The podcast dives into the vibrant atmosphere of in-person connections at the TechCrunch Early Stage event in Boston. SpaceX's ambitious new rocket makes headlines, achieving notable milestones despite explosive hiccups. Meanwhile, Tesla faces investor disappointment over recent earnings and price cuts, revealing tough times ahead. The tech industry is rocked by widespread layoffs, creating a challenging landscape for startups and established companies alike. Expect a return to regular programming next week!
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Early Stage Boston
Alex attended TechCrunch Early Stage in Boston and noted the positive atmosphere.
Many people attended, sessions were packed, and there was good coffee.
insights INSIGHT
New Startups Thrive
Many founders at the event are building new companies, even some just two weeks old.
This disproves worries about a decline in startups post-YC demo day.
insights INSIGHT
IRL is Back
People desire in-person interaction after years of remote events.
This preference benefits startups, making it easier to connect with potential hires and customers.
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This week we recorded at Early Stage, TechCrunch's event for founders who are building startups from the ground up.
Sadly, our dear friend Natasha Mascarenhas took ill, and we had to lean on Alex for the episode. Happily, though, Darrell from the TechCrunch team was sitting next to us on the show floor so we tagged him in for some rocket knowledge.
Anyhoo, here's the run of show!
All things Early Stage: Notes from the show floor, what we can infer about attendance and a vibe check.
Elon's new, larger rocketwent up (very good) and then went "boom" (not as good). Happily for the space race, the overall result of the launch was good. Rockets have a tendency to go boom when they are new, and it's a bit of the, well, testing process to have them do so. Sure, a non-boom result would have been better, but SpaceX wasn't planning on trying to reuse the parts anyway.
Tesla's earningscame out and investors are not that pleased. While there was some good stuff in the numerical set, price cuts at the company and moderating cash flow indicate that profitability gains could be harder to reach in the future.
And layoffs. Meta is cutting staff. Insider is cutting staff. BuzzFeed is cutting staff. It's a mess out there.
We are back at full strength next week — and no longer on the road — so expect regular service to resume. Hugs!
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