Hello and welcome again to Equity, TechCrunch’s enterprise capital-focused podcast, the place we unpack the numbers behind the headlines.
We’re again to our previous, weekly cadence. Which is all properly and good however after a run of doubling up episodes to maintain up with the information cycle, displaying up simply each seven days almost looks like trip. But hey, we’re right here for you (you observe us each on Twitter, proper?).
There was loads to go over, so please take pleasure in the next:
An IPO replace: First up we checked in on our favourite youngsters, the not too long ago public. Uber and Lyft are nonetheless down. Fastly remains to be far up whereas Luckin Coffee is dropping air like a pinched balloon. Also, Slack has a brand new ticker image, and we’ve ideas about it.
Changes at YC: In case you hadn’t heard, YC has a model new president by the identify of Geoff Ralston. Sam Altman, opting to focus completely on OpenAI, isn’t any extra.
DoorDash’s capital starvation: We needed to file a day early this week, placing us exactly someday forward of the DoorDash spherical. Turns out it was a $600 million spherical at a $12.7 billion valuation. Listen on for our tackle the spherical, the corporate and its house.
Sun Basket raises: Yet one other meals supply — properly, meal package supply — enterprise raised this week, too. Sun Basket, which sends wholesome meal-kits to its prospects, closed in on $30 million in Series E funding.
TransferWise’s not-an-IPO: What do you name an organization greater than doubling its valuation by way of an enormous, sanctioned secondary transaction? Weird flex, however okay. Anyway. TransferWise is now price $3.5 billion, up from its now-passé Series E valuation of $1.58 billion. If you need to dodge an IPO that is one fairly great way.
Finally, TransferWise really makes cash. Quelle shock, actually.
Equity drops each Friday at 6:00 am PT, so subscribe to us on Apple Podcasts, Overcast, Pocket Casts, Downcast and all of the casts.
