Fanbase

Subscription Social Media

Fanbase

Subscription Social Media

Atlanta, GA
Mobile
Social Media
Fanbase is a new subscription-based social network that is helping users monetize their content and earn revenue while also increasing authentic user engagement. Users can grow their following organically with the ability to follow each other for free on the platform, with the option to pay for a subscription to exclusive content at an increased rate, helping users monetize their followings unlike on other platforms.

$1,623,584

raised
4,865
Investors
$20M
Valuation
$4.00
Price per Share
$256.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$3.5M
Offering Max
Reg CF
Offering

$1,623,584

raised
4,865
Investors
$20M
Valuation
$4.00
Price per Share
$256.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$3.5M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into Fanbase:

$256+
Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500+
Investment
Bronze Tier
Early Access to new Fanbase features on the platform and 10,000 loves.
$1,000+
Investment
Silver Tier
Early access to new Fanbase features on the platform and a verified profile and 20,000 loves.
$2,500+
Investment
Gold Tier
Early access to new features on the platform and a verified profile and 30,000 loves.
$5,000+
Investment
Platinum Tier
5% bonus shares, early access to new features on the platform, a verified profile, and 50,000 loves.
$10,000+
Investment
Diamond Tier
10% bonus shares, early access to new features on the platform, early adopter profile badge, 75,000 loves, access to a private dinner for Diamond level investors with Founder and Executive Team. *Transportation and lodging not included.

Reasons to Invest

Over 12.7K organic users and 227% user growth in our first year.
An average margin of over 90%, which we anticipate will increase as we scale.
A team of seasoned techies, developers, and creatives determined to alter the social media landscape and pay creators what they’re worth.

Helping users monetize their social content

Fanbase is a new frontier of social media, placing subscription-based sharing at the forefront to the benefit of users and creators. By allowing users to monetize their content, they have the opportunity to create consistent monthly revenue via their audience and increase authentic user engagement among their most interested fans. Fanbase users can post all sorts of multimedia and can natively broadcast live content to the platform to connect with audiences in a multitude of ways. 

The Problem


We believe creators on other platforms are being taken advantage of, with hardly any monetization potential

In our experience, we have seen talented creators and community-builders from popular social media platforms who have gathered large followings but have been unable to adequately monetize their success.


In order to monetize their content, creators have to jump through a lot of hoops and follow certain rules in order to get paid. Even those that do manage fit into this small box, are still not paid well for their talent. In addition, algorithms are always changing and usually working against them which makes things even more difficult for both the creators and advertisers alike.


As more and more of the creative economy consolidates on these platforms, we believe we are entering into a true crisis in which the platforms are getting rich off of the creativity of the users, but own a monopoly on the advertising and data revenue stemming from the online communities.

Although other platforms such as Patreon are attempting to address these issues, we believe users feel they do not provide the ability to grow their following on the platform, leaving those without a current major following on other platforms in the dark. Newer platforms like OnlyFans lean toward mainly adult content, which does not instill confidence in the plethora of creator types out there looking to monetize.

The Solution


Fusing the monetization with the live interaction of a social network

Fanbase bridges the gap between traditional social platforms with the monetization aspects of other subscription-based applications by giving users the opportunity to do both natively in our application. Users can grow their organic followings and find their audience while also offering subscription paid content for those who want exclusive access. 


In the time of COVID-19, applications for live concert and festival hosting via our platform and using our ticketing tools have made Fanbase an even more relevant tool.

The Market


Subscription based services are exploding

The subscription video, music, content, and gaming market generated $28 Billion in 2019. On Fanbase, creating a subscriber relationship directly with the users creates the opportunity to tap into all of these markets on one platform.

How Black content creators and consumers drive social media culture

A survey of US social media users by Pew Research shows that :


  • On Instagram, the highest number of users are African Americans at 26% topping White and Hispanic users.
  • 26% of people who identify as Black use Twitter.
  • Black creators and users on YouTube were polled at 76% running a close second behind Hispanic users at 78%.
  • 70% of Black respondents use Facebook.


