Hello and welcome back to Equity, the podcast about the startup business, where we break down the numbers and nuances behind the headlines.
Our Monday show covers the latest tech news from the weekend and what hit the headlines early in the week. Today we’re talking about cryptocurrency, Uber, and how to be frivolous on a massive scale. This is what we got:
- Around the world of capital, we are confused about certain parts of the price stability in the cryptocurrency markets. It feels a little phony, if that makes any sense.
- Where prices are less steady is in the world of YC startups, where, once again, there are complaints among venture investors about the valuations being charged by some early-stage tech companies. A larger discount might have been expected given the state of the world.
- Uber sells part of Careem in a $400 million deal. Uber wants to do things on wheels. A superhero app company, at least in the Middle East, is not. But she’s about to get huge new funding.
- Musk v. Substack gets a lot of oxygen on the weekend, which shows that it can often be difficult to hold onto the benefits of free speech when you don’t want to.
All that and there are new FTX docs! estate! Let’s have a good week, all of you.