Circle raises $110, VCs hunt liquidity, and the Vision Fund’s possible twin – TechCrunch

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Hey and welcome again to Fairness, TechCrunch’s enterprise capital-focused podcast the place we unpack the numbers behind the headlines.

In the present day Matthew Lynley, Connie Loizos and I have been joined by Semil Shah, the founding father of seed-stage fund Haystack and enterprise accomplice at Lightspeed.

This week, we caught to our roots: large rounds, enterprise capital liquidity thirst, one IPO, two Imaginative and prescient Funds, and three scooter jokes. Perhaps greater than three, however who’s counting.

First up we took on Circle’s new $110 million spherical, working to know why the agency is elevating new capital at such an enormous valuation (~$three billion!). Additionally in play: Circle’s new lead investor isn’t a enterprise capital store, making the financial infusion all of the extra attention-grabbing. (Oh, and right here’s extra on the Foundation steady coin we introduced up.)

Subsequent, we chatted via NEA’s plan to lift a recent $1 billion to purchase a whole lot of its stakes in startups which have but to search out an exit, permitting it, presumably, to return a piece of capital to its personal buyers. The transfer is doubtlessly fraught with battle, we expect, however maybe it’s additionally the way in which of the longer term.

After that, it was time for an IPO break. Lynley had simply acquired off the horn with the CEO we went via Pluralsight’s IPO that priced on Wednesday and began buying and selling on Thursday. Brief model: it went nicely.

Capping off this specific episode was a rundown of the potential for a brand new Softbank Imaginative and prescient Fund. What’s higher than elevating a half-squillion dollars? Elevating a full squillion dollars.

So drink up, tech world. There’s nonetheless loads of cash to go round.

Fairness drops each Friday at 6:00 am PT, so subscribe to us on Apple Podcasts, Overcast, Pocket Casts, Downcast and all of the casts.

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