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Elons sick burn, Coinbase funding rumors, and VC hiring trends

Hello and welcome back toEquity, TechCrunchs venture capital-focused podcast, where we unpack the numbers behind the headlines.
This week was a treat. We had Danny Crichton in the studio. We had Connie Loizos in the studio. I was in the studio. And our guest, the excellentAndy McLoughlin, a partner at UnCork Capital, was in the studio as well.
Thus it was with much enthusiasm that we first got to talk about the latest Elon Musk tweetto move Teslas stock, causing the famous CEOs best-known company even more self-inflicted damage.
What a mess.
Happily, we had a whole show planned out before that happened, so after cleaning upMusks latest we tucked into a bit of our normal fare: big rounds, IPOs, and venture moves.
Up first was the $100 million Hopper round. For those unaware, Hopper is a travel-focused company that helps folks with flexible schedules get cheap tickets to fun places. Who these people are who have flexible schedules isnt clear to me at the moment, but Im sure someone, somewhere, isnt effectively their Google Calendars valet.
Also up this week: $165 million more for ZipRecruiter, and possibly $500 million more for Coinbase. A few thoughts. First, it was super interesting that this was only Zips second known round ever, and that Coinbases valuation could have been even higher than the rumor. Perhaps even 50 percent higher.
Scooting to the next, the impending Tencent Music IPO caught our fancy. Its going to be big, its going to be splashy, and the company actually makes money. What an odd trio of things! Yes, there are companies in the world that go publicand make money. Just not that many of them these days.
And finally. theres news out of the a16z fortress: a new partner rises. As Connie notes during the show, Andreessen as a firm has been on a bit of a hiring kick. Which is fair, frankly, as its not like the shop is short of cash.
That and a few jokes along the way were all that we had time for. Shout out to Andy for beingfun, and you, for sticking with the show. Chat soon!



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