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this episode is presented by connection

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when

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it comes to itt connections got your see how at connection dot com

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hello and welcome back actually the

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techcrunch potash or we unpack the numbers

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and nuanced behind the headlines i'm

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toss my screen as and to them taking over

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for the wonderful all glommed who is

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on vacation so everyone who is reading

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and him don't tweeted him so we actually

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takes a break everyone else

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edits august fifteen twenty fifteen twenty

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and i'm super excited to be here to

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sort of my weekly podcast thing so

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before we jump into it i want to give a quick set up to

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l a tech week it is just starting

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a lot of a merging fund managers

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founders an entrepreneur that adam fallen

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for a long time will be there so i hope

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everyone enjoys obvious free to tip

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me interested things that you hair during that

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yup party tomorrow and everyone

0:57

else looks shop and talking about the market

1:02

perhaps upper income markets so the

1:04

sorry this morning that has influence and all

1:07

different sorts around the world is that china's

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central bank flushed to key

1:11

lending rates and those related

1:13

revived men and funding because a

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lot of the economy unexpectedly slowed

1:17

last month in july especially in industrial

1:20

output and property sector spaces are

1:22

they were flawed as well you have just factory

1:24

and we talked every in general have been squeezed

1:27

by a bunch of different factors as i don't need to list

1:29

are now but the banks choices already

1:31

having an impact the result asian

1:33

stocks are mixed and european soccer

1:35

recently down and plot use aqua

1:38

were also slightly lower this morning but

1:40

that is after a very positive

1:42

week and we are bracing for bigger retail

1:45

earnings this week thought that a lot more to come as

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always on the stock markets but

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as far as i have sex go mess

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but not oh no i'm

1:54

as an as far as crypto cause that core is currently

1:56

trading at twenty four thousand one hundred and

1:58

twenty three point

1:59

the zero theorem is trading at

2:02

one thousand nine hundred and two point two

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zero

2:07

there was some into our big ticket item

2:09

so here we are present in different i'm going to actually

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throw to amanda sobral and a senior

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culture writer at techcrunch and

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co host of wow if true

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podcast super go out every

2:20

wednesday to talk to the little

2:22

bit about bit about merger and

2:25

she's out a way to visit them he were into this so

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it's really interesting annum get her into her right

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last week the app monetization

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and marketing company app levin offered to

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merge with unity the most popular game

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engine for twenty billion dollars but

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there was a catch less than a month earlier

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unity had agreed to another merger deal

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with iron source a smaller competitor

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to app levin and a deal worth four

2:48

point four billion so apple

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others proposal was kind of shady

2:53

and probably tempting since unity

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is operating in the red right now but

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ultimately the initial agreement with iron

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source was found to be more beneficial

3:02

for unity shareholders even

3:04

though the literal dollar amount on the up

3:06

loving deal is higher my guess

3:08

is that unity stuff to would still have iron

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source because it gives the game engine more

3:12

control and as

3:14

tech crunches england london pointed out

3:17

emanate and be a good strategy to get a company

3:19

back on track and a rough market right

3:22

now unity need some help despite

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it's make a popularity in the gaming industry

3:27

hundred and good if not the only billion

3:29

dollar acquisition that has failed to go

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through this morning so news also

3:33

broke that galaxy digital pulled

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off at one point two billion dollar acquisition

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a bit go which is a crypto

3:40

custodian live you don't know too much but

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these companies it was actually the crypto sectors

3:44

first one billion dollar deal of those announced

3:47

that the height of this record token

3:49

price surge the packers falling apart

3:51

as a market reverses isn't a huge

3:53

surprise but of course a high profile deals

3:55

one point two billion dollars no longer happening

3:58

pretty insane and did you

4:00

want a piece of p and that the

4:02

reason it acquired some

4:04

what is because the san francisco bay sort up

4:06

bit go failed to provide as audited financial

4:09

statements for twenty twenty one

4:11

i

4:13

am pete i'm lazy manager slash

4:15

superhero heat and yes but

4:17

what happened

4:18

i put a very expensive latte

4:20

on top of my car drove off and it's

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failed

4:23

i was that my profile

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my laptop is up there to that's

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why we use connection services to manage our

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cloud everything is backed up i can access

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your stuff remotely, you won't miss a a meeting

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i really wanted that water hey heat

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for all your i t needs for,

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pete's sake, talk to the experts are connection

