Every startup needs an in-house senate


Manage episode 295129714 series 1403606
By TechCrunch, Chris Gates, Alex Wilhelm, Danny Crichton, Natasha Mascarenhas, and Grace Mendenhall. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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

For this week’s deep dive, Natasha and Danny unpacked the Expensify EC-1, which includes a ton of surprises, building tips, and, as we discuss in the show, some life lessons as well. This is our largest EC-1 to date, and is the result of six months of prodigious work from the inimitable Anna Heim. Of course, we had to add our Equity spin on the feature and boiled down our favorite musings into a succinct episode.

Here's what we got into:

  • Expensify's silent period as a fun dynamic to deal with as reporters
  • There's always an Uber angle, and Expensify is no different when you realize its early roots are tied to entrepreneur Travis Kalanick's persuasion
  • How Expensify manages to stay slim, focus in a rural town in Michigan, and achieve profitability
  • Natasha asked if lack of structure negatively or positive impacts minorities and underrepresented folk, while Danny explained a nifty way that the company deals with promotions and raises.
  • Danny explained how re-writing the playbook might positively impact recruitment, and how joining Expensify doesn't come with your classic SaaS pitch.
  • And we end with a meta conversation on how society views work, and why neither of us went to spend the next 50 years with predictability.

Once you're done listening to the episode, make sure to check out Heim's EC-1 below:

And that's the show! Make sure to register for a seat at our FREE Equity live show next week, and follow us on Twitter @equitypod.

Until Friday!

424 episodes