The hosts discuss the rising trend of alternative chicken products, spotlighting a startup that secured $50 million for its innovative chicken nugget substitute. They also tackle a controversial memo from Medium that has impacted employee morale and sparked conversations about workplace culture. Meanwhile, ChartHop's recent $35 million funding aims to improve organizational transparency. Additionally, the podcast highlights evolving markets like male grooming with Faculty's new brand and technological advances in elder care from Lifted.
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Medium Memo Aftermath
Ev Williams, Medium's CEO, published a culture memo after a failed unionization attempt.
Half of Medium's employees have since left the company.
insights INSIGHT
Shifting Power Dynamics
Engineering and design teams pushed back against Medium's culture memo.
This highlights a shift in worker empowerment, especially among in-demand engineers who feel disillusioned.
question_answer ANECDOTE
YC Alumni Removal
Two Y Combinator alumni were removed from Bookface for allegedly sharing private information.
This sparked debate about community guidelines and whether the removal was due to critical posts.
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Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.
We're closing our survey soon, so this is your last chance (probably) to get your voice heard!
Despite it being a short week, as always, it was a busy, busy time. We had Grace on the dials today, and Danny, Natasha, and Alex making chit-chat about the tech world. As with every week this year, we had to cut and cut and cut to get the show down to size. Here's what made it in in the end:
Medium saw more employees depart the company after CEO Ev Williams published a 'culture memo.' While the Medium memo doesn’t wholly ban politics, some allege that the undertone of the statement, timed weeks after a failed unionization attempt, created an unsafe environment. A week later, Natasha covered another controversy, this time at Y Combinator. We riff on the takeaway, and what this story looks like three months from now.
And we wrapped with the ExtraHop exit. We spent a minute trying to figure out why the company was valued at $900 million in its exit. The number, while large, felt light based on what we knew about the company.
Thanks for hopping along with us this week and every week. Quick programming note: Natasha will take Alex's spot on the Monday show for next week since he's out, so be nice, and send her stuff to mention.
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