Why Robinhood tanked a crypto app’s valuation to re-enter the UK

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Listen to The Sifted Podcast on Apple, Spotify and all major platforms.

This week on The Sifted Podcast, we dive into the crypto slump specifically how crypto exchange Ziglu had its valuation cut in half by its buyer, Robinhood.

That means some Ziglu investors will lose 40% on their original investment, with one saying the startup’s directors should be ashamed for accepting the revised deal. We dig into what the companies are saying.

In happy news, Barcelona-based startup Microverse doubled its valuation this week. It’s one of a growing number of programs that use a model where students pay nothing to complete the course and repay their fees as a percentage of their salary once they start earning a certain wage.

We chat to Zosia Wanat, our central and eastern Europe reporter, about tech talent in Ukraine. 91% of Ukrainian founders now need financial support, according to a new report.

Then we stay with Zosia and discuss a story that came out last week why startups suck at talking to governments. We ask, should founders be lobbying more?

Finally, we talk to our reporter Kai Nicol-Schwarz about our latest community survey about mental health in startups. From burnouts to bro culture, we look at the data and share our experience at Sifted.

Find out on the Sifted Podcast. Listen here.

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