Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.
This time ’round we had Connie and Alex on hand with Brian Ascher, a longtime partner with Venrock down in Palo Alto, Calif. It was a surprisingly busy week, so we had our work cut out for us. Without further ado:
- GitHub! The biggest story in tech this week was right up our alley: Microsoft bought the venture-backed GitHub for $7.5 billion, bringing a massive portion of the developer world under its auspices. Whether developers want passports to Redmond remains up for debate, but from a corporate perspective, Microsoft’s move has largely been well-received. The transaction also provided a huge bump for GitHub’s investors, including a16z.
- Domo! Another tech company is fighting to go public, but this time there’s doubt it can pull it off. Domo’s numbers are the wrong side of rough, with the firm burning tectonic amounts of cash to grow quite modestly. If the firm manages to go public, and soon, it may struggle to stay alive.
- Scooters! As per usual, there’s new money flowing into the scooter niche. (Note: Domo is looking to tap the public markets at a time when scooter companies can raise $450 million in two rounds. Ouch.) We try to find out if Bird and Lime are worth the change, as well as why do they need so much cash. We also touched on the broader crowded non-car, on-demand transit space.
- Dataminr! Sticking to the mega-round theme, Dataminr’s huge raise was perfectly timed for this episode, as our guest’s firm has money in the company. Indeed, with $221 million more in its pocket, Dataminr — which makes sense of online chaos for its customers — has an epic bankroll from which to bet.
Here’s a fun question: What will Equity sound like when the market turns and we cover the slowing of venture and the compression of valuations instead of venture acceleration and towering new post-money figures? All we know today is that the venture world is investing like that reality is far-off. We’ll see.
Hit play, and we’ll be right back.