Growth isn't enough
On Equity we unpack the numbers behind the headlines. This quarter's earnings cycle and the Q3 IPO rush brought us a smaller team this week, with Grace and Chris joining us. It was a bit busy.
There is a note that we are having a lot of fun with, before we get to the topics. A hacky way to capture local audio and also share the chats live has been found. You can hang out with us if you hit us up on social media.
We can even bring you up on stage to host. To the great list of subjects: Robinhood went public. It is done, at long last.
The company priced at $38 per share, the low end of its range, and had a weak day of trading. The price of its IPO seems to have left zero fat on the table. It is public and rich.
There's more here. The earnings! We talked about the earnings reports from Microsoft andAlphabet.
What's the reason? We care a lot about the platform companies. We talked about public cloud results and what Shopify was doing.
You need batteries! The company is moving toward iron-based batteries. At the same time, battery recycling is raising lots of cash and Nikola is still alive.
It's two truths and a lie. Contentful raised $175M at a $3B valuation from Tiger for its content delivery service; Squire tripled its valuation (again) with Tiger Global; and Class quashed acquisition rumors with SoftBank Vision Fund. Two healthtech investments stood out, namely rounds from Oova and Peppy.
The idea that hormonal health is a massive opportunity is shared by both startup. If you're interested, we did an entire show about the imbalanced world of hormones. Luckily for you all, we ended on a musical note.
Equity goes down on Monday at 7 a.m. Thursday, Friday and Saturday are all at 7 a.m. You can subscribe to us on Apple, Overcast, and all the casts."