Equity Monday: Three funding rounds and a downturn

Good morning friends, and welcome back to

TechCrunch’s Equity Monday

, a short-form audio hit to kickstart your week.

If you missed

Friday’s main episode

, it was a fun one so take the time if you have the minutes; we’re settling into a new hosting lineup that is shaping up to be our best ever, so we’re having a blast even if we have to record remotely instead of in the same room.

This morning was a bit of a mixed bag. The world is still in pretty bad shape as societies and governments work to combat COVID-19 and the private and public markets convulse. But there was still news to be found, so we hit on a few key news items, including: The

return of HQ Trivia at a perfect time

, Microsoft’s booming cloud services demand

and the return of tech layoffs.

Not all news was bad, however, as we looked at three early-stage funding events and three seed rounds from

Indo

, Kaizo

, and Lanistar

.

Looking ahead left us little joy other than to note that it is very nearly earnings season; Q1 2020 business results should prove to be the most interesting in memory given how much the world changed during the three-month period. Regardless of whether or not you care about the financial side of business or not, it’s going to be a wild ride.

Wrapping today, unicorn layoffs are back in a big way. Bird, TripActions, ZipRecruiter, and others are cutting staff in big chunks. A lot of folks hired to help companies scale look pretty expensive when growth turns negative; layoffs suck and a struggling economy is crap for everyone, but the business cycle is real, so it’s not a huge shock to find ourselves here today. We’re going to cover the cuts, but only with a grimace and good thoughts for the laid off.

And that’s it for this week. Other than that

the new Trivium single is epic

, we’re out of here.

Equity drops every Monday at 7:00 AM PT and Friday at 6:00 am PT, so subscribe to us on

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