Revolutionizing the Subscription Economy: Isaac Hayes III Reveals the Potential of Fanbase
In this episode of MM Medium with Isaac Hayes III, the EYL team dives into the disruptive nature of companies like Fanbase and the potential for future acquisition or IPO. Isaac Hayes III, the founder of Fanbase, discusses the exit strategy from day one, which includes either being acquired or going public. He draws parallels to Elon Musk's approach with Twitter, and emphasizes the importance of providing investors with a great return.
Isaac Hayes III explains the concept of acquisition and IPO, highlighting the opportunity for investors to cash in when a company is bought at a higher valuation. He uses the example of a $5,000 investment in Uber turning into $24 million upon the company's public offering. He emphasizes that Fanbase aims to create generational wealth for African American people and believes in the potential for exponential returns.
Addressing the skepticism around these possibilities, Isaac Hayes III challenges the notion that a $250 investment in Fanbase couldn't turn into a million dollars. He references TikTok's private valuation of $350 billion and explains that a 100-billion-dollar valuation for Fanbase would result in a 5,000x return for investors. He exudes confidence in the platform's potential and the promising future of the subscription market.
Isaac Hayes III discusses the massive addressable market for subscription-based platforms, stating that every person with a smartphone is a potential subscriber. He mentions that even Netflix, with its market cap of $800 billion, has only reached 240 million subscribers out of the 6 billion smartphone users worldwide. He emphasizes that Fanbase is built for the future, allowing multiple subscriptions and offering content creators control over their revenue and the lion's share of the earnings.
The conversation also touches on the challenges faced by black content creators on platforms like TikTok, where algorithms and biases can limit their reach. Isaac Hayes III highlights how Fanbase eliminates these issues by removing advertising as a barrier and allowing creators of all backgrounds to flourish on the platform. He emphasizes the importance of a diverse range of creators and a level playing field for success.
Join Rashad Bilal, Ian Dunlap, and Troy Millings as they explore the potential of Fanbase and the subscription economy. Isaac Hayes III shares his vision for creating a platform that empowers content creators and offers subscribers an unparalleled variety of quality content. If you're curious about the future of subscription-based platforms and the transformative power of wealth distribution, this conversation is not to be missed.
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