Many VCs expect the immediate payoffs will be for startups in categories like entertainment and travel, sectors where people will want to spend their money post-vaccine.“There are huge markets to seize right now,” says Kim-Mai Cutler, a partner at Initialized Capital, an early-stage venture firm.
You can look at different industries: the music industry, where we had digital disruption and Spotify is a great way to listen to music, but it drove a lot of record labels out of business, drove some bands out of business, made more people tour, we all know those effects.
They show up the next day, in the Daily Cash app, makes spending money feel like a fun game. Whether it’s racking up points on the Apple Card or betting on the cryptocurrency du jour, the way we spend is changing.
That was six years of impulse shopping, spending money I didn’t have, and racking up credit card debt. Between mobile payments, fewer stores having a card minimum, and some places not even accepting cash, it's easier than ever to spend money in practically invisible ways.