Accelerated - 🚀 Battle of the Birds
Uber reported Q3 earnings this week, and published an interesting graph ⬆️ on the breakdown of gross bookings between mobility (ridesharing) vs. delivery (Eats). Ridesharing is beginning to bounce back from COVID lockdowns, with 63% YoY growth in bookings. But food delivery, which was just a fraction of the company’s business pre-COVID, is still dominant. While Uber’s expansion into food delivery was a prescient move, DoorDash is the undisputed leader in the space (with double the market share). All eyes will be on DoorDash’s earnings this week - stay tuned for updates! news 📣🛴 Return of the scooters. E-scooter startups are back in action! Bird went public via SPAC and is now trading at a market cap of $2.5B. The company’s revenue dropped 37% in 2020 due to COVID, but it expects a rebound to nearly $200M this year. Meanwhile, Lime raised $523M (convertible debt + loans). The company is doubling down on decarbonization, and plans to go public in 2022. 👟 Allbirds IPOs. D2C brand Allbirds had a successful public debut this week. After pricing above its initial range, the stock popped 91% on the first day of trading. The company ended the week at a $3.8B market cap, a substantial uptick from its last private round (at a $1.7B valuation). Another win? Allbirds managed to snag the ticker symbol $BIRD - scooter company Bird had to take $BRDS. 🤳 Pinterest gets into TV. Pinterest is launching a live shopping show! A new episode will air on the company’s app every weekday at 6pm ET. We don’t have too many details yet, but it sounds like the show will include a mix of celebrities and Pinterest creators. Keep an eye out for Friday’s episodes, which will feature exclusive products and special discounts from brands like Patagonia and Allbirds. 📊 Earnings updates. Earnings season continues - this week’s news:
Zillow announced the end of its iBuyer business this week. To recap - the company started buying homes in 2018, with the vision of renovating + selling them for a profit (other players in this space include Opendoor, Offerpad, and Redfin). But Zillow has struggled to flip homes due to labor shortages and supply chain issues. The company has also been unable to accurately predict future home prices, resulting in substantial earnings volatility. Several analyses suggest that Zillow frequently overpaid for properties and sold the majority for a loss in its largest markets. The only bright spot? The company now needs to unload nearly 20,000 homes - this could present an opportunity for savvy buyers looking for deals 👀. what i’m following 👀Some thoughts from Olivia on the rise of the “expertise economy.” Millennials are returning to Neopets - and are confronted with the demise of Flash. In other nostalgic game news, FarmVille is back! NYC’s new mayor has pledged to take his first three paychecks in Bitcoin. Femstreet’s Sarah Noeckel on how to leverage community-led growth. How much is a follower worth?
Based on our data, Instagram followers are worth 10x as much as TikTok followers Ever wonder how much you’d make as an influencer? Karat Financial (which makes business cards for creators) released a new analysis on the monetary value of a follower. Karat’s data comes from creators making high six figures, so your results may vary. However, I’m guessing it’s directionally accurate for most creators - TikTok and YouTube followers are worth substantially less than those on IG. Why? The Karat team suggests that IG is the best platform for creators to sell their own products/services, which can be more lucrative than ads. I’ll be sharing thoughts on the differences between social apps in the next few days - follow me for more! jobs 🎓DoorDash - Associate Product Manager (Various) Positive Sum - Head of Ops (Remote) Truepill - Associate Product Manager (Remote, SF) Patreon - Creator Programs Associate* (SF) Amplify Partners - Associate (Bay Area) Minted - Rotational Associate, New Product Development (SF) Parafin - Biz Ops & Strategy Lead* (SF) Roblox - Corp Dev Associate (San Mateo) TikTok - Product Specialist, Creator Tools (LA) Vise - Chief of Staff (NYC) Temasek - Consumer Investment Associate (NYC) *Requires 3+ years of experience. internships 📝Cowboy Ventures - Winter Intern (Remote) Reddit - Data Science Intern (Remote) Comet - Growth Intern (Remote) Well Health - Winter BD Intern (Remote, Santa Barbara) Comet - Growth Intern (Remote, SF) Wing - Program Management Intern (Palo Alto) Bytedance - Product Ops Intern (Mountain View) Apple - Winter BD Analyst Intern (Cupertino) NTWRK - Marketing Intern (LA) BCG Digital Ventures - MBA PM Intern (Manhattan Beach) Duolingo - Biz Ops & Strategy Intern (Pittsburgh) cow of the week 🐮Meet Elsie, a Highland cow who lives in the Wiltshire countryside (in England). She enjoys playing soccer, hanging out with her sheep friends, and getting pats. You can follow her on Instagram @elsiethehighlandcow! 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? |
Older messages
🚀 Tesla joins the trillion-dollar club
Sunday, October 31, 2021
Plus, who won Facebook's rebrand?
🚀 Walmart welcomes Bitcoin
Sunday, October 24, 2021
Plus, a starter guide for building online communities!
Which tech giant is leaving China?
Sunday, October 17, 2021
Plus, a new way to meet other Accelerated readers!
🚀 That time when FB broke the Internet...
Sunday, October 10, 2021
Plus, a big week for consumer startup S-1s 👀
🚀 A new age of water-cooler content
Sunday, October 3, 2021
Why is "Couch Guy" the future of entertainment?
You Might Also Like
Don’t like surprise home expenses? Read this.
Thursday, April 25, 2024
Here's one of the best ways to help protect against expensive repairs. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
🎂 Icky icing on the cake
Thursday, April 25, 2024
Plus, should you share your salary with your kids? ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
I haven't been this worried since 2008...
Thursday, April 25, 2024
The following is a third-party sponsored message. It should not be considered a recommendation or endorsement by HS Dent Publishing. I'm officially sounding the alarm. AI has been the hottest
Metal is back
Wednesday, April 24, 2024
Bloomberg Evening Briefing View in browser Bloomberg Metal is back. Some of the world's biggest energy trading companies are returning to the sector years after getting burnt in notoriously
👀 Meta spilled the beans
Wednesday, April 24, 2024
Meta revealed its first-quarter results | Gucci-owner Kering's results weren't front-cover material | Finimize TOGETHER WITH Hi Reader, here's what you need to know for April 25th in 3:16
Lots of things emerge as spring begins — and we’re not talking about flowers
Wednesday, April 24, 2024
Prepare for the ugly side of warmer months. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Issue #235: Is chasing high APYs worth it?
Wednesday, April 24, 2024
plus Roger goes viral + themed cruises ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Harry's Take 4-24-24 Have You Saved Enough?
Wednesday, April 24, 2024
Life Expectancy and Retirement ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Adapt or Atrophy? - Issue #465
Wednesday, April 24, 2024
This week, we examine the resilience and transformation driving the fintech and logistics sectors. April 24, 2024 FinTech Weekly plunges into the heart of a sector that refuses to stand still. This
The 10-Minute Trader [One Easy Option Trade]
Wednesday, April 24, 2024
The following is a third-party sponsored message. It should not be considered a recommendation or endorsement by HS Dent Publishing. Hugh Grossman Fellow Investor, Hugh Grossman here, This simple, set-