This Week in Startups $COIN partners with $BLK, $AMZN acquires iRobot for $1.7B, Jay Trading update + OK Boomer | E1527
Aug 6, 2022
Marcus Milione, founder of Minted and TikTok influencer, shares insights on building a personal brand and monetizing passion projects. He discusses the challenges and realities of entrepreneurship, emphasizing authenticity and balancing personal life with business. The conversation touches on the evolution of influencer culture and how social media impacts brand growth. Milione also hints at upcoming clothing releases and production strategies that reflect a shift towards flexibility in the fashion industry.
AI Snips
Chapters
Books
Transcript
Episode notes
Coinbase's Volatile Ride
- Coinbase's stock price has been highly volatile since its direct listing in April 2021, reaching a $77B market cap before plummeting to $10.9B.
- This highlights the challenges of investing in hyped-up markets and the importance of understanding when to liquidate.
Bottom-Feeding Strategy
- Consider bottom-feeding during market downturns, as prices may be undervalued.
- Jason Calacanis started "J Trading" in July based on his belief that the summer would be a bottom moment for the market.
Coinbase's Existential Crisis
- Coinbase faces an "existential crisis" due to SEC investigations into selling unregulated securities.
- The core question is whether cryptocurrencies are utilities like airline miles or securities like stocks, impacting regulation.
