Equity Monday: A global selloff to kick off Disrupt week
by Alex Wilhelm from Crunch Hype on (#5PRN2)
Hello and welcome back to Equity, TechCrunch's venture capital-focused podcast where we unpack the numbers behind the headlines.
This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds and mulls over a larger theme or narrative from the private markets. You can follow the show on Twitter here. I also tweet.
A few things this morning:
- I shook up the show format a little, including how the script came together and how it was organized. Hit me up on Twitter if you have notes.
- Disrupt is this week, so strap thyself in for the best tech event of the year, coming to your living room. The Equity team is hosting - between the group of us - a zillion panels and one of the two stages. Come hang out with us. It's going to be one heck of a show.
- On the news front, the global stock market is taking a whacking. U.S. stocks are set to fall after European stocks went lower thanks to concerns that the Chinese property developer Evergrande and its constituent debt issues could spread to other parts of the market, possibly leading to contagion.
- Cryptos are also off sharply in the last 24 hours, so there seems to be little refuge in today's markets.
- A French hosting company is going public, an Indian used-car marketplace raised a boatload of cash and Amazon is investigating a bribe.
- And we are expecting IPOs from both Freshworks and Toast this week.
It's going to be a very busy few days. Pour some extra coffee, and get hyped.
Equity drops every Monday at 7:00 a.m. PST, Wednesday, and Friday at 6:00 a.m. PST, so subscribe to us onApple Podcasts,Overcast,Spotifyand all the casts!