More Money More Problems
Teach Me How to Startup
As politicians and businessmen are getting on board with digital currencies, 50 Cent has hopped on the bitcoin bandwagon. The rapper’s new album Animal Ambition, along with his other merch, is now purchasable through BitPay, allowing consumers to use cryptocurrency to get 50’s latest.
“The bitcoin community represents his target demographic — young men between the ages of 18 and 30,” Stephanie Wargo, VP of Marketing at BitPay, told Betabeat, “The bitcoin community is also an untapped market ready to spend their money. Accepting bitcoin is a great business decision for a popular and independent hip-hop artist such as 50 Cent.”
Can I See Some ID
Visitors who search for Harlem rapper Azealia Banks’ breakout hit, “212,” on Rap Genius, an online platform that crowd-sources explanations of hip-hop lyrics, will find nearly every verse annotated by the site’s users, who clocked more than 2 million monthly uniques in August, according to comScore. Click on the line “Now she wanna lick my plum in the evening / And fit that ton-tongue d-deep in,” and a pop-up immediately appears explaining that Ms. Banks is employing a metaphor for cunnilingus and that “She stutters the words tongue and deep to mimic the stuttering that occurs when one receives such a gift.” That exegesis received 11 upvotes, earning the contributor jamima-j, a female “slam poetry writer,” a healthy bump in “Rap IQ” points on the site.
Readers might find her analysis either amusing or unnecessary. But the reigning kings of Sand Hill Road, venture capital firm Andreessen Horowitz, view Rap Genius as “one of the most important things we’ve ever funded,” co-founder Ben Horowitz told Betabeat last week. The prominent V.C. firm, which clawed its way into the Silicon Valley firmament in just three years by aggressively plowing millions into fast-growth tech start-ups like Facebook, Pinterest, foursquare and Airbnb, often at towering valuations, were the sole investors behind the site’s $15 million Series A.
After much internal deliberation, Google+ responded to the pseudonymous discontents, many of whom are in New York, last night. It wasn’t quite the answer they wanted. “One of the things we strive for on Google+ is to make connecting with people on the web more like connecting with people in the real world,” product manager Saurabh Sharma said in a G+ post. “So as part of this effort, we’ve asked that those signing up for the service use the name they commonly go by in the real world.”
Twitter and Facebook have become incredibly powerful platforms for celebrities to connect with their fans. With a short, positive message attached to a simple link, stars like 50 Cent and Lady Gaga can launch an artists career or send a penny stock through the roof.
While skill as a curator of online treasures is one Read More
Rapper, multimedia icon and ersatz investment advisor 50 Cent is backing off a little from his previous plugs of H & H Imports, an over-the-counter stock that shot up 240 percent today following the entertainer’s endorsement to 3.8 million followers on Twitter.
In a recent tweet, 50 cent cautions his followers, “I own HNHI stock Read More
How much is a tweet from 50 Cent worth? According to analysis by Joe Weisenthal at Business Insider, about $50 million. 50 Cent has been tweeting about over-the-counter shares in penny-ante company H & H Imports this past weekend, and the stock closed up 240 percent at 39 cents. Before anyone piles in at tomorrow’s Read More