That's capitalism, baby!
We're back with another packed news week so Alex and Mary Ann tagged in Becca Szkutak to help us out. This week, OnlyFans' CEO stepped down, South Park got deepfaked, an e-bike startup went poof and we said godspeed to Cameo.
Equity · TechCrunch, Rebecca Bellan, Kirsten Korosec, Anthony Ha, Sean O'Kane, Theresa Loconsolo
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Show Notes
Here's what we got into today:
- Deals of the Week: Layoffs at Cameo, where fintech valuations are today and where they are going, and Egnyte's slow-burn path to an IPO.
- The end of VanMoof: Raising a lot of money doesn't necessitate a startup's success. Such is the case with VanMoof, which raised nine-figures and built and sold e-bikes. Now it is no more, and we have questions.
- CEO turnover: As the CEO of OnlyFans steps down, the gang dug into when a CEO can or should step down. Certainly some companies do best, for example, with long-term leadership by a founder. But not all.
- Generative AI and the writer's strike: It turns out that we're bigger South Park fans than we knew as a group, but that's not really the point. What matters is that a recently released 'AI-generated' episode of the show is driving a conversation today concerning how critical — or not — humans are to the creative process. Google is also busy here.
And that's the end of the week! Equity is back on Monday! Chat soon!
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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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