Working with family and friends has been a topic of debate for a long time. But, in recent years, young entrepreneurs have been breaking this conventional wisdom and partnering up with their loved ones. According to a survey by SurveyMonkey, 59% of respondents recommended working with a close friend or family member. The ease of being oneself and the built-in trust and shared goals of success are some of the benefits of working with friends. The U.S. Census reports that 90% of businesses in North America are family-owned and 22% of startups rely on capital from friends and family within the first three months.
The Metaverse: A New Frontier for Entrepreneurs
The metaverse, also known as the 4th industrial revolution, provides a new opportunity for entrepreneurs to create and innovate. The metaverse has already attracted entrepreneurs like Mark Zuckerberg and Deepak Chopra, and the potential for growth is huge. McKinsey predicts that the metaverse could generate up to $5 trillion by 2030 across consumer and enterprise use. In 2021, metaverse-related companies raised over $10 billion, which more than doubled in 2022 to $120 billion.
Mozverse: Democratizing the Metaverse
Danny Mozlin and Zach Hirsch are betting on their friendship and complementary skill sets to achieve success in their version of the metaverse – Mozverse. Mozverse's ultranode technology is a performance and scalability accelerator designed for the Web3 development platform. Their key product, LiveStadium, allows users to immerse themselves in live concerts and events as if they are part of the audience. They aim to democratize the metaverse by making it compatible with more hardware and accessible to a wider audience. Mozverse differs from other metaverse projects by allowing companies to build their own presence, control their brand identity, and benefit from their brand equity.
The Power of Relationships and Storytelling
Mozverse was awarded the Best in Business for 2022 by Inc. and has industry partnerships with music producer Scott Storch, rapper Jadakiss, and NFL football star Tyreek Hill. Hirsch and Mozlin are steadfast in their approach to acquiring market share through creative means, such as focusing on the viral nature of relationships and storytelling. The metaverse offers new opportunities for individuals and companies to monetize their brands and expand their careers.
Working with family and friends has its risks, but the benefits outweigh them. The metaverse provides a new frontier for entrepreneurs to create and innovate, and Mozverse is just one example of the potential for success. Younger entrepreneurs are showing that new advancements in the space offer new opportunities for career paths and growth.