Forget medicine, in the future you might get prescribed apps

Mar 19, 2021

Snap's acquisition of Fit Analytics promises to change e-commerce with AI-driven sizing tools. The speakers dive into eToro's major move to go public via SPAC, sparking a discussion on the trading sector's evolution. They explore Riva Health's innovative app that could make your phone a blood pressure monitor. The rise of crowdfunding as a solution to venture capital inequality is also examined, alongside Dutchie's significant funding in the booming cannabis market. It's an engaging mix of tech trends and finance insights.

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ANECDOTE

From Disrupt to Acquisition

Fit Analytics, originally UpCloud, launched at TechCrunch Disrupt Beijing in 2011.
It's interesting to see past startups succeed and get acquired by companies like Snap.

INSIGHT

Sizing Challenges Persist

Despite technological advancements, online clothes sizing remains a challenge.
This difficulty persists even with augmented reality and other technologies.

INSIGHT

eToro's Global Reach

eToro, similar to Robinhood, offers free trading of stocks and cryptocurrencies.
It has a large user base globally, particularly in Europe.

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Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.

Natasha and Danny and Alex and Grace were all here to chat through the week’s biggest tech happenings. This time around we had whatever passes for a quiet week as far as news volume. But that still meant we had to cut stuff and move the rest around. But, once we got done editing the notes doc down, here's what was leftover:

Snap acquires Fit Analytics, a fitting technology startup: A far-past TechCrunch Disrupt alone has found a new home inside of the LA's social leader. No price on this one, but a fun thing to talk about all the same.
eToro is going public via a SPAC (cool), and as it competes with Robinhood it gave us a chance to dig into the market. And frankly there's a lot to like about eToro. And thus Robinhood? Probably.
The co-founder of Siri and a scientist have teamed up to create Riva Health, a software solution that hopes to turn your phone into a blood pressure monitor accurate enough for clinical use.
Copy.ai raised $2.9 million, a round that Alex would not shut up about because of GPT-3. More on that tech here.
The future of cannabis is in the hands of retail shops, or at least thats what Dutchie, a Bend, Oregon-based startup, believes. The cannabis management startup raised $200 million at a $1.7 billion valuation this past week.
Airtable raised another round. A huge one. Again. This time it was $270 million at a $5.77 billion valuation. How much more money could it need? Who knows!
Squarespace, everyone's favorite podcast sponsor, has raised $300 million at a steep, $10 billion valuation. The news broke nearly two months since Squarespace filed confidentially for IPO.
And we closed on how unequal the venture capital world really is. It's super embarrassing to report on, but knowing the numbers is better than not. So we wrote about it.

The show wraps with a teaser for next week that we won't spoil here.

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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