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 and we are here to do our Monday show, a kickoff for the week that covers startup news, tech news and a little bit of the money that powers both. Given how bonkers the last few days have been, this is not a normal show. Sure, we’re talking money up top, but I also dragooned Natasha into running us through her amazing reporting from over the weekend on all things SVB. (Please excuse the “Friends” joke in the headline, we are very tired!)
Here’s what we got into:
- The stock market is suffering around the world, kinda. In the United States things when we recorded were somewhat positive. Since, shares have sunk some. Put simply, the equity markets don’t know how to trade the news. And it shows.
- Cryptos, in contrast, have had a great last day.
- From the news docket, Qualtrics’ deal to sell for $12.5 billion is a go, and Rivian might get a little bit of breathing room from Amazon.
- And then Natasha and I dug into SVB. The first warning signs, the fear, the takeover and the resolution. And then there’s this. The story continues; expect a busy week and perhaps a few more to boot.
Equity will be back shortly, but in the meantime check out our upcoming TechCrunch Live that just got a bit more spicy.
For episode transcripts and more, head to Equity’s Simplecast website.
Equity drops at 7 a.m. PT every Monday and Wednesday, and at 6 a.m. PT on Fridays, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. TechCrunch also has a great show on crypto, a show that interviews founders, one that details how our stories come together and more!