Asset
Sector
Round Size ($USD)
$2,000,000.00
Post Valuation
$10,000,000.00
Stage
Existing Commitment
$1,350,000.00
Deal Type
Deal Stage
Deal Status
Ecosystem
Founder Name
Deal Source
Min Investment
Discord Thread Link
Website
Investment Memo / Deck
AMA
Data room
Date Approached
Oct 11, 2023
Description
Asset is empowering fans to build meaningful & rewarding relationships with creators.
TGE date
Twitter
Description
Asset is empowering fans to build meaningful & rewarding relationships with creators. Fans transform into talent scouts for emerging artists and are able to establish their track record earning not just bragging rights but rewards.
Live on Polygon, contacted by BASE. Building since 2020.
Problem:
- Labels / artists donʻt know who their fans are.
Business Model
- Labels pay for marketing dollars to bring fans
- Artists can sell directly to fans
Traction
Go-to-Market
Founders
Nameet, founder & ceo
Pratyush, product lead
Ranjit, content lead
Ahamed, cto
Shashank, crypto expert
Deal
$2mm at $10mm seed
SAFE (first round)
Deck
pwd: Fandom
Commitment
Sequoia (1mm), Antler Global (300k), Coinswitch (50k),
consumer / culture to close round
Feedback
Investment Memo