Equity Monday: Clubhouse, UiPath, and the crypto flash crash
Apr 19, 2021
Discover the intriguing dynamics of venture capital as Clubhouse's impressive valuation raises questions about competition with tech giants. Explore UiPath's IPO journey and Druva's significant funding milestone, pushing its valuation past $2 billion. The latest in tech investments reveals Razorpay's fresh capital boost and DoNotPay's innovative expansion into market insights. This week sets the stage for exciting shifts in the tech landscape!
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insights INSIGHT
Risky Venture Bet
Clubhouse's high valuation makes it a risky venture capital bet, unlike stable SaaS companies.
This approach may signal a shift in VC strategies, focusing on potential breakouts.
insights INSIGHT
Decoupling from VC
Software companies may decouple from VC funding as alternative financing options emerge.
This explains VC's aggressive investment in high-growth SaaS startups early on.
insights INSIGHT
Apple's Limited Startup Impact
Apple events seem to have minimal impact on the startup ecosystem, despite Apple's size.
This suggests a limited competitive overlap between Apple and most startups.
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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 weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here and myself here.
First, our news roundup from last week was probably the most fun I've had in a few months, so make sure to catch up on that if you haven't. That said, here's a rundown of what we got into on the show this morning:
The new Clubhouse round has us thinking about what is a good venture-style bet, and what isn't. At least you can't fault the Clubhouse crew for not having conviction.
There's an Apple event this week, which caused us to wonder why more startups aren't competing with the giant.
Cryptos have recovered from the flash crash, which had us thinking.
Druva raised $147 million as TechCrunch will report later today, and Razorpay raised even more capital at a newly refreshed valuation.
Finally, DoNotPay had some news, but it's corporate ethos proved even more interesting.
The week is here, everyone! It's Monday! We can do this!
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.
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