The hosts dive into the potential sale of Verizon Media Group, highlighting the uncertainties in the digital media landscape. They discuss the troubling statistics around diversity in venture capital, shedding light on the ongoing disparities. Fintech startups targeting teen banking are on the rise, revolutionizing financial education for the younger generation. Finally, innovative 'masterclass' education platforms are explored, showcasing unique learning experiences and the influence of venture capital in this space.
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TechCrunch's Uncertain Future
TechCrunch, owned by Verizon Media Group, might be sold to Apollo Global Management.
This news prompted the Equity podcast hosts to discuss the potential implications.
insights INSIGHT
Potential Impact of Sale
The hosts discussed the potential consequences of the sale, including layoffs and the impact on reporting.
They expressed a mix of humor, concern, and cautious optimism.
insights INSIGHT
Diversity in Venture Capital
All Raise data reveals that 64% of VC firms lack a single female partner.
Black and Latinx female founders received only 0.64% of VC funding.
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Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.
First and foremost, Equity was nominated for a Webby for “Best Technology Podcast”! Drop everything and go Vote for Equity! We’d appreciate it. A lot. And even if we lose, well, we’ll keep doing our thing and making each other laugh. (Note: we are in last place, which is, well, something.)
Regardless, the Equity team got together once again this week to not only go over the news of the week, but also to do a little soul searching. You see, some news broke yesterday, so we figured that we had to talk about it in our usual style. So, here's the rundown:
Do you want to buy TechCrunch? Apparently you can? Albeit probably along with a few billion dollars worth of other assets -- whatever is left of Yahoo and AOL -- you can now own an NFT. A non-fungible TechCrunch. What is ahead for us? We don't know. So if you do know, tell us. Until then we'll just yo-yo gently between panic and optimism, as per usual.
And then there was a suspicious trend when three fintech companies focused on teen banking raised in one exhale. We talk Step, Greenlight, and Current.
And to close, we discussed the latest cool-kid venture capital funds. Sure memes are cool, but did you know that they can help you raise a $10 million fund? They can!
We are back Monday morning with our weekly kick-off show. Have a great weekend!
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