Why SPACs aren’t targeting African startups

One. That’s the number of African tech companies that have gone public on the NYSE in the last 10 years. Two, if you’re counting local exchanges. The former is African-focused e-commerce company Jumia and the latter is Egyptian fintech company Fawry. As a tech company, Fawry’s listing on the Egyptian Stock Exchange is a rarity. […]

Bird’s SPAC filing shows scooter-nomics just don’t fly

Scooter unicorn Bird is going public, per an agreement to merge with a special purpose acquisition company, or SPAC. After rumors and reports circulated for months about an imminent deal, it has finally arrived. First, a quick overview of the agreement and the players involved: Bird is merging with Switchback II at an implied valuation […]

Understanding the media company SPAC push

Sorry for all the SPAC coverage today, but a host of richly valued private companies that have an ocean of venture capital funds under their belt are going public. We have to pay attention. The market is more risk-on than you’ve been led to believe; SPACs are still hunting for deals. Earlier today, TechCrunch covered […]

The morality and efficacy of going public earlier

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. For this week’s deep dive Natasha and Alex and Chris dug into the world of the IPO. Not just the numbers and the metrics and the calculations of valuations at diluted, and non-diluted, share counts. No. We wanted to talk about the […]

The SPAC boom isn’t just here to stay, it’s changing consumer tech

Mike Murphy Contributor Mike Murphy is the founder and CEO of Rosecliff Ventures, a New York City-based investment firm focused on venture capital and private equity opportunities. Consumer technology is an inherently risky investment sector: even the best idea can fall flat if the story of the product is not sold properly to the end […]

Two investors weigh in: Is your SPAC just a PIPE dream?

Hope Cochran Contributor Hope Cochran is an investor at Madrona Venture Group, where she invests in early-stage fintech and ML/AI applications for the business environment. Ishani Ummat Contributor Ishani Ummat is an investor at Madrona Venture Group who focuses on sourcing and evaluating new investment opportunities, as well as supporting the growth and strategy of […]

The IPO market is sending us mixed messages

If you only stayed up to date with the Coinbase direct listing this week, you’re forgiven. It was, after all, one heck of a flotation. But underneath the cryptocurrency exchange’s public debut, other IPO news that matters did happen this week. And the news adds up to a somewhat muddled picture of the current IPO […]

Do you need a SPAC therapist?

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Danny and Alex and Grace were all here to chat through the week’s biggest tech happenings. It was yet another busy week, but that just means we had a great time putting the show together and recording it. Honestly, we had a […]

5 questions about Grab’s epic SPAC investor deck

As expected, Southeast Asian superapp Grab is going public via a SPAC. The combination, which TechCrunch discussed over the weekend, will value Grab on an equity basis at $39.6 billion and will provide around $4.5 billion in cash, $4 billion of which will come in the form of a private investment in public equity, or […]