Small Business Labs

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The United Nation Reports There are 4.9 Billion Internet Users

Small Business Labs

The UN’s International Telecommunication Union (ITU) estimates that 4.9 billion people are using the Internet in 2021 , which is about 63% of the world's population. This, of course, means about 37% of the world's population are not Internet users, and not surprisingly, most of these folks are in developing countries.   Key quote from the Washington Post's 1 in 3 people around the world have never used the Internet, a U.N. report estimates : " across the U.N.’s 46 lea

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Good Morning America on Side Hustles

Small Business Labs

Good Morning America had an excellent segment on gig economy side hustles this morning (see the video below). It focused on women and side gigs, but they hit on the main reasons both men and women get side jobs - they provide a flexible way to supplement their income and earn money in response to a financial shock. We also liked the end of the segment when the announcers talked about the side gigs they've done.

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VCs Betting Big on the Metaverse

Small Business Labs

Crunchbase's VCs Will Spend Billions More To Make The Metaverse A Reality covers the growing amounts of venture capital going to companies involved in the metaverse. For those not familiar with the metaverse, here's how Crunchbase describes it: While still a fairly nebulous concept, the metaverse is, broadly speaking, viewed by many as the next phase of the internet, where online experiences will combine to form something of an immersive virtual experience.

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Telehealth for Pets

Small Business Labs

Forerunner's Pet health is going the way of human health; our investment in Dutch covers the reasons the VC firm has invested in the pet telehealth startup Dutch. The main reason is fairly obvious. The pandemic accelerated the already growing trend towards pet ownership.   According to the ASPCA, 23 million American households acquired a dog or cat during the pandemic.    And as the article points out, the increases in pet ownership came with increases in the demand f

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Moment House and the Blending of Social Media and Digital Entertainment Experiences

Small Business Labs

Moment House is a live streaming, interactive social media platform for digital entertainment. Newly launched in 2020, Moment House has produced over 700 concerts, called “moments,” selling one million tickets through its platform. Each unique digital experience can generate tens of thousands or hundreds of thousands of dollars in revenue for creators who can reach audience members from all over the world.

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The Independent Worker Surge

Small Business Labs

After falling by 7% in 2020 due to the pandemic, the number of independent workers (freelancers, independent contractors, gig workers, etc.) rose to 51.1 million in 2021, an unprecedented 34% increase. This is the key finding from MBO Partners 2021 State of Independence research study. This is the 11th year this study has been conducted. As the study chart below shows (click to enlarge), the number of full-time independent workers increased by 25%.

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America's Growing Diversity

Small Business Labs

According to the 2020 census, between 2010 and 2020 the white population in America declined  by 5.1 million.   And as the chart below (click to enlarge) nicely illustrates, all of America's population growth in the past decade came from people of color.   The chart comes from Brookings' New 2020 census results show increased diversity countering decade-long declines in America’s white and youth populations.  The article point out that white population

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