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Curastory isn't accepting new investments

Curastory’s deadline was January 28, 2022

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Curastory

The easiest way creators make, monetize, and distribute videos everywhere
Latinx Founders Black Founders Women Founders B2C Video & Streaming Creator Economy Adtech
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Featured image of Curastory
Fully Funded
$535,000
Raised
996
Investors
Successfully funded and closed on January 28, 2022.
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Co-investors
Techstars
Leading seed accelerator
Techstars is a global platform for investment and innovation. We connect entrepreneurs, investors, and corporations. Techstars has invested in more than 2,200 companies and today has a market cap of $27 billion.
Techstars also invested in:
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Lightspeed
Early-stage enterprise & consumer tech VC
Lightspeed Venture Partners is focused on early-stage investments in the enterprise technology and consumer space. To date, the firm has backed more than 300 companies, including Snapchat, DoubleClick and AppDynamics
Lightspeed also invested in:
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Pitch Updates 8 Reviews 152
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Closed on January 28, 2022. Information may not be up-to-date. Campaign closed on January 28, 2022. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Competition Vision and strategy Funding Founders
About Team Press

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Curastory Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Curastory Crowd SAFE Curastory Form C-A.pdf Curastory Form C.pdf
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Hear from some of the 996 people reserved or invested in Curastory


Show more

Highlights


Tier-1 Venture backing
Company is backed by a tier-1 VC firm
  • Curastory allows creators to make, monetize, and distribute video shows
  • $85K in gross revenue over 3 months at a $1.02M run rate (Feb~May 2021)
  • 82% retention rate with over 1,000 user sign ups as of June 2021
  • Gross revenue volume expected to hit $100M with 7,000 creators
  • Tapping a $782M+ serviceable obtainable market of sports + fitness creators
  • Curated partnerships with the NBA and others onboarding 150K+ creators
  • Backers include Techstars, Lightspeed Venture Partners & The W Fund

Problem


Video creators aren’t making real money

Video is one of the only content types where creators do not own how they make their money, forcing them to miss revenue from platforms like YouTube or Facebook Watch because of 70% ad skip rates. Video creators care about owning how they make their money just as much as podcasters, newsletter creators, or bloggers who have full ownership over their content. And on the flip side of the same coin, brands care that target audiences are listening to their product messaging and not skipping through it.

Solution


Curastory takes video businesses to the next level

Curastory allows creators to easily make, edit, monetize and share their videos to all of their video channels — just with one click. It’s one of the only all-in-one platforms for creating, monetizing and managing quality video content without compromise, and it’s 100% free for creators. 

 

Through native, creator-recorded ads as our first monetization model for our users, creators are raking in $5,000 per video on average and brands are seeing a 2-3x in return on spend all because audiences are 61% more likely to listen to native ads from the creator they tuned in to watch.

Our creator Tyreek Hill inserted his native ad at 00:17 above.

Product


Create, distribute, and monetize your videos — all for free

From making to sharing, Curastory provides its video creators what they need every step of the way. Content creators upload videos within our platform to finalize editing and music through an easy drag + drop process. Users then match the videos to brand advertisers for monetization through native, creator-recorded video ad spots before they distribute the final video to all of their video channels. 

Brands create + run ad campaigns based on audience targeting preferences within our self-serving ad platform, where we automatically bid on matched videos for them to market their products through native, creator-recorded video ad segments.

Traction


Our user retention rate is 82%

Curastory has made $85K in gross revenue over 3 months with a $1.02M run rate. In addition to our financial traction, we’ve successfully engaged multiple professional league association partnerships with the NBA, and student athletes with the NCAA solidifying access to more than 150,000 video creators. 

We have over 1,000 user sign-ups with a user retention rate of 82%. Some of our creator users include Isaiah Thomas, Tyreek Hill, and AJ Andrews, and have been featured for the resources we offer our creators from top news publications.

*Gross revenue & run rate from Feb~May 2021. Retention rate & user signups as of June 2021.

Customers


We've given creators control and allow automation for brands

With our native, creator-recorded ads, everybody wins. Our model puts video creators in the driver’s seat allowing them to first control video monetization from their own ads, returning $5,000 per video on average. Brands are also reaping the benefits because of our automated model, allowing them to stop managing creators in Google Sheets, but rather run streamlined advertisement campaigns returning 2-3x in spend.

Our users, like Chloe Kim's agency, and CPG brand partners love Curastory just as much as they love sharing that with our customer support team.

Business model


Majority of our revenue is from marketplace fees

Creators upload their video shows to Curastory to become discoverable to advertisers for native, ad spot placements before going live to their YouTube, IGTV, and Facebook Watch channels with one-click.

We charge our brand partners a minimum of $30 per 1,000 native ad spot views only taking a 30% cut per video and paying the rest to our creators. For context, competitors providing the same service take 45-50%. The majority of our revenue comes from this marketplace fee, but we also accrue capital through video equipment rental subscriptions, which are between $35-$50/mo. As of now, our total GMV has seen $85K+ in 3 months. 

*GMV from Feb~May 2021

Market


Growth of the creator economy is massive, and favors video creation

There has been a 17% YoY increase in content creators since 2017, and $990M+ in revenue has been generated from these new content creators alone. 

Over $1T is spent on digital ads annually and our initial target industries of e-commerce sports, fitness, CPG, and health + wellness brands spend $782M+ on digital video ads every year. And brands favor video spends because 95% of ad messages are viewed in video, compared to only 10% when reading.

*$31B digital video ad spending market is a calculated round-up

Competition


Early to market for all-in-one video for creators and brands

Curastory is the one of the only platforms that offers video tools, brand campaign video matching, creator-recorded advertisement spots, non-compete compatibility for brand campaigns, and auto posting to all social media video channels.  

