Tech layoffs don’t happen to companies, they happen to people
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single to
Robinhood aims to court users by offering attractive 1% interest rate on cash
Investing app Robinhood is on a roll with announcing new features as it looks to appeal to more customers amid dwindling transaction revenue. Less than a week after unveiling plans to allow users to l
Post-pandemic reset leads to wave of layoffs in tech
OK, maybe it is a reckoning. Over the past week, we’ve witnessed an alarming amount of layoffs across the startup ecosystem, from buzzy, big names like Cameo, On Deck and Robinhood, to B2B platforms
Unusual Ventures just closed a $485M fund by promising hands-on (full-time) help
Unusual Ventures, a now 30-person outfit founded nearly five years ago by former Lightspeed Ventures investor John Vrionis and serial entrepreneur Jyoti Bansal, has closed its third fund with $485 mil
Robinhood to let users lend out their shares in its attempt to diversify revenue
Trading platform Robinhood is launching a feature that will allow its users to lend out their stocks in hopes of earning passive, recurring income from borrowers, the company announced today. Robinhoo
Robinhood’s sinking value is proof that ‘free’ can often be very costly
As it turns out, not charging for what was once a paid service is a great way to accrete customers, but it's also an at-times tricky way of making money.
Does it smell like teen spirit, or teen bankruptcy?
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This was a live week! Which meant that Mary Ann Azevedo was on
Consumer fintech trading revenues don’t measure up to SaaS ARR
Many things want to be considered SaaS. Few are.
Robinhood to lay off 9% of full-time employees
Robinhood’s layoff announcement comes days before the company is expected to report its Q1 2022 financial performance.
Pandemic-fueled companies are finding the new reality hard to swallow
Could it be that companies that fell out of favor due to COVID-induced shifts in the economy are best prepared to excel this year?
Lightning Labs raises funding to enable stablecoin transfers through Bitcoin network
Lightning Labs is building infrastructure that would enable users to send money across the world almost instantaneously and at a low cost through the Bitcoin network. The company just raised funding t
A look at all 35 international fintech startups at YC’s winter 2022 Demo Day
As more banking, e-commerce and insurance startups work to improve the way business is done in emerging countries, it should come as no surprise that this winter’s Y Combinator batch is rife with re
Robinhood’s stock pops 25% on news of extended trading hours
Robinhood, the popular investing app for consumers, announced on Tuesday it would extend its stock trading hours in the morning and in the evening as it works toward its goal of 24/7 investing. Previo
Equi is building a family office for non-billionaires
The exclusive club of family offices just got one comma shorter. For the paltry sum of $350,000, or just over five times the median U.S. household income, individuals can invest with Equi in complex s
Egyptian investment app Thndr nabs $20M from Tiger Global, Prosus Ventures and others
The MENA region has about 400 million people with $500 billion in annual savings. But as a relatively young population, most of them have minimal equity market and investment exposure. Replicating the
Tiger Global and Greycroft back Nigerian investment app Bamboo in $15M round
To buy a share in Amazon, you’d have to fork out almost $3,000. It’s a luxury very few can afford and despite the prospects of the trillion-dollar company or returns from its share price, it’ll
Why Robinhood is getting hammered today
As of this morning, Robinhood stock was worth around $10.85 per share, 71.5% off its IPO price, and 87.2% off its all-time highs. What happened?
Unicorn exits augur poorly as Justworks delays IPO, citing ‘market conditions’
Justworks' IPO delay indicates that the enthusiasm gap between private markets and their public analog is wide.
Public appoints first independent board members, details 2021 user growth
This morning, Public, an investment app for the U.S. market, announced the appointment of two new board members. The startup also provided some details regarding its growth in the COVID era, a period
AllTrails raises $150M after COVID accelerates people’s interest in exploring the outdoors
Following a COVID-driven boost, the popular AllTrails resource for hikers, bikers, climbers and anyone else who enjoys the outdoors, announced today it’s raised $150 million from the growth fund