Equity podcast: sofi loses its ceo, big rounds for unicorns, and will this vc buy the iphone x?

Equity podcast: sofi loses its ceo, big rounds for unicorns, and will this vc buy the iphone x?


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Hello and welcome back to Equity, TechCrunch’s venture-capital themed podcast that we are bringing _live_ to Disrupt SF next Wednesday. All the cool kids will be there to chat numbers and


heckle. This week Katie Roof, Matthew Lynley, and myself — Alex Wilhelm — were joined by Accel’s Jake Flomenberg to dig through the biggest news of the week. And news there was. We turned


first to SoFi, a consumer-finance unicorn that has raised more than a billion in equity, and over $2 billion in total. The company is now down a CEO after allegations of misconduct brought


censure upon its CEO, Michael Cagney, and the company’s culture. Cagney’s exit from the company left the following New York Times headline: _“‘It Was a Frat House’: Inside the Sex Scandal


That Toppled SoFi’s C.E.O.“_ But there was more than one unicorn active this week. Magic Leap is on the hunt for more capital, and if it raises the $500 million it wants, the secretive AR


shop will bring its total capital raised to nearly $2 billion. Blue Bottle sold most of itself to Nestle at a $700 million valuation for around $500 million. And, Wish is picking up another


$250 million at around an $8 billion valuation. To summarize: The rich and unprofitable become richer and (perhaps) more unprofitable. And as a treat, we spent a few minutes on the Apple


event because in tech, no matter your beat, Apple Week is Apple Week. _Equity drops every Friday at 6:00 am PT, so subscribe to us on iTunes, Overcast, Pocketcast, Downcast and all the


casts._