[NEWS] Axios’ Dan Primack on ‘the most polarizing startup that exists’ – Loganspace

Hiya and welcome lend a hand to Equity, TechCrunch’s endeavor capital-focused podcast, where we unpack the numbers in the lend a hand of the headlines.

This week used to be quite special. In desire to assembly up at the TechCrunch HQ to file the episode,KateandAlexmet up in muggy Boston atWalk alongside with the traipse with the trek’sfeature of enterprise, where we linked up withAxios’sDan Primack. And since we were feeling chatty, we went quite lengthy.

After checking in with Primack (he hasa newsletteranda podcast), we first handled themost authorized from Tumblr. In instant, Verizon Media is selling Tumblr toAutomatticfor about a dollars. How did Verizon wind up proudly owning Tumblr? Ah. Neatly,Yahoo sold it. Later, afterVerizon sold AOL, itsold Yahoo. Then itsmushedthem together and known as itOath. Then Verizon determined that it didn’t like that great andrenamed the team Verizon Media. However Verizon doesn’t are attempting to maintain media (moreover TechCrunch, after all), so it sold Tumblr to Automattic, aendeavor-backedfirm glorious known for working WordPress.

That’s a lot, I know. What issues is thatYahoosold Tumblr for more than $1 billion. Verizon sold it forspherical $3 million. Now, Automattic has about a hundred novel workers and a shot at juicing its user sinful ahead of it goes public.

After that, we lamented that the WeWork S-1 had yet to appear. This used to be a tragedy, frankly. We had anticipated to utilize half of the level to riffing on WeWork’s financials, alas…

So we modified into to some usual fabric, like Ramp’smost authorized $7 million elevate to receive on Brex, and,SmartNews’s most authorized spherical,which gave it antake into story-popping $1.1 billion valuation.

We ran quite lengthy because we were having fun, fitting in some conversation surrounding the notes from the SEC concerning the now-dead and then-spurious Rothenberg Ventures. More on thatherefor of us that like to pray to receive offended.

And finally, Vision Fund 2. It’s been abig provide of pastimeforall americans on the level to, and we quiz no subject the second-act Vision Fund ends up changing into to be a massive rattling deal. The fund will invest in more than glorious person marketplaces; if truth be told, it’s eyeing more AI corporations and even biotech. That wants to be attention-grabbing.

All that and we have a lot more just true issues coming. Thanks for taking note of the level to, and we’ll be moral lend a hand.

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