YouNow

“I did it with live streaming with YouNow. Where very few people believe that a bunch of kids talking to each other on through mobile live video was gonna be big, and, you know, a year later, everyone believes that, so.”

“And to fund this immense growth, they've raised over twenty five million dollars in funding from some of the greats of the investing world, including Andy Weissman at USV, David Patman at Venrock, and a future guest on the show, I'm very excited to say, in the…”

“So I started YouNow, which became the largest mobile live streaming in the U.S. In 2015”

“We have creators earning five figures per month for micropayments, so it's a really powerful engagement tool, especially for a creator like yourself who engages the audience by definition, and that audience wants to support you.”

“We take a 40% commission on our transactions, and we are changing that.”

“Yeah, so there is a timeline, and we map it out in the white paper, and it's over the next two and a half years.”

“We're a small team of 40 people.”

“Our whole business model changes from taxing transactions of our users to being completely aligned with our users and growing the size of the network.”

“Since founding the company in 2011, Addy has grown YouNow to be a global social network with more than a hundred million user sessions a month, and creators now producing more than 50,000 hours of original live content each day.”