You do not have to be venture-backed to achieve success

Rubrik’s sturdy IPO pricing and heat reception by the general public markets after its itemizing add extra weight to the angle that the general public markets will not be as closed to tech startups as some thought. If Rubrik’s outcome isn’t sufficient to interrupt the logjam, nicely, possibly there’s one thing else occurring.

However there was much more that occurred this week, which meant that the Equity crew had a pile of stories to get by as all the time, with a bit of little bit of our personal blended in. Fortunately it was all fairly darn fascinating, so Mary Ann and Alex began with Rubrik earlier than pivoting to Pomelo, a startup that has a really fascinating twist on the remittances market.

From there it was time to speak about TikTok. What was as soon as an unfathomable outcome — TikTok being pressured to divest from its father or mother firm or face a ban — grew to become actuality fairly darn rapidly. America shouldn’t be the primary firm to ban the service, however we famous in the course of the present that the corporate we’re retaining shouldn’t be probably the most engaging. Nonetheless, right here we’re; what does it imply for customers?

And to shut, Early Stage. For Millionaires held its annual early-stage targeted occasion this yr, and it was a banger. To not toot our personal horn, nevertheless it was the second yr in a row that our shindig in Boston was packed, helpful and plenty of enjoyable. The espresso was even good. At a tech convention. Alex had notes.

Fairness is again on Monday, thanks for hanging out with us!

Fairness is For Millionaires’s flagship podcast and posts each Monday, Wednesday and Friday, and you’ll subscribe to us on Apple Podcasts, Overcast, Spotify and all of the casts.

You can also observe Fairness on X and Threads, at @EquityPod.

For the complete interview transcript, for individuals who choose studying over listening, learn on, or take a look at our full archive of episodes over at Simplecast.