Good news for Rubrik, bad news for TikTok and new average for Early Stage startups
![Good news for Rubrik, bad news for TikTok and new average for Early Stage startups Good news for Rubrik, bad news for TikTok and new average for Early Stage startups](https://i1.wp.com/techcrunch.com/wp-content/uploads/2023/03/tiktok-us-flag.jpg?resize=1200,770&w=1200&resize=1200,770&ssl=1)
You don’t need to be venture capital funded to succeed
Rubrik’s strong IPO price and The warm reception the public markets received after its listing adds further weight to the idea that the public markets are not as closed to tech startups as some thought. If Rubrik’s result isn’t enough to break the logjam, well, maybe there’s something else going on.
But there was a lot more going on this week, which meant the Equity team had a pile of news to deal with as always, with a bit of our own mixed in. Luckily, it was all pretty darn interesting, so Mary Ann and Alex started at Rubrik before joining Pomelo, a startup that has a very interesting twist on the remittance market.
From there, it was time to talk about TikTok. What was once an unfathomable outcome – TikTok being forced to divest from its parent company or face a ban – became reality quite quickly. The United States is not the first company to ban the service, but we found on the show that the company we keep is not the most enticing. But what does this mean for consumers?
And finally, Early Stage. TechCrunch held its first annual edition even this year, and it was a success. Not to brag, but this was the second year in a row that our party in Boston was packed, helpful, and a lot of fun. The coffee was even good. HAS technical conference. Alex had notes.
Fairness is back on Monday, thanks for spending time with us!
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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 at Simplecast.
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