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After Wisam Dakka and André Madeira left Snap in 2018, the two longtime product developers and coders cast about for a new app to build.
Looking around they realized there was no financial product that spoke to the generation of consumers they’d spent the last bit of their professional lives working to build for, so they decided it would be their next project.
“Our insight is that an individual’s relationship with money is a delicate and an emotional one. Most financial apps are not adopted by the masses because they are strict, lack empathy, and are unconsciously perceived as judgmental, which is why they are often downloaded and then ignored,” said Madeira, in a statement.
Their solution, launching today, is Meemo .
It’s a combination of a personal financial monitoring, rewards and gifting, and social shopping app all rolled into one.
“One of the things we learned at Snap, if you want to reach the masses you need to change how you create an app. It has to be effortlessly,” said Madeira. “It has to be automatic and social as well so we want to build an app that is all of that combined.”
Once a user downloads Meemo and connects their main bank account or credit card to the app, Meemo will give that person insights into their spending history and potential rewards.
For most users, the initial experience will be through a gift card. Gifting, it turns out is what Dakka and Madeira think will be the secret sauce for the company’s growth (although getting people to use something if they’re being given money or free stuff is hardly rocket science).
There’s also the social element, which the two men think will be a draw as well. Meemo provides recommendations and social validation from friends by harvesting their buying history and sharing it with you.
Once a user downloads Meemo and has the history of their transactions, the app will surface the places where users spend the most money. They can then send gift cards to their friends for their favorite restaurants. The goal, eventually, is to get restaurants to subsidize the gifting portion and have their shoppers act as a direct marketing channel.
Image Credits: Meemo (opens in a new window)
Shops won’t be able to see who’s getting the gifts until they come into the store. What Meemo hopes to do is gather a profile of a user’s shopping behavior based on their purchases and offer them discounts to places that they may not frequent as often, but match their consumer profile.
Backing the company are investors including Saama Capital, Greycroft, monashees and Sierra Ventures, along with individual investors Amit Singhal, Hans Tung and serial entrepreneurs and the co-founders’ colleagues from Google and Snap.
Madeira and Dakka first met working on Google Search and went on to found Snap’s San Francisco office. The team is rounded out by long-time friends like Robson Araújo and Ranveer Kunal.
“We are very excited to back Dakka and Madeira in their creation of a new age finance app at Meemo that will combine improved financial management with deeper social engagement for today’s generation,” said Ash Lilani, managing partner at Saama Capital, in a statement. “With Dakka and Madeira’s past experience of assembling talented teams and building viral products, we believe Meemo has an opportunity to become a leader in this space.”
The company’s name is taken from a Portuguese word “mimo,” which means an affectionate treat, according to a statement. It’s available to download on iOS and Android.
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“I don’t feel good about that. That sucks,” Chrys Bader-Wechseler reflects when asked about the bullying that went down on the anonymous app Secret he co-founded in 2013. After $35 million raised, 15 million users and a spectacular flame out two years later, the startup was dead. “Since I left Secret I feel alive and aligned with my values and my purpose again.”
But there was one bright side to Secret letting you post without a name or consequences. People opened up, got vulnerable and felt less alone when comments revealed they weren’t the only person dealing with a certain struggle. What Bader learned from watching Secret’s users “do this in the dark” was the realization that “actually, we need to learn to do this in the light, to have that same kind of dialogue, but do it openly with each other.”
So began the journey to Bader’s new startup Ikaria that’s exclusively revealing itself to the world today on TechCrunch. It’s a different kind of chat app, named after the Greek island where a close-knit community helps extend people’s lifespans. The six-person Santa Monica team is funded by a $1.5 million seed round led by Initialized Capital and Fuel Capital. People can sign up for early beta access here.

During a long interview about the startup, Bader and his co-founder Sean Dadashi were cagey about exactly how Ikaria works, as it’s still in development. Amidst all the philosophical context about the app’s intention, I was able to pull out a few details about what the product will actually look like.
