Why did the bank go from saying it was well capitalized yesterday to what appears to be a fire sale so soon?
Shared micromobility company Bird reported a somewhat head-scratching fourth-quarter and full-year 2022 earnings Friday morning. At first glance, Bird’s earnings show a company that beat Wall Street revenue expectations and…
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Venture firms are advising portfolio companies to move money out of SVB
VCs are advising startups to generally keep no more than $250,000 in SVB checking accounts.
12:40 pm PST • March 9, 2023
Featured Article
Silicon Valley Bank’s shares are tanking as a mess unfolds
Shares of Silicon Valley Bank are down sharply Thursday in the wake of the company’s announcement that it is raising additional capital by selling stock, taking a charge to roll over an asset portfolio to higher-yielding assets and extending its term-borrowing capacity. Venture firms are advising portfolio companies to move money out of SVB Given…
12:06 pm PST • March 9, 2023
Startups
It turns out burn reduction at startups is more aspiration than reality
8:00 am PST • March 9, 2023
Silicon Valley Bank expected that with fewer dollars flowing into their coffers, U.S. startups would cut their burn rates. That hasn’t really happened.
It’s looking less likely that digital mortgage lender Better.com will go public via a SPAC combination with Aurora.
Venture
Hear why Kleiner Perkins went all in on Arianna Huffington’s Thrive Global on TechCrunch Live
11:35 am PST • March 8, 2023
The best part of TechCrunch Live is that we grab folks who we chat with privately and bring those conversations to you as they happen. It’s a great way to…
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The sky isn’t falling for cloud software spend
New data from Battery Ventures helps those building software startups orient themselves to the present day.
9:00 am PST • March 8, 2023
Qualtrics, a once high-flying startup, was acquired for $12.4 this week. Was it a fair price given current market conditions?
Featured Article
Who’s to blame for all the SPAC implosions?
Autonomous trucking startup Embark SPAC’d with a multibillion-dollar price tag. It’s now a smoking crater We have to ask whose fault this all was.
8:00 am PST • March 7, 2023
When it comes to startup valuations, no one seems to expect things to go back to 2021. But better? Who doesn’t love that?
Our Monday show is a kickoff for the week that covers startup news, tech news and a little bit of the money that powers both.
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Enterprise SaaS companies continue to navigate a complex economic environment
With Zoom, Box, Okta and Salesforce reporting this week, we saw mixed results from enterprise SaaS companies operating in a tough environment.
9:00 am PST • March 4, 2023
Featured Article
The good news for long-term software growth
For Wall Street, what you did last quarter matters, but often what’s ahead can matter even more.
8:00 am PST • March 4, 2023
Substack, a publishing platform known for its newsletter service, announced this week that it had crossed the 2 million paid subscription mark. What does that add up to for its…
Startups
Why hasn’t generative AI come up with something easier to say than ‘generative AI’?
7:00 AM PST • March 3, 2023
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week Mary…
Startups
Instacart’s Q4 results impressed. Are they good enough to push it toward an IPO?
9:00 am PST • March 2, 2023
Let’s peek at the latest data and take stock of how far — and perhaps how close — Instacart has come to matching its performance and price.
Featured Article
Salesforce strikes back
It would be an understatement to say that Salesforce has been having a rough ride of late — from activist pressure to executive departures and layoffs — it seems like everyone was piling onto a company that was already struggling as profits declined. It needed a strong quarter, and all indications were they wouldn’t get…
2:03 pm PST • March 1, 2023
Shifting investor priorities, more expensive cash and a dearth of large deals could leave many late-stage web3 companies short on cash. And the clock is ticking.
Featured Article
With 5 activists in the mix, Salesforce will report earnings Wednesday
When Salesforce reports earnings on Wednesday, it could be a critical report for the company with five activist investors circling.
10:00 am PST • February 28, 2023
Klarna has had a publicly difficult few quarters. Now that we have its 2022 financial data, we can look more closely at how it performed amid all the noise.
Featured Article
Of course the Adobe-Figma deal is anti-competitive
If the Adobe-Figma deal isn’t anti-competitive, then what is?
8:30 am PST • February 27, 2023
Hello and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is Alex…
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As companies shift from growth to efficiency, what does it mean for tech budgets?
It’s clear that companies are scrutinizing spending more, but that doesn’t necessarily mean they’re cutting their IT budgets.
6:00 am PST • February 27, 2023
Recent data from SVB indicates that quite a lot of unicorns still have plenty of runway.
Startups
Scooters and social media companies are surprising IPO candidates
7:00 AM PST • February 24, 2023
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This week…
Featured Article
Unity’s earnings show just how hard it is to earn a 10x software multiple today
In the case of Unity, the lesson is simple: It’s hard as hell to earn, let alone defend, a 10x revenue multiple in today’s market.
7:00 am PST • February 23, 2023
Startups hoping to raise a nine-figure round in the future had best temper their ambition; venture funding events worth $100 million or more are going extinct — quickly.
Featured Article
Digging into Coinbase’s better-than-expected Q4 results
Earlier this afternoon Coinbase reported its fourth-quarter and full-year 2022 results. In response to the company’s raw numbers, shares of Coinbase are off around 2.2% in after-hours trading as of the time of writing. (The company initially fell much farther before recovering to positive territory; gains that it later shed ahead of its earnings call.)…
2:05 pm PST • February 21, 2023
Crypto
Coinbase shares rise after nontrading revenues increase amid a continued crypto winter
1:41 pm PST • February 21, 2023
Coinbase, the second-largest crypto exchange by trading volume, released its Q4 2022 earnings on Tuesday, giving shareholders and market players alike an updated look into its financials. In response to…
