Good day and welcome again to Fairness, TechCrunch’s enterprise capital-focused podcast the place we unpack the numbers behind the headlines.
This week we had the total crew within the studio together with a buddy. The wonderful Connie Loizos hosted, and Matthew Lynley and I had been each on as nicely, together with our visitor this week: Graham Brown, a associate at Lerer Hippeau, an early-stage enterprise fund primarily based in New York.
We took a barely totally different tack this episode. Sure, scooters got here up, however we’ve got some later-stage notes that must be a welcome reprieve for normal listeners. Additionally, no crypto!
Up first was the Uber-Lime deal. Lime, one of many two home scooter darlings, raised a brick of new capital not too long ago, together with monies from ridesharing large Uber. Getting a tie-in with Uber does two issues. First, it dramatically raises the profile of Lime domestically as it will probably maybe faucet into the Uber buyer base. Second, it places strain on Lyft (an Uber competitor) and Chook (a Lime competitor) to do a deal themselves.
We weren’t certain if these two would hyperlink up, however hey, it’s 2018 and nothing is not possible.
Transferring alongside we took a peek at the epic scale of recent enterprise funds being raised. At situation is how these funds are going to have a shot at placing up venture-tier returns. Or is IRR kaput? We additionally chatted over some enterprise outcomes from the second quarter, together with a fast scan of some numbers from my workforce regarding the US and international enterprise markets.
Lastly, we masticated over a current WSJ article regarding Vista Fairness Companions’ work ingesting SaaS corporations, lopping off prices, and dealing to spice up development. It issues, because the market is presently seeing extra money move into software program corporations which might be a bit extra slowly rising. The rising costs that less-attractive corporations are managing to command is an efficient indicator of the market’s present warmth.
And if in case you have a minute, hearken to the bonus clip after the closing stuff. We’ll be again in every week!