Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.
Alex apologizes for the math mistake you’ll discover, naturally. 36 divided by four, is, of course, nine.
Turning to the show, as has been the case every single week since we cannot recall when, we had a hell of a parcelled schedule .; there were new funds to talk about, there were rounds aplenty. As the unicorn era hands the baton to the COVID-1 9 decline, there still more than we can get through each week.
But we did cope all that follows 😛 TAGEND Lightspeed raised a emcee of brand-new funds usefulnes billions of dollars, including $1.83 billion in fund for later-stage spates and $1.5 billion to pour more fund into its international financings. Andreessen Horowitz wants to put together a second crypto-focused fund value $450 million. That’s more than last-place occasion, and “were having” questions. Corigin Ventures raised its first institutional store at $36 million, effectively stepping out of complete control from its parent arrangement, Corigin Real Estate. Stripe developed $600 million more, at a flat valuation to its preceding round. The payments corporation is now worth around $36 billion. The word put out of nowhere, and probably meaning that the eventual Stripe IPO is far, far away. Robinhood is raising brand-new fund, which caught our attention. Carta, which aids control equity for startups, laid off 16 percentage of its staff as presented in an psychological memo by the company’s CEO Henry Ward. Then, the plan coagulated when news terminate that it’s raising a brand-new round of funding that would value it at$ 3 billion. Lucid and Everee, two Utah-based business parent capital the coming week, right when we are insured Podium raise the week before. $52 million for Lucid, makers of Lucidchart, and $ 10 million fo Everee, a payroll software startup with a amusing spin. But we weren’t done yet, as we had to talk about Airbnb’s new indebtednes effort; Danny built the point that it’s hardly cheap fund for the firm to raise, possibly lending pres to Airbnb later on. This is another company that will not go public in 2020. Savi promoted$ 6 million to help students offer student lends, while Frank heightened$ 5 million to help students eschewed racking them up . Despite tight school funds, Labster territory a administer with the California Community Colleges which tells us a bit about how edtech optimism is turning into actual dollars.