INSUBCONTINENT EXCLUSIVE:
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines.This week
was something of a first for the crew, twice
First, we had two guests on the show, and, also, we only made it through two and a half topics
The former is good, the latter is, well, we’ll see.So, this week Matthew Lynley and I were joined by David Chao, co-founder and general
partner at DCM, and Steve Vassallo, a general partner at Foundation Capital
Points to both for being guinea pigs.Heading into our first topic I’m sorry to inform you that, at least in terms of Equity, scooters are
So, we wound up talking about both this week
We started with the fact that Bird is raising new capital at an even more staggering valuation than before ($2 billion!), and that Lime is
working to raise a truckload of capital itself
(Reports vary, but it’s probably a $250 million equity round at around a $750 million valuation
There may also be some debt in the mix for Lime
More when we lock that down.)And, as Chao’s firm is an investor in the space, we had even more to chew on.Next up we dug into the massive
The firm’s new $325 million puts it into a solid position to help people sell their houses
Which markets are the best fit was something for us to unspool, along with public market comps, such as they are
But most critical, at least in my view, was the idea of risk
On that point Vassallo made a reasonable argument regarding stress testing
We’ll see.And finally, we touched on Meituan’s impending IPO, and how it came to be.Thanks for sticking with Equity after all this time
We’ll be back next week with another round of chatter about the latest, greatest and dumbest that tech has to offer.Equity drops every
Friday at 6:00 am PT, so subscribe to us on Apple Podcasts, Overcast, Pocket Casts, Downcast and all the casts.
