When it comes to the news we love at TechCrunch, IPOs rank very high. Another piece of good news that happens less frequently than we would like is a startup buying another startup. These deals are often very attractive because they bring either a wealth of talent or technology to an already growing company, which can potentially accelerate it.
It was therefore with joy that the Equity Podcast team embarked on the automatic purchase of Beeper for $125 million. Recall that the parent company of WordPress bought Texts.com last year for $50 million. Elsewhere in deals, Proton purchased Standard Notes, and we recently discussed purchasing Wonderschool-Early Day. More please!
In the Deals of the Week section, Mary Ann chose Payjoy’s massive new run rate, while Alex wanted to riff on the Proxima Fusion cycle that could help bring the next energy revolution a little closer to reality.
To wrap up, we looked at Anna Heim’s latest insights on the growing number of Latin American startups participating in Y Combinator, which we think may have something to do with fintech’s fall from favor with investors – and fintech being the startup category with which we are most associated. Founder activity in Latin America.
Not that fintech is dead, far from it. But we’re certainly an ocean or two away from the heady days we’ve experienced in 2021. Equity is back Monday morning to jump-start your week! We’ll see you then!
Equity is TechCrunch’s flagship podcast and is published every Monday, Wednesday and Friday. You can subscribe to us on Apple Podcasts, Overcast, Spotify and all casts.
You can also follow Equity on X and Threads, on @EquityPod.
For the full transcript of the interview, for those who prefer to read rather than listen, continue reading or check out our full episode archive on Simplecast.
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