Welcome again to Equity, the podcast concerning the enterprise of startups, the place we unpack the numbers and nuance behind the headlines. Natasha is again within the Bay, after 5 weeks away, so some might say, San Francisco is again.
- Big tech: Real fast, you ought to know that Elliott Management took a multibillion-dollar stake in Salesforce, whereas Thoma Bravo scooped up a digital forensics company for $1.34 billion. Beyond that, the large tech information this week is Microsoft’s multibillion-dollar, multiyear funding in OpenAI. The prolonged partnership comes with lots of resources, quirks and legal headaches.
- Big concept: I’m nonetheless enthusiastic about this Anna Heim evaluation, “The mirage of dry powder.” I speak about moist capital and failed capital calls, as to contextualize (not shut down!) a few of the optimism available in the market proper now. (Use code “EQUITY” for 50% an annual TC+ membership).
- Big innovation (or on this case, reductions): Google’s in-house incubator, Area 120, was severely impacted by Alphabet layoffs and Spotify cut 6% of staff — two layoff tales that had me pondering all concerning the reality that tech seems to have forgotten its umbrella. We finish with a tongue-twister observe on Quordle, which was just got scooped up by Merriam-Webster.
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Equity drops at 10:00 a.m. PT each Monday and at 7:00 a.m. PT on Wednesdays and Fridays, so subscribe to us on Apple Podcasts, Overcast, Spotify and all of the casts. TechCrunch additionally has a great show on crypto, a show that interviews founders, one that details how our stories come together, and extra!