How the youth use social media

Much like we have seen with the rise of TikTok, new social platforms are powered by younger-skewing audiences, and we believe the same will be true for our platform, which will not only appeal to the already-successful young creators on other platforms, but to their audience and to the next generation.

Our Traction


Over 12.7K organic users in our Beta

The past two years have been spent on refining our product and technology. Although we have done no marketing to gain users yet, in our first year (November - October) we saw 227% user growth, helping us surpass 12.7K organic users.



40% of our users are paying into our platform, with many artists and creators looking to replace lost revenue during COVID.  


We believe this early traction has validated our product immensely - moving forward we plan on wide-scale marketing campaigns to grow our user base.

What We Do


Monetizing multimedia content for users in a social network environment

We give our users a huge range of possibilities for posting different sorts of content and live streams like you would find on other platforms but initiate following tiers that give users the choice between a free, base option, and a higher paid subscription follow for more content.

There is also the ability to like and love content — ‘like’ being free engagement and ‘love’ representing a tip of a half of a penny. Users can buy packs of Love in our store.

The Business Model


20% of all in-app purchases

Fanbase takes 20% of all in-app purchases from users, including user purchases of ‘Love’ packs or subscriptions to their favorite creators.

We pay out tips and subscriptions to creators at the end of every month.

Our average order value is $2.83, our COGD (same as our CAC) is $.25, which will likely decrease as we scale and tap into network effects.

How We Are Different


Social media, content and gamification all in one

Our competition ranges from traditional social networks, which we believe fail to adequately monetize their user’s audiences on their own behalf, or subscription-based services like Patreon, which help users monetize audiences from other platforms, but we've seen fail to provide native live streaming and exciting content like other social networks.

We are a native app with real-time engagement and all of the network effects in place, it’s the one-stop-shop for creators looking to find their own unique audience while building a community and drawing in monthly revenue. Because of this, we are also able to send notifications to keep users engaged, unlike our other competitors who have a web app.


Other subscription-based services like OnlyFans allow users to live broadcast in real-time, however, in our view their content skews mainly toward adult content and we are a place for creators of all types.

The Vision


Merging content and conversation in one place

Currently, we believe that content, conversation, and monetization are all siloed off into discrete containers, but with Fanbase that will all change.


We want Fanbase to be the singular place for a user to log on to watch and subscribe to the favorite creators, and likewise be the ultimate channel for creators to put out content, engage with their community and take in steady revenue.

OUR LEADERSHIP


A diverse range of experiences coming together to change the social landscape

We come from the worlds of tech and design and have an intimate understanding of the ways in which the social ecosystem operates, which is why we were able to ideate on Fanbase and execute a solution capable of changing the lives of creators around the world.


Members of our team have demonstrated success leading large teams and projects from inception to launch. We’ve worked for Google, Techstars, and Collab Capital, and bring all of these relationships and experiences to this new venture.

Why Invest


A new type of social network

We believe there’s a reason why so many social networks have failed in recent years. They have been trying to reinvent the wheel, that is, coming up with some new type of multimedia. 


TikTok didn’t invent video, they just came up with the greatest algorithm in the world.

Similarly, we aren’t creating a new type of content — we’re building a new ecosystem that is picking up where others have left off, and forging together the best from the worlds of social networks and monetization platforms.

Offering Summary


Company

:

Fanbase Social Media, Inc.

Corporate Address

:

976 Jefferson St. NW Suite I, Atlanta, GA 30318

Offering Minimum

:

$10,000.00

Offering Maximum

:

$3,500,000.00

Minimum Investment Amount

(per investor)

:

$256.00











Terms


Offering Type

:

Equity

Security Name

:

Class B Non-Voting Common Stock

Minimum Number of Shares Offered

:

2,500

Maximum Number of Shares Offered

:

875,000

Price per Share

:

$4.00

Pre-Money Valuation

:

$20,000,000.00











*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Investment Incentives and Bonuses*

Time-Based:

Friends and Family Early Birds

Invest within the first 48 hours and receive additional 15% bonus shares 

Super Early Bird Bonus

Invest within the first week and receive additional 10% bonus shares 

Early Bird Bonus

Invest within the first two weeks and receive an additional 5% bonus shares

Amount-Based Perks:

$500+ | Bronze Tier

Early Access to new Fanbase features on the platform and 10,000 loves to use on Fanbase. 

