Don’t ever leak data, but especially if you’re building this type of startup
Apr 7, 2023
The podcast dives into crucial data privacy issues in telehealth, spotlighting alarming breaches by companies like Monument and Tempest. It highlights the implications for trust in healthcare, especially concerning alcohol treatment privacy. Exploring the fintech landscape, the hosts discuss Acorns' acquisition of GoHenry and venture capital trends, showing a decline in large funding rounds but a rise in seed-stage investments. They also reflect on the latest startup demo day, noting shifts in participation and concerns over trust amid fraud scandals.
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question_answer ANECDOTE
Data Leak
Monument and Tempest shared patient data with advertisers, violating trust.
This data included sensitive information like alcohol consumption and treatment details.
volunteer_activism ADVICE
Data Privacy
If you handle sensitive information, prioritize data privacy.
Your failure rate for data privacy must be zero.
question_answer ANECDOTE
Acorns Acquisition
Acorns acquired GoHenry, a UK-based fintech for 6-18 year-olds.
This acquisition expands Acorns' user base and gives them international presence.
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This was Y Combinator week in a sense, with the well-known accelerator showing off hundreds of startups over a two-day period. We had some thoughts about that. But! There was a lot more for Mary Ann, Natasha and Alex to dig into, so we have a little something for everyone today.
Looking for all the Y Combinator notes your heart could desire? You can find our favorites from days oneand two at those links, and read this Natasha piece on why the Bay is Back.
We also took the time to discuss the term 'demo day' for an event where there are no, you know, demos.
Latin America was back on the show thanks to Mary Ann, giving us a good reminder that we have not spent enough time lately looking at the region.
We closed with Frank, a frank chat that frankly had us shaking our heads. Fraud is bad, and nearly doubly so when it comes to startups, where trust plays such a critical role.
Equity will return to your ears Monday morning, cheers until then!
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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