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Hello and welcome to your friday. Did the week drag on or did it fly by? Or maybe you had the day off. Anyway, I’m here to bring you all the tech goodness of the day. Lesson of the day: “Don’t leak your data”
Oh and please support our colleagues Chain reaction and found Podcast: They Nominated for Webbyso please vote for them Until April 20th — Christine
TechCrunch Top 3
- It’s one of the spicy applications.: ByteDance’s latest hit, Lemon8, described by some as a cross between Instagram, Pinterest and Amazon, is now in the top 10 apps in the US. Rita Lemon8 says it’s similar to another app called Xiaohongshu, explaining why ByteDance got another page from the Chinese playbook.
- Get your unicorn horn ready: You’ll need a TechCrunch+ subscription to read the next article, but I promise it’s worth it. Alex We went looking for unicorn IPOs and returned a list of names.
- In a galaxy far, far away: If you’re a Star Wars fan, Disney+ will release a new series in 2024 called “The Acolyte.” Aisha wrote that this storyline takes place at the end of the High Republic era, before the events of the main Star Wars movie.
Startups and VC
Everyone needs good competition to be creative. KyleDevin and mannish We teamed up to look at Anthropic’s $5 billion four-year plan to fight OpenAI. Taking a look at the company’s pitch deck, the trio explain the business model that brings Anthropic there and the investors behind it.
To wrap up the week, as I mentioned yesterday, there was a group of us watching Y Combinator’s Winter 2023 demo day. While artificial intelligence and open source were big buzzwords on day one, day two left me wondering why cryptocurrencies are back and why accountants are suddenly gaining so much support.
VC Recommerce Startups: Let’s Pop Some Tags
![Assortment of used clothes](https://techcrunch.com/wp-content/uploads/2023/04/GettyImages-1392983528.jpg)
Image credit: Kinga Krzeminska (opens in new window) / Getty Images
Recommerce is soaring to new heights thanks to Gen Z’s interest in sustainable shopping, and VCs are looking for their turn.
Since Etsy went public in 2015, companies like Poshmark, The RealReal and thredUP have followed suit, attracting even more investors to the space. VCs poured about $6 billion into resale platforms last year, according to Cathay Innovation investor Brian Schwarzbach.
In a TC+ post, he explores three recommerce areas that attract VC funding and shares “some thoughts for founders building startups in this (re)emerging space.”
TechCrunch+ is a membership program that keeps founders and startup teams a step ahead. You can sign up hereUse code ‘DC’ and get 15% off your annual subscription!
Big Tech Co., Ltd.
Sometimes things don’t go according to plan. In India, the central bank has decided to suspend plans to counter the country’s dominant payment system, the unified payment interface. mannish The project, called New Umbrella Entity, has attracted interest from large corporations and financial institutions, calling for tenders for licenses to operate a new retail payment and settlement system across India in 2021. I just couldn’t get the frenetic sound that the Reserve Bank of India was looking for.
Catch the falling iPod and put it in your pocket…needle No music, videos, books, smartphones or smartwatches needed. I don’t know how you can read something that small. I think you get it.
In addition, there are five