Equity It's always earnings season if you look hard enough
Jul 28, 2023
Kirsten Korosec, a TechCrunch reporter known for her deep dives into autonomous vehicles and Fintech, joins the conversation this week. They discuss AngelList's acquisition of Nova and Waymo's shift from autonomous trucks to ride-hailing, sparking important debates. The earnings season reveals rising AI costs with revenues finally on the horizon, while major tech stocks perform decently. The team also analyzes the role of funds of funds in increasing diversity within venture capital, highlighting the challenges diverse founders face in the ecosystem.
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AngelList Enters Private Equity
- AngelList acquired Nova, a startup focused on digitizing private equity paperwork.
- Nova tripled its revenue in 2022 and worked with big names like VanEck and Pantera.
Smart or Dumb?
- AngelList's acquisition of Nova could be a strategic move upmarket or an attempt to diversify.
- Its success depends on whether it integrates into private equity's higher echelons.
Waymo Bets on Robo-Taxis
- Waymo is shifting its focus from self-driving trucks to ride-hailing.
- This leaves Aurora as a major player in the autonomous trucking space.