Welcome to Startups Weekly, a fresh look at this week’s startup news and trends. To get this in your inbox, subscribe here.
I’m going out this week, but that doesn’t mean I’m leaving you alone. TechCrunch has been not-so-quietly growing its podcast universe. So I thought I’d take a moment to highlight the podcasts, the minds behind them, and my favorite episodes so far. Thanks to Yashad, Maggie, Grace, and Kell for their behind-the-scenes work that makes us sound smart and informed.
- Equity: You know the one. Co-hosted by myself, Alex Wilhelm, and Mary Ann Azevedo, Equity is a thrice-weekly startup business podcast where we reveal the numbers and nuances behind the headlines. My recent favorite episodes include an interview with a founder about All That VC advice and a fintech battle of the gangs chat.
- Found: Now just over a year old, Found is a weekly podcast co-hosted by Jordan Crook and Darrell Etherington about the stories behind startups. Each week, the duo profiles a different founder and their journey to solving some massive problem—whether it’s building a faster way to fly or green technology on the ocean floor.
- Chain reaction: Co-hosted by Anita Ramaswamy and Lucas Matney, Chain Reaction dives into the world of crypto, web3 and NFT in the most innovative way I’ve seen. Even better, the duo has a weekly newsletter of the same name that features web3 events, spicy tweets and big funding rounds. My recent favorite episodes including Voices Outdoors and Unpredictable.
- The TechCrunch Podcast: The latest edition of our podcast family, The TechCrunch Podcast gets reporters talking about the biggest headlines of the week. I like to describe the show as a reporter’s notebook meets noise-canceling headphones, leaving you with a real pulse of what’s going on. Oh, and it’s hosted by Darrell Etherington again, and it’s not even his last podcast.
That’s the summary. And each week Matt Burns recaps what we’ve posted, but so you don’t miss out, go ahead and subscribe.
In the rest of this newsletter we’ll talk about my new beat and some math to boot. As always, you can support me by forwarding this newsletter to a friend or follow me on twitter or subscribe to my blog. Thanks for sticking with me this week, back to normal programming next time!
New beat, who’s that?
You know you’re in a good place when your own co-worker fills you with your personal news. As Mary Ann Azevedo mentioned in her newsletter earlier this month, I’m joining the fintech desk to write about entrepreneurship’s answers to the access, wealth creation, and socialization of finance.
Here’s why it’s important: I selfishly hope this needs no explanation. Economic empowerment of people has been a constant mission of startups before, during, and presumably long after the COVID-19 pandemic brought it into focus. I’m just happy to finally have the words to describe what I care about!
Give me tips on what’s going on in the fintech world — especially those that don’t always have anything to do with your company and coverage. I can never be a fly on the wall the same way a founder can, so let me know what I’m missing! Oh, and the best way to do the above is to just tweet me @nmasc_ or write to me.
Startup Math is a subtweet for journalists everywhere
As the downturn threatens companies’ ability to reach profitability while simultaneously highlighting the need for them to get there faster, we’ll see more creative math from process founders, potential employees and investors. So this week we dug into it at Equity in an episode featuring our very own Haje Jan Kamps. Along with the episode, we’ve put together three looks with a closer look at how.
Here’s why it’s important: Growth is subjective, unfortunately, which means that often private companies (which aren’t required to publicly share their financials) can release a semblance of it without much consequence. For example, a startup’s revenue may have grown 100% over the year, but it could be either $1 to $100 dollars thanks to its first customer, or $1 million to $10 million; who to say Sometimes this example alone can get a founder to tell me the true range of their growth, but sometimes it just means I have to put an asterisk next to every obscure growth metric I include in stories. As the downturn crowds conversations with vagueness or, worse, silence, it’s more important than ever for founders to provide specifics when touting growth. It’s not all up and to the right, and it’s finally okay to say it out loud.
During the week
Seen on TechCrunch
Coinbase’s CEO says he’s laying off 18% of his workforce
Dogecoin investor sues Elon Musk, Tesla and SpaceX for $258 billion
Redfin and Compass cut more than 900 jobs combined as mortgage rates continue to rise
India’s Dukaan expands globally to take on Shopify
Crypto Lender Celsius Pauses Withdrawals, Transfers Citing ‘Extreme Market Conditions’
Seen on TechCrunch+
A decade after the bubble burst, 5 climate tech investors explain why they’re all on board
Pitch Deck Teardown: Ergeon’s $40M Series B Deck
Is consolidation on the horizon for Southeast Asia’s tech industry?
8 steps to build a financial model to calculate your fundraising needs
Growth Marketing Experts Survey: How would you spend a $75,000 budget in the summer of 2022?
Until next time,