa Tran, and their new boss, Chris Bennett at Wonderschool, to chat through the deal, what’s ahead for their sector, and more.

Transcript

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0:00.0	Hello and welcome back to Equity, a podcast about the business of startups
0:16.2	where we unpacked the numbers and the nuance behind the headlines. My name is
0:20.4	Alex and this is our interview show where we sit down with a guest or in this case
0:24.8	guests think about their work and unpack the rest.
0:28.0	Today we are talking to three entrepreneurs who are combining their efforts to solve staffing
0:32.2	shortages in child care.
0:34.6	In one corner we have Wonder School CEO and co-founder Chris Bennett and in the other early-day
0:40.2	co-founders and CEO's Emma Harris and Melissa Tran.
0:43.7	Everybody welcome to the show, Chris, hello?
0:46.3	Hello, hello.
0:47.3	Emma, hi,
0:48.1	Hi, Alex and Melissa.
0:50.0	Hey, good to have you here.
0:51.2	Hello, hello.
0:52.7	There we go, perfect.
0:54.4	So we don't usually do acquisitions
0:58.2	because people don't usually want to talk too much about them.
1:01.5	But in this case, we have all three of you,
1:03.0	which I'm very glad about, because I feel like deals of this nature
1:05.8	do happen, but they don't get explored enough.
1:08.4	So I was hoping we could just start by talking about the deal
1:11.0	and then we'll back our way into the market because I do think that the
	...

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