Robinhood’s hangover, YC’s discount and Uber’s return to type – TechCrunch

Good day and welcome again to Fairness, a podcast concerning the enterprise of startups, the place we unpack the numbers and nuance behind the headlines.

Alex, Natasha and Mary Ann acquired along with Maggie this week for our weekly roundup present, and per traditional, there was quite a bit to speak about, together with the actual fact that there have been much more subjects than traditional to select from because the summer season slowdown appears to be fading away. 

What else did we get into? The next:

  • To kick off our Offers of the Week, we mentioned the truth that a startup which focuses on despair, suicidality and associated psychological well being circumstances is shopping for an organization known as KetaMD in an effort to increase its telehealth prowess and, specifically, to develop its tech-facilitated ketamine-based remedies. Don’t know what ketamine is? You’re not alone.
  • From there, it was time to speak about a brand new $100 million fund, which boasts some high-profile LPs and companions, that’s out to take a position solely in Latino(a) startup founders. We then dug into the hows and whys of a fintech firm that goals to get shoppers to deduct on a regular basis bills immediately from their paycheck – an idea that took us a bit to wrap our heads round.
  • We then moved on to Robinhood and the information that the retail funding behemoth had laid off 23% of its employees – simply 3 months after letting go of 9% of its workforce. The three of us had ideas on CEO Vlad Tenev’s acceptance of duty for the layoffs, and naturally, on simply how a lot dang information has surrounded the corporate prior to now 18 months or so.
  • Subsequent up? We chatted about Y Combinator’s considerably stunning choice to shrink its cohort by 40% – what that might imply for the early-stage enterprise scene. We additionally get into its elevated verify measurement and in-person return. So many variables! Just one experiment!
  • Lastly, we riffed about Uber and the way the corporate each reported constructive free money circulate and but was deeply unprofitable within the second quarter (due to Alex breaking that down for us). 

And we had a blast besides! See you subsequent time!

Fairness drops each Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all of the casts.

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