Welcome back to this week’s transcribed edition of Equity, TechCrunch’s venture capital focused podcast that unpacks the numbers behind the headlines. We’re running an Extra Crunch member experiment that puts the words of our popular venture capital podcast, Equity, in place of your ears.
This week, Kate Clark and Alex Wilhelm filmed an emergency episode to discuss Lyft’s IPO, which debuted on Friday. The team has been talking about the rideshare company for a long time and this week it closed its first trading day up 9% after an open of 21%. So if you don’t like podcasts but still want how great Equity is, you can read this week’s episode below. It has been edited for clarity.
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Kate Clark: Hello and welcome to Equity. I’m tech savvy, Kate Clark and I joined today for the news from Alex Wilhelm from Crunchbase.
Alex Wilhelm: Hello everyone.
Kate Clark: How are you doing?
Alex Wilhelm: We have been doing a lot of Equity lately. I almost feel bad, but all the IPOs we’ve been waiting for are here too, so I’m a little excited and happy.
Kate Clark: I mean yeah. A couple of additional episodes is the least we can do, given that one of the most anticipated IPOs was completed today. But I think we’re all a little relieved that the Lyft extravaganza has reached a point, well, I think it’s not over now, we just need to report on their earnings.
Alex Wilhelm: Yes. But I want to say that at least this part of the story is complete. Like we’ve been talking about eventually going public quarterly now. Now it’s just that Lyft had a good or bad quarter, it’s a two minute story and we can move on.
So it’s good to have gotten here. But we can go back to the beginning and there are not many steps, Kate, although even though you and I have been tracking almost religiously, but for many people it is probably not that close. So I thought we could go back to the beginning of the Lyft public ride and have everyone review the numbers, if that makes sense.