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Hey and welcome again to Equity, a podcast concerning the enterprise of startups, the place we unpack the numbers and nuance behind the headlines.
That is our Friday present, and we’re speaking concerning the week’s largest startup and tech information, and have a little bit enjoyable. This week Mary Ann and Alex recorded as a duo. That meant a mixture of progress tales, and a few less-than-winsome on the startups that aren’t having the most effective 2023:
- How Lula went frugal and set itself up for a large up-round in 2023: Mary Ann’s current reporting on Lula was excellent Fairness materials because it handled capital in movement, and a quickly-growing startup. Much more notably, Lula is within the insurtech area, a part of the fintech world that has had an up-and-down few years.
- Weights & Biases raises $50M: Again within the day if a startup raised a giant spherical, after which a smaller spherical afterwards, we’d have fearful a little bit. At present’s enterprise market feels a little bit bit totally different. So, MLOps startup Weights & Biases has added $50 million extra to its coffers, and we didn’t fret an excessive amount of on the spherical coming in gentle in comparison with its earlier tranche. Summing our views, something ML and AI is sizzling right this moment, and Weights & Biases is well-known. This spherical was not a shocker.
- BlueJeans folds: Bear in mind when Verizon purchased a Zoom competitor in the course of the pandemic? Plainly prospects didn’t, both.
- Sendy shutters, Proterra reaches for bankruptcy help: Whereas insurtech and MLOps are exhibiting vigor, Kenyan logistics startup Sendy is over, and an EV startup that went public through a SPAC is attempting to shake up its accounting in order that it might maintain going. Not the greatest information, frankly.
- And we closed with the newest from WeWork (not so good) and its erstwhile bestie, SoftBank, which is getting busier with its checkbook once more.
What a wierd week and one which glided by so shortly. Extra on Monday! Discuss to you then!
For episode transcripts and extra, head to Equity’s Simplecast website.
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