$1,000+ | Silver Tier

Early access to new Fanbase features on the platform, a verified profile, and 20,000 loves to use on Fanbase. 

$2,500+ | Gold Tier

Early access to new features on the platform, a verified profile, and 30,000 loves to use on Fanbase. 

$5,000+ | Platinum Tier

5% bonus shares, early access to new features on the platform, a verified profile, and 50,000 loves to use on Fanbase. 

$10,000+ | Diamond Tier

10% bonus shares, early access to new features on the platform, early adopter profile badge, 75,000 loves, and access to a private dinner for Diamond level investors with Founder and Executive Team. *Transportation and lodging not included.

*All perks occur when the offering is completed.

The 10% Bonus for StartEngine Shareholders

Fanbase Social Media, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Class B Non-Voting Common Stock at $4.00 / share, you will receive 110 shares of Class B Non-Voting Common Stock, meaning you'll own 110 shares for $4.00. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are cancelled or fail.

Investors will only receive a single bonus, which will be the highest bonus rate they are eligible for.

Irregular Use of Proceeds

We will not incur any irregular use of proceeds.

Show More
Most recent fiscal year-end:
Prior fiscal year-end:
Total Assets
$696,650.00 USD
$8,238.00 USD
Cash And Cash Equivalents
$696,650.00 USD
$8,238.00 USD
Accounts Receivable
$0.00 USD
$0.00 USD
Short Term Debt
$151,368.00 USD
$0.00 USD
Long Term Debt
$0.00 USD
$0.00 USD
Revenues And Sales
$13,777.00 USD
$12,616.00 USD
Costs Of Goods Sold
$14,022.00 USD
$7,300.00 USD
Taxes Paid
$0.00 USD
$0.00 USD
Net Income
-$173,048.00 USD
-$37,657.00 USD

Risks

A crowdfunding investment involves risk. You should not invest any funds in this offering unless you can afford to lose your entire investment. In making an investment decision, investors must rely on their own examination of the issuer and the terms of the offering, including the merits and risks involved. These securities have not been recommended or approved by any federal or state securities commission or regulatory authority. Furthermore, these authorities have not passed upon the accuracy or adequacy of this document. The U.S. Securities and Exchange Commission does not pass upon the merits of any securities offered or the terms of the offering, nor does it pass upon the accuracy or completeness of any offering document or literature. These securities are offered under an exemption from registration; however, the U.S. Securities and Exchange Commission has not made an independent determination that these securities are exempt from registration.


Updates

Urgent Update For Waitlisted Investors.

12 hours ago

Greetings Waitlisted Investors,

To ensure you secure your investment, please make sure you respond to StartEngine emails to confirm your purchase of shares.

There is only $500,000 of available investment remaining when you combine already secured investment along with the waitlist. That $500,000 is starting to fill up. We want everyone who joined the waitlist to secure their investment so do not wait to confirm.


Thank You for your patience and enthusiasm to invest in Fanbase.


We are looking forward to you owning a part of this great growing company.


Isaac

Notice of Material Change in Offering

3 days ago

[The following is an automated notice from the StartEngine team].

Hello! Recently, a change was made to the Fanbase offering. Here's an excerpt describing the specifics of the change:


Fanbase increased offering maximum, added audited financials, and extended its campaign.


When live offerings undergo changes like these on StartEngine, the SEC requires that certain investments be reconfirmed. If your investment requires reconfirmation, you will be contacted by StartEngine via email with further instructions.

Direct Voice Drop-In Audio Chat Now Available For All Fanbase Users!

12 days ago


Greetings Everyone!,


We are happy to announce Direct Voice drop-in audio chat rooms are now available to all users on Fanbase!

Direct Voice is the FIRST audio chat to provide monetization to all users. Public and private rooms are now available with social and exclusive, subscriber-only rooms coming in 2 weeks!

This new verticle of audio falls directly in line with our commitment to provide monetization tools to every user that enjoys social media.

