This Week in Startups Affirm addresses Molly & Jason + is TikTok getting banned, and Pearpop’s CEO Cole Mason | E1637
Dec 15, 2022
Join Cole Mason, Founder and CEO of Pearpop, as he dives into the current climate of influencer marketing and the challenges of social media. He shares insights on how his platform connects brands with creators, revolutionizing traditional marketing with performance-based payments. The conversation also tackles the potential ban on TikTok, exploring its national security implications and effects on mental health. Lastly, they discuss the necessity of financial literacy in understanding 'Buy Now, Pay Later' schemes and the importance of authenticity in influencer collaborations.
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BNPL Risks
- Buy Now, Pay Later (BNPL) services are growing rapidly, leading to increased consumer debt.
- The rising delinquencies and charge-off rates raise concerns about financial stability.
Debt Management for Startups and Investors
- Avoid venture debt unless absolutely necessary; prioritize building a profitable business.
- Don't overextend yourself with margin trading unless you are a sophisticated investor with ample resources.
TikTok Ban
- TikTok's popularity and data collection practices raise national security concerns.
- Proposed bipartisan legislation aims to ban TikTok in the United States.