Bitmine, the largest corporate holder of ether, invests $200M in MrBeast's Beast Industries, set to close on January 19; Bitmine holds 4M+ ETH valued at ~$13.6B
The investment gives Bitmine a stake in a brand with strong Gen Z and millennial appeal, reaching over 450 million subscribers across its YouTube channels.
How luxury brands' stiffest competition is coming from secondhand online resellers like The RealReal and Fashionphile, driven by Gen Z and millennial consumers
Carol Ryan / Wall Street Journal : X: @contrariancurse , @michaelmiraflor , and @buccocapital X: @contrariancurse : A cool thing about high luxury goods is that TCO decreases at the very highest end ...
How Raya, a privately held dating app with a waitlist of 2.5M people, found success through its rigorous user selection process and Fight Club-style rules
The privately held company has attracted an A-list clientele and even gotten Gen Z onboard with online dating. X: @tjtaylr X: TJ Taylor / @tjtaylr : Forever grateful for what we built at Raya, and pro...
Gen Z-focused social media app noplace, backed by Alexis Ohanian's 776 and others, tops the US iOS App Store, and raised a $15M Series A1 at a $75M valuation
Aiming to bring the “social” back to “social media,” a new app called noplace has surged to the top of the App Store as it launched out of invite-only mode Wednesday.
Bumble, Match, Hinge, and Grindr explore more expensive subscriptions for users seeking a curated experience; Bumble says $40 to $50 feels “low” to some users
- New weekly subscriptions are driving Gen Z subscription growth — Premium tiers are also planned as paying user growth stalls
Slash, a Gen Z-focused neobank, raised $19M in seed and Series A funding from investors including NEA, Menlo Ventures, Connect Ventures, and Y Combinator
Kyle Wiggers / TechCrunch :
Match Group misses on Q2 revenue up 12% YoY to $795M, vs. $804M est., and paying users up 10% YoY to 16.4M, vs 16.5M est.; stock down 22% on stymied growth
The second quarter of 2022 was an exciting one for Match Group. Eric J. Savitz / Barron's Online : Match Stock Crumbles. Earnings and Outlook Fell Short. TechCircle : Tinder CEO Renate Nyborg steps do...
Singapore-based BUD, which offers a metaverse for Gen Z consumers and plans to launch an NFT marketplace, raises a $36.8M Series B led by Sequoia Capital India
Rita Liao / TechCrunch :
A look at the rise of buy now, pay later services, driven by social media and Gen Z, and the risks involved; Afterpay says 73% of Gen Z purchases are fashion
and they've already won over Gen Z. I dug deep into this lucrative world for @sfgate. https://www.sfgate.com/... Eric Ting / @_ericting : This story from @joshua_bote on the proliferation of “buy now,...
Notion raises $275M led by Coatue Management and Sequoia at a $10B valuation; the company was reportedly valued at $2B in April
Covering venture capital, software and startups — Early this year, Notion experienced a problem unusual to enterprise software startups: it went viral on TikTok. Tweets: @alexrkonrad , @austinj , @b...