Tolia: Fanbase reached roughly 10 million users within months of launch
“When Fanbase launched, in a matter of months, I think we had ten million users or something crazy like that, so that there was a lot of usage, but it just never clicked.”
Bill Gurley blocked Fanbase's shutdown by handing Nirav Tolia Kipling's 'If'
“And he slides over a piece of paper and says, read this. And I look at it, and it's a poem. Actually, one of my favorite poems. He probably didn't know that, but it's If by Rudyard Kipling. And it was a very powerful way for him to say, I don't think you can g…”
Maples: Nextdoor founders' previous startup Fanbase failed from lack of user desperation
“The problem is there were zero desperate people for a social network for sports fans, which means you have a failed startup. Sarah Nirov are not stupid. They're great founders, as they've proven time and again, but they were pursuing an idea that was dangerous…”
Hayes: An early Fanbase creator earned $6,000 with under 10,000 total users
“One person made about 6000 dollars in a year and we had less than 10,000 users.”
Hayes: Fanbase has reached almost 200,000 all-time downloads
“Probably almost 200,000.”
Hayes: Fanbase gained 20,000 to 25,000 downloads over the past month
“Ooh, we just had a big uptick. Maybe, maybe 20, 25, 20,000.”
Hayes: Fanbase creators have earned roughly $300,000 to $400,000 all-time
“Ooh, I don't know off the top, but I mean, it's, we're well over probably almost three or 400,000 dollars just thinking about all the users in our user base.”
Hayes: 80% of active Fanbase users have earned money on the platform
“80% of the people that have actually used the app have actually made money.”
Fanbase raised nearly $3.5M on StartEngine at a $20M valuation
“We raised about 3.4, almost 3.5 million dollars, right at 3.5 million dollars at a twenty million dollar valuation.”
Hayes: Fanbase takes a 20% cut on in-app purchases
“So Fanbase takes 20% of all the revenue that comes through. So it goes through in-app purchases through the Apple App Store. So for every dollar, you know, Apple and Google take 30 cents. We take 20 and we pass 50 on to the user.”
Hayes: Average daily Fanbase user spent 85 minutes per day in 2021
“The average daily user in 2021 spent an hour and 25 minutes a day in the room for 22,021.”
Hayes: Fanbase has 50,000 to 60,000 monthly active users
“Our monthly active users are around 50 to 60,000.”
Hayes: Fanbase has generated roughly $300,000 in post-Apple platform volume
“That's what the platform has made. Probably about 300,000.”
Hayes: StartEngine does not require companies to list all revenue
“No, we don't have to always, we don't have to list all of our revenue on Start Engine. You don't have to do that.”
Sze: Nextdoor originally launched as Fanbase, an amateur sports data company
“Take Nextdoor. It started out as a company called Fanbase that was going to do sort of like ESG SPN and data for amateur sports, and it pivoted.”