Equity

The intersection of technology, startups, and venture capital touches everything now. That’s why Equity, TechCrunch's flagship podcast, digs into the business of startups for entrepreneurs and enthusiasts alike. Every Wednesday and Friday, TechCrunch reporters keep you up-to-date on the world of business, technology, and venture capital. Equity is ranked the No.2 podcast in the Top 100 Venture Capital All time leaderboard on Goodpods—As well as No.17 for the Top 100 Finance All time chart and No.32 for the Top 100 Business News All time chart.

  1. 16 hr ago

    Why Thrive, Founders Fund, and Antonio Gracias are betting on hearing aids

    “Why do I have to beg my grandparents to put on their hearing aids, but no one has ever needed to ask me to put on my glasses?”    That’s the question that drove Matthew de Jonge to spend six years building Fortell, an AI hearing aid startup that recently raised $163 million from the likes of Founders Fund, Thrive Capital, and Valor Equity Partners CEO Antonio Gracias. The buzzy startup aims to build hearing aids that understand the sounds around you in real time, figure out what’s important and turn down the rest — instead of turning everything up at the same time, as most hearing aids do.     On this episode of TechCrunch's Equity Equity podcast, Rebecca Bellan is joined by de Jonge to break down what it takes to disrupt a decades-old industry where five companies make 97% of the products, insurance won’t cover the cost, and innovation has been slow to arrive.    Listen to the full episode to hear more about:  How de Jonge went from mechanical engineering and a hedge fund career to building handheld ultrasound machines at Butterfly Network, and why that experience gave him the confidence to take on hearing aids next.  The AI architecture behind Fortell's approach, including a custom chip built by a former Google TPU designer.  Why the five companies that dominate the hearing aid industry have been so slow to innovate, and how that shaped Fortell's pitch to investors.  De Jonge's take on Apple's AirPods as both a hearing aid alternative and an at-home hearing test, and why he sees them as complementary rather than a threat.  The regulatory hurdles around remote hearing aid fittings, and how state-level telemedicine laws are shaping Fortell's path to scale.  Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.  Chapters:  00:00 Intro  1:14 Why Matt built Fortell   5:16 The problem with hearing aids: everything's just... loud   7:36 How Fortell's AI separates important sound from noise   12:12 The funding pitch that won over Founders Fund and Thrive   16:31 Hearing aids vs. AI wearables (Meta, Apple, Legato)   20:34 Pricing, insurance, and the hearing aid "cartel"   23:25 Scaling up: new clinics and remote fitting  26:57 Outro  Learn more about your ad choices. Visit megaphone.fm/adchoices

  2. 5 days ago

    An ex-Anthropic researcher’s doomsday warning comes at a very interesting time

    An Anthropic researcher resigned this week, warning in a post on X that the company is “racing straight to self-improving superintelligence and gambling with our lives”. The company's own alignment lead even co-signed the message rather than walking it back. It's the kind of doomer warning the AI industry has flirted with before, but the timing, with Anthropic reportedly preparing for an IPO, makes it land differently.    On this episode of TechCrunch's Equity podcast, hosts Kirsten Korosec, Anthony Ha, and Sean O'Kane dig into the latest AI safety warning and what it says about the industry's race toward increasingly capable models. Plus, Apple's first big event under new CEO John Ternus and more of the week's headlines.    Listen to the full episode to hear more about:  Why Apple leaned hard into AI at its hardware event, and how always-on features baked into the Watch and AirPods may matter more than the splashy new foldable iPhone  How Stokes Space's $1 billion raise reflects a launch market that's suddenly wide open now that SpaceX is winding down its Falcon rockets  Why investors poured $2 billion into coding startup Cognition at a $48 billion valuation, and what it says about how much room VCs think is left in AI coding  What a $50 million seed round for floating nuclear reactors says about the scramble to power AI data centers  Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.    Chapters:  00:00 Intro  3:28 Anthropic researcher's resignation warning  9:33 What's actually being done about AI risk?  15:56 Apple's AI-first hardware event  19:56 The case against a standalone AI wearable  21:53 Always-on listening: watch, AirPods, and privacy tradeoffs  26:43 The foldable iPhone's odds  27:16 Stoke Space raises $1B for a reusable rocket  31:17 Cognition raises $2B, betting on room for more AI coding players  34:13 BlueCore Energy's floating nuclear reactors  37:38 Outro  Learn more about your ad choices. Visit megaphone.fm/adchoices

  3. 9 Sept

    ControlAI's Connor Leahy on why superintelligence is ‘not a weapon, it's an adversary’

    AI companies have been talking about superintelligent AI like it's inevitable, but recent safety incidents like OpenAI's Hugging Face breach are demonstrating the potential dangers of deploying AI systems that are more capable than humans. So what happens when we can't reliably control what these systems do?  On this episode of TechCrunch's Equity podcast, Rebecca Bellan is joined by Connor Leahy, an AI researcher, entrepreneur, and now the U.S. Executive Director of nonprofit ControlAI, which is pushing for a far more radical approach to AI safety: stopping companies from developing superintelligence altogether. Leahy explains why he thinks the risks have become too great to manage through alignment and containment alone, and how what sounded far-fetched six months ago is now being backed by a wave of new legislation.  Listen to the full episode to hear more about:  His take on the Sanders-Casar “Ban Superintelligence Act,” the parallel legislation in the U.K. that Control AI advised on, and why he thinks the U.S. bill may go further than necessary.  How he views frontier AI labs less as companies simply chasing returns and more as political actors, and what that means for the trillions of dollars being poured into data center buildouts.  Why Leahy thinks the real point of no return is when AI can build better AI, creating a potentially runaway cycle of self-improvement  The case for international “trust but verify” agreements, and why Leahy thinks it isn't actually in China's interest to build superintelligence.  Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.  Learn more about your ad choices. Visit megaphone.fm/adchoices

  4. 4 Sept

    Apple's Ternus era begins as Nvidia bets on the whole AI stack

    It's officially the Ternus era at Apple.   Tim Cook stepped down as CEO this week, handing the company to former hardware chief John Ternus, whose first memo promised a “huge launch next week” — timing that puts Apple's next iPhone event on his desk before he's even settled in. Cook isn't going far, though: he's staying on as executive chairman, focused on the kind of policy relationships that recently turned something as small as a map label into a very public balancing act. All of which raises an obvious question: what does the Ternus era look like, and how much rope will shareholders give him to figure it out?  On this episode of TechCrunch's Equity podcast, hosts Kirsten Korosec and Sean O'Kane unpack what Ternus is walking into, why he may actually be better positioned to make progress on software than hardware in this new AI era, and more of the week's news.  Listen to the full episode to hear more about:  Why Nvidia keeps making moves that look less like a chipmaker and more like a company trying to own the entire AI stack, from its Hugging Face acquisition to its investment in MediaTek and deeper compute deals  A chaotic week for robotaxis: Tesla's Cybercab event, Waymo's expansion into new cities, Zoox's first paid rides, and what happens when these companies start competing head-to-head  What Andreessen Horowitz's new $1.1 billion “Machine Age” fund signals about where early-stage AI hardware bets are headed  Why the $285 million acquisition of GoPro marks the end of an era for one of Silicon Valley's original consumer tech darlings  Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.  Chapters: 00:00 Intro  1:12 Tim Cook steps down & John Ternus takes over as CEO  13:33 Nvidia's spreading its AI bets  21:58 A big week for robotaxis: Tesla, Waymo, Zoox & Uber  29:09 a16z's $1.1B "machine age" fund and $8.5B growth fund  32:39 GoPro's $285M acquisition and pivot to AI/defense  36:34 Outro  Learn more about your ad choices. Visit megaphone.fm/adchoices

  5. 2 Sept

    We're ‘dangerously close’ to dead internet theory according to Pangram's CEO

    The internet has a trust problem, and it’s not just because social media feeds are filling up with AI slop. AI-generated text and images are now making their way into job applications, product reviews, and even insurance claims, leaving platforms and users alike scrambling to figure out what’s real.  A handful of startups have cropped up in the past couple of years to become the “trust layer” the internet needs — including Pangram. The startup recently snapped up $9 million for its AI detection system and landed a partnership with Substack, which is now using Pangram’s tech to show readers which of their favorite authors use AI to write their newsletters. Pangram also recently dropped a new AI image detection tool.  On this episode of TechCrunch's Equity podcast, Pangram co-founder and CEO Max Spero joins Rebecca Bellan to dig into the promise of AI detection tools and where to draw the line between AI assisted and AI generated.  Listen to the full episode to hear more about:  Why Spero thinks the internet could be “dangerously close” to the dead internet theory becoming reality within a few years.  Why figuring out how much AI went into something is harder — and potentially more useful — than simply labeling it AI or human.  The stakes of getting AI detection wrong, especially when false positives involve sensitive images.  Why Spero thinks the “bottom tier” of writing jobs may be gone for good, while genuinely good human writing could become more valuable.  Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod. Chapters:    00:00 Intro  1:15 Building Pangram: from binary detector to gauging AI assistance  2:06 Why job applications, reviews, and Amazon are drowning in slop  5:39 How Pangram actually spots AI writing  9:26 Where people draw the line on AI-assisted vs. AI-generated  12:50 The false positive problem, and "America has a Pangram problem"  14:30 Detecting fake images, now that AI photos are scarily good  19:13 Competing with GPTZero, Winston, and building "core infrastructure"  21:43 Will good writing jobs actually come back?  23:36 Outro   Learn more about your ad choices. Visit megaphone.fm/adchoices

  6. 28 Aug

    Will TikTok and YouTube follow Meta’s new rules for teens?

    Earlier this week, Meta agreed to pay $18 billion and make sweeping changes to how minors access its social networks to settle a lawsuit brought by 29 states. But the eye-popping settlement figure wasn't what caught the attention of the Equity podcast team. Instead, it was what Meta did next. The social media giant sent an open letter to TikTok and YouTube asking the companies to join it in setting industry-wide standards for teens, including daily time limits, blocking access to apps at night, and restricting notifications during school hours. But will these other companies follow? The Equity team doesn't think they will. On this episode of TechCrunch's Equity podcast, Rebecca Bellan, Kirsten Korosec, and Sean O'Kane dig into the Meta settlement, what it could mean for other social media companies, and more of the week’s headlines.  Listen to the full episode to hear more about:  How investors are pouring money into robotics startups and driving up valuations. For instance, Generalist reached a $3 billion valuation, while General Intuition hit the $6 billion mark. Even though robotics is a hot sector, there is pain point: robots still lack the know-how to do value-creating work. What senior reporter Sean O'Kane discovered when he dug into OSHA data connected to robotaxi companies like Waymo and Zoox. What self-driving truck startup Gatik's $200 million raise means for the sector. Hugging Face is reportedly being acquired by Nvidia. The team weighs in what this means for the industry. Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and wherever you get your podcasts. You also can follow Equity on X and Threads, at @EquityPod.  Learn more about your ad choices. Visit megaphone.fm/adchoices

