Creator Economy, AI & retail-tech investor | J.D. & J.M. | PNG collector | Musical lover | Happy to chat, using Cal.com link below to book calls (https://cal.com/darrenli)
Network effects are defined as when the value of a company’s product or service increases as usage increases.That means the more users you have, the happier they are, and the cheaper it is to acquire new ones, which means your growth accelerates. Accelerating growth means exponential growth. You want to invest in and work at businesses that grow... See more
Shein combines parts of Apple and Amazon to build its compounding advantage. Like Apple, it controls its entire value chain, from the factory floor to the Shein app. Building a strong brand and user experience should allow it to charge premium prices, like Apple, but instead, it chooses to consistently delight customers through lower prices, like... See more
The company was selling about $50k of subscriptions per week in January and sales grew steadily to about $200k during the last week of November. As with jobs sold on the site, there are no incremental costs associated with each dollar of subscription revenues, which makes for a very attractive business model.