We Reali don't know when real estate will get Better

Sep 2, 2022

The hosts dive into the financial challenges facing real estate fintech startups, highlighting concerns about excessive cash burn. They also explore Astro's innovative approach to bridging the developer gap by sourcing talent from Latin America. The conversation shifts to Stacked's plan to revolutionize esports streaming with cryptocurrency, discussing potential benefits and risks. Insights into leadership dynamics at Y Combinator and Snap's layoffs underscore broader trends in the startup ecosystem, setting the stage for exciting future developments.

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ANECDOTE

Astro's Approach

Astro connects Latin American developers with U.S. companies to address the developer shortage.
They claim to be profitable and not exploiting workers, raising $13M in Series A funding.

INSIGHT

Stacked's Crypto Strategy

Stacked, a Twitch competitor, integrates crypto tokenomics to reward streamers and viewers.
This strategy aims to attract users and disrupt Amazon-owned Twitch.

ANECDOTE

Anchor's Fintech Play

Anchor, a Nigerian banking-as-a-service platform, raises $1M in pre-seed funding.
Founded by Segun Adeyemi, who previously founded and sold Amplify, a payments platform.

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Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

This was a Live Week, meaning that Alex, Natasha and Mary Ann recorded the show on Twitter Spaces, hanging out with a bunch of the Equity family. Good times were had! We also disclosed that we are recording live at Disrupt this year! Yes, so come hang out as we tape the show on opening day, full of coffee and enthusiasm.

Now, to the show notes. Here's what we have in store for you:

Deals of the Week: Stacked, which is taking on Twitch with a web3 twist; Astro, which wants to help connect Latin American developers to American companies; Anchor, which is building a BaaS platform in Africa.
From there we riffed on the big changes at Y Combinator, and what it means for an early-stage venture firm managing over $3.2 billion in assets. The executive shift touched down just in advance of next week's demo day. Next week is going to be busy.
Then Mary Ann walked us through issues at real-estate focused fintech startups, namely that they are burning too much money. Naturally this meant that we had to mention Better.com, again.
And we closed with layoff news from Snap, and Clearco. Both stories are vastly different but compare in the layoffs, retraction in international presence, and promise for more focus in the future.

If you are coming to Disrupt, use the code 'EQUITY' to save 15%. It makes us look good internally, and gets you a cheaper discount to our first Disrupt live show in the history of the podcast. And, speaking of the pod, Equity is back next Tuesday, not Monday, due to the American holiday. Ok! Bye!

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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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