Plus Snapchat layoffs, Clearco’s departure and big changes at Y Combinator
Hello and welcome back to Equitya podcast about the business of startups, where we uncover the numbers and nuance behind the headlines.
This was a Live Week, which means Alex, Natasha and Mary Ann recorded the show on Twitter Spaces, hanging out with a couple from the Equity family. There were good times! We also announced that we will be recording live at Disrupt this year! Yes, so come and join us while we record the show on opening day, full of coffee and enthusiasm.
Now to the show notes. This is what we have in store for you:
- Deals of the week: Stacked, which takes on Twitch with a web3 twist; Astro, which aims to help Latin American developers connect with US companies; Anchor, which is building a BaaS platform in Africa.
- From there we ran across the big changes at Y Combinator, and what it means for a startup company managing more than $3.2 billion in assets. The executive team came down just before next week’s demo day. It’s next week pressure.
- Then Mary Ann guided us through it problems with real estate-focused fintech startupsnamely that they burn too much money. This, of course, meant that we had to rename Better.com.
- And we closed with resignation news from Snap and Clearco. Both stories are vastly different, but compare in the layoffs, withdrawal from international presence, and promise for more focus in the future.
If you come to Disrupt use the code ‘EQUITY’ Save 15%. It makes us look good internally and you get a cheaper discount on our first Disrupt live show in podcast history. And speaking of the pod, Equity will be back next Tuesday, not Monday, due to the US holiday. OK! Bye!