INSUBCONTINENT EXCLUSIVE:
Unlike yesterday, however, Equity brought along a guest: Sean Dempsey from Merus Capital
(Merus writes seed and Series A checks, with a focus on enterprise companies.)And thus the three dove into the news
The public markets, however, decided that the unicorn had reached too high.So, shares of the high-end exercise company dropped, wrapping the
A good IPO first day this was not, though the company did manage to raise more capital than it might have with more conservative pricing
(Peloton has a yucky multi-class share structure that we touched on as well; it seems that all the big companies these days are opposed to
regular governance.)Next we turned to the Vox-NYMag merger
After all, the two of us have spent our entire careers in digital media and we have a vested interest in these companies surviving.WeWork
(Redux)We honestly tried to get all the WeWork out of our system yesterday
We wanted to include zero WeWork content on this episode
But WeWork keeps doing things, so here we are.Keeping things as brief as we can, WeWork is going to divest some companies that it bought
(more on what we thought it was up to, here) including its jet, and the firm is looking to take on more capital
Downcast and all the casts.
