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.
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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.
Institutional vs. Retail Trading
- Institutional investors, not retail traders, now drive Coinbase's trading volume, comprising 76% in Q1 2022.
- This shift suggests a move away from speculative retail trading towards institutional adoption.
