Hello and welcome back to Equity, TechCrunch’s venture-capital-focused podcast, where we unpack the numbers behind the headlines.
TechCrunch has covered their pair of firms somewhat closely during their IPO run, as they each have some notable characteristics:
- Freshworks’ IPO provided a fresh window into how public market investors are willing to value growth-oriented software companies out the gate. The news is good. Which means that we could see more unicorns looking to list in coming months.
- Toast’s IPO provided a lens by which we could gauge public-market sentiment for hybrid software-and-payments companies. The answer? That the stock market is pretty dang enthused about the companies in question.
So it’s a good news day for unicorns, for tech startups, and for Boston, a city that Danny has many thoughts about. Please send him your complaints, and not the show. We take no responsibility.
It’s Disrupt week, so we’ll have more in a few days but until then we’ll see you at the event!