Welcome back to this week’s transcribed edition of Equity, TechCrunch’s venture capital-focused podcast that unpacks the numbers behind the headlines. We’re running an experiment for Extra Crunch members that puts the words of our wildly popular venture capital podcast, Equity, in your eyes instead of your ears.

This week, Kate Clark and Alex Wilhelm recorded an emergency episode to discuss Lyft’s IPO, which debuted Friday. The crew has been talking about the ridesharing company for a long time and this week, it closed its first day of trading up 9% after a 21% opening pop. So if you don’t like podcasts but still want the goodness that is Equity, you can have a read of this week’s episode below. It’s been edited for clarity.

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