  7. 26 Aug

    From the Spotify Mafia to the Lovable Mafia: inside Stockholm's founder network

    Vibe-coding darling Lovable just raised $400 million at a $13.3 billion valuation, roughly doubling its worth in eight months. But Lovable isn’t the only Stockholm startup putting up huge numbers lately — legal AI company Legora and health tech startup Neko Health are right there with it.  On this episode of TechCrunch's Equity podcast, Dominic-Madori Davis is joined by Sophia Bendz, a partner at Cherry Ventures and longtime fixture of Europe’s startup scene, to unpack what’s driving startup growth in the Nordic ecosystem, from Sweden’s social safety net to the wave of U.S. capital flowing in.  Listen to the full episode to hear more about:  How the “Spotify Mafia” set the template for founders funneling their time, capital, and hard-won lessons back into Stockholm ecosystem, and how the same cycle may be starting again with the “Lovable Mafia”  Why Sweden’s social safety net might be fueling founders’ willingness to take bigger swings  Why Bendz is seeing American investors flying into Stockholm and handing out term sheets with little to no diligence, and the culture clash that’s creating with local funds  How Europe’s sovereignty conversation is shaping how founders and investors think about building, even as most of them still plan to IPO in New York  Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.  Chapters:  00:00 Intro  0:50 Why Stockholm’s startup ecosystem is accelerating  2:34 How Stockholm’s “Spotify mafia” passes knowledge down  4:10 Founders House and building a culture of mentorship  5:50 Does Sweden’s social safety net make founders more ambitious?  10:00 Is there a “Lovable mafia” now?  10:00 Europe’s push for tech sovereignty  14:00 The U.S. venture capital flooding Stockholm  18:08 How Europe can build more growth-stage funds  19:45 Founders are asking VCs, “How can you help me?”  21:05 Stockholm’s tech conferences  25:51 Could robotics become Stockholm’s next big thing?  29:45 Outro Learn more about your ad choices. Visit megaphone.fm/adchoices

  8. 21 Aug

    The DOJ is investigating a16z. What does this mean for venture capital?

    Andreessen Horowitz has two partners sitting on the boards of companies that now compete with each other: Ben Horowitz at Databricks and Martin Casado at Fivetran. Nothing too scandalous on the surface, except the Department of Justice has reportedly been investigating the arrangement for almost a year, dusting off a 112-year-old antitrust law that's rarely used against VCs.  Board conflicts aren't exactly new, and these companies weren't necessarily direct competitors when a16z first invested in them. But as portfolio companies expand into each other's markets, the DOJ's scrutiny raises a much bigger question for venture firms: How do you manage board seats when the boundaries between your portfolio companies keep moving?  On this episode of TechCrunch's Equity podcast, Kirsten Korosec, Anthony Ha, and Sean O'Kane dig into the a16z probe, what it could mean for VCs, and more of the week’s headlines.  Listen to the full episode to hear more about:  Why Stripe paid $7.5 billion for AI model router OpenRouter, and why the “singularity” isn't the real reason  What happens to the AI companies caught in the middle as OpenAI, Anthropic, and Nvidia pull further ahead  Why Rivian spinout Also just raised $150 million to make a bigger bet on autonomous vehicles  Uber’s newest delivery partnership with drone company Zipline, and what it means for the other autonomous startups betting their futures on Uber  Whether we've reached peak valuation for AI dictation apps after Wispr's $280 million raise at a $2 billion valuation  Subscribe to Equity on YouTube, Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod.    Chapters:    00:00 Intro  1:02 TechCrunch Disrupt and the Startup Battlefield 200  3:17 The DOJ is investigating a16z over board seats  14:47 Why Stripe just paid $7.5B for “the Stripe for AI”  18:18 The mid-tier AI scramble: gateways, pivots, and acquihires  23:17 Anthropic's revenue surges while OpenAI's losses deepen  27:08 Also raises $150M and drops the “micro mobility” label  32:30 Uber teams up with Zipline for drone delivery  37:19 Wispr hits a $2B valuation  38:26 Outro  Learn more about your ad choices. Visit megaphone.fm/adchoices

About

The intersection of technology, startups, and venture capital touches everything now. That’s why Equity, TechCrunch's flagship podcast, digs into the business of startups for entrepreneurs and enthusiasts alike. Every Wednesday and Friday, TechCrunch reporters keep you up-to-date on the world of business, technology, and venture capital. Equity is ranked the No.2 podcast in the Top 100 Venture Capital All time leaderboard on Goodpods—As well as No.17 for the Top 100 Finance All time chart and No.32 for the Top 100 Business News All time chart.

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