“Basically, since 2004, technology has created this monumental shift in the human social experience. We’re more connected than ever technically but all the studies show we’re lonelier than ever,” Bader explains. “It’s like eating McDonald’s to get healthy. It’s not the right source of nutrition for our social well-being because true connection requires a level of vulnerability, presence, self-disclosure and reciprocity that you don’t really get on these platforms.”
Ikaria isn’t another feed. It’s a safe space where you can chat with close friends and family, or people going through similar life challenges. Members of these group chats will optionally go through guided experiences that help them reflect on and discuss what’s going on in their hearts and minds. This could become a whole new media format where outside creators or mental health professionals could produce and contribute their own guided experiences.

“Part of the reason we’re announcing this is that . . . it’s a call to action to involve all these practitioners and people who are doing these types of things and giving them a platform to allow them to facilitate these kind of group bonding experiences through a platform where they can extend their practices into the digital world,” Bader tells me. What Calm and Headspace did for making meditation more mainstream and accessible, Ikaria wants to do for mental health through online togetherness.
Ikaria already has a sizable closed beta going, which the startup plans to continue until it finds product fit, and it hopes to know its official release timeline by the end of the year. “We’re not going to launch this until we know 40% of people would be disappointed if they couldn’t use it.”
Rather than monetizing by exploiting people’s attention, Ikaria plans to develop a “customer relationship” with users, which could mean subscription access or in-app payments for buying content. Perhaps one user could act as the sponsor and purchase an experience for their whole group chat. Until then, it’s got its seed funding from Initialized, Fuel Capital, F7 Ventures, Ryan Hoover’s Weekend Fund, Backend Capital, Day One Ventures, Shrug, Todd Goldberg and Superhuman’s Rahul Vohra.
“The hope is that eventually this would be an app you use instead of iMessage, to increase your sense of presence,” Bader explains, revealing its grand ambitions. Why would we need to replace our core chat apps? Well for one thing, they don’t understand who really matters to you. If an app understood who your mom is, it could give her messages special prevalence or remind you to contact her.

Bader met Dadashi through an offline men’s group for discussing life, love and everything in the wake of Secret’s collapse and a rough romantic breakup. After just a few weeks of these meetups, they say they felt closer to each other than to most of their friends. Only later did Bader, a designer by trade, discover that Dadashi was a coder who’d been CTO of electronics company MHD Enterprises before starting a travel and lifestyle startup for mental wellness, called Somatic Studios. They tried working together on an app for sharing quotes from your friends but scrapped it.
Together, the pair went on to research the rapid rise of other vulnerability-focused meetup organizations like the one where they met, including Evryman, ManKind Project, Quilt, Authentic Relating, Circling, and T-Groups. Though they knew that to have a chance at impact at scale, they’d need to build a mobile app familiar enough to get people over the hurdle of starting a mindfulness practice. They laid out a few principles to build by: a focus on relationships instead of Likes and followers, conscious design that won’t exploit people’s attention or weaknesses, no ads, and keeping all data private and in control of the user.

There are other startups hoping to address the sad state of mental health from different angles. Talkspace offers a mobile connection to licensed therapists, though it can be pricey at $65 to $99 per week. 7 Cups and TalkLife makes peer-to-peer counseling from volunteers free, though these aren’t professionals. There are also plenty of journaling products, gratitude practice apps and wellness podcasts out there. But Ikaria’s approach, combining mental health content with group chats of people you trust, feels unique.
Having known Bader since the Secret days, it’s obvious that working with Dadashi has made him happier and more centered. Ikaria is an app he can wake up feeling good about each day. “You know, I don’t like to speak ill of David [Byttow, Secret’s CEO who sources say was verbally abusive to employees], but that relationship was very, very toxic and taxing for me. And this time around with Sean, as I’m sure you can tell, is the polar opposite.”
If Ikaria can help people develop the open and honest relationships with friends or peers like building it has done for Bader and Dadashi, it could be a beacon amidst a sea of time unwell spent.
