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Joe Kim
Building HypeLab, a web3 ad network
Joe Kim is a prominent figure associated with Harvard Business School, where he serves as a Research Advisor. His expertise lies in the intersection of business and social impact, focusing on policy research and development. He is known for his contributions to various projects that aim to enhance educational practices and business strategies within the academic environment.
Background and Education
Joe Kim has an extensive academic background, having earned his degree from a reputable institution. His experience includes roles that bridge academia and practical business applications, allowing him to bring valuable insights into his advisory position at Harvard.
Professional Experience
As a Research Advisor at Harvard Business School, Kim collaborates with faculty and students on research initiatives, particularly those that explore innovative business models and their implications for society. His role involves not only conducting research but also mentoring students and contributing to curriculum development.
Contributions
Kim is recognized for his commitment to fostering a learning environment that encourages critical thinking and real-world application of business theories. His work often emphasizes the importance of ethical leadership and responsible management practices.
Through his position at Harvard, Joe Kim continues to influence the next generation of business leaders by integrating academic rigor with practical insights, ensuring that students are well-equipped to tackle contemporary challenges in the business landscape.
Highlights
I don't post on Linkedin often, but here are some thoughts on Stacy Murr's Polkadot Treasury analysis ↓↓↓↓↓
Polkadot spent $37M in marketing efforts in the first half of 2024 without much to show for it.
It’s hard to know exactly what each of the subcategories consist of bc of broad categorizations, but it’s clear that Polkadot grossly overpaid for things they prob shouldn’t have. For instance, $10M in "Sponsorships" - including $1.9M spent to sponsor a branded car in the Indy 500, which generated 49M social impressions (3 cents per view). At $0.03 per view, we’re looking at a $30 CPM, which is just way too expensive for a brand ad. The true price should be around 10-15x cheaper.
They also paid $1.3M to a web3 marketing agency that paid KOLs to generate 2.7m impressions and 20k engagement, which basically comes out to $0.48 per view. Everyone knows that web3 relies heavily on KOLs, but at what cost? At $0.48 per view, that’s a $480 CPM. Four hundred. Eighty. Dollars. Sure, some KOLs can have massive value, but metrics like impression/reach counts, CPMs, engagement/clicks can be compared across channels.
The thing is, doing NO marketing is not really an option. So, Polkadot’s willingness to invest in a marketing budget is commendable. But we believe that there are more efficient ways this $37M could’ve been put to use.
With HypeLab, Polkadot could’ve reached millions of real web3 users at $2-5 CPM w a CPC of $0.30-$1.50 (extrapolated from similar clients). Up to 60% of users who see HypeLab ads view them from browsers with wallets installed; 15% actively use dApps with these connected wallets. Among HypeLab’s wallet-connected users:
20% use DeFi 6% have deployed smart contracts 45% own non-fungible tokens (NFTs) 60% use multiple EVM chains
On average, wallet-connected users interact with our ads 2.5x as often. Which other ad network can claim this?
We use contextual targeting and ML to match the right content to the highest-intent users. And we’re able to do this at scale with over 1 billion ad requests monthly. Instead of indiscriminately blasting channels with ads and hoping that the ROAS is positive, we’ve built:
- Dynamic CPM pricing (with RTB, or Real-Time Auction)
- State-of-the-art ad serving tech stack
- ML models for ad targeting/personalization (that actually statistically work)
We've helped clients like Metamask, Thorchain, CoW Swap, Uniswap, Moonbeam, Paypal, and hundreds more run user acquisition campaigns (and still work with all of them on an ongoing basis). Reach out to learn more. DMs are open.
