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Sam Altman’s wager against Slack


Hey and welcome reduction to Fairness, TechCrunch’s enterprise capital-centered podcast, the place we unpack the numbers tedious the headlines.

This week Kate and Alex broke the dialogue into two vital points. The primary dealt with early-stage companies, and the second, as you’ll maybe nicely additionally think about, later-stage affairs. Don’t worry, we don’t purchase to SoftBank for fairly some time.

Up high, we dug into Kate’s yarn about Quill, a previously stealthy firm that may nicely be taking on Slack. That or one thing an very like Slack

. Subsequent, we turned to ManiMe, a startup within the surprise location that raised a smaller $2.6 million spherical to amass on a market that is valued within the billions.

After that it become as soon as time to go the auspices of the early-stage market and stir to, of all issues, a public firm. Grubhub reported earnings this week. It went poorly. Alex wished to riff over the corporate’s earnings narrative and what it would maybe nicely imply for startups which might maybe be competing with Grubhub, a fundamental within the meals start location that DoorDash and Postmates would seize to handbook themselves.

What affect Grubhub may nicely preserve on the extremely valued on-request companies isn’t sure however, nonetheless would maybe be reasonably rattling entertaining to gaze when it does land.

Sticking to the later-stage markets, Alex dug into the issues at Wag, which is struggling and making an attempt for a sale regardless of elevating a fort of cash from the Imaginative and prescient Fund. Kate adopted that up with notes on issues at Katerra. The Data is reporting this week that the trade goes through a special of layoffs, and we’re questioning if this is able to nicely possibly undergo the an equivalent future of a few of SoftBank’s diversified investments.

And, at closing, the altering face of issues at SoftBank itself. The colossal cash spigot is slowly slicing flow into. What variety of unicorns that may strand isn’t however sure. Nonetheless unquestionably it can’t be zero.

Fairness drops each Friday at 6: 00 am PT, so subscribe to us on Apple Podcasts, Overcast, Spotify and the whole casts.

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