Adventure #29 - Everbloom.app

Gooooood morning. It's Sunday again and the vibes are higher than Wiz Khalifa

Today's tunes - "Run To You" , came out 39 years ago😮Absolute banger!!

Today's plan:

Use this framework to look into a business:(1) The product(2) The founding team(3) Funding and Hiring(4) Why the business excites me

Current events + business talk(5) Meme + NFT Market(6) Hustler's ambition

Disclaimer: None of this is sponsored, I choose what to write about. This is not financial advice either!

Today is dedicated to Everbloom

The product

This product is SO simple yet insanely powerful if done correctly.You know how they say blockchain tech can disrupt industries??

This product has this potential and I wanted to tell you about it asap

Everbloom is a platform that allows you to:

1/ Invest in YouTubers (through an NFT)2/ Share in their success meaning you get:a) share of future YouTube earnings + perks and access

The way it's set up for now is for 6 months of YouTube earnings.

Sounds good but only the next 6 months???

Mr Beast started on YouTube in 2012.He hit 30k subs in mid-2016, went viral in 2017.

So yeah, these things take time.However, I'm sure the terms can be changed so this shouldn't be an obstacle to Everbloom's success.

What's nice is that the Everbloom team will work with creators to support them, similar to an accelerator programme.

Wait until we launch the web3adventurs youtube channel.Got big plans on how to involve you guys (if you wish) 👀But until then...

The NFTs are on the Flow blockchain or Polygon. So far there has been one drop and it fully sold out and it's now on secondary. ^ It's not trading which I think is cool - shows me people bought to actually support Avery, rather than make $ on speculation. Or it's illiquid, idk😅

Please remember this is not an endorsement, don't get rekt.

They got a cool discord bot which gives an estimated ROI (given past stats)

This is only an estimate of course, not a guarantee. Don't get rekt

➪ How can you use Everbloom? You could:• Raise capital if you're a Youtuber• Onboard YouTubers to the platform & get a commission? You'd need to talk to the team about that though

If anyone from our community wants to raise $ through Everbloom, DM me.I'd love to support you if I can

The founding team

Brendan Alper - COO (his LinkedIn, his Twitter)

Brendan appeared on Shark Tank after leaving Goldman Sachs & pitched a dating app that matches people based on what they hate😄Pretty cool idea!

He accepted an offer from Mark Cuban for $200k at 10% equity. However, the app struggled to generate revenue so eventually shut down

Lukas Runte - CEO (his LinkedIn, his Twitter)➙ degree in media management➙ just under 4 years of e-com exp

Funding and Hiring

A) Funding - yes but no article. The team said it'll be released soon

I verified by cross-checking the VCs portfolios haha! It's all legit👌

B) Hiring - Yes, can see the positions here

Why this business excites me

Honestly, if this thing takes off, it will change how the creator economy works.

The market is huge already and growing every day.Individuals are the new media businesses.

I think Everbloom might land on the radar of agencies that work with creators.One such that I've studied is Night Media (working alongside Mr Beast).

If they decide to support this product, they unlock a huge pool of talent and audiences so the network effects would go brrrrrrrr

I do have a few considerations:1/ Regulatory risk (i.e. this being treated as a security)2/ Creators might get pressured to quickly produce returns (within 6 months).3/ As a result, they may cut corners and harm their brand4/ Some investors will lose money

^ That being said, I believe things will balance out eventually.I see this as a HUGE net positive for both the creator economy and crypto.

Favourite meme of the week

Come on, tell me this is not you hahahah

Quick market things

Some things I saw:1/ BUSD fud ://2/ OpenSea takes another L, thread by wale.swoosh3/ Azuki introduces 2 new characters4/ Shopify ships tools for building tokengated apps

Again, I don't keep with the markets as much as I used to so can't provide too much insight. However, I know who can👇

My on-chain activity

Claimed around $200 worth of Blur airdrop and converted to USDC. That just about covers my travel tickets to NFT Paris.

Also claimed my lens handle.

Also, big shoutout to OB who has started building his Phi-land.He's even added a link to my deep dive into Phi from 2 weeks ago.

You can find OB on LinkedIn and that's his land

In other news, Elouan from mintko (not a typo) wrote an article about entrepreneurship in web3 and asked for my take. They're building a platform to compare NFT and crypto so check em out if that's of interest to you

Hustler's Ambition

A section dedicated to business frameworks/ideas/tools

Okay this is a really long one but Matt's stuff is super valuable. He's coached people at Coinbase, YC, sequoia and etc.

This video is on my watchlist for next week and it's an energy audit.You can find a tldr in this thread one of the Azuki's cofounders

And on a less related note, he's a website where you can find web3 grants

That's it for now. See you all next Sunday👋- Mitko