We’re starting an experiment for Extra Crunch members that puts the words of our wildly popular venture capital podcast, Equity, in your eyes instead of your ears.
This week, the team discussed Y Combinator moving to San Francisco, Airbnb acquiring HotelTonight and an infusion of cash into the ride-hailing industry.
But maybe you don’t like podcasts. Or maybe you don’t subscribe to Equity yet (why not?). Below is the transcription of this week’s episode so you can read what you’ve been missing.
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Kate Clark: Hello, and welcome to Equity. I am TechCrunch’s Kate Clark, and I’m joined this week by Alex Wilhelm from Crunchbase News.
Alex: Hey Kate. How are you?
Kate Clark: I’m good. It’s nice to have you in studio this week.
Alex: It is. It’s raining here. It’s terrible. The weather is not what I expected when I moved here seven, six years ago, but I don’t know, we’re still in the middle of the universe of tech, so it’s not that bad.
Kate Clark: I’m a Seattle-ite, so I try not to complain about the rain, but this is really annoying.
Alex: All right, one more thing on that. I’m from Oregon, and I left there for a reason, and now I’m back in, and the weather has followed me. Anyways.
Kate Clark: Yep, that’s how I feel. All right. Well, there’s a ton of news this week, so I want to hit on a few things just right off the bat.
Kate Clark: Let’s start with Precursor Ventures. Precursor Ventures is a pre-seed fund led by Charles Hudson. They have closed a $31 million fund this week, which is double the size of their debut fund.
Alex: This is fun, because the first fund was actually 15.3 million, so it’s just ever so slightly more than double, but they probably shot for roughly double, and what’s cool is we were going back through the archives, and Charles Hudson, the kind of main person at Precursor was a guest back in June of 2017, which means that Equity is officially old.
Alex: That’s terrifying. Moving on, Coral Capital has raised $46 million for itself, and this is interesting, because of its pedigree. Kate, what was it before it was called Coral Capital?