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i'm

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an

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i t today, i want to talk

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a heads up, we've been hacked, what

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happened? my

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password iv my birthday everyone

4:51

knows that february fourteen

4:53

why would a really good how these people think

4:55

of is

4:56

out i think i do have you ever

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updated it yes i changed

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it to valentine's day as okay we're

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protected with connection security services

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you just be more careful plunker yet

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for all your eyes he needs for peed

5:09

said talk to the experts a connection

5:14

okay so let's talk about syrups

5:16

this is a hard one to do that marine out they

5:18

really want to just kind of called both them up at

5:21

the same time for the most difficult and hear what they have

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to say about flow which is

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adam newman's new real

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estate focused cert up so unlike

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we work was you begin to really disrupt

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commercial real estate flow it's all

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about the rental real estate market

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the gold per head with and horwitz the lead investor

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in this latest round is about creating

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a bread or product with consistent service and community

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features center

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thing for many reasons and i wanna

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start with andreessen horowitz because i'm an early sees

5:49

venture reporter this is flows

5:51

first check or early for known

5:54

shag as a lot there so announces

5:56

morning marc andreessen it won't be taking a board

5:58

seat in the company of really it is

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the largest individual attack that andreessen horowitz

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says it has ever written in a round of funding

6:05

to accompany and a dining

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flow at more than one billion before the company

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has even opened it's doors the goal of flow

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i believe is to open and twenty twenty three

6:14

so unicorn valuation for

6:16

a repeat founder that of

6:18

course of the say it is not noncontroversial

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i mean adam and we work

6:23

has been acquainted with the beginning of

6:25

unicorn thing put in their place in kind of

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the height of hype overvalue way

6:29

said over promises the danger

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of venture putting into someone who

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is pitching vision more than reality

6:36

and a seed banter back and such a massive

6:38

way behind such a fraught

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honestly leader is is so surprising

6:43

i don't see it i think local who's other thoughts of isaac

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i'm i'm surprised to

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see is happening when the markets are reverse and i

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would not have been surprised to the is happening

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a year ago but i am today and

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i am really interested to see what flow story

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a going story be and and how it plans to

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actually make something equitable of an interesting

7:02

blog post he mentioned that the com be may

7:04

address because idea that people pay rent for decades

7:06

and own zero equity your is there

7:08

a way where renters can have security community

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and ownership and in better performing

7:12

a marker disagree with the idea of transformation

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of transformation going to consequences on the bender i'm

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at what we've learned from the we were close and what's

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going there i would love to sit down and talk to

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i'm newman about this new company and what he's learned

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as think in a super unbiased were a be

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a great idea so anyways i could

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talk about this unicorn forever and i'm sure we will

7:31

when marianne who is our prop tech reporter

7:33

on our equity friday episodes to stay tuned

7:36

but i want to pivot us away from

7:38

adam newman and real estate and now

7:40

i want to talk about ruin which wants to educate

7:43

patients with sourced information on

7:45

their condition and if that sounds familiar

7:47

and you're someone who's like me and will google

7:49

even if it's in their throat and walk away

7:51

either going to urgent care or the hospital

7:54

that totally makes sense i would they were really

7:56

wants to be and web m d alternative

7:58

but instead of getting this nice catch all

8:00

said the company has really jumping up

8:02

the gate with the differentiate are being all about

8:05

vetted information the goal

8:07

is really to reassure patients and

8:09

and source strictly from doctors patients and caregivers

8:12

not so much kind of a for them and more medical

8:14

education platform which is really interesting

8:16

player someone who used to cover ed tech the

8:18

company is starting with giving

8:20

information onto the brain tumor has two hundred active

8:22

users but it will eventually expand

8:25

to include data on dementia pediatric

8:27

cancer is l us oftentimes

8:29

i'd have to healthcare v c's they talked to a little

8:31

bit about productive halls and people kind

8:33

of well proactively taking care of

8:35

their health conditions i think things like ruin

8:37

our pretty useful of in terms of making that a reality

8:40

because i think we talk so much about let's

8:42

say financial literacy but i don't do

8:44

the same happening with healthcare literacy

8:47

so i have a lot of questions on praising and how brought

8:49

it goes but until now

8:51

all you need to know is that it exists and it just

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raised seven point five million point seed funding

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from first mark tm the the quip

