Memik

Music & Dance Meet Augmented Reality!

Memik

Music & Dance Meet Augmented Reality!

Atlanta, GA
Technology
Memik, an augmented reality-based social media platform, empowers influencers to maximize the profitability of the content they create. Content creators not only retain ownership of their avatar styles, dances, or skins, they also profit from the sharing of their content. Memik launched on the app store on 11/23/2021 and is currently available to those with an access code. Founded by serial entrepreneurs with successful exits and an experienced team of tech entrepreneurs and AR/VR programmers, Memik makes the future brighter for influencers.

$26,808

raised
29
Investors
$18M
Valuation
$2.67
Price per Share
$267.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

$26,808

raised
29
Investors
$18M
Valuation
$2.67
Price per Share
$267.00
Min. Investment
Common
Shares Offered
Equity
Offering Type
$1.07M
Offering Max
Reg CF
Offering

Rewards

Get rewarded for investing more into Memik:

$500+
Investment
$500+
Receive 25 Custom Dance credits and an Unlimited Avatar Pack.
$5,000+
Investment
$5,000+
Receive the above perks + VIP Access to a Private Owner's Group, + Insider Invite to Memik Investor Event.
$10,000+
Investment
$10,000+
Receive the above perks + a Memik challenge will be named after you + a One-on-One with the founders of Memik.

Reasons to Invest

A unique platform that enhances any content creator’s ability to reach and monetize a coveted demographic during a time when Facebook, Instagram and other platforms are losing these younger users
The innovative business model taps into a growing segment of some 43 million micro-influencers while leveraging current trends to maximize their brand
Over $400k already invested into core technology by the Founders

OVERVIEW


A branding machine for content creators



Presenting a whole new breed of social media platforms. Memik enables micro-influencers to maximize content monetization using Augmented Reality, Music and Video.


Here's how it works



Content creators have control of the assets they create:

  • Custom Avatars – Influencers can design avatars that rep their brand head to toe, and can link to external merchandise sales such as the clothing or accessories they choose

  • Custom Music – Musicians can add (and monetize) their own music through playlists and Spotify links

  • Custom Dances – Influencers can launch the next viral dance by creating dances that can be shared and built into challenges

  • Tracking - Content creators can track how far and wide their content is shared




Memik empowers brands as well with ample opportunities to engage through the app. Brands can:


  • Sponsor or sell avatar styles, challenges, dances, skins and music

  • Reward visitors at an event or retail location with special avatars and skins

  • Launch Augmented Reality dance challenges that engage visitors with custom-branded content that can get shared to multiple social media platforms including Memik 

  • Support campaign activations with ‘share to win’ promotions that drive participation (i.e. ‘Share your mascot dance for a chance to win season tickets!’)

  • Expand their reach to all Memik users and followers using instream advertising, tags and banner ads

  • Generate advertising revenue through instream ads, sponsored challenges, and dedicated landing pages

  • Sell custom merchandise like clothing, accessories and music




THE PROBLEM


Micro-influencers struggle to make ends meet through their own content



We believe there is no effective, trusted way for micro-influencers to OWN and fully maximize content monetization. Even though they make up the majority of the influencer market, micro-influencers struggle to make ends meet through their own content creation. 


In fact, more than 90% of content creators don’t make enough money to reach the poverty line (Source). That’s over 43 million people, which is more than the populations of New York and Florida combined. 


Even influencers with several million followers can struggle, depending upon paid endorsements to make a living (Source). With the advent of social media behind us, it’s time to give content creators a fair shake at a livable means of making money.



THE SOLUTION


Microinfluencer: An individual who has between 10k-50k followers on social media



Like other social media platforms, Memik offers content creators a community to share their content along with built-in business marketing tools. What sets Memik apart is its patent-pending Augmented Reality technology. The app uses AI-powered 3D motion capture so users can create avatars with unique digital skins and original dance moves. This ‘next-level’ social media platform puts the users firmly in the driver's seat with Advanced Creator Monetization and Enhanced Creator Ownership.  


All this means that micro-influencers can focus on creating unique content, uploading music, and building and fostering community engagement without giving up their own IP. More importantly, they get paid when their content is used and shared. As content creators, they have access to multiple tools that ensure they always get credit for their creations and also maximize monetization by selling digital goods and physical assets. 

