Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.
- The stock market may not vomit all over itself today, which would be a nice break from recent weeks.
- Broadcom is working on buying VMware in what would prove to be a mega-deal. Shares of Broadcom are off on the news, while VMware stock is up sharply. The transaction would be worth tens and tens of billions of dollars, if consummated.
- Paytm earnings had lots to like, and some elements that were less salubrious. Shares of the Indian unicorn have recovered somewhat in recent days, but remains sharply depressed from its IPO price.
- In the startup world: BUD raised $36.8 million, SyIndr raised $12.6 million and 1K Kirana put $25 million onto its balance sheet.
- And we closed out with the fact that there is no free lunch, even in the crypto world.