[NEWS] Why Om Malik thinks ‘the VC subsidized life is over’ – Loganspace

Hiya and welcome reduction to Equity, TechCrunch’s venture capital-centered podcast, the attach aside we unpack the numbers in the help of the headlines.

This week we had the tubby Equity workers on hand to dig during the week’s news, helmed byKate ClarkandConnie LoizoswithAlex Wilhelmin the studio too. Plus,Om Malik, afeeble scribblerandlatest venture capitalist, joined us to riff on the latest.

Earlier than we dig into what we lined, a limited hiss from the crew: As this episode goes outbefore Uber will alternate, we’ll possess any other episode coming to you day after at the momentafterthe madness. Set tuned.

Uberpriced its IPO at $Forty five per shareupright before we hit file, so we first touched on the closing pricing of what must soundless be the 365 days’s biggest tech IPO. Pricing towards the decrease-live of its differ, Uber might presumably be setting itself up for a solid first day. Or,test became as soon as decrease than expected following Lyft’s streak. Either system, Uber will alternate day after at the moment as a public company at final. Om predicts Uber and Lyft rides will rating tons of more costly in the next eighteen months, so opt onto your hats, the long term for riders and drivers alike is… unclear.

Subsequent, we debated Harry’s exit to Edgewell Non-public Care. The notify-to-consumer razor supplier sold this week for better than $1 billion in a deal harking reduction to the Dollar Shave Club’s sale to Unilever. From there, we spoke aboutthe latest from the Luckin Espresso IPO. The news, in transient, is that its IPO is shifting ahead. Subsequent up is pricing, we’ll map determined to focus on any updates on the podcast.

In large deal news, Carta closed a $300 million spherical. Connie has realized loads about the alternate in latest weeks and it appears, Om wishes he became as soon as an investor!

At final,Cruise’s latest new spherical, and thecapital wants of self sustaining using. As all of us instant agree, it’s an costly alternate and now now not one which will rating more cost effective. Nevertheless, on condition that so many firms are engaged on the tech, we hope it works out. Especially Om, who doesn’t possess a driver’s license, it appears.

All that and we had an very perfect time! Chat day after at the moment!

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