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Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

Natasha took over Equity Monday this week alongside Grace, as Alex enjoys some always-deserved vacation. Thankfully, there was way too much to get into. So much so that I recommend you listening to this podcast immediately before a whole news cycle breaks.

Here’s what we got into:

As always, you can follow Equity on Twitter @equitypod, and me at @nmasc_. We are back Wednesday! Chat soon!