Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.

Alex, Natasha and Mary Ann jumped on the mic, with Theresa on backup, to talk through the biggest headlines.

• We started with a look at the Figma-Adobe deal, worth some $20 billion. TechCrunch's news coverage is here, and Alex has more notes here.
• Deals of the Week: Maven, Patreon, and Modulous.
• We also spoke about the Launch House issue, and what to make of the model, and management of the company. The conversation naturally landed us on just what community is.
• From there, Europe! Which is seeing a wave a new venture funds, leading to some notable intra-continent competition.
• And then we wrapped with a short note on the latest on the Twitter-Musk deal.

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Equity drops every Monday at 7 a.m. PDT and Wednesday and Friday at 6 a.m. PDT, so subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts.

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.