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Popular messaging app Kik is, indeed, “here to stay” following an acquisition by the Los Angeles-based multimedia holding company, MediaLab.
It echoes the same message from Kik’s chief executive Tim Livingston last week when he rebuffed earlier reports that the company would shut down amid an ongoing battle with the U.S. Securities and Exchange Commission. Livingston had tweeted that Kik had signed a letter-of-intent with a “great company,” but that it was “not a done deal.”
Now we know the the company: MediaLab. In a post on Kik’s blog on Friday the MediaLab said that it has “finalized an agreement” to acquire Kik Messenger.
“Kik is one of those amazing places that brings us back to those early aspirations,” the blog post read. “Whether it be a passion for an obscure manga or your favorite football team, Kik has shown an incredible ability to provide a platform for new friendships to be forged through your mobile phone.”
MediaLab is a holding company that owns several other mobile properties, including anonymous social network Whisper and mixtape app DatPiff. In acquiring Kik, the holding company is expanding its mobile app portfolio.
MediaLab said it has “some ideas” for developing Kik going forwards, including making the app faster and reducing the amount of unwanted messages and spam bots. The company said it will introduce ads “over the coming weeks” in order to “cover our expenses” of running the platform.
Buying the Kik messaging platform adds another social media weapon to the arsenal for MediaLab and its chief executive, Michael Heyward .
Heyward was an early star of the budding Los Angeles startup community with the launch of the anonymous messaging service, Whisper nearly 8 years ago. At the time, the company was one of a clutch of anonymous apps — including Secret and YikYak — that raised tens of millions of dollars to offer online iterations of the confessional journal, the burn book, and the bathroom wall (respectively).
In 2017, TechCrunch reported that Whisper underwent significant layoffs to stave off collapse and put the company on a path to profitability.
At the time Whisper had roughly 20 million monthly active users across its app and website, which the company was looking to monetize through programmatic advertising, rather than brand-sponsored campaigns that had provided some of the company’s revenue in the past. Through widgets, the company had an additional 10 million viewers of its content per-month using various widgets and a reach of around 250 million through Facebook and other social networks on which it published posts.
People familiar with the company said at the time that it was seeing gross revenues of roughly $1 million and was going to hit $12.5 million in revenue for that calendar year. By 2018 that revenue was expected to top $30 million, according to sources at the time.
The flagship Whisper app let people post short bits of anonymous text and images that other folks could like or comment about. Heyward intended it to be a way for people to share more personal and intimate details — to be a social network for confessions and support rather than harassment.
The idea caught on with investors and Whisper managed to raise $61 million from investors including Sequoia, Lightspeed Venture Partners, and Shasta Ventures . Whisper’s last round was a $36 million Series C back in 2014.
Fast forward to 2018 when Secret had been shut down for three years while YikYak also went bust — selling off its engineering team to Square for around $1 million. Whisper, meanwhile, seemingly set up MediaLab as a holding company for its app and additional assets that Heyward would look to roll up. The company filed registration documents in California in June 2018.
According to the filings, Susan Stone, a partner with the investment firm Sierra Wasatch Capital, is listed as a director for the company.
Heyward did not respond to a request for comment.
Zack Whittaker contributed reporting for this article.
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There’s a new teen app sensation. Anonymous question-asking app YOLO has rocketed to the #1 US app position just a week after launching thanks to Snapchat. Built on top of the Snap Kit platform, YOLO uses Snapchat for login and Bitmoji profile pics to let you add an “ask me anything” sticker to your Snapchat Story. Friends can swipe up to open YOLO on iOS and send an anonymous question there that you then answer through another sticker posted to your Story. One source says “EVERYONE at my high school is using it right now.” And what’s crazy is that YOLO’s inventor tells me the whole thing was an accident.
