Each day Crunch: ‘Copy-from-China’ social media app Lemon8 squeezes its method into US high 10


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Hey, and welcome to your Friday. Did the week drag on, or did it go by shortly for you? Or perhaps you had as we speak off. Regardless of, I’m right here to convey you all of as we speak’s techy goodness. The lesson for as we speak: “Don’t ever leak knowledge.”

Oh, and help our colleagues over on the Chain Response and Discovered podcasts: They had been nominated for a Webby, so please help them with a vote by April 20. — Christine

The TechCrunch Prime 3

  • That’s one a-spicy software: ByteDance’s newest hit, Lemon8, which some describe as a cross between Instagram, Pinterest and Amazon, is now sitting among the many high 10 apps within the U.S. Nevertheless, Rita says Lemon8 is extra like one other app known as Xiaohongshu and discusses why ByteDance might have taken one other web page from the China playbook.
  • Get your unicorn horn prepared: You’re going to wish 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 a listing of names, saying, “The primary group of upcoming potential unicorn IPOs is shaping up effectively.”
  • In a galaxy far, distant: If you happen to’re a Star Wars fan, Disney+ will debut a brand new sequence known 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 principle Star Wars movies.

Startups and VC

Everybody wants some good competitors to get the creativity flowing. Kyle, Devin and Manish teamed up to have a look at Anthropic’s $5 billion, four-year plan to tackle 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 bunch of us watching Y Combinator’s Winter 2023 Demo Day. Synthetic intelligence and open supply had been massive buzzwords on Day 1, whereas Day 2 had us questioning if crypto is again and why accountants are instantly getting lots of love.

VCs to recommerce startups: Let’s pop some tags

An assortment of used clothes

Picture Credit: Kinga Krzeminska (opens in a brand new window) / Getty Photographs

Thanks largely to Gen Z’s curiosity in sustainable procuring, recommerce is hovering to new heights, and VCs are in search of the come up.

Since Etsy went public in 2015, corporations 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’ll be able to join right here. Use code “DC” for a 15% low cost on an annual subscription!

Massive Tech Inc.

Typically issues don’t go as deliberate. In India, its central financial institution determined to press pause on plans it had for a rival to the nation’s dominant cost system, Unified Funds Interface. Manish writes that the challenge, known as New Umbrella Entity, had made some traction, attracting curiosity from massive corporations and monetary establishments, and welcoming bids in 2021 for licenses to function new retail cost and settlement techniques throughout India. Nevertheless, the challenge simply didn’t 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 software for what seems 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 now we have 5 extra for you:



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