Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Our Monday show covers the latest in tech news from the weekend and what’s making headlines early in the week.
Earnings Season is Here
Earnings season has officially begun, and we’ll be hearing from some of the biggest names in tech this week, including Tesla and Netflix. Expect a lot of new data to drop in the coming weeks, as these companies share their financial results with investors. But what does it all mean for the future of web3 gaming?
The High Cost of Running a Social Media Company
If we were to combine all the headlines from the past few weeks, it’s clear that running a social media company in the modern era can be an extremely expensive proposition. Between the costs of hiring top talent, keeping up with evolving regulations, and investing in new technologies, it’s no wonder that many companies are struggling to turn a profit.
Regulation: A Double-Edged Sword
However, one thing to consider when evaluating the situation is how you view regulation. Some may see stricter regulations as a necessary step towards protecting consumers, while others may view them as an overreach of government power. Either way, it’s clear that running a social media company in today’s environment is no easy feat.
Funding to Web3 Gaming Companies Declined in Q3
Despite the challenges facing the industry, funding to web3 gaming companies actually declined in Q3, according to recent reports. While this may seem like bad news at first glance, it’s essential to put things into perspective. The decline was relatively modest compared to previous quarters, and many experts believe that the sector is simply experiencing a natural correction.
The Rest of the World is Not as Bereft
While the U.S. market may not be seeing as much activity in terms of IPOs, the rest of the world is not similarly bereft. In fact, many countries are seeing significant growth in their tech sectors, with web3 gaming companies leading the charge.
Creative Force’s Series A: A Funding Success Story
One company that has recently caught our eye is Creative Force, a web3 gaming studio that just closed a series A funding round. While we can’t disclose too many details about the deal, it’s clear that this company has something special to offer investors.
Equity Will Be Back Wednesday with a Killer Episode
Before we go, be sure to tune in to our next episode of Equity, which will be dropping on Wednesday. We’ll be diving into all things venture capital in Q3, so stay tuned for some fascinating insights and analysis.
For Episode Transcripts and More, Head to Equity’s Simplecast Website
For those who want to catch up on previous episodes or explore more content from the Equity team, head over to our Simplecast website. We’ve got transcripts, show notes, and plenty of other goodies waiting for you.
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A Killer Show That Interviews Founders and More
If you’re interested in crypto, don’t miss out on our sister show, which interviews founders and dives deep into the world of blockchain technology. It’s a killer show that’s not to be missed!
About Alex Wilhelm
Alex Wilhelm is a senior reporter for TechCrunch, covering the markets, venture capital, and startups. He’s also the founding host of TechCrunch’s Webby Award-winning podcast Equity.
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