This engaging live show dives into BuzzFeed's strategic move to go public with a SPAC, raising important points about content-driven commerce. The conversation shifts to neobanks, examining their potential profitability and growth amidst a fintech boom. A startup focused on mobile banking for migrants captures attention with its innovative service model. Finally, insights into the evolving venture capital landscape highlight emerging trends, inclusivity, and recent successes with Figma's impressive funding round.
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insights INSIGHT
BuzzFeed's SPAC and Commerce Focus
BuzzFeed is going public via SPAC and acquiring Complex Networks.
Their focus is on commerce, aiming for over 50% compound growth in commerce revenue.
question_answer ANECDOTE
Complex's Content Volume
Complex published an astounding 170,000 pieces of content in 2020.
This high volume suggests content repurposing or segmentation strategies.
insights INSIGHT
Neobank Profitability
Neobanks are showing promising financial results, with Revolut's revenue up 130% in Q1 2021.
Some neobanks are approaching profitability, validating investor confidence.
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Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.
This week we did something fun and different and good: a live show! A good number of people came, and asked questions, and altogether, it was a blast.
Danny,Natasha, and Alex had a lovely time with the regular work, while Grace and Chris and Kevin made the whole operation function. We'll likely post a bonus episode of the Q&A on Saturday if people are interested in Equity After Hours.
That aside, what did we talk about in a longer-than-usual episode? Here's the rundown:
Buzzfeed is going public!Alex wrote about the news here, but the gist is that the media company is merging with a SPAC, buying Complex, and raising some capital at the same time. We have thoughts about it.
Maybe neobanks will break even?We dug into some fintech news through the perspective of some recent news from the neobank market.
What's going on with the early-stage venture capital market? That's something we tried to parse. The gist is that the rapidly-evolving world of investing in startups is in the midst of a few trends that are worth understanding. Even if they are slightly contradictory.
It's always fun to play around with our show, and thank you to everyone who came out and supported us in our first-ever, but probably not last-ever, virtual live show. We are back to regular, however, starting Monday.
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