Hello and welcome back to Equity,
TechCrunch’s venture capital-focused podcast, where we unpack the
numbers behind the headlines.
This week we had the gang back together with our own Connie Loizos at the helm,
Kate Clark in the
studio as well, Alex on the
phone, and Ed Sim
Ventures onboard as well. A good crew for a busy week.
Now that 2019 is fully underway, the news is back to its usual
firehose-pace which means we had a lot to get through. In no overly
serious order, here’s what we got to today on the show (you
are subscribed, right?):
The Pill Club raises $51 million: This Series B greatly expands
The Pill Club’s total capital base, and puts more venture funds
at work in women’s health. The service only launched in 2016,
making its new round large compared to its age. But in the age of
the huge early-stage round, The Pill Club’s round is hardly alone
in its size for a Series B.
- More damn scooter news: There are more
scooter companies than you thought, which are
raising more money than you expected, and some giants are
not as big as they had hoped to be. That’s a quick
- Market fears: Domestically some venture capitalists are
thinking more about bad deals that they dodged than good deals that
they missed. That would be a change. And what’s going on in
China is starting to feel a bit chillier than expected; it seems
that the world’s hottest startup market is coming to terms with
its own exuberance.
- A China slowdown? On that last point,
China’s Q4 venture numbers were down year-over-year and also
from the preceding quarter. It was a somewhat flop of an ending to
a big year. The question now becomes how long the slowdown stays
Munchery and the remains of munchies past: Kate looked into who
isn’t getting paid after Munchery’s embarrassing flameout. The
company lost around $125 million of its investors money, and,
worse, has left many local companies unpaid. (Its investors should
make those small businesses whole as they can afford it, and it’s
the right thing to do.
Here’s a list of those investors.)
And a few other things that we had to get to like Superhuman,
Confluent, and various deserts.
his is the third calendar year of Equity, so thanks for sticking
with us for so long. Hang tight, we’ll be right back!
Source: FS – All Tech News 2
Scooters 2.0, Munchery ghosts, and solving contraceptive deserts