We are not an influencer marketplace. We are more similar to an Anchor, Red Circle, or MidRoll for podcasters if it existed for video creators. 

Vision and strategy


To power videos everywhere

Curastory is currently building trust with video creators and meeting them where they're at — their social media video channels. We plan to grow our platform to power videos for audiences everywhere through continued native, creator-recorded ad segments on all video channels, a platform for creators to gate their video content through pay-per-view + subscriptions, and themed content houses around the world, first starting with sports + fitness. 

Funding


Join the early investors of Cameo, Snapchat, and Giphy

We are backed by Techstars, Lightspeed Venture Partners, and The W Fund, to name a few of our strategic investors that believe in the future of video through Curastory.

We want to bring the opportunity of investing in Curastory not just to our accredited investor funds, but to our community, future users, and video fanatics like yourself. We’re raising funds to build requested features, a mobile app, and scale our team to be able to service over 3,000+ users with 10,000+ sign-ups. 

Founders


The perfect team to win in a noisy, creator economy market 

As founder and CEO of Curastory, Tiffany Kelly first noticed how the creator economy changed traditional media forever from her time at ESPN. While working with athletes, talent, and going on the air herself, she uncovered the need to create + bring a streamlined process of the content funnel like the well-oiled, media conglomerate machine down to the individual, creator level all within a tech platform. 

The Curastory team has exclusive access to some of the most sought after sports and fitness focused video creators before tapping into other markets such as beauty, cooking, and educational.

Deal terms


Valuation cap

$9,000,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

0%

If a trigger event for Curastory occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$250

The smallest investment amount that Curastory is accepting.
Learn more

Maximum investment

$100,000

The largest investment amount that Curastory is accepting.
Learn more

Funding goal

$535K

Curastory must achieve its minimum goal of $25K before the deadline. The maximum amount the offering can raise is $535K.
Learn more

Deadline
Curastory needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Curastory Inc.. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Curastory Crowd SAFE Curastory Form C-A.pdf Curastory Form C.pdf

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Curastory.
Invest
$10,000
Receive
  • Limited edition Curastory hoodie + sweatpants as part of the NBA Players merch line

About Curastory

Legal Name
Curastory Inc.
Founded
Aug 2019
Form
Delaware Corporation
Employees
0
Website
curastory.co
Social Media
Headquarters
Google Map location of of Curastory
284 Humboldt Street 5E , Brooklyn, NY
Headquarters
284 Humboldt Street, 5E, Brooklyn, NY, United States 11206

Curastory Team
Everyone helping build Curastory, not limited to employees

Profile picture of Tiffany Kelly
Tiffany Kelly
Founder + CEO
Featured in Superheroes · Read
Tiffany Kelly is currently the Founder & CEO of Curastory, the easiest way to get started creating videos. Before her startup, she joined ESPN where she created the College Football Fan Happiness Index.
Profile picture of Shane Austrie
Shane Austrie
CTO
Shane Austrie is currently the CTO of Curastory, the easiest way to get started creating videos. He is a technologist specializing in the AdTech/MarTech space.
Profile picture of Lilliana Antequera
Lilliana Antequera
Head of Customer Success
Lilliana Antequera is currently the Head of Customer Success at Curastory, the easiest way to get started creating videos. She is a marketing and operations specialist with a background in CPG and SaaS startups.
Profile picture of Dan Zigmond
Dan Zigmond
Advisor, Founder Coaching
Former YouTube and Instagram executive. Has worked closely with Mark Zuckerberg and currently with Tim Cook.
Profile picture of Jamie Lund
Jamie Lund
Advisor, Brand Acquisition + Strategy
Former Digitas and TED executive. Led successful acquisition of his digital marketing agency, Poly & Co.
2 more team members
Tiffany Kelly
Founder + CEO
Shane Austrie
CTO
Lilliana Antequera
Head of Customer Success
Dan Zigmond
Advisor, Founder Coaching
Jamie Lund
Advisor, Brand Acquisition + Strategy

Press

Self-created video content can be an NIL boon for athletes
On3
·
Sep 16, 2021

Before July 1, Jon Seaton was an obscure 285-pound offensive lineman at FCS Elon University. But since the birth of the N...

Here's an exclusive look at the pitch deck that video-mak...
Business Insider
·
Sep 14, 2021

Curastory's founder and CEO Tiffany Kelly brings an ESPN background to the athlete-centered platform. The startup just ra...

Curastory Raises $2.1 Million to Help Athletes Monetize S...
Yahoo
·
Sep 14, 2021

As athletes embrace their roles as content creators and influencers, Curastory hopes to help them monetize their video ou...

Curastory Raises $2.1 Million to Help Athletes Monetize S...
Sportico.com
·
Sep 14, 2021

As athletes embrace their roles as content creators and influencers, Curastory hopes to help them monetize their video ou...

How 3 former athletes are founding startups to capitalize...
Business Insider
·
Aug 2, 2021

By January 31, 2021, the NCAA will vote on a new set of rules that allow student-athletes the ability to monetize their n...

Curastory aims to help NCAA student-athletes earn money o...
Fox Business
·
Aug 14, 2020

Crowdfunded video platform Curastory is one of several firms poised to capitalize as the NCAA works toward allowing stude...

Black Female Founder Overcomes VC Resistance To Help Cont...
Forbes

The creator economy-content creators, curators, and community builders-use social media, blogs, podcasts, and video to in...

Show all
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Curastory

Curastory successfully raised $535,000 from 996 investors on January 28, 2022
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Randi, Shendi, Tanya, David, Brian, and 991 others invested. 152 Reviews
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