Some good news, some Better.com news
This week, the Equity team had no shortage of news to sift through. We kicked off with an update on former celebrity exec SBF heading to jail, then got into Better.com going public, Monday.com's growth, Vinfast adding to the SPAC list, the Inflation Reduction Act's anniversary, and two bright spots in 2023's venture landscape.
Equity · TechCrunch, Rebecca Bellan, Kirsten Korosec, Anthony Ha, Sean O'Kane, Theresa Loconsolo
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Show Notes
This week Mary Ann and Alex were joined by our regular guest host Kirsten Korosec.
Here's what the gang got into:
- FTX's former CEO SBF is heading to jail: We struggled to find much pity for the former celebrity executive.
- Better.com is going public: After much controversy Better.com's SPAC merger is a go. The deal is a fundraising mechanism by our understanding, though we had a bit of a tough time coming up with a bull case for the company in the present moment.
- Monday.com's growth: Alex has kept tabs on the earnings cycle as always, which led him to write rather kind things about Monday.com's most recent quarterly results. In short, the former startup is posting quick and cutting its losses and generating lots of cash. What's not to like?
- Vinfast went public, and investors are stoked: Another SPAC deal for the list today is the Vinfast debut. Vietnamese EV company Vinfast is now worth more than many major auto companies, despite falling revenues and massive unprofitability. So what, says the market.
- The IRA turns one: The Inflation Reduction Act's impact on American manufacturing is big, and growing. Europe might have been irked to start, but it appears that fans of domestic production have found their champion.
- The fundraising market: To close out the show we chatted about Becca's recent article on new venture funds raised by women, and a quick look at the pre-seed market for all the founders out there.
That's all from us this week. We are back Monday morning, chat then!
For episode transcripts and more, head to Equity’s Simplecast website.
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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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