The best and most lasting communities all gather around HIGHLY SPECIFIC needs. This shared context is key for bonding and it gives strangers an immediate, intimate reason to know and trust each other.
The global video games industry is estimated to be worth $120B in 2018, bigger than the movie ($41B) and music ($19B) industries combined, with an estimated 2.5B players.
According to Vogue Business, eCommerce return rates have spiked 95% in the past five years. On average, this means that retailers lose a third of their revenue to returns, says RSR Research retail analyst Paula Rosenblum. This loss is much more significant in the online world, where trying on the products is impossible. Social pressure in-store... See more
in recommendation media, the algorithms that power distribution reign supreme. These algorithms, which are powered by machine learning, are unique, valuable, and grow in power and accuracy as a platform scales. Therefore, only the biggest and most powerful platforms can afford investments in the best machine learning algorithms because they are... See more
Unlike traditional, web2 crowdfund platforms, Mirror’s crypto-native crowdfunding gives the tool a disruptive edge. With the application of tokens and NFTs, backers have automatic and permanent stakes in the success of a project. The result is a unique cross between starting an online community and an internet-native company, all in real time and... See more
When entrepreneurs consume the products of the entrepreneurship industry, it increases their confidence and decreases perceived risks, but usually without materially increasing their chances of success. In this sense, the industry could perhaps be seen as an industrial-scale manufacturer of “picks and shovels” that ultimately produce poor... See more