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TechCrunch
4 hours ago
- TechCrunch
How a Y Combinator food delivery app used TikTok to soar in the App Store
The internet trend is simple: A friend or family member looks into the camera and tells viewers, in a slightly aggressive tone, that they are about to witness a presentation and that they had better be nice. That's what Kendall, the sister of Lucious McDaniel IV, did, and after she stepped aside, her brother pitched his company, BiteSight, a food delivery app that lets users watch videos of food before ordering. It also lets customers see what their friends have ordered and bookmark places to try out. The app plays on how young people engage with content — through short-form videos and recommendations from friends. McDaniel posted the video and went back to work. Fifteen minutes later, his sister texted him that their post was going viral. 'We were at 20,000 views in 15 minutes,' McDaniel told TechCrunch. Excitement came, but then chaos ensued as 'parts of our app started to break as we got more users.' The engineering team worked around the clock to keep BiteSight functional, while McDaniel took to making TikToks about the chaos, which ended up going viral, too. He said people loved the 'authenticity' behind seeing what happens when 'your app explodes overnight.' The video of McDaniel presenting this idea has since amassed almost four million likes on TikTok and a quarter of a million on Instagram, joining a trend of young entrepreneurs using TikTok and Instagram Reels to gain traction and deal flow. McDaniel told TechCrunch that the idea to make this video came after watching a friend partake in the same internet trend for his dating app. 'It got over a million views, and he suggested I try it for BiteSight.' McDaniel, who is 24, said he, like many young people, realized he was eating too much takeout, ordering from the same three places because he couldn't discover new restaurants on delivery apps. 'I'd hit this wall of identical-looking restaurants with stock photos, and somehow every place had 4.6 stars.' Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW He started keeping a spreadsheet of restaurants he'd found on Instagram and TikTok, tracking actual reviews, and seeing what his friends thought about said places. 'When I realized other people were doing the exact same thing, my co-founder Zac and I decided to build something better: an app that actually reflects how we discover food today,' he said, referring to Zac Schulwolf, the company's CTO. McDaniel is no stranger to the tech industry. He previously worked at General Atlantic, where one of his main focus areas was restaurant technology. He previously founded a payments company called Phly, led product for a recruitment software, and has even angel invested in a few companies, including the fintech Mercury. McDaniel and Schulwolf, 25, spent over a year building BiteSight, including participation in the Winter 2024 cohort of YCombinator. They then did a limited beta around New York University in April. In mid-May, the company launched an early version and did a bit of social media marketing. In June, they made their viral video. 'What made our video stand out was that what we are building resonates,' said McDaniel, who is BiteSight's CEO (also known as chief eating officer). He added that 'it's clear that consumers, and especially Gen-Z, are ready for something that feels fresh and built for the way they engage.' After the video, BiteSight briefly became #2 in the App Store's Food and Beverage category, bypassing Uber Eats, Starbucks, and even McDonald's. McDaniel said the app also gained more than 100,000 new users and, though the app is only available in New York at the moment, people in other cities started messaging for a nationwide release. On the restaurant side, McDaniel said everyone from small family-owned spots to chain restaurants has reached out to partner and, of course, 'we've had a surge of investor interest from folks who see that this is where food delivery is going.' He declined to comment on the size of any upcoming funding deals, except to say he expects to have news to share soon. Of course, BiteSight has a lot of big, well-funded competition like DoorDash and UberEats. McDaniel believes, however, that being a startup in the age of AI will be his advantage. For example, while most of its competitors needed hundreds of engineers in their early days, BiteSight can work with AI tools that perform 10x the work of a human for much less of the cost. 'By using AI to avoid massive overhead and infrastructure costs, we can do much more with much less and pass on the savings to the small business owners and customers who need it most while still maintaining healthy margins,' he said. What also differentiates BiteSight is its focus on food and video, rather than other categories at the moment. 'We're trying to be the go-to app for the generation that discovers everything through social recommendations and short-form video.'


