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| Image Credits: Peter Dazeley / Getty Images |
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The TechCrunch Top 3 - Thatâs one a-spicy application: ByteDanceâs latest hit, Lemon8, which some describe as a cross between Instagram, Pinterest and Amazon, is now sitting among the top 10 apps in the U.S. However, Rita says Lemon8 is more like another app called Xiaohongshu and discusses why ByteDance may have taken another page from the China playbook.
- Get your unicorn horn ready: Youâre going to need a TechCrunch+ subscription to read this next one, but I promise, itâs worth it. Alex went unicorn IPO hunting and came back with a list of names, saying, âThe first group of upcoming potential unicorn IPOs is shaping up well.â
- In a galaxy far, far away: If youâre a Star Wars fan, Disney+ will debut a new series called âThe Acolyteâ in 2024. Aisha writes that this storyline takes place at the end of the High Republic era before the events of the main Star Wars films.
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Startups and VC Everyone needs some good competition to get the creativity flowing. Kyle, Devin and Manish teamed up to look at Anthropicâs $5 billion, four-year plan to take on OpenAI. Going through the companyâs pitch deck, the trio describe the business model that will take Anthropic there and the investors behind it. Wrapping up the week, as mentioned yesterday, there was a group of us watching Y Combinator’s Winter 2023 Demo Day. Artificial intelligence and open source were big buzzwords on Day 1, while Day 2 had us wondering if crypto is back and why accountants are suddenly getting a lot of love. |
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Thanks in large part to Gen Z’s interest in sustainable shopping, recommerce is soaring to new heights, and VCs are looking for the come up. Since Etsy went public in 2015, companies like Poshmark, The RealReal and thredUP followed suit, attracting even more investors to the sector. Last year, VCs flowed approximately $6 billion to resale platforms, writes Brian Schwarzbach, an investor with Cathay Innovation. In a post for TC+, he explores three recommerce areas attracting VC funds and shares “some food for thought for founders building startups in this (re)emerging space.” TechCrunch+ is our membership program that helps founders and startup teams get ahead of the pack. You can sign up here. Use code âDCâ for a 15% discount on an annual subscription! Read More |
| Image Credits: Kinga Krzeminska / Getty Images |
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Big Tech Inc. Sometimes things donât go as planned. In India, its central bank decided to press pause on plans it had for a rival to the nationâs dominant payment system, Unified Payments Interface. Manish writes that the project, called New Umbrella Entity, had made some traction, attracting interest from large companies and financial institutions, and inviting bids in 2021 for licenses to operate new retail payment and settlement systems across India. However, the project just failed to have that sizzle and pop that the Reserve Bank of India was looking for. Catch a falling iPod and put it in your pocketâ¦Harri reports on Appleâs patent application for what looks to be a teeny, tiny iPod that can do it all: music, videos and books, no smartphone or smartwatch needed. Though not sure how you can read on something that small. I guess weâll see. And we have five more for you: |
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