Passes

“I mean, I'm very biased, but I think the future of consumer social is what we're building right now, because right now creators are finding that they don't like the algorithm because it's so unpredictable and that brand deals are just really disappearing.”

“We have creators make close to half a mil a month.”

“Creators that make 5000 dollars a month or more we typically have, like, a hundred percent retention on”

“We definitely have had an issue where creators didn't want to tell their managers or their agents how much they're earning on passes because they would have to pay 20% to them even though they weren't even involved in passes. Yeah, like, we have had creators t…”

“If we're being very blunt, like, I think we will reach, like, a billion dollars doing nothing more except getting new creators, but obviously, like, we have bigger ambitions than that, right?”

“What we've actually noticed is that the creators that make the most money on Passes are actually not ones with millions of followers. It's closer to, like, a hundred K to a million followers and they're so random.”

“One of our top creators is a dental hygienist. We have another that, like, lives on a farm and feeds farm animals for a living, and they're making six figures a month.”

“I've honestly given my marketing team, like, zero dollars, so a lot of pretty much all our parties come out to break even, or, like, net positive”

“We've had people offer to pay, like, 10 grand for, to come. And they're not on the guest list.”

“I think there's like a common misconception where like if A fan, like a fan spends on one creator and it moves to another creator. They spend less on like the previous one, but we've seen that they just ended up spending like double.”

“But we noticed that creators have a huge distrust In Web Three, and we were losing out on a lot of creators. Like, they weren't willing to join passes because we were Web Three, and ultimately, at the end of the day, like, creator acquisition is, like, a numbe…”

“We actually don't allow for any nudity if you try to upload something, it will get taken down and flagged, and it's actually, like, the filters are maybe a little bit too strict.”

“A lot of our creators will make money literally just doing, like, a neck up selfies, and they're still making, like, a 100,000 a month.”

“We have universities signed to us, and we're working with their NIL programs. They're developing our own NIL fund with the university.”

“And the way people find psychics is they literally Google, like, psychics near me, right? Like, that are referrals, which is perfect for a platform like Passes, because we could just dominate SEO for psychics in, like, psychics in LA, right? Like, we could dom…”

“I would say the seed round wasn't really preempted. It was more so like I had an idea and I was running a venture fund. So I had to ask my LPs for permission to be able to do this. And then my LPs were just like, let us put in a check. And I like, I, Had to do…”

“Like, in the multi-millions after our first 12 months.”