This Week in Startups Bored Ape Madness with The Infatuation’s Andrew Steinthal + Breaking into VC with Nicole DeTommaso | E1275
Sep 1, 2021
Andrew Steinthal, co-founder of The Infatuation, dives into the wild world of Bored Ape Yacht Club NFTs, sharing why he bought in and the thrilling rollercoaster of the secondary market. He breaks down the community's allure and the significance of airdrops for collectors. Nicole DeTommaso from Harlem Capital shares her unique strategy for breaking into venture capital using a pitch deck, emphasizing the need for networking to foster inclusivity. Together, they explore the intersection of digital assets and traditional investments, revealing the future of these emerging markets.
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Bored Ape Investment
- Andrew Steinthal, co-founder of The Infatuation, bought a Bored Ape Yacht Club NFT for about $9,000.
- It's now worth over $150,000, a significant increase in value.
Tokenized Membership
- Bored Ape Yacht Club NFTs offer more than just an image; they grant access to a community and exclusive perks.
- This tokenized membership model differentiates them from simple JPEGs or Beanie Babies.
Serum Airdrop
- Bored Ape Yacht Club airdropped free “serums” to NFT holders, creating mutant apes.
- Steinthal received a serum worth $100,000 and acquired another, demonstrating the potential for added value.
