Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines.
This week was fun for a few reasons. First, it was our own Connie Loizos’s first time leading, and it was our very first regular episode that included us recording remotely. I mention that as Matthew Lynley and I were in different places, meaning that we had a bump or two to smooth out. Your patience is more than appreciated.
Up first: A huge round for Rover, bringing even more money into the dog- and pet-focused space. As you’ll surely recall, this is not the first time that a tectonic sum has been disbursed into the pet-care vertical. Hell, Rover’s $155 million in new capital, while impressive, still can’t touch Wag’s epic $300 million infusion that happened earlier in the cycle.
While we were on the subject, another SoftBank-backed company made waves: Uber. Yes, our favorite and least favorite topic is back.
This time Uber released yet another grip of statistics relating to its financial performance in the first quarter. The big picture? More gross spend, more net revenue, smaller losses. But how you measure Uber’s pace of financial improvement depends on how you measure its losses and its remaining markets.
This being Equity, however, we couldn’t avoid the IPO topic. So, in order:
- A Foxconn subsidiary will soon be making big waves in China with a huge debut;
- A Dutch payments unicorn is going public on the back of great results;
- GreenSky went out, and did pretty OK, which was a change of pace from recent debuts.
All that and we had a laugh. Thanks for listening in, and we are back next week.