Accelerated - 🚀 What's up with NFTs?
If you’ve spent any time on Twitter this week, you’ve probably noticed one topic dominating the conversation - NFTs! As the chart above from The Block illustrates, NFT trading volume has exploded from $270M in June to ~$2.5B in August. What caused this 10x increase in just two months? I think there’s a few factors:
If you’re looking to learn more about this space, I’d recommend following @magdalenakala on Twitter and subscribing to Maaria Bajwa’s newsletter! news 📣
2020 was the year of every social platform launching “Stories” - but 2021 may be the year of rolling them back! A month after Twitter killed Fleets, LinkedIn announced it will shut down its Stories in September. The company learned that ephemerality didn’t work well for business use cases - users wanted to “create lasting videos that tell your professional story in a more personal way.” I’m lighting a candle for YouTube Stories, one of the last men standing - other than OGs Instagram and Snapchat! TikTok is also piloting a Stories feature 🤔. what i’m following 👀How an 18-year-old built a viral Twitter account off a 5 second SNL clip. China is limiting online videogames for kids to prevent gaming addiction. A look inside one of Jokr’s micro-warehouses - how does the company get groceries to your house in <20 minutes? Mario Gabriele shares lessons learned from one year building The Generalist full-time. This is a great read if you’ve ever thought about launching + growing a paid newsletter/community, or if you’re just curious about how they work! The fastest-growing restaurant chain in the U.S. isn't Starbucks or Chipotle - it's Crumbl Cookies!🍪
How did a college student and his cousin start a nationwide phenomenon in the middle of Utah?
A thread 👇 If you’ve been reading Accelerated for a while, you know that I’ve been fascinated by how social media shapes IRL businesses. From selfie mirrors in stores to hotels designed for the Instagram aesthetic, physical spaces are adapting to our desire to post everything online. I’m not sure if any business has done this as well as Crumbl Cookies, which was founded in 2017 and is now the fastest-growing restaurant chain in America. Crumbl’s product is designed for social media virality - just check out their IG! The cookies are huge, the flavors are over-the-top, and even the packaging stands out. Crumbl blew up earlier this year on TikTok, where it now has 2.4M followers. The menu changes weekly, with new flavors announced on Sundays. This “drops” model creates hype and keeps people coming back. It also results in a LOT of user-generated content - everyone wants to post about the new cookies. Crumbl has even installed giant screens in their stores to display TikTok review videos! Click through to the thread ⬆️ for more on Crumbl’s strategy (+ my theory on how the company chooses locations for stores). jobs 🎓Modern Treasury - Full Stack Engineer, Security Engineer (Remote, NYC, SF) Abnormal Security - Associate Product Manager (Remote, SF) Zeal - Strategy & Ops (SF) Snowflake - Associate Product Manager (San Mateo) Emerson Collective - Associate/Sr Associate, Energy & Environment (Palo Alto) Bytedance - Strategy & Investments Professional (Mountain View)* UTA - Associate, Strategy & Corp Dev (LA) Pikup - City Growth Associate (Minneapolis)* Techstars - Venture Analyst (Austin) Carta - Associate/Sr Associate, Biz Ops & Strategy (NYC) Nasdaq Ventures - Senior Analyst (NYC) Nirvana Health - Strategy & Ops Associate (NYC) *Requires 3+ years of experience. internships 📝Public Goods - Content Creator Intern (Remote) FaZe Clan - Business Strategy Intern (Remote) Magdalena Kala - Consumer/Crypto Research Intern (Remote) UiPath - Product Manager Intern (Bellevue, WA) Chime - Data Analyst Intern (SF) Dropbox - Summer 2022 Data Science Intern (SF) Netflix - Summer 2022 Consumer Insights Intern (Los Gatos) Pearpop - User Success Intern (LA) Riot Games - Esports Product Ops MBA Intern (LA) puppy of the week 🐶Meet Boris and Doug, a fox red Labrador and Dalmatian who are now brothers and live together in the UK. They enjoy watching soccer (well, football to them), playing at the beach, and using each other as pillows. Follow them on Instagram @boris.and.doug! Hi! 👋 I’m Justine Moore, an early stage consumer & SMB investor. I’m currently Head of GTM at Canal. Thanks for reading Accelerated. I’d love your feedback - feel free to tweet me @venturetwins. If you liked this post from Accelerated, why not share it? |
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🚀 Can going viral on TikTok kill your startup?
Sunday, August 29, 2021
Plus, OnlyFans hits rewind and Warby Parker files to go public!
🚀 Which social app is back from the dead?
Sunday, August 22, 2021
Plus - the real reason OnlyFans banned NSFW content!
🚀 The latest streaming service is...Salesforce?
Sunday, August 15, 2021
Plus, How I Learned to Stop Worrying and Love #BamaRushTok
🚀 Celebrating our 200th issue!
Sunday, August 8, 2021
Plus, a very special announcement...
🚀 Why is every social app now "shoppable"?
Sunday, August 1, 2021
Plus, the 23andMe for dogs raises $ from SoftBank!
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