You don't need venture backing to succeed
Rubrik's strong IPO pricing and warm reception from the public market following its listing further reinforces the view that public markets are not as closed to tech startups as some think. If Rubrik's results aren't enough to break the chaos, there's probably something else going on.
But a lot more happened this week. So, as usual, the Equity staff had a mountain of news to tell, with a little bit of our own mixed in as well. Fortunately, it all turned out to be very interesting. So Mary Ann and Alex started at Rubrik before pivoting to Pomelo, a startup that put a very interesting spin on the money transfer market.
From there, the conversation turned to TikTok. What was once an unfathomable outcome, that TikTok would be forced to leave its parent company or face a ban, quickly became a reality. The US isn't the first to ban this service, but during the show we pointed out that the companies we keep aren't the most attractive. Still, what does that mean for consumers?
And the final stage is the early stage. TechCrunch held its annual early-stage event again this year, and it was a huge success. Not to congratulate myself, but our shindig in Boston was packed, informative, and a lot of fun for the second year in a row. The coffee was also delicious. At a technology conference. Alex had a note.
Capital returned on Monday. Thank you for your cooperation!
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