Stripe's valuation rebounds to $65 billion amid ongoing discussions about its public offering. Meanwhile, Fervo Energy is harnessing geothermal power as an innovative solution to energy challenges, proving that our answers might lie underground. The podcast also tackles the rise of companies specializing in helping startups close down, reflecting the grim reality of increased closures. Lastly, the complexities of AI and legal rights are spotlighted, particularly with Microsoft's strategic investments as regulation concerns grow.
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insights INSIGHT
Stripe's Valuation Rollercoaster
Stripe's valuation has fluctuated, recently reaching $65 billion after a tender offer.
This likely delays their IPO, despite their size and ability to control their finances.
insights INSIGHT
Stripe's Valuation History
Stripe's valuation history shows significant increases, reaching $95 billion in 2021.
Despite this, they've opted for tender offers instead of an IPO, raising questions about their strategy.
insights INSIGHT
Fervo Energy and Geothermal's Potential
Fervo Energy raised over $200 million to commercialize and scale geothermal energy.
Geothermal offers a consistent energy source, unlike episodic wind or solar power.
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Stripe’s valuation recovers: As part of a tender offer, Stripe is now worth $65 billion. The company’s valuation has been on an up-and-down path in recent years as the company works to make its massive bulk fit into the private markets. Alex has thoughts on when it should go public, as you might imagine.
Fervo Energy’s $200M+ round: What if the solution to our energy problems was not in the stars, but beneath our feet? And no, I am not talking about carbon-based fuels. No, instead, what if geothermal energy is what we’ve been waiting for? Fervo wants to make that question into a reality.
Why VCs are investing in companies that shut down companies: With more startups than usual heading for closure, there’s a mountain of work ahead for founders and backers to shutter companies. Now some angels and other investors are putting their own capital into several companies that specialize in helping other firms close. Grim, but necessary.
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