Brex and the curse of having too much money

Listen here or wherever you get your podcasts.

Hello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

Today was something a bit special. Not only did we have Mary Ann, Kirsten and Alex aboard for the show, we were also lucky enough to have Karyne Levy join us. Karyne is a treasured part of the TechCrunch+ family, has a history of video journalism, and will be coming on the podcast with some frequency in the future. She’s the best!

Here’s what we got up to on our Friday show:

Deals of the Week: Plural has a new $432 million fund, Vroom is no longer in the car selling business, oddly, and we chatted through the Fantuan-Chowbus deal. From there we turned to fintech (generally) and Brex (more specifically). In short, Brex is a big company today but not one that is having a lot of fun at the moment, it appears. With reports indicating that its growth has slowed and its burn remained sticky, it recently cut staff. To close, we dug into why it might be edtech might not be in the dire straits that many presume that it is. A recent TechCrunch+ investor survey finds notable pockets of enthusiasm in the sector. AI, as you may have heard, is a big deal.

That’s our week concluded! We start back up on Monday morning! See you there.