Equity is TechCrunch’s venture capital podcast. In each episode, we bring you the numbers behind the headlines in Venture Captial. TechCrunch reporter Alex Wilhelm teams up with Danny Crichton and Natasha Mascarenhas to give a window into startup land.
Equity Shot: Salesforce's $27.7 billion-dollar Slack message
Welcome to an Equity Shot all about the huge, and hugely interesting Salesforce-Slack deal, in which the enterprise social company will be subsumed for the mere price of $27.7 billion.
Equity Monday: HungryPanda raises $70M, trade tensions, and cross-border VC
Right, now through the first of America's national Q4 feast days, it's time to get back to business. Namely, the business of VC and startups. Here's what we got into this morning:
Equity Dive: Edtech’s 2020 wakeup call
This week, we're doing a first-ever for the show and taking a deep dive into one specific sector: Edtech.
Natasha Mascarenhas has covered education technology since Stanford first closed down classes in the wake of the coronavirus pandemic. In the wake of the historic shuttering of much of the United States' traditional institutions of education, the sector has formed new unicorns, attracted record-breaking venture capital totals, and most of all, enjoyed time in a long-overdue spotlight.
Equity Monday: Good vaccine news, three rounds, and why IPOs are trending
So, what did we get into this morning? A grip of things, which I've listed below in order:
American Thanksgiving is this week, so news may slow as we move towards Thursday.
New, good vaccine news is boosting stocks and hopes that the pandemic could be brought under control next year.
Bitcoin is racing towards new records.
LA-based Credit Key raises $33 million for its business-to-business payments platform -- in light of the Affirm IPO this round is no surprise.
Digital freight forwarder Forto raises another $50M in round led by Inven Capital -- the pandemic is messing around with supply chains, perhaps leaving room for startups in the space to aggressively grow.
Digital electricity supplier Tibber closes $65M Series B led by Eight Roads, Balderton -- of our three rounds, this one took me the longest to understand.
This essay from Tomasz Tunguz, which is good.
All IPOs should be paid for in Robux
This is an all-time first for the show, it's an Equity Leftovers. Which means that we're not focusing on a single topic like we would in an Equity Shot. This is just, well, more Equity.
Danny and I and Chris got together to chat about a few things that we could not leave out:
Fintech unicorn Affirm has a lot of eggs in one basket
Affirm has filed to go public! The fintech unicorn is big, growing, and losing less money over time. We were pretty impressed in our first look. Then, with a bit more time, we dug deeper and found a weakness or two. Still, Affirm is heading public and not in poor shape.
Airbnb filed, and we jumped into an Equity Shot as fast as we could on Tuesday to get our minds around the news. Since then, Danny dug through the venture capital winners circle -- a surprisingly small subset of firms! -- and we also got into some questions that I had about the company's finances.
Robinhood is said to have an IPO in the books, so we talked a bit about what we know concerning its Q3 growth.
And then there was edtech, as always. This week we talked about Tencent backing Udemy, Duolingo raising again, and Transfr picking up a Series A that we thought was super interesting.
Danny wanted to talk about the Trust & Will Series A. We tried to not make that many jokes.
ZenBusiness raised $55 million as well, in an outsized Series B.
Financial Venture Studio put together a new fund to cut small checks into Seed-stage fintech startups. We think that's great. Especially given what we know about what is going on in the fintech venture world.
And Natasha walked us through her latest deep-dive, a look into the world of virtual headquarters. This led to the worst joke of the show.