INSUBCONTINENT EXCLUSIVE:
Hello and welcome back toEquity, TechCrunch venture capital-focused podcast where we unpack the numbers behind the headlines.
This week
Connie Loizos and I were joined by Norwest Scott Beechuk
Sadly, Matthew Lynley was reading slam poetry to ambivalent cacti in the Sonora Desert and thus couldn&t join us
He&ll be back soon, we promise.
But we had a good crew on deck and a grip of news to sift, so let get to what we got into.
First up was the
latest headlines in the on-demand transportationsector
Lyft raised a huge new pile of cash at a staggering valuation, Uber got the go-aheadto operate once more in the great city of London, and
Bird $300 million round officially closed.
So that another $900 million for domestic transportation-sharing, at least, in a single week
Right.
Next up Sequoia epic new $6 billion in fresh capital
Recall the famous line about a million dollars not being cool, but a billion dollars being cool Sadly a billion dollars isn&t cool, 2012
But maybe $6 billion is cool
At least 2018 Sequoia thinks so
(Good luck returning a multiple of that figure!)
Speaking of a16z, that shop has a new vehicle in the market focused on the crypto space
With $300 million ready to go and no 20 percent cap on crypto investments, a16z can now do what it wants inside of the
surprisingly-still-nascent space.
All that and we tried to squeeze AppNexus into the show
(Update: We failed!)
Stay cool and we&ll see you in a week!
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