The Ledger
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Lucy Guo: Passes Creators Conceal Earnings From Managers to Dodge 20% Cut
“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…”
Guo: Passes dropped Web3 features because creators distrusted crypto
“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…”
Guo: Passes strictly bans all nudity and moderates content automatically
“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.”
Lucy Guo: Passes can dominate local psychic SEO for 1-on-1 bookings
“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…”
Guo: Passes seed round was raised entirely over text messages
“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…”