Whats up and welcome again to Equity, TechCrunch’s enterprise capital-focused podcast the place we unpack the numbers behind the headlines.
That is Fairness Monday, our weekly kickoff that tracks the most recent large information, chats concerning the coming week, digs into some current funding rounds and mulls over a bigger theme or narrative from the non-public markets. You may observe the present on Twitter here and myself here — and don’t overlook to take a look at last Friday’s episode that features some high-quality Quibi jokes, if I recall appropriately.
- Headlines this morning that caught our eye included falling world inventory markets within the wake of rising COVID-19 instances; SAP torched tens of billions of market cap by missing earnings expectations and cutting its forecast; and Ant Group will raise a bajillion dollars in its impending IPO.
- In unicorn information, Databricks is prepping an IPO that we already know a lot about. And Airbnb’s shares are splitting forward of its personal IPO, a deal that we are expecting any day now.
- The PrimaryBid round was super cool, with TechCrunch protecting the $50 million deal. I spoke with the corporate’s CEO final week concerning the deal, sharing a few of these notes on the present. And VSPN raised nearly $100 million in an esports spherical that was greater than cool.
- On the SAP entrance, right here’s the query: Is the earnings miss and forecast miss a one-off, or one thing that quite a lot of tech corporations are going to undergo from? If the previous, it’s not that large of a deal. If the latter, SAP may very well be the harbinger of a reset in tech valuations.