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Equity

A new venture capital supergroup is forming

Equity

TechCrunch

Founders, Silicon Valley, Finance, Ipo, Vc, Technology, Business News, Startups, Business, Venture Capital, News, Stock Market, Entrepreneurship, Techcrunch

4.2365 Ratings

🗓️ 1 May 2024

⏱️ 11 minutes

🧾️ Download transcript

Summary

This week on Equity, we dug into the Chowdeck round. It’s a Nigerian company that is putting up impressive growth with its food delivery business. Keep an eye on it, Nigeria is a big market and TechCrunch writes that no single company has its delivery business on lock. Yet, at least. On this morning’s episode we also took a look at the recent Corelight round, which given its valuation and revenue growth, is one to chew on. From the venture side of things, we discussed two stories. First, that Intuition is going after the consumer market. From Paris, the smaller fund is betting that going the opposite direction as most VCs is how to make the most money. And second, a new venture capital supergroup is forming. Axios reports that investors with backgrounds at a16z, Bessemer and Index are building a new firm.

Transcript

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0:00.0

Hello and welcome back to Equity, the Tech Ranch Podcast, where we unpack the numbers and the

0:15.8

nuance behind the headlines.

0:17.9

This is Alex and today is May 1st, 2024.

0:22.0

Welcome back to our Wednesday show where we dig into the critical startup and venture

0:25.6

capital stories from the week thus far.

0:28.7

And this has been a very busy one, so on the show today, for you, you my friends I have browser startups that are

0:34.5

big business and what they share core lights latest funding round and why it is

0:39.6

a sign of the Times chowdeck a startup to watch from Nigeria that has very impressive growth, and then over in the venture category, a new fund with a focused twist and the latest venture supergroup to join together to build something new.

0:54.0

It's going to be a blast. Let's go.

0:58.0

First up, a pair of startup stories that are all about browsers.

1:02.9

As it turns out, browsers are big business,

1:05.5

and given that I have long thought that Chrome needs more competition,

1:09.6

good.

1:10.3

So let's start with the consumer side of things the browser company which makes the

1:14.6

ARC web browser it dropped its Windows version this week now you might recall

1:20.0

that the browser company was testing its Windows client back in December.

1:23.7

It ended up picking up about 150,000 people that used it and now its way list of

1:29.1

more than a million can now jump on it and give it a try themselves. The startup does want to replace your kind of daily driver browser and as Check Runts recently raised 50 million at a 550 million dollar valuation.

1:42.2

I have arc installed, I have played with it a little bit, but I haven't

1:47.1

given it really enough time, so I don't have a comment about how good it is, but I will say that 150,000 users and a million people on a wait list

1:55.3

does indicate that the browser company is making something people want.

1:59.4

Now, pivot, let's talk about the enterprise and a company called Island. They're making a browser for businesses and Ron Miller writes for Tech Runch quote

...

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