Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast which is something we unpack the numbers behind the headlines.
This week we were back in the studio with Connie Loizos and myself hanging out with Jai Das, a managing director at Sapphire Ventures. Our beloved Matthew Lynley was off the coming week, but he’ll be getting back for the next episode.
This week we had an good register of things to get at, first of which was Lyft’s recent store passage. This time Lyft accreted to itself Motivate, a bike-sharing corporation that operates various programs in municipalities like New York City and San Francisco.
The context for the transaction is threefold. First, Lyft only raised a parcel of money for effectively diddly dilution. Second, Uber bought Jump and there is no FOMO in the market today like ridesharing FOMO. And third, scooters now hides in the background of any and every ridesharing conference, so the big browses are on a bit of defense.
The sum is that Uber and Lyft now own bicycle companionships, which find a little bit 2017.
But moving along Unicorn Row we swiftly noted ourselves at the door of Airbnb, which is prepping for a 2019 -2 020 IPO and a change to its personnel comp meter, the latter due to its age and a market tendency that Das noted concerned employee comp and stockholder dilution.
In other bulletin, Airbnb needs a CFO, so if you are in the market, that’s who to call.
Next up was Automation Anywhere’s epic $250 million Series A, which fetched the application process-automation corporation to a valuation of $1.8 billion. The conglomerate facilitates fellowships execute repetition application duties at a fraction of the costs of having humen click the buttons.
So fire up your vape or simply reached play and we’ll be right back in seven days.