Plus Snapchat layoffs, Clearco’s departure and big changes at Y Combinator
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.
This was a Live Week, meaning that Alex, Natasha and Mary Ann recorded the show on Twitter Spaces, hanging out with a bunch of the Equity family. Good times were had! We also disclosed that we are recording live at Disrupt this year! Yes, so come hang out as we tape the show on opening day, full of coffee and enthusiasm.
Now, to the show notes. Here’s what we have in store for you:
- Deals of the Week: Stacked, which is taking on Twitch with a web3 twist; Astro, which wants to help connect Latin American developers to American companies; Anchor, which is building a BaaS platform in Africa.
- From there we riffed on the big changes at Y Combinator, and what it means for an early-stage venture firm managing over $3.2 billion in assets. The executive shift touched down just in advance of next week’s demo day. Next week is going to be busy.
- Then Mary Ann walked us through issues at real-estate focused fintech startups, namely that they are burning too much money. Naturally this meant that we had to mention Better.com, again.
- And we closed with layoff news from Snap, and Clearco. Both stories are vastly different but compare in the layoffs, retraction in international presence, and promise for more focus in the future.
If you are coming to Disrupt, use the code ‘EQUITY’ to save 15%. It makes us look good internally, and gets you a cheaper discount to our first Disrupt live show in the history of the podcast. And, speaking of the pod, Equity is back next Tuesday, not Monday, due to the American holiday. Ok! Bye!