Equity

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.Natasha and Danny and Alex and Grace were all here to chat through the week’s biggest tech happenings. It was a busy week on the IPO front, Danny was buried in getting the Tonal EC-1 out, and Natasha took some time off. But the host trio managed to prep and record a show that was honestly a kick to record, and we think, a pleasure to listen to!So, for your morning walk, here's what we have for you: The Substack conversation: Does the new $65 million check make sense? What is Substack? Does it have a moat? Why is Natasha's URL so much better than Alex's? Cameo raised $100 million and none of us really have a bone to pick with that. Danny actually argues in favor of it. The Clubhouse conversation: Does every single product need to feature live audio? The answers appears to be yes, oddly enough. Discord comes up along with Spotify, as does LinkedIn. And somehow, Microsoft E