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Who knew you could get a $500 million valuation without launching a product? | Equity Podcast

AI agent startup /dev/agents announced a massive $56M seed round, putting the company’s valuation at a whopping $500 million. The amount is impressive given the company won’t have a first version of its product available until at least early next year. The reason behind investors’ trust, however, becomes a bit clearer when you consider the…

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AI agent startup /dev/agents announced a massive $56M seed round, putting the company’s valuation at a whopping $500 million. The amount is impressive given the company won’t have a first version of its product available until at least early next year. The reason behind investors’ trust, however, becomes a bit clearer when you consider the founders’ pedigree:  /dev/agents’ co-founders were both on Google’s Android team during the early days of the smartphone era.

The round, as well as whether or not to include “slash” when pronouncing the company’s name, was the first of many deals discussed on today’s episode of TechCrunch’s Equity podcast. 

Listen to the full episode to hear hosts Margaux MacColl, Devin Coldewey and Anthony Ha dig into:

• How Yurts plans to become the DoD’s go-to AI integration platform and compete with AI chatbot the Pentagon is developing itself.
• Why ServiceTitan’s IPO keeps getting weirder and if it’s a sign of IPOs to come. 
• The latest wave of VC turnover, including Brian Singerman’s choice to step back from Founders Fund and Sriram Krishnan’s departure from a16z, and where they’re going next. The crew was left wondering if we’ll see other investors following in Krishnan’s footsteps. 
• Strange AI. Who is David Mayer? And why does ChatGPT hate him so much?

Equity will be back next week, so stay tuned!

Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo, and posts every Wednesday and Friday. 

Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We’d also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.

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People & Blogs

Even if you’re not a gardener, its time to get your hands a little dirty #TEDTalks

Many gardeners work hard to maintain clean, tidy environments … which is the exact opposite of what wildlife wants, says ecological horticulturist Rebecca McMackin. She shows the beauty of letting your garden run wild, surveying the success she’s had increasing biodiversity even in the middle of New York City — and offers tips for cultivating…

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April 18, 2026

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Many gardeners work hard to maintain clean, tidy environments … which is the exact opposite of what wildlife wants, says ecological horticulturist Rebecca McMackin. She shows the beauty of letting your garden run wild, surveying the success she’s had increasing biodiversity even in the middle of New York City — and offers tips for cultivating a garden that can be home to birds, bees, butterflies and more.

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People & Blogs

How I Created OpenClaw, the Breakthrough AI Agent | Peter Steinberger | TED

OpenClaw creator Peter Steinberger takes us back to the transformative moment he let his AI agent loose on the internet, igniting one of the world’s fastest-growing open-source projects. He makes a fascinating (and slightly unnerving) case that agents are a real shift, not just better versions of chatbots, and explores how they might reshape your…

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April 18, 2026

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OpenClaw creator Peter Steinberger takes us back to the transformative moment he let his AI agent loose on the internet, igniting one of the world’s fastest-growing open-source projects. He makes a fascinating (and slightly unnerving) case that agents are a real shift, not just better versions of chatbots, and explores how they might reshape your ability to work, build and create. “The lobster is loose, and it’s not going back into the tank,” he says. (Followed by a brief Q&A with TED Chairman Chris Anderson) (Recorded at TED2026 on April 16, 2026)

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Bloomberg Technology

Arm CEO on Proposed California Wealth Tax: Not a Good Thing

Arm CEO Rene Haas warns a proposed wealth tax in California could drive top entrepreneurs out of Silicon Valley. “I don’t think it’s a good thing if it drives really smart people outside the valley,” Haas tells Bloomberg’s Tom Mackenzie. This interview was recorded on March 23 for “Bloomberg Tech: Europe.” ——– Like this video?…

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Arm CEO Rene Haas warns a proposed wealth tax in California could drive top entrepreneurs out of Silicon Valley. “I don’t think it’s a good thing if it drives really smart people outside the valley,” Haas tells Bloomberg’s Tom Mackenzie.
This interview was recorded on March 23 for “Bloomberg Tech: Europe.”
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