00:29:35 · Kirsten Korosec, Anthony Ha
[00:29:35] S1: But it'll be interesting to see what happens. [00:29:37] S0: Oh, also, if anyone wants more detail about what actually happened, we had the CTO of Wiz on Equity last week, so go check that out. [00:29:44] S1: Yeah. You know what is another big trend? Is micro dramas, and that leads us to our last deal. And I actually had no idea the numbers were this big. So it's another one of those where I was like, oh, wow. Okay. I need to adjust my thinking here. Apparently, more than a 118,000,000 users watch microdramas every month as a serialized format. Elo Elo Story TV just raised $80,000,000 in a series c from Hornbill Capital and NBCUniversal. And who knew that so much money could be made on microdramas? [00:30:20] S0: I'm mostly just excited because, you know, one of my... The millions of different roles I had at TechCrunch was as a media and entertainment reporter. And it just felt like for so long, you know, every VC... And, you know, NBCUniversal is in a VC. But the, like, the idea of investing in a media startup was so laughable that, obviously, who would do this? There's so many more lucrative and promising areas to invest in. And so it's exciting to see that that media companies can can raise money again, albeit from other media companies rather than from VCs.
00:30:20 · Anthony Ha, Sean O’Kane, Kirsten Korosec, S3
[00:30:20] S0: I'm mostly just excited because, you know, one of my... The millions of different roles I had at TechCrunch was as a media and entertainment reporter. And it just felt like for so long, you know, every VC... And, you know, NBCUniversal is in a VC. But the, like, the idea of investing in a media startup was so laughable that, obviously, who would do this? There's so many more lucrative and promising areas to invest in. And so it's exciting to see that that media companies can can raise money again, albeit from other media companies rather than from VCs. [00:30:50] S2: Quibi redeemed. Jeffrey Katzenberg wasn't wrong. He was just too early. So true. Well, you know what? That feels like as good a place as ever to end my final episode of the Equity podcast. We... It's been a pleasure doing this with you guys. But, you know, the the show will go on, and Equity Pod will be back next week. Follow along at Equity Pod on X and threads, and it's been a real one. Thanks, y'all. [00:31:19] S1: Thank you. Bye, Sean. We're gonna miss you. [00:31:23] S3: Equity is hosted by TechCrunch senior reporters and produced by Teresa Loconzola with editing by Cal. Subscribe on YouTube or wherever you get your podcasts and find out what's next at techcrunch.com/events. Thanks so much for listening, and we'll talk to you next time.