Good news for Rubrik, bad news for TikTok, and encouraging news for Early Stage startups

Equity

TechCrunch

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

4.2 • 365 Ratings

🗓️ 26 April 2024

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week, Rubrik’s strong IPO pricing and warm reception by the public markets after its listing add more weight to the perspective that the public markets are not as closed to tech startups as some thought, but that's not all we had to cover this week. Mary Ann let us know about "send-now-pay-later" startup Pomelo's latest raise, and then we dove in to all things TikTok, its timeline and impact. And to close, Early Stage. TechCrunch held its annual early-stage focused even this year, and it was a banger. Not to toot our own horn, but it was the second year in a row that our shindig in Boston was packed, useful, and lots of fun. The coffee was even good. At a tech conference. Alex had notes, so stay through to the end for that!

Transcript

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0:00.0	Hello and welcome back to Equity a podcast about the business of startups where we
0:14.8	unpack the numbers and nuance behind the headlines. Today is April 26,
0:19.8	2024. I'm Marianne Asavado and joining me as Senior Tech Crunch reporter Alex Wilhelm.
0:26.5	We're switching things up a little bit this week because instead of being in his usual recording space,
0:31.1	Alex is coming to us live from Tech Crunch's early stage event in
0:34.7	Boston. How's it going over there, Alex?
0:36.8	Uh, my voice is shot. I am over-caffeinated because we invested in three different espresso stations here at the venue, and I was 20 minutes late because it turns out I can't read a spreadsheet and properly schedule a recording time for when I'm off stage, and so we were supposed to start when I was still on stage.
0:53.8	But apart from that, Marianne, everything's going pretty darn good.
0:58.2	Awesome.
0:58.9	Glad you could still make it on.
1:00.6	That's the most important thing.
1:02.2	Before we get to the show rundown, I want to ask our
1:04.3	listeners, please don't forget to rate and review us on the Apple pods, Spotify, or whatever your
1:09.1	preferred pod streamer is. We really appreciate it. Now today on the show we're going to talk about a
1:14.7	variety of things including Rubrics IPO, Pemello's latest fundraise, the
1:20.4	Tik-Toc ban and what happened at Tech Crunch early stage. So Alex, tell us all about Rubric.
1:28.0	Yeah, so this is the fourth major technology IPO
1:33.4	that we've seen this year.
1:35.6	And if you recall, we saw Reddit and then
1:37.8	Asterra Labs, and then we recently saw another company go out.
1:41.2	And finally, we have gotten our way to Rubric. It's the company that I have been most interested. another company
1:45.0	actually managed to and the company that I have been most interested in how it will price and trade
	...

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