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{"id":28562,"date":"2023-04-07T21:42:03","date_gmt":"2023-04-07T21:42:03","guid":{"rendered":"https:\/\/scienceandnerds.com\/2023\/04\/07\/techcrunch-roundup-yc-demo-day-faves-thrift-shop-vcs-cybersecurity-product-challenges\/"},"modified":"2023-04-07T21:42:05","modified_gmt":"2023-04-07T21:42:05","slug":"techcrunch-roundup-yc-demo-day-faves-thrift-shop-vcs-cybersecurity-product-challenges","status":"publish","type":"post","link":"https:\/\/scienceandnerds.com\/2023\/04\/07\/techcrunch-roundup-yc-demo-day-faves-thrift-shop-vcs-cybersecurity-product-challenges\/","title":{"rendered":"TechCrunch+ roundup: YC Demo Day faves, thrift shop VCs, cybersecurity product challenges"},"content":{"rendered":"

Source:https:\/\/techcrunch.com\/2023\/04\/07\/techcrunch-roundup-yc-demo-day-faves-thrift-shop-vcs-cybersecurity-product-challenges\/<\/a><\/br>
\nTechCrunch+ roundup: YC Demo Day faves, thrift shop VCs, cybersecurity product challenges<\/br>
\n2023-04-07 21:42:03<\/br><\/p>\n

\n

You don\u2019t need to move to San Francisco to launch a startup, but working here does have some advantages: moderate weather, natural beauty, great food, and sure, the world\u2019s largest concentration of venture capital.<\/p>\n

Y Combinator\u2019s Demo Day took place this week<\/a>, and although the event itself was virtual-only, 86% of the founders in YC\u2019s winter 2023 batch lived in SF while participating.<\/p>\n

The ongoing AI boom is a contributing factor: 54 of the 282 companies in this cohort \u201care specifically building generative AI startups,\u201d reported Natasha Mascarenhas.<\/p>\n

\n

Full TechCrunch+ articles are only available to members
Use discount code TCPLUSROUNDUP<\/strong><\/a> to save 20% off a one- or two-year subscription<\/i><\/p>\n

\n

In keeping with tradition, TechCrunch staffers selected their favorites from the latest batch.<\/p>\n

Please note that these are for entertainment purposes only, as \u201cwe\u2019re not offering investing advice or recommending anyone join or back a startup.\u201d<\/p>\n

Thanks very much for reading. Have a great weekend!<\/p>\n

Walter Thompson
Editorial Manager, TechCrunch+
@yourprotagonist<\/a><\/p>\n

VCs to recommerce startups: Let\u2019s pop some tags<\/h2>\n
\"An<\/p>\n

Image Credits:<\/strong> Kinga Krzeminska (opens in a new window)<\/span><\/a> \/ Getty Images<\/p>\n<\/div>\n

Thanks in large part to Gen Z\u2019s interest in sustainable shopping, recommerce is soaring to new heights, and VCs are looking for the come up.<\/p>\n

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, according to Brian Schwarzbach, an investor with Cathay Innovation.<\/p>\n

In a post for TC+, he explores three recommerce areas that are attracting VC interest and shares \u201csome food for thought for founders building startups in this (re)emerging space.\u201d<\/p>\n

Funds offering \u2018friends and family\u2019 checks could bring the change underrepresented founders need<\/h2>\n
\"Black<\/p>\n

Image Credits:<\/strong> Overearth \/ Getty Images<\/p>\n<\/div>\n

America\u2019s long-standing wealth gap between white and Black households contributes to the lack of diversity among startup founders.<\/p>\n

Median liquid wealth for a Black family in the U.S. is $3,630, but that figure soars to $79,000 for a white family. As a result, \u201cthe average Black founder raises less than around $1,000 from family and friends,\u201d reports Dominic-Madori Davis.<\/p>\n

Since the average friends and family round is $23,000, \u201cthey\u2019d need to secure the entire liquid wealth of six Black families\u201d for parity, according to a white paper by venture fund Fifth Star.<\/p>\n

Pitch Deck Teardown: Smalls\u2019 $19M Series B deck<\/h2>\n
\"Smalls<\/p>\n

Image Credits:<\/strong> Smalls (opens in a new window)<\/span><\/a><\/p>\n<\/div>\n

Subscription cat food startup Smalls has raised $34 million since launching in 2017.<\/p>\n

Now, the company has 50 employees, plans to open a cat caf\u00e9 and is eyeing an expansion into retail. Its founders shared their Series B deck with TC+, minus \u201cspecific details to the company\u2019s valuation and current revenue.\u201d<\/p>\n