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Venture

Beeper acquired by Automattic, the decline of fintech and YC’s lack of LatAm founders

techtost.comBy techtost.com12 April 202402 Mins Read
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Beeper Acquired By Automattic, The Decline Of Fintech And Yc's
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When it comes to news we love at TechCrunch, IPOs rank very high. Another great piece of news that comes around less often than we’d like is a startup buying another startup. These deals are often very interesting, as they either bring a wealth of talent or technology to an already growing company, potentially accelerating it.

So it was with pleasure that the Equity Podcast The crew dug into Automattic buying Beeper for $125 million. Remember that WordPress’ parent company bought Texts.com last year for $50 million. Elsewhere in deal-land, Proton bought Standard Notes and we recently discussed the Wonderschool-Early Day purchase. More please!

In the Deals of the Week column, Mary Ann picked on PayJoy’s massive new run rate, while Alex wanted to riff on the Proxima Fusion round that could help bring the next energy revolution a little closer to reality.

In closing, we looked at Anna Heim’s latest on Y Combinator’s growing number of Latin American startups, which we think may be related to fintech falling out of favor with investors — and fintech is the startup category with which we associate more Founding activity in Latin America.

Not that fintech is dead, far from it. But we’re certainly an ocean or two away from the heady days we saw in 2021. Equity is back on Monday morning to start your week! See you then!

Equity is TechCrunch’s flagship podcast and publishes every Monday, Wednesday and Friday. You can subscribe to us at Apple Podcasts, Cloudy, Spotify and all the cast.

You can also follow Equity at X and Threadson @EquityPod.

For the full transcript of the interview, for those who prefer reading to listening, read or view our full episode archive in Simplecast.

acquired Automattic Beeper decline Fintech founders lack LatAm Proton Proxima Fusion standard notes Stock podcast Y Combinator YCs
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