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Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.
This week Kate and Alex were back to dig through a surprising number of fresh rounds and new funds along with a little breaking news. The traditional VC summer is nowhere to be seen in 2019, so expect the show to stay packed for the foreseeable future.
DoorDash - Decision - Caviar - Square - Agenda
DoorDash’s decision to buy Caviar from Square upended our agenda. The decacorn’s decision to drop $410 million in cash and stock on an asset that Square had spent around $90 million on was nearly confusing. Square couldn’t offload the damn thing for $100 million back in 2016; Jack’s second company has now shed an unprofitable arm that looked less and less core to its operations as time has gone along. And DoorDash turned cash and stock into a bit of growth.
Next on the docket was Clearbanc. The company, which wants to disrupt venture capital by popularizing the revenue-based financing model, raised a $50 million round and announced a $250 million fund. We’re keeping a close eye on this company, as its fast-growth is relatively unmatched. Plus, Kate’s interviewing Clearbanc co-founder...
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