That’s capitalism, baby
Reading Time: < 1 minutesHello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.
Here’s what we got into today:
- Deals of the Week: Layoffs at Cameo, where fintech valuations are today and where they are going, and Egnyte’s slow-burn path to an IPO.
- The end of VanMoof: Raising a lot of money doesn’t necessitate a startup’s success. Such is the case with VanMoof, which raised nine-figures and built and sold e-bikes. Now it is no more, and we have questions.
- CEO turnover: As the CEO of OnlyFans steps down, the gang dug into when a CEO can or should step down. Certainly some companies do best, for example, with long-term leadership by a founder. But not all.
- Generative AI and the writer’s strike: It turns out that we’re bigger South Park fans than we knew as a group, but that’s not really the point. What matters is that a recently released ‘AI-generated’ episode of the show is driving a conversation today concerning how critical — or not — humans are to the creative process. Google is also busy here.
And that’s the end of the week! Equity is back on Monday! Chat soon!
Reference: https://techcrunch.com/2023/07/21/thats-capitalism-baby/
Ref: techcrunch
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