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Hi there, and welcome to your Friday. Did the week drag on, or did it go by rapidly for you? Or perhaps you had immediately off. Irrespective of, I’m right here to convey you all of immediately’s techy goodness. The lesson for immediately: “Don’t ever leak data.”
Oh, and help our colleagues over on the Chain Reaction and Found podcasts: They had been nominated for a Webby, so please support them with a vote by April 20. — Christine
The TechCrunch High 3
- That’s one a-spicy application: ByteDance’s newest hit, Lemon8, which some describe as a cross between Instagram, Pinterest and Amazon, is now sitting among the many prime 10 apps within the U.S. Nonetheless, Rita says Lemon8 is extra like one other app referred to as Xiaohongshu and discusses why ByteDance might have taken one other web page from the China playbook.
- Get your unicorn horn ready: You’re going to want a TechCrunch+ subscription to learn this subsequent one, however I promise, it’s value it. Alex went unicorn IPO searching and got here again with an inventory of names, saying, “The primary group of upcoming potential unicorn IPOs is shaping up nicely.”
- In a galaxy far, far away: When you’re a Star Wars fan, Disney+ will debut a brand new sequence referred to as “The Acolyte” in 2024. Aisha writes that this storyline takes place on the finish of the Excessive Republic period earlier than the occasions of the primary Star Wars movies.
Startups and VC
Everybody wants some good competitors to get the creativity flowing. Kyle, Devin and Manish teamed up to take a look at Anthropic’s $5 billion, four-year plan to take on OpenAI. Going by the corporate’s pitch deck, the trio describe the enterprise mannequin that may take Anthropic there and the buyers behind it.
Wrapping up the week, as talked about yesterday, there was a gaggle of us watching Y Combinator’s Winter 2023 Demo Day. Synthetic intelligence and open supply had been big buzzwords on Day 1, whereas Day 2 had us wondering if crypto is again and why accountants are immediately getting quite a lot of love.
VCs to recommerce startups: Let’s pop some tags
Thanks largely to Gen Z’s curiosity in sustainable buying, recommerce is hovering to new heights, and VCs are in search of the come up.
Since Etsy went public in 2015, firms like Poshmark, The RealReal and thredUP adopted swimsuit, attracting much more buyers to the sector. Final yr, VCs flowed roughly $6 billion to resale platforms, writes Brian Schwarzbach, an investor with Cathay Innovation.
In a publish for TC+, he explores three recommerce areas attracting VC funds and shares “some meals for thought for founders constructing startups on this (re)rising area.”
TechCrunch+ is our membership program that helps founders and startup groups get forward of the pack. You can sign up here. Use code “DC” for a 15% low cost on an annual subscription!
Huge Tech Inc.
Generally issues don’t go as deliberate. In India, its central bank decided to press pause on plans it had for a rival to the nation’s dominant cost system, Unified Funds Interface. Manish writes that the undertaking, referred to as New Umbrella Entity, had made some traction, attracting curiosity from giant firms and monetary establishments, and alluring bids in 2021 for licenses to function new retail cost and settlement programs throughout India. Nonetheless, the undertaking simply did not have that sizzle and pop that the Reserve Financial institution of India was in search of.
Catch a falling iPod and put it in your pocket…Harri reviews on Apple’s patent application for what looks to be a teeny, tiny iPod that may do all of it: music, movies and books, no smartphone or smartwatch wanted. Although undecided how one can learn on one thing that small. I suppose we’ll see.
And we’ve 5 extra for you: