Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.
Here’s what we got into this Fine Monday Morning:
- Stocks are down around the world, while crypto-assets are down even more; post-Merge you might have anticipated better performance from tokens, but it has not yet come to be.
- The WSJ has some juicy notes on the upcoming Instacart IPO, namely that it is not expecting to sell a lot of its own stock in the transaction. Why does that matter? It tells us that the company is not burning that much cash — a useful thing to know ahead of an anticipated IPO filing coming this year.
- From startup land: Ola is cutting jobs, two delivery logistics startups are merging in Sweden and Byld Ventures is putting together a venture capital fund to watch.
- Finally, Do Kwon is a wanted man, shares of TakeTwo are down quite a bit following a massive leak.
And that is our Monday show! Chat you on Wednesday and Friday!