Hi there and welcome again to Equity, TechCrunch’s enterprise capital-focused podcast, the place we unpack the numbers behind the headlines.
This week we had the complete Fairness employees available to dig via the week’s information, helmed by Kate Clark and Connie Loizos with Alex Wilhelm within the studio too. Plus, Om Malik, a former scribbler and current venture capitalist, joined us to riff on the most recent.
Earlier than we dig into what we lined, a small observe from the group: As this episode goes out earlier than Uber will commerce, we’ll have one other episode coming to you tomorrow after the insanity. Keep tuned.
Uber priced its IPO at $45 per share proper earlier than we hit document, so we first touched on the ultimate pricing of what needs to be the yr’s largest tech IPO. Pricing in direction of the lower-end of its vary, Uber might be setting itself up for a powerful first day. Or, demand was lower than expected following Lyft’s slide. Both method, Uber will commerce tomorrow as a public firm finally. Om predicts Uber and Lyft rides will get an entire lot dearer within the subsequent eighteen months, so maintain onto your hats, the long run for riders and drivers alike is… unclear.
Subsequent, we debated Harry’s exit to Edgewell Private Care. The direct-to-consumer razor provider offered this week for greater than $1 billion in a deal paying homage to the Greenback Shave Membership’s sale to Unilever. From there, we spoke about the latest from the Luckin Coffee IPO. The information, in short, is that its IPO is transferring ahead. Subsequent up is pricing, we’ll remember to talk about any updates on the podcast.
In massive deal information, Carta closed a $300 million spherical. Connie has realized lots in regards to the enterprise in current weeks and it seems, Om needs he was an investor!
Lastly, Cruise’s latest new round, and the capital needs of autonomous driving. As all of us shortly agree, it’s an costly enterprise and never one that can get cheaper. However, provided that so many firms are engaged on the tech, we hope it really works out. Particularly Om, who doesn’t have a driver’s license, it seems.
All that and we had enjoyable! Chat tomorrow!