This week, we revisit one of our favourite episodes. After years of mega-deals and mega-money gushing into start-ups, venture capital fundraising hit a record-high last year. Now, the FT’s Richard Waters says the fundraising bonanza is over and helps us explore what that means for the future of start-ups.  Clips from Looney Tunes: ⓒ Warner Bros.  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Venture capital’s silent crash: when the tech boom met reality Klarna’s valuation crashes to under $7bn in tough funding round Venture capital’s delayed rendezvous with reality - - - - - - - - - - - - - - - - - - - - - - - - - -  On Twitter, follow Richard Waters (@RichardWaters) and Michela Tindera (@mtindera07) Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.

The crypto exchange FTX was supposed to be among the “credible” players operating in digital finance. But its swift descent into bankruptcy shocked the financial industry. The FT’s asset management correspondent Josh Oliver explains what went wrong, and markets editor Katie Martin tells us what it says about the future of crypto.  Clips from CBS, ABC - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: How Sam Bankman-Fried seduced blue-chip investors DD goes forensic on FTX: A deep dive into the crypto collapse that has stunned finance FTX held less than $1bn in liquid assets against $9bn in liabilities Hedge fund admits half its capital stuck on FTX exchange - - - - - - - - - - - - - - - - - - - - - - - - - -  On Twitter, follow Josh Oliver (@joshckoliver), Katie Martin (@katie_martin_fx) and Michela Tindera (@mtindera07)  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.