

Equity Monday: TechCrunch goes Yahoo while welding robots raise $56M
May 3, 2021
This week kicks off with a major corporate shuffle as TechCrunch's ownership changes hands. Flywire is gearing up for a public offering, while Uber and Lyft prepare for key earnings reports. Dell's divesting from Boomi signals a shift in strategy, and cloud market growth continues to fuel startup innovation. In funding news, Wealthsimple makes waves with a massive CAD$750 million round, and Path Robotics celebrates a hefty $56 million raise. Plus, China's regulatory crackdowns are shaking tech valuations.
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Dell's Divestment Strategy
- Dell is selling parts of itself, like Boomi, to reduce debt and improve credit rating.
- This highlights the potential downsides of large tech acquisitions and the importance of manageable growth.
Cloud Spending Fuels Startup Growth
- Cloud infrastructure spending grew 35% in Q1 2021, reaching $41.8 billion.
- This growth fuels the current startup boom, as cloud spending drives overall software spending.
TechCrunch's Corporate Journey
- Alex Wilhelm joined TechCrunch during the AOL era and left before the Verizon integration.
- He returned when it was Verizon Media Group and is now experiencing another corporate change to Yahoo.