8:58

so cheers to that end let's make healthcare better

9:03

i want to end with some quick hits a positive

9:05

and negative so also at the negatives we can and

9:07

on a positive because it is monday and we do need

9:10

to be productive the week so

9:12

the negative is that we're seeing yet another

9:14

laugh from peloton it has slashed

9:16

seven hundred and eighty jobs and as clothing

9:19

store as hiking prices i mean how

9:22

we respond part on sorry for a long time to

9:24

have a new ceo it has sat down

9:26

sasha limited it's bike creation

9:29

and and the fact that it is now formally

9:31

exiting last mileage as six causing

9:33

remaining warehouses and have shifting

9:35

delivery to others is a pretty insane

9:38

shift for the company is also

9:40

not the first last it's hard it's had

9:42

round aware of this your kind of continuing

9:44

this time we're seeing comical make their first

9:46

round realize that wasn't enough and and go deeper

9:49

and in some cases in part on case we're seeing even

9:51

more than two rounds happen so if i'm

9:53

in to watch that than than that i have to mention cause

9:55

even though we have news continues at it's proposals

9:58

were seeing getting put another really human

9:59

story that married a lot

10:01

the outcome of want to end with a

10:03

positive story which is that

10:05

the silicone peach is still rape

10:07

and that of not afraid of ever said

10:10

before thought so apologies of that sounds awkward

10:12

but what i have to say is at when adventure

10:14

ecosystem sand sand and bad

10:17

according to dominic missouri davis

10:19

from the techcrunch plus team saddam

10:22

pointed out that seats usual in the area

10:24

have remained steady in atlanta last

10:26

year and lana b c deals raised two hundred and

10:28

seventy one point seven nine million with

10:30

due to twenty twenty one alone witness in

10:33

one hundred and three million invested

10:35

from the twenty sixth seed states deal sir

10:38

hugh to twenty twenty two reached kind of a more

10:40

modest number so so so far

10:43

as seventy five but one two million but

10:45

the see deal zoom in on track to hit at least

10:48

two hundred million this year having raised one

10:50

hundred and sixty two point three one million

10:52

so far according to pittsburgh that

10:54

to me is a positive story and it's it's it's

10:57

reminder that as people and and by

10:59

people i mean investors skip more risk

11:01

averse they are still betting on the geography

11:03

that have made have massive progress during the pandemic

11:06

and let us federal because as much always then

11:08

smart full of insane talent that

11:11

you need to catch up for why the private i

11:13

don't mean and entrepreneurs are the

11:15

worth and companies there i mean it and more there intention

11:17

that now rightfully being pushed there

11:20

and i'll end with a quote from lisa

11:22

calhoun lisa general partner at bauer

11:24

ventures she said that there's been

11:26

there's pullback in valuations but there's absolutely

11:29

no lessening of entrepreneurial energies

11:32

the venture with as the going for as long time and

11:34

quote be fundamental basis of that

11:36

of are exceptional talent population

11:38

exceptional was ending with power and art for new energy

11:40

because if you listen to equity when said the so

11:43

that i lead i big beam

11:45

is one of the gonna take to get out for north

11:47

out starting company that raising

11:49

companies and i'm seeing in those companies a

11:52

lot to ask for during a time where a lot of things

11:54

are confusing and i love to feel the

11:56

energy and with that that the rats

12:01

you so much for being here with me this monday

12:04

i hope you have a wonderful search

12:06

the week you deserve it take a lot

12:08

get some sun drink water all the normal

12:10

things you can follow equity pod ah

12:13

equity bought on twitter you can follow

12:15

me i wish at natasha but know my handled

12:17

at and mask with the see underscore

12:20

as we have a everything from never have i ever

12:22

to the latest tech last that

12:24

you should know about and other than that

12:26

you will tear me on wednesday and friday

12:28

this thinks everyone

12:42

everyone fizzes lucas mapping and

12:44

i'm anita ramaswamy we're launching a new

12:46

tech friends podcast called chain reaction

12:48

digging into the world of crypto currencies

12:50

and if teas and web three crypto

12:53

, captured the attention of silicon valley's

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most influential investors and founders

12:58

were hyping it is the future the internet but

13:00

if a controversial vision and will still

13:02

dominated as games and

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in haiti unfolding block by

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block

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it's wait while unpack and explain the

13:09

latest news drama trends in plain

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english for the crypto syria will be

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learning alongside you fi interviewing so

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as the saudis and best serve entrepreneurs

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and skeptic along the way the pride

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now on your favorite podcast

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the up with the after looking