THE BUSINESS MODEL


Revenue & ownership for content creators



From a business model perspective, Memik has several avenues for generating revenue:

  • Infeed ads: Brands pay to amplify content within Memik’s dance challenge feed

  • Custom Dances: Consumers buy dance packs

  • Avatars and Skins: Consumers pay to create new avatars and to acquire skins for their avatars

  • Sponsored Campaigns: Companies pay to run branded marketing campaigns on the Memik platform

Influencer Subscriptions: Influencers pay monthly to gain access to our revenue generating tools


THE MARKET


Giving influencers unique moves


There are multiple social networks and across all of them, micro-influencers fail to get adequately rewarded for their content. Our competitive advantage is the offering of advanced creator monetization tools and enhanced content ownership – content creators don't just their own IP and digital assets, but also the assets they create on the platform. These tools are enhanced by an AI-powered 3D motion capture and Augmented Reality capabilities that turn the whole world into a dance floor. 


OUR TRACTION


Dancing to success



We launched our beta in November of 2020 with a limited set of features on iOS, tracking nearly 9k downloads. This allowed us to test the concept with a small subset of users and partners. For the past 9 months, we’ve incorporated feedback from users and strategic advisors to develop additional innovative features. 


  1. Founder-Funded: Over $400K

  2. 5k downloads in first 2 weeks: Initial Beta Build during Christmas 2020; launched with ~5k downloads and heavy engagement over a two-week period

  3. Secured partnerships:

    1. Microsoft

    2. Georgia Tech Master of Science in Analytics Department

    3. Epidemic Sound

  4. Streaming Video & Social Feature Development: Developed technology to support real-time video streaming along with social networking features

  5. Influencer Reach of 20M people: Launched Memik Influencer programs with a roster of talent whose collective following exceeds 20 Million users.

  6. Custom Avatar Feature Development: Integrated Build Your Own Avatar feature

  7. Start Engine: Got accepted into Start Engine to support an equity capital raise (and here we are!)


Memik's exclusive access launch happened on November 23rd of 2021 with updates to the app including an avatar creation engine, enhanced monetization features and social media networking capabilities. We will also run a digital media campaign and kick off strategic partnerships with an impressive list of micro-influencers (with the potential reach of nearly 40 millions followers).  






OUR VISION


We predict young social media users will seek out new platforms in 2022 that are aligned with their own interests and values


As other large platforms restructure, younger audiences are adopting new technologies that enable them to connect on their own terms. With product market-fit established, music partnerships developed, and industry experts and advisors onboard, we’re setting our sights on additional game-changer enhancements to our technology for long-term sustained growth:

  • Enhanced analytics and customer insights dashboard

  • Instream video shopping tools

  • Virtual currency and loyalty programs support


Why Invest


We’re championing tomorrow’s content creators by changing today's social media landscape


We have the vision, platform and technology to become a premier player in the social media space. Our team of seasoned professionals have navigated the waters successfully to create a platform that leverages cutting-edge augmented reality with a business model that has been proven in the zeitgeist. 


Your investment will help us:

  • Expand our leadership and executional team

  • Support 2022 feature updates, enhanced customer portal and software integrations

  • Enhance our IP portfolio with Trademarks and Utility Patents

  • Extend distribution channels and marketing


 

Invest in a future where content creators can make a real living doing what they love, and join us by becoming a shareholder in Memik today.



Offering Summary


Company

:

Memik, Inc.

Corporate Address

:

3423 Piedmont Rd. NE, Atlanta, GA 30305-1751

Offering Minimum

:

$9,999.15

Offering Maximum

:

$1,069,999.83

Minimum Investment Amount

(per investor)

:

$267.00











Terms


Offering Type

:

Equity

Security Name

:

Common Stock

Minimum Number of Shares Offered

:

3,745

Maximum Number of Shares Offered

:

400,749

Price per Share

:

$2.67

Pre-Money Valuation

:

$17,997,775.80











Voting Rights of Securities Sold in this Offering

Voting Proxy. Each Investor shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Investor’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Investor, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Investor pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Investor is an individual, will survive the death, incompetency and disability of the Investor and, so long as the Investor is an entity, will survive the merger or reorganization of the Investor or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.

Investment Incentives and Bonuses*

Amount-Based

$500+

Receive 25 Custom Dance credits and an Unlimited Avatar Pack.

$5,000+

Receive the above perks + VIP Access to a Private Owner's Group, + Insider Invite to Memik Investor Event.

$10,000+

Receive the above perks + a Memik challenge will be named after you + a One-on-One with the founders of Memik.

*All perks occur when the offering is completed.

Irregular Use of Proceeds

The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Vendor payments. Any expense labeled “Travel and Entertainment”. Inter company debt or back payments.

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Short Term Debt
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Long Term Debt
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Revenues And Sales
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Costs Of Goods Sold
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Taxes Paid
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Net Income
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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.


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