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Top related persons:
Eric Wittman - 2 — - 1 there's - 1 Tiffany - 1 Zhong - 1 VCs - 1 Bianca Ambrosini - 1 Ambrosini - 1
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Berlin
Top related orgs:
Service - 1 Meta - 1 Business - 1 Pineapple - 1 Mac Venture Capital - 1 Twitter - 1 Crush Ventures - 1 Crush - 1

Search resuls for: "Eric Wittman"


2 mentions found


☆ A new wave of social-networking startups has emerged. Here are 3 ways they are making money while scaling.
  + stars: | 2024-03-07 | by ( Sydney Bradley | Marta Biino | Amanda Perelli | ) www.businessinsider.com   time to read: +6 min
When it comes to newer consumer-social startups, the environment they're entering is turbulent — investor checks have dwindled, users are facing subscription burnout, and successful advertising models require massive scale. AdvertisementSo how are the emerging, buzzy social startups approaching monetization in 2024? "There's really only two monetization business models for consumer products," said Tiffany "TZ" Zhong, founder of new social platform NoSpace and early-stage VC firm Pineapple Capital. 3 ways new social-networking startups are approaching monetizationWhile some newer social startups are already monetizing their product, many are still pre-revenue and experimenting with different models to see which will make sense for their product and audience. And Verse CEO Bobby Pinckney told BI that the social platform, centered around music, plans to add a premium subscription that will unlock advanced AI tools, analytics, and templates.
Persons: —, there's, Eric Wittman, Tiffany, Zhong, VCs, Bianca Ambrosini, Ambrosini, Marlon Nichols, Nichols, Emma Bates, Andrew Kahn, Danial Hashemi, Alexandra Debow, Bobby Pinckney Organizations: Service, Meta, Business, Pineapple, Mac Venture Capital, Twitter, Crush Ventures, Crush, BI Locations: Berlin
☆ VSCO's CEO explains how the app found a profitable and sustainable business model — and breaks down 3 lessons for new social-media startups
  + stars: | 2024-02-22 | by ( Sydney Bradley | ) www.businessinsider.com   time to read: +3 min
The app, which offers a slew of editing tools like filters, became a go-to for influencers and everyday social-media users, rivaling Instagram in cool factor if not in size. VSCO's memberships make up a majority of the company's revenue and it turned a profit in late 2022, Wittman told The Information last year. "VSCO boasts a worldwide community of more than 200 million users," Wittman told BI. Wittman told BI that VSCO is "capital efficient" and a spokesperson confirmed the company is profitable by GAAP standards. Here are 3 lessons VSCO's CEO has for startups entering the social-media arena in 2024:
Persons: Eric Wittman, VSCO, " Wittman, Wittman, ByteDance's, VSCO isn't Organizations: DMs
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