If you’re getting deja vu, you might be thinking of Sarahah. That app blew up in late 2017 by letting you attach a link from your Snapchat Story to your Sarahah profile where people could ask you anonymous questions…until it was kicked off of iOS and Android in early 2018 for facilitating bullying. Or maybe you’re thinking of how polling app Polly let Snapchat friends ask you anything before there was Snap Kit.
Now the question is whether YOLO’s warning during signup that it has “no tolerance for objectionable content or abusive users” or its in-app flagging and blocking features will protect it from teen misuse or Apple and Google’s wrath.
YOLO’s anonymous question app built on Snap Kit is now the #1 US app
YOLO’s rise highlights just how curious teens are and how desperate they can be for honest feedback or anonymous gossip. Given the prompt via Snapchat to say something to friends without having to take responsibility, kids are flocking to download YOLO. Since they don’t have to create a new profile or pic thanks to Snap Kit importing their account and Bitmoji, and can use Snapchat’s ubiquity amongst teens to distribute their question and answers, YOLO is super easy to join. That pushed it to the #1 US app according to App Annie.
YOLO creator Gregoire Henrion
But as with Sarahah, Secret, YikYak, and other anonymous apps before it, YOLO is vulnerable to being used to spread hate speech and bullying. Given school-age kids can get in trouble for insulting someone in the hallway, they’re quick to torment peers though apps, especially if they piggyback on one everyone already uses.
Now Yolo’s developer, a startup called Popshow, is desperately trying to keep the app’s servers from melting and add new features so teens stick around. There was no publicly available info about who started Popshow, even in its trademark and incorporation filings. But after some digging, a source revealed that Popshow and YOLO were started by Gregoire Henrion, former co-founder and CEO of music video making app Mindie.
“It was not supposed to be a success. It was just for us to learn” Henrion tells me in his first interview about his startup. “Let’s just put it on the App Store and see how people behave. It went 100% viral. It’s crazy. Even we didn’t believe our eyes when we saw that [it went to #1].”
Henrion’s previous startup Mindie had let you share soundtracked video clips to your Snapchat story. It raised $1.2 million from Lowercase, SV Angel, Dave Morin, Troy Carter and more. But in 2015 it got blocked from Snapchat for being a security risk since it required users to provide their Snap username and password. YOLO actually takes advantage of Snapchat’s Snap Kit platform that was designed specifically to eliminate the need for Mindie’s sketchy integrations. Mindie missed its opportunity to become Musical.ly, which was later bought and merged into global phenomenon TikTok. Mindie eventually got acquired by Justin Bieber-backed selfie app and content production collective Shots in 2016.
By 2017, Henrion and Mindie co-founder Clément Raffenoux were back building a new startup. They raised a small pre-seed round from SV Angel, Shrug Captial, Product Hunt’s Ryan Hoover, and some angel investors and experimented with the Popshow video reactions app. Then the pair decided to explore the anonymous app space. But rather than being completely anonymous and public, YOLO lets users privately review questions, decide which they want to answer and who to share that content with via Snapchat, and include a selfie when they share so respondents know there’s a real person on the other side. “We feel that anonymity can unlock super good behaviors. We think we’re more empathic, more human than other anonymous apps before us” Henrion explains.
The result was “1000X what we expected” Henrion beams. And he insists the growth is totally organic. “We tried some shitty things just to try them, but they don’t work” including replying from Popshow’s account to thousands of people who tweeted ‘I miss Vine’. “I don’t believe in fake growth anymore. We just literally put it in the store, people typed YOLO into search, and the loop was so effective that the product caught on.”
YOLO lets you ask for anonymous questions via your Snapchat Story, receive them on YOLO, and then post the answers back to Snapchat
The challenge will be maintaining YOLO’s momentum. Another anonymous Q&A app called TBH raced to the #1 app spot in September 2017, got acquired by Facebook 3 weeks later, but fell out of the top 500 apps by the end of November before being shut down last year. Teens are extremely fickle. If they deem YOLO “over”, get bored due to a lack of new features, are overwhelemed by harassment, or a new fad arises, it could crash out of the charts. Henrion says his team is scrambling to evolve YOLO into something more expansive without losing simplicity, while developing automated tools to weed out bullies.
