We talk about disruption in tech so much that the word is overused and lacks the same kind of punch it used to.
That being said, one area where disruption is happening in its purest form is in consumption - which is almost 70% of US GDP.
The disruptor here isnβt China or some other low cost manufacturer but content creators. They are the biggest threat to an entire panoply of products and $100Bs of revenue and market cap (see below).
The virtuous cycle of content creators is impossible for old line CPG to mimic:
Make compelling content β> Acquire an Audience β> Retain and Build Trust β> Sell them a new version of something β> take profits and reinvest in making compelling content β> Repeat
More generally, as platforms like X make it possible for all of us to become content creators, a million new products will eventually appear and collectively chip away at the revenues of established CPG brands over time.
A few examples:
Gatorade β> Prime
LβOreal β> Kylie
Spanx β> Skims
Hersheys β> Feastables
These old line CPG companies are in a very difficult position that spending money with Madison Ave will not solve. While these old businesses wonβt disappear overnight, they are melting icebergs.
If there was a way to be βlong content creatorsβ and βshort CPGβ, it is likely a winning trade.
So as content platforms catch on and help amplify content from creators - it will not only make their platforms stickier but it can slowly replace ad revenue from the dying companies below with rev share from the upstart thriving ones who replace them.
This will only accelerate the virtuous cycle already emerging. Disruption comes slow until it comes fastβ¦
A year spent inspiring young kids to become farmers ππΎπ¨πΎβπΎ.
This not only creates career opportunities but the next generation will be able to grow more food for the island π§π§π€πΎ#TheBajanFarmer
My newest work for Yorkville murals in Toronto is now up for auction on @SuperRare .
The project is entitled β Flower Gardensβ and there are 4 pieces in the collection.
#nft
You can go to school and spend years trying to learn about great marketing.
Or you can spend a few minutes watching Steve Jobs - all marketers should listen:
Virtual and physical interior designer @thezoekid1 was born and raised in Barbados, and is now based in Canada. Her work explores the idea of home through physical spaces.
https://t.co/mx1ZB9C4CT
Why now? The needs are increasingly urgent, and I want to see the impact in my lifetime. I hope this inspires others to do something similar. Life is too short, so letβs do everything we can today to help people now. βπΌ
"Your NFT was sold!" π₯³π₯³π₯³
" My House in the Country" is now owned by @ChrisLabrooy ! Thank you so much. ππππ
I am really happy to be have my pieces owned by amazing artists!
Thankyou to @ wizzy @Nicolas_Sassoon and @ix_shells for being part of the auction!
ππππ
Some of us are lucky enough to inherit the following balance sheet from our parents:
Contacts: 0
Money: 0
Power: 0
Resiliency: βΎ
Desire: βΎ
Drive: βΎ
Grit: βΎ
How lucky were WE?!?!
Itβs common advice to join a high growth startup if you want to start your own company one day.
As an UberEX founder, Iβm realizing that the experience of scaling Uber was a better than any accelerator or incubator out there. Hereβs why: (1/8)