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Home»Fintech»Robinhood’s hangover, YC’s reduction and Uber’s return to form – Fintech
Fintech

Robinhood’s hangover, YC’s reduction and Uber’s return to form – Fintech

August 5, 2022Updated:August 5, 2022No Comments3 Mins Read
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Fintech’s fever can’t make up its mind – TechCrunch
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Whats up and welcome again to Fairness, a podcast concerning the enterprise of startups, the place we unpack the numbers and nuance behind the headlines.

Alex, Natasha and Mary Ann acquired along with Maggie this week for our weekly roundup present, and per ordinary, there was rather a lot to speak about, together with the very fact that there have been much more subjects than ordinary to choose from because the summer season slowdown appears to be fading away. 

What else did we get into? The next:

  • To kick off our Offers of the Week, we mentioned the truth that a startup which focuses on melancholy, suicidality and associated psychological well being circumstances is shopping for an organization known as KetaMD in an effort to increase its telehealth prowess and, particularly, to increase its tech-facilitated ketamine-based therapies. Don’t know what ketamine is? You’re not alone.
  • From there, it was time to speak about a brand new $100 million fund, which boasts some high-profile LPs and companions, that’s out to speculate solely in Latino(a) startup founders. We then dug into the hows and whys of a fintech firm that goals to get shoppers to deduct on a regular basis bills straight from their paycheck – an idea that took us a bit to wrap our heads round.
  • We then moved on to Robinhood and the information that the retail funding behemoth had laid off 23% of its employees – simply 3 months after letting go of 9% of its workforce. The three of us had ideas on CEO Vlad Tenev’s acceptance of duty for the layoffs, and naturally, on simply how a lot dang information has surrounded the corporate previously 18 months or so.

Robinhood CEO Vlad Tenev took duty for the corporate’s over-hiring in 2021 and subsequent mass layoffs – two to this point in 2022. Do you view this as a uncommon show of humility, or one thing else? And if that’s the case what??

— Mary Ann Azevedo (@bayareawriter) August 2, 2022

  • Subsequent up? We chatted about Y Combinator’s considerably stunning resolution to shrink its cohort by 40% – what that might imply for the early-stage enterprise scene. We additionally get into its elevated test dimension and in-person return. So many variables! Just one experiment!
  • Lastly, we riffed about Uber and the way the corporate each reported optimistic free money movement and but was deeply unprofitable within the second quarter (due to Alex breaking that down for us). 
See also  A look back at the world of fintech in 2022 • Fintech

And we had a blast besides! See you subsequent time!

Fairness drops each Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all of the casts.



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