Published On: Wed, Nov 13th, 2019

Axios’ Dan Primack on ‘the many polarizing startup that exists’

Hello and acquire behind to Equity, TechCrunch’s try capital-focused podcast, where we empty a numbers behind a headlines.

This week was a bit special. Instead of assembly adult during a TechCrunch HQ to record a episode, Kate and Alex met adult in humid Boston during Drift’s office, where we related adult with Axios’s Dan Primack. And since we were feeling chatty, we went a bit long.

After checking in with Primack (he has a newsletter and a podcast), we initial dealt with a latest from Tumblr. In short, Verizon Media is offered Tumblr to Automattic for a few dollars. How did Verizon breeze adult owning Tumblr? Ah. Well, Yahoo bought it. Later, after Verizon bought AOL, it bought Yahoo. Then it smushed them together and called it Oath. Then Verizon motionless that it didn’t like that most and renamed a organisation Verizon Media. But Verizon doesn’t wish to possess media (besides TechCrunch, of course), so it sole Tumblr to Automattic, a venture-backed association best famous for handling WordPress.

That’s a lot, we know. What matters is that Yahoo bought Tumblr for some-more than $1 billion. Verizon sole it for around $3 million. Now, Automattic has a few hundred new employees and a shot during juicing a user bottom before it goes public.

After that, we lamented that a WeWork S-1 had nonetheless to appear. This was a tragedy, frankly. We had approaching to spend half a uncover riffing on WeWork’s financials, alas…

So we incited to some normal material, like Ramp’s new $7 million lift to take on Brex, and, SmartNews’s new round, that gave it an eye-popping $1.1 billion valuation.

We ran a bit prolonged since we were carrying fun, wise in some review surrounding a records from a SEC per a now-dead and then-fraudulent Rothenberg Ventures. More on that here if we wish to get angry.

And finally, Vision Fund 2. It’s been a large source of seductiveness for everybody on a show, and we design whatever a second-act Vision Fund winds adult apropos to be a large damn deal. The account will deposit in some-more than only consumer marketplaces; in fact, it’s eyeing some-more AI businesses and even biotech. That should be interesting.

All that and we have a lot some-more good things coming. Thanks for listening to a show, and we’ll be right back.

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