Dive into the intriguing intersection of tech and healthcare! Discover how Major players like Jeff Bezos and Elon Musk are reshaping financial landscapes. Learn about Flagship Pioneering's massive $3.4 billion fund that's revolutionizing biotech and the impressive rise of Byju's in edtech. The Pill Club's $41.9 million efforts to enhance women’s healthcare services also take center stage. Tune in for insights that connect innovation, funding, and the future of industry!
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Bezos' Spaceflight Seat Auction
Jeff Bezos will be one of the first passengers on Blue Origin's spaceflight on July 20th.
One seat was auctioned for $28 million.
insights INSIGHT
Bitcoin Price Jump
Bitcoin's value jumped above $39,000, likely due to Elon Musk's tweet.
Musk stated Tesla would accept Bitcoin again once it's mined with cleaner energy.
insights INSIGHT
Flagship Pioneering's Unique Approach
Flagship Pioneering, the VC behind Moderna, raised a $3.4 billion fund.
They build biotech companies in-house, unlike traditional VCs.
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Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines.
This is Equity Monday, our morning coffee chat with you that is all about the weekend, what to expect this week, and some funding rounds you may have missed. I'm subbing in for Alex Wilhelm today, who is deservedly out on vacation. You can find me on Twitter @nmasc_, and Equity on Twitter (turn on those notifications!) @equitypod.
Biden and world leaders are congregating at the NATO summit, which kicks off this week. Also, the Dublin Tech Summit is happening on Thursday with yours truly, other TC folks, and many entrepreneurs making a virtual appearance.
Now, onto the news!
The weekend: The seat next to Jeff Bezos as he launches into space just got filled for $28 million. Also, Elon Musk tweeted about how Tesla might start accepting Bitcoin as a payment once at least half of it can be mined using clean energy. The comment sent Bitcoin up more than a few percentage points, hovering at $39,173 at the time of the recording.
This morning: The FT reports that Flagship Pioneering, which is responsible for incubating and launching Moderna, has raised a new venture capital fund at $3.4 billion. Flagship isn't your traditional VC. It forms teams around problem areas and brainstorms solutions, incubates the most promising ones, and then eventually spins out and finances those companies.
And that's all. Be kind with yourself this week, and take more than a 5-minute lunch because true glamour is being present and chewing slowly.
Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.
Equity