Crypto’s second bubble, Juul has 60 days and three Chinese language IPOs • TechCrunch

Good day and welcome again to Equity, TechCrunch’s enterprise capital-focused podcast the place we unpack the numbers behind the headlines.

After a long term of getting friends climb aboard every week, we took a pause on that entrance, bringing collectively three of our common hosts as a substitute: Connie Loizos, Danny Chrichton, and myself.

Regardless of the very fact that there have been simply three of us as a substitute of the same old 4, we acquired by way of a mountain of stuff. Which was good because it was a surprisingly busy week, and we didn’t wish to go away an excessive amount of behind.

Up prime we dug into the most recent within the land of crypto, which Danny had politely summarized for us in an article. The gist of his argument is that the analogies relating crypto as an trade to the Web may match, however most individuals have their timelines flawed: Crypto isn’t just like the Web within the 90s, maybe. Extra just like the 80s.

On the identical subject, crypto corporations formed a team lobbying effort, and a high-flying crypto fund is struggling to as soon as once more publish robust revenue figures.

Transferring alongside, Juul is again within the information. Not, nonetheless, for elevating more cash or posting fast progress. Effectively, type of the latter, as the federal government is after it. The Food and Drug Administration has put Juul on a countdown to get its act collectively relating to teenagers and smoking. That the financially impressive unicorn is in as a lot hassle as it’s, is sort of stunning.

Lastly, we ran by way of the three most up-to-date Chinese language IPOs that hit our radar. Right here they’re:

  • Meituan Dianping: The Tencent-backed group shopping for, supply, and every little thing firm raised over $4 billion in its debut, which was spectacular, but additionally in need of expectations. The agency received’t start buying and selling till the twentieth, nevertheless it’s yet one more large deal that acquired performed in 2018.
  • 111: We spent a minute on the present discussing what counts as a expertise firm due to 111. We voted that the Chinese language online-to-offline pharmacy startup did the truth is depend. So, it’s in our listing. Some notes on its debut could be discovered here.
  • NIO: Lastly on our listing was NIO, a Chinese language electrical automotive firm with, as we’ve mentioned on Fairness earlier than, an incredibly brief historical past of income era. Whether or not the corporate is a gamble or not, it did increase $1 billion in its personal providing. And its inventory is off like a rocket in addition.

And that was the top of issues. Thanks for sticking with us, as at all times. Talking of which, our one hundredth episode is arising. Who ought to we convey onto the present to have a good time?

Fairness drops each Friday at 6:00 am PT, so subscribe to us on Apple PodcastsOvercast, Pocket Casts, Downcast and all of the casts.

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