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Match Group's deal with OpenAI is just business with AI glitter on top | TechCrunch

Feb 23, 2024 - techcrunch.com
This article is a summary of a recent episode of Equity, a podcast that discusses startup businesses. In this episode, the hosts discuss a variety of topics including Reddit's upcoming IPO, which they plan to discuss in a future episode. They also talk about various deals of the week, such as PermitFlow's $31 million funding for the construction permitting market, and Match Group's partnership with OpenAI.

The hosts also discuss the potential for video game startups to be surprise winners in 2024, despite a current slowdown in funding. They mention that some companies, like Frost Giant, are turning to their communities for fundraising. The episode ends with a reminder that Equity is released three times a week and is available on various podcast platforms.

Key takeaways:

  • Reddit has filed to go public, but the discussion about its IPO will be held in a future episode of the Equity podcast.
  • PermitFlow raised $31 million to bring software to the construction permitting market, and Match Group has a tie-up with OpenAI.
  • There is ongoing governance drama with Klarna, a company expected to go public this year, with former Sequoia leader Michael Moritz winning the latest round.
  • Despite a slowdown in funding, video game startups like Frost Giant could emerge as surprise winners in 2024, with some turning to their own community for fundraising.
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