TechCrunch
4 hours ago
- TechCrunch
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After two years as a venture capitalist for top shelf firm Benchmark, Victor Lazarte is leaving that company to start his own investing gig, he announced on X on Thursday. Lazarte became known in tech for co-founding mobile gaming company Wildlife Studios, which was last valued at an estimated $3 billion in 2020. Wildlife raised money from a multitude of VCs, including Benchmark. During his two years at Benchmark, Lazarte invested in recruiting and data labeling startup Mercor, AI video intelligence platform HeyGen, and AI infrastructure company Decart AI. Lazarte is leaving Benchmark to 'build a new investment practice,' he wrote in the post. He had recently informed his portfolio companies about his plans to leave Benchmark, according to a source. Lazarte is the second investor to step down from Benchmark's partnership this year. Sarah Tavel, announced in April that she is transitioning to a venture partner. After Lazarte's departure remaining partners at the storied firm include Peter Fanton, Eric Vishria, and Chetan Puttagunta. Unlike most VC firms, where senior partners typically receive a greater share of management fees and profits, Benchmark operates as an equal partnership, with all general partners dividing fees and returns equally. Benchmark and Lazarte did not immediately respond to our request for additional comment. Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW


TechCrunch
5 hours ago
- TechCrunch
Intel continues to pull back on its manufacturing projects
Intel CEO Lip-Bau is making progress on his plan for the company to shed its inefficiencies. And that includes spiking several manufacturing projects. The semiconductor giant reported Thursday in its second-quarter earnings report that it will delay, and in some cases, not move forward with multiple manufacturing projects. Specifically, Intel said it was no longer going forward with its previously-announced projects in Germany and Poland. Those projects included an assembly and testing facility in Poland and a chip factory in Germany. Both projects have been sitting in limbo since being suspended in 2024, shortly after being announced. The company also plans to consolidate its test operations in Costa Rica and concentrate these operations to its sites in Vietnam and Malaysia. 'Unfortunately, the capacity investment we make over the last several years were well ahead of demand and were unwise and excessive,' Tan said on the company's second-quarter earnings call. 'Our factory footprint has become needlessly fragmented. Going forward, we will grow our capacity based solely on the volume commitments and deploy capex lockstep with the tangible milestones, and not before.' Intel also said it was going to further delay its $28 billion Ohio chip factory. The factory was initially supposed to open in 2025, and was already delayed once this year in February. The second quarter was the first full quarter with Tan at the helm of Intel. He was named CEO of the semiconductor company on March 12 and started the role a week later. Shortly after, Tan said his plan was to eliminate inefficiencies at the company by selling off its non-core units and streamlining operations. 'We have much work to do in building a clean and streamlined organization, which we have started in earnest, and is remain an area of focus for me during Q3,' Tan said on the Q2 earnings call. 'Our goal is to reduce inefficiencies and redundancies and increase accountability at every level of the company.' Techcrunch event Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. Tech and VC heavyweights join the Disrupt 2025 agenda Netflix, ElevenLabs, Wayve, Sequoia Capital — just a few of the heavy hitters joining the Disrupt 2025 agenda. They're here to deliver the insights that fuel startup growth and sharpen your edge. Don't miss the 20th anniversary of TechCrunch Disrupt, and a chance to learn from the top voices in tech — grab your ticket now and save up to $675 before prices rise. San Francisco | REGISTER NOW The company also gave an update on its workforce, which has gone through several rounds of layoffs. Intel reduced its workforce by about 15% and plans to end the year with 75,000 employees, the company said. Intel was able to eliminate 50% of management layers through its recent layoffs, Tan said. Intel announced in June in an internal memo that it was going to lay off 15% to 20% of workers in its Intel Foundry unit, which designs and manufactures chips for external clients. The company had 108,900 employees at the end of 2024, according to the company's annual report filed with the Securities and Exchange Commission. That's down from the 124,800 people it employed at the end of 2023.