You do not have to be venture-backed to achieve success
Rubrik’s strong IPO pricing and heat reception by the general public markets after its itemizing add extra weight to the angle that the general public markets are usually not as closed to tech startups as some thought. If Rubrik’s outcome isn’t sufficient to interrupt the logjam, effectively, perhaps there’s one thing else occurring.
However there was much more that occurred this week, which meant that the Equity crew had a pile of reports to get via as at all times, with a bit of little bit of our personal blended in. Fortunately it was all fairly darn attention-grabbing, so Mary Ann and Alex began with Rubrik earlier than pivoting to Pomelo, a startup that has a really attention-grabbing twist on the remittances market.
From there it was time to speak about TikTok. What was as soon as an unfathomable outcome — TikTok being compelled to divest from its mother or father firm or face a ban — became reality pretty darn quickly. The US shouldn’t be the primary firm to ban the service, however we famous throughout the present that the corporate we’re retaining shouldn’t be essentially the most attractive. Nonetheless, right here we’re; what does it mean for consumers?
And to shut, Early Stage. TechCrunch held its annual early-stage centered occasion this yr, and it was a banger. To not toot our personal horn, however it was the second yr in a row that our shindig in Boston was packed, helpful and plenty of enjoyable. The espresso was even good. At a tech convention. Alex had notes.
Fairness is again on Monday, thanks for hanging out with us!
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