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This Week in Startups

Google, Microsoft, and Snap earnings, plus the state of VC in the Middle East | E1834

Oct 25, 2023
58:00
Snipd AI
Discussion on the state of venture capital in the Middle East. Breakdown of Q3 earnings reports for Google, Microsoft, and Snap. Insights on automation in video editing, startup accounting mistakes, and personal investment strategy. Analysis of Snap Inc.'s performance, financial position, and notification strategy.
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Podcast summary created with Snipd AI

Quick takeaways

  • The state of venture capital in the Middle East is discussed, highlighting the opportunities and challenges in the region.
  • Earnings reports from Google, Microsoft, and Snap are analyzed, providing insights into their financial performance.

Deep dives

Greycroft undergoes restructuring with layoffs in investment team

Greycroft, a major VC firm, recently laid off five members of their investment team, including two partners and three principals. This move is part of a restructuring effort within the firm. It is important to note that the layoffs do not necessarily indicate a pullback in the industry or a failure to meet fundraising targets. Greycroft remains a significant player in the VC space, with over $5 billion in assets. The firm's focus on health tech and FinTech may see some adjustments due to the departure of the partners leading those teams.

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