Co-Founder & CEO of Teleport. Writer of Goodwill Hunting, a newsletter hunting the best pre-loved fashion finds, insights, and jobs. 11+ years of buying no new clothes.
The more desirable future is outlined in Q1, with authenticated items being on sale in curated settings. Here is where Web3 comes in as a value add to physical goods as one of the most reliable authentication mechanisms that also lends scale and durability.
Economics - what is your upside? This is the financial benefit you receive from the company doing well.Control - who decides the future of your company?
UGC is the most powerful content to acquire, but also the most painful to scale for big co's. People trust other like-minded or aspirational people, always have, always will.
✍️ updated weekly review:
· in what ways am I lying to myself?
· in what ways do I feel free/not free?
· am I getting closer to freedom?
· what are the things I say I value but don't act as if I value?
The luxury secondary market was estimated to be worth $32 billion in 2020, but only 5 to 7 percent of resalable inventory globally was actually resold that year, according to BoF Insights research.