Musk and Kardashian remind us to cease crying for the rich • TechCrunch

Howdy and welcome again to Fairness, a podcast in regards to the enterprise of startups, the place we unpack the numbers and nuance behind the headlines. Earlier than we get into this week’s present notes, some programming notes:

• First up, use code “EQUITY” for a particular listener low cost for Disrupt tickets. We’re mere weeks away, and you need to come hang around with us once we report on opening day!
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Alright, throat clearing apart, right here’s what we received into this week:

• $700M water? Yeah, the Liquid Loss of life spherical was a giant deal within the information this week as a result of everybody had an opinion on the matter. Us included. Whereas there’s good purpose to doubt the DTC mannequin at the moment — cough cough, public markets — Alex was available to face up for the, er, close to unicorn.
• How a lot must you pay your employees? From there it was time to speak about honest compensation, and the way a startup referred to as Complete needs to take a crack on the query. It simply raised $6 million.
• Duolingo goes buying! Sure, we’ve coated this firm earlier than. And, sure, it’s now public. However Duolingo snapping up one other firm gave us the prospect to yammer a bit about edtech extra usually, and we’re all the time going to take that likelihood.
• Naver, Poshmark, and Depop: Naver’s transfer to swoop up Poshmark is the story of two main corporations discovering union. However for the reason that Poshmark deal was just like the 2021-era Depop deal, it match into our remit. In spite of everything, Poshmark and Depop have been each enterprise darlings as soon as upon a time.
• Twitter, Elon, spherical 472: Since we recorded this podcast, there’s been much more Elon-Twitter information. God we’re uninterested in it.
• Kim Kardashian’s crypto challenge: Far be it from us to provide recommendation, but when you will take $250,000 to shill a shitcoin, do disclose the fee!

And that’s our present. We’re on an everyday schedule subsequent week, after which stay the week after!