If you haven't made a fanbase page, now's the time!


Let's talk!


Isaac


Notice of Funds Disbursement

27 days ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Fanbase has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Fanbase be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Check Out Our New Branding Site!

2 months ago

While the Dev team keeps going at it, our Branding team is working on helping content creators promote themselves out there with the proper Fanbase assets. We are all about empowering our users and community. Check out our new branding site! 


branding.fanbase.app 


A Learning center is coming up soon as well! #Fanbase #Branding #Content

What Is Love? A Description Of Love and "Big Love" On Fanbase!

3 months ago

Update! We've recently launched “Big Love” which allows users to give 100, 500, or 1000 loves with one click. You can use big love on Posts, Lives, and Fanbase+ content! Update to the latest version of Fanbase to have access to this great new feature! 



Investor communication & progress

3 months ago

It has been a hectic, yet amazing month and a half since initial goal was accomplished and, once again, we owe it to all the amazing investors that believed in Fanbase. We wanted to send an update through here to let all the accepted investors that did not receive our initial email, to please respond so we can resend our initial communication from December 8th. We are making great progress and would love to share the roadmap, vision and next steps we sent back in December. There will also be another email communication round coming up this week with exciting announcements. 2021 will be a BIG year for Fanbase and we are excited to have all of our investors, users and followers next to us in this awesome ride. 

Notice of Funds Disbursement

3 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Fanbase has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Fanbase be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

Notice of Funds Disbursement

5 months ago

[The following is an automated notice from the StartEngine team].

Hello!

As you might know, Fanbase has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Fanbase be on the lookout for an email that describes more about the disbursement process.


This campaign will continue to accept investments until its indicated closing date.


Thanks for funding the future.

-StartEngine

$1,000,000 Raised! We Did It! Thank You!

5 months ago

To Everyone,

Thank You. Your support and energy took us over the top in record time. We've managed to not only raise our 1 million dollar goal but we are currently oversubscribed. If you or anyone still wants to invest in Fanbase you can join the waitlist and invest now.

Now comes the work of building the platform we envision for everyone over here at Fanbase.

We have already started the roadmap for Android, functionality improvements, and new and exciting partnerships.

Thank You again to every single investor. You made this happen!


With sincere appreciation,

Isaac Hayes III


We're Featured On StartEngine's Home Page! We've Raised $300,000 Dollars! $100,000 In less Than 24 Hours!

5 months ago

To Our Investors,

     THANK YOU. Your energy has put tremendous momentum behind this campaign. We've raised 300k in our second week and 100k of that was raised in less than 24 hours! WOW! We are currently featured on the home page on StartEngine at the top in the most momentum section. Exciting! We continue to work hard developing Fanbase as we move towards our 1 Million Dollar goal. Content monetization for all is at the core of our development and can't wait to show you the future of the platform.

With gratitude,


- Isaac


Thank You! We've Raised $150,000 Dollars In 11 Days!

5 months ago


Greetings,

     I wanted to send a personal thank you to all of you that have invested in Fanbase. We are moving with amazing progress and that is mainly due to the amazing response we're getting from all of you that have become investors in this startup. 

     In just 11 days we have raised $160,000 dollars! Our app downloads are up 177% from October. As users and investors, you make this growing community thrive! We are hard at work building on the momentum we have to close this round fast. More updates to come.


Thank You Again,


- Isaac


Thank you! Off to a great start.

5 months ago

We are off to an amazing start. We have raised more than $80K and grew our user-base by 20%... AND IN JUST 1 WEEK! Thank you so much to our followers, users and, especially, our committed investors here in StartEngine.

Fanbase is changing the entire social media paradigm, paving the road to a new way creating and consuming content AND we want you to be part of this revolution. We are working tirelessly, day and night, on the app and will be deploying new engagement functionality in the next couple of weeks. So much to do and so many exciting things ahead of us. We want to keep an open channel of communication with all of you so we will be posting weekly updates. If you have any questions regarding the fundraising or even the app, please feel free to leave us a comment here or come into the app and shake your phone to provide feedback. Thank you!

– The Fanbase team

 

Show More Updates End of Updates

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