In this video, Patrick Bet-David explains the fatal flaw in the business model of Cameo, a digital platform that allows users to pay famous people for personalized videos. This point of weakness caused its value to drop over 90 percent. Learn from their mistakes to avoid similar pitfalls in your own business strategy. Cameo went from a startup with $0 in 2017 to a company estimated to be worth $1 billion. Everyone was talking about it: Kleiner Perkins led the Series B investing round which raised the company $50 million. SoftBank, a multinational investment holding company, partnered with Cameo, too. It hired 400 employees and recruited top celebrity users.
In 2021, Brian Baumgartner was making over $1,000,000 from the app, as was James Buckley. Comedian Gilbert was making nearly half a million dollars. Kevin O’Leary and Michael Rappaport were making about $300,000 each, and even the infamous Carole Baskin from […]
Read the Whole Article From the Source: valuetainment.com
- Gold SKYROCKETED during Trump’s first term and is poised to do it again. Find out how Genesis Precious Metals can help you secure your retirement with a proper self-directed IRA backed by physical precious metals.