This Week in Startups

Coinbase Q3 earnings breakdown + Startup Checklist: Crafting a brand & knowing your market | E1323

Nov 11, 2021
Delve into Coinbase's Q3 earnings, revealing a revenue drop yet a positive year-over-year outlook. Explore branding and market insights through a 10-point checklist for startups. Uncover the crucial impact of name and domain ownership on success. Learn how platforms like Spotify and Airbnb have reshaped consumer habits. Gain strategies to tackle the post-pandemic labor shortage and the significance of compliance for securing clients. Get inspired by effective mission statements from successful brands.
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ANECDOTE

Coinbase's Rollercoaster Q3

  • Coinbase's Q3 revenue dropped 40% quarter-over-quarter but increased 400% year-over-year.
  • This volatility is similar to Robinhood's, indicating market conditions heavily influence transaction-based revenue.
INSIGHT

Financial Subscriptions' Potential

  • Companies like Coinbase and Robinhood can generate significant subscription revenue.
  • People are willing to pay for financial subscriptions just as they pay for entertainment or convenience.
ADVICE

Market Creation vs. Service

  • Consider whether your startup creates a new market or serves an existing one.
  • Spotify improved an existing market (music listening), while Calm created a new one (meditation apps).
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