On today’s episode, TechCrunch’s Alex Wilhelm and Mary Ann Azevedo sit down with Cowboy Ventures’ Aileen Lee to chat through her massive new article concerning the unicorn world and why seed rounds are getting bigger.

Equity is a show about the business of startups, where we unpack the numbers and nuance behind the headlines. New episodes drop at 7 a.m. PT every Monday, Wednesday and Friday. Subscribe wherever you get your podcasts.

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