There’s also the threat of Snapchat just building similar anonymous Q&A functionality into its own app. But that’s the risk of building atop any platform that otherwise massively reduces an app’s development and marketing costs. This will become a powerful case study that will surely draw tons of developers to Snapchat’s platform. With so much of YOLO powered by Snap Kit, and it all just being an experiment, Henrion won’t lose much if his app dies and he moves on to the next idea.
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Trill Project, founded by three high school girls, recently launched out of private beta to help people safely express themselves online. For those unfamiliar with the word “trill,” it’s a combination of “true” and “real.” An investor described it to me as a positive Yik Yak .
Trill Project began as a community for teenagers, especially for transgender teens who felt like they didn’t have a safe space to be themselves. It has since expanded it to a platform for everyone to express anything from their struggles with addiction, mental illnesses to workplace issues.
“We’re reinventing the narrative of social networking and we kind of elevate social media by being private and anonymous,” Trill Project co-founder Georgia Messinger told TechCrunch over the phone.
On Trill Project, everything is anonymous (there are no usernames) and monitored by 50 moderators around the clock. Trill Project also has machine learning algorithms as work to learn from reported posts to be able to recognize problematic posts in the future. And if someone feels unsafe or thinks someone has figured out their trill identity, they can always just change it.

In addition to wanting to prevent bullying and harassment, Trill Project wants to be helpful to those suggesting they want to harm themselves or those reporting being hurt by others. That’s why Trill Project has partnered with non-profit organizations that specifically support people experiencing mental health crises.
Trill Project will always be free to the users, but the idea is to possibly license its machine learning algorithms, sell ad space and sponsorships for communities, Trill Project co-founder Ari Sokolov told TechCrunch.
Anonymous social networks, of course, are nothing new. Startups like Whisper, Secret and Yik Yak have all tried and arguably failed.
“People have tried before but as teenagers in particular, we really are closer to our users,” Messinger said. “It gives us access and insight those companies have been lacking.”
Trill Project is currently participating in Founders Bootcamp, an accelerator for high schoolers. Through the accelerator, Trill Project has received $50,000 in funding. Next month, Trill Project intends to start raising a seed round.
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Evan Spiegel secretly tried to hire away the team at Secret, but the price was too high. That’s according to three sources familiar with the deal who spoke to TechCrunch. The information expands and clarifies a report from the new book about Snapchat’s origin story coming out next week called “How to Turn Down a Billion Dollars” by former TechCrunch writer Billy Gallagher. Read More
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Evan Spiegel secretly tried to hire away the team at Secret, but the price was too high. That’s according to three sources familiar with the deal who spoke to TechCrunch. The information expands and clarifies a report from the new book about Snapchat’s origin story coming out next week called “How to Turn Down a Billion Dollars” by former TechCrunch writer Billy Gallagher. Read More
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The founder of one of Silicon Valley’s most famous flameouts, anonymous social app Secret, is the new product lead for Postmates’ app. After Secret shut down and gave investors back their money, David Byttow went on to raise a $1 million seed round from Index to launch a blog publishing tool for enterprises called Bold.
Today Bold was acqhired by Postmates, Byttow confirmed to… Read More
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Anonymity has proven a dangerous path for startups like Secret, so Yik Yak is pushing a soft pivot towards connection with people close by. You can still share anonymous quips on the sagging college app, but now it’s forcing you to add a handle and photo. Then it wants you to post status updates about what you’re doing that day, and browse and contact nearby Yakkers. Changing course… Read More
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David Byttow learned just how much goes unsaid inside companies while he was running Secret. Blasting private information out publicly causes harassment, which led Secret to flame out and give investors back some of their money. But now Byttow is channeling his insight into a new startup called Bold, which he tells me is a “platform for writing long-form content at work. Use cases… Read More
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