Dear First Stage Investor,
Chipotle or Qdoba?
Celtics or 76ers?
Bitcoin or gold?
Simple polls with simple questions are a popular form of discussion on the internet (just visit Buzzfeed). In the age of social media, a company that can capitalize on that engagement – and the data it provides – is on a promising path.
Baltimore-based Arbit (one of First Stage Investor’s portfolio holdings) harnesses this power of social engagement. And its addictive technology is not only a social tool – its simple side-by-side polling model opens up a world of moneymaking potential for businesses.
The app can inform inventory management, increase sales through direct purchase links, and gain exposure for brands and products across thousands of users.
In our original recommendation, Andy pointed out that the massive amounts of data Arbit hopes to collect from these polls is “a gold mine waiting to be discovered.”
The global social media analytics market is expected to grow to $9.5 billion by 2022. And Arbit is poised to rise along with it.
Now that the company has worked with NBA players (Steph Curry of the Golden State Warriors is the latest to be interested in what Arbit has to offer) and universities, founders Alex Bullington and Greg DiNardo keep pushing Arbit forward.
To give you a chance to see Arbit’s technology in action, Alex and Greg have put together a poll for First Stage Investor members. We think you’ll enjoy responding and seeing how your opinions line up with your fellow early investors’.
Click here to take the poll. And let us know what you think – we want to hear from you!
Fun or not fun? Intriguing technology or same old? Don’t force us to send you another survey to find out!
Invest early and well,
Assistant Managing Editor