Is the party over?

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

If you own stuff, I am sorry to report that you are probably poorer today than you were on Friday, and even less wealthy than you were the Friday before. Things are selling off and we had to talk about it:

• Stocks are down, and cryptos are getting utterly hammered. It’s a bad time to own equities, but worse if you are invested in digital assets. Bitcoin, ether and Solana are taking body-blows while the stock market wilts. I guess this means that all our 401(k) contributions will be cheaper in February? Small wins, but still.
• Swiggy raised a huge round at a simply enormous price, which is good for the company but has us asking questions. OfficeSpace raised $150 million, which caught our eye, and the recent Spectrum Labs appears to make good sense.
• And to close out we asked is the party over? This MG Siegler piece was in our brain as we chewed over the situation. The dissonance between the public and private markets feels peak, and we aren’t sure how quickly their diverging velocities can keep up the tension.

Regardless of how the selloff is impacting you, we hope that you have a lovely week and stay warm. Hugs!