It was an event-filled week in startup land, and the Equity crew had a blast breaking it down for you.
On today’s episode of TechCrunch’s Equity podcast, our new hosts introduced themselves and shared a bit more about what they do here at TC. The team then jumped right into the news, starting with Techstars CEO Maëlle Gavet announcing she is leaving the company, just weeks after TechCrunch reporter Dominic-Madori Davis published an in-depth investigative article on what’s been going on behind the scenes at the accelerator in recent years. (You can listen to Dom talk more about it here.)
As always, there was plenty more to uncover in the world of startups and venture. Mary Ann, Rebecca and Haje dug into two funding deals, one straddling the lines of crypto and social media and the other in the fintech space.
Rebecca then brought up Farcaster, a blockchain-based social protocol that invites developers to build other apps on top of it. The startup raised a $150 million round, news that had the Equity team asking, “Is crypto back?” Mary Ann dug into immigrant banking platform Majority securing $20 million in funding after notching an impressive $40 million in ARR as of April.
From there, our trio examined the news that a bunch of tech majors made commitments to the safe development of their AI models, including a potential “kill switch.” While we felt the news was mostly positive, we are skeptical, too. To close out, the team discussed the challenging environment for emerging fund managers. We’re surprised at just how many of them there are!
That’s it for this week, but we’ll be back bright and early Tuesday morning (thanks to a U.S. holiday on Monday) with more tech and startup news, along with another round of Pitch Deck Teardown. Talk soon!
Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo, and posts every Monday, Wednesday and Friday.
Subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads at @EquityPod. For the full episode transcript, for those who prefer reading over listening, check out our full archive of episodes over at Simplecast.
