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How to blow through capital at an incredible rate

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.

It was yet another jam-packed week full of big-hearted news, IPO happenings and jeopardize act. As ever, we’ve done our best to deliver the gist on what’s been going on. We had Alex Wilhelm and Danny Crichton on hand to handle it all, which went medium-good. In other Equity news, we’re back with guests over the next few weeks, so if you miss us having a venture capitalist along for the journey, horror not, their return is just around the corner.

Up top the coming week was Jon Shieber’s report that Kleiner Perkins has rapidly deployed its most recent fund, a $600 million vehicle. While the information felt surprising, burrowing back through our archives we were reminded that the house had indicated it might set its uppercase to work swiftly. Still, as Danny pointed out, it’s rare that venture capitalists have to go out raising from LPs on an annual basis.

Kleiner Perkins has already blown through much of the $600 million it elevated last year

After that, we turned to some funding rounds that braced our courtesy, including the Free Agency round that is working to bring talent management to the technology industry same to the plays and recreation worlds.

Free Agency wants to give every tech employee a career and wage enhance

The concept realizes some ability, as compensation packages for top ability in the industry can widen into the seven-figures( Free Agency takes a 5-10% cut of an employee’s income abusing the increasingly popular income-share agreements ). Also, this round felt a bit like a remembrance that the labor market is close-fisted at the moment.

How income share agreements will activate the increase of vocation accelerators

We then moved on to Josh Constine’s story about” Ring for enterprise” startup Verkada, which gave rise to a massive $80 million round at a $1.6 billion valuation. That’s eye-popping, since the extremely tiny dilution showed with those multitudes( 5 %) is very rare in the venture world.

Verkada grows $80 M at $1.6 B to be every building’s security OS

After that we turned to a few rounds that Alex has had his eye on, namely the somewhat-recent Insurify round, the pretty-recent Gabi round and the most-recent Policygenius. All told, they sum to $ 150 million, which offset us be asked, why are venture capitalists so into insurance marketplace startups?

Finally, we stroked on the most recent from the intra-SoftBank delivery war between DoorDash and Uber Eats, including who is impacted, and what it means for future consolidation in the on-demand world. Or more accurately, why hasn’t there been more?

Finally, don’t remember that IPO season is upon us. Are you caught up?

Equity slips every Friday at 6:00 am PT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.

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