Good news for Rubrik, bad news for TikTok and medium news for early-stage startups

You don't have to be backed by a company to be successful

Rubrik's strong IPO prices and The warm reception by the public markets following the IPO reinforces the prospect that the public markets are not as closed to tech startups as some thought. If Rubrik's result isn't enough to break the deadlock, then maybe something else is going on.

But a lot more happened this week, which meant that the Equity As always, the crew had a lot of news to digest, with a little bit of our own news thrown in. Luckily, it was all quite interesting, so Mary Ann and Alex started with Rubrik before moving on to Pomelo, a startup with a very interesting spin on the money transfer market.

From there it was time to talk about TikTok. What was once an unfathomable outcome – TikTok was forced to spin off its parent company or face a ban – became a reality quite quickly. The United States isn't the first company to ban the service, but we noticed during the show that the company we're keeping isn't the most enticing. Yet here we are; what does it mean for consumers?

And to conclude: Early stage. JS held its annual early stage-focused event this year, and it was a blast. Not to toot our own horn, but it was the second year in a row that our party in Boston was full, useful, and a lot of fun. The coffee was even good. At one technical conference. Alex had notes.

The stock market is back on Monday. Thank you for working with us!

Equity is JS's flagship podcast, posting every Monday, Wednesday, and Friday, and you can subscribe to us Apple podcasts, Cloudy, Spotify and all casts.

You can also follow Equity on X And Wiresat @EquityPod.

For the full transcript of the interview, for those who prefer reading to listening, read on or check out our full episode archive at Simplecast.

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