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WhereBy.Us

The platform that helps customers build, grow, and monetize their newsletters
Women Founders Publishing & Literature B2C B2B Software
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$149,726
Raised
396
Investors
Successfully funded and closed on April 30, 2020.
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Jason Calacanis
Angel investor
Jason Calacanis is an American Internet entrepreneur, angel investor, author and podcaster. He is best known for being an angel investor in several unicorns including Uber, Calm, Robinhood, Thumbtack, Datastax, and Desktop Metal.
Jason Calacanis also invested in:
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Closed on April 30, 2020. Information may not be up-to-date. Campaign closed on April 30, 2020. 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 WhereBy.Us Enterprises, Inc. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
WhereBy.Us Crowd SAFE
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Hear from some of the 396 investors in WhereBy.Us


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Highlights


$1M+ raised
Company has previously raised over $1M in capital
$1M+ revenue
Company had over $1M in revenue in the past 12 months
Notable angel backing
Company is backed by a notable angel investor
Venture-backed
Company is backed by a venture capital firm
  • $1.8M annual revenue run rate
  • Customers' newsletters received 650k+ reads in Jan. 2020
  • Powering customers with more than 1M email subscribers today
  • $2M of current round already raised, led by Brick Capital
  • Investors include Jason Calacanis and Miami Herald owner
  • Advisors include key executives at Twitter, CNN, ESPN, and YouTube
  • $149B addressable media/advertising market

Problem


Running a content brand is notoriously hard

Whether you’re a social influencer, a writer, a media company, a charity, or a business, running a media brand consists of loads of manual work, a complicated stack of tools, high overhead, and uncertain economics.

Currently, customers of all sizes have to chain together dozens of tools, build their own metrics systems, hire engineers, and figure out how to make money from users or advertisers. For some, this barrier is so high they never start their brand at all. For others, it’s hard to know where to go next or how to grow. Focusing on a niche or community is the best way to build lasting engagement, but in the past it's been hard to make the business work that way.

We've changed that, starting with email newsletters.

Solution


We're helping customers of all sizes build, grow, and monetize their communities

We give customers all the tools in one box that they need to build a media brand for their community, focused around an email newsletter, and pair those tools with a proven playbook and growing network of other creators and news publishers.

Our no-code tools help them design their brand or import their existing brand, publish an engagement focused email newsletter, automatically build a website, grow their audience, and generate revenue through user subscriptions and advertising.

The result is a world where customers control their own destiny, with a clear path to monetizing their quality work and loyal community. This goes for small companies, large publishers, and individuals with a vision.

Advertisers also see the impact and value. Every one of our customers has attracted national household brands, and respected brands in their own communities, to become advertisers.

Product


An all-in-one solution for building and engaging your community, starting with an email newsletter

Our simple process allows creators and brands to design and market to their community in just 6 weeks, often saving tens of thousands of dollars and hundreds of hours of work. Our model is focused on engaged users, not impressions or page views, meaning creators receive revenue-per-user that's many times the traditional industry average.

Our base model is a monthly subscription and a revenue share, which keeps upfront costs low for customers and aligns our growth with our customers over time. Additional features and services generate even more revenue from enterprise customers.

Traction


650,000+ monthly reads, $1.8M+ annual revenue run rate 

We currently have 5 customers on our platform in cities around the country—Miami, Orlando, Seattle, Portland and Pittsburgh—with dozens more on the way. WhereBy.Us founded these brands, and plans are underway to externalize them. Our network generates over $1.8M+ in annual revenue with more than 650,000 reads a month.

Our advanced pipeline of customers represents more than 3 million email readers.

Customers


Helping all customers, from individuals to businesses to publishers

We work with customers managing communities of all sizes and interests, across verticals, whether they’re already up and running, or just have an idea for a project.

Business model


Scalable revenue with great unit economics

We are a subscription and revenue-sharing model. We take a share of each dollar transacted with our customers’ readers and advertisers, and charge ongoing recurring subscription payments, just like traditional SaaS.

Our platform enables customers to make money directly from their users, in the form of subscriptions, and from advertisers through our self-service advertising system. We also contribute revenue through our national ad network.

Strong unit economics mean customers can make money with just 1,000 readers— it costs $2.16 to acquire a reader, and they’re worth $41 LTV as a free reader, and $363 when they upgrade to a paid membership. These numbers are improving as our network grows.

Market


Total addressable market of $149B, tens of thousands of creators 

Advertising is already a $238B industry in the US, with $172B+ of that being digital. By combining our subscription and ad revenue, we currently access a market worth $149B, and that’s just the local slice of the market. As we grow, we’re adding customers focused on professional industries, demographic groups, and hobbies or interests. We’re targeting independent journalists (10,000+ in the US), social influencers (500,000+ globally), and publishing companies (5,000+ in the US). And we only need 500 customers working with us to hit $100M in revenue.

Energy in this space has never been greater, and we’ve got a huge head start: as we continue to grow and expand, we expect our market to grow with us.

Competition


We’re on a mission to become the complete backend for content businesses

We primarily compete with DIY tools that customers use to attempt to build their brand on their own, such as Mailchimp, Substack, and Wordpress.

Unlike these sites, we’re not just a publishing tool-- we're a business partner in a box. While there are many tools for sending emails, there are not existing solutions that also help generate consistent revenue from your user community. We have mastered this by bringing all the pieces of building a great brand (from content to data to ads to subscriptions to growth) into one place, in a way that works together straight out of the box. This allows us to grow our value proposition and market share over time into areas like SMS and messaging.

As we grow, we'll stay ahead of any potential competition through the strength of our network and data. We've had a huge head start, and authenticity from having been customers ourselves.

Vision and strategy


A clear path to $100M with just 500 creators

WhereBy.Us has big plans for the future. By reaching our funding goal, we'll focus on expanding our platform to every vertical and customer category across the US, with our detailed go-to-market plan. We can hit $100M with just 500 customers, only a fraction of the total market. Best of all, we can be extraordinarily capital efficient in getting there, as we’re already on track to hit profitability by Q3 of 2020.

Funding


We have leading media and technology investors who believe in our vision

To date we have raised $4.5M, and we have only $535,000 left in the current $2.5M round.

Investors include:

  • Brick Capital, who led the current $2.5M round. Their founder, Andrew Craissati, comes from a relevant background that includes senior roles with National Geographic, Sir Richard Branson & The Virgin Group
  • Renowned angel investor and entrepreneur Jason Calacanis, an investor in companies including Uber and Thumbtack
  • Newspaper chain McClatchy
  • Knight Foundation, a philanthropy and investment fund focused on the future of media

The remaining $535,000 will specifically fund our national launch, the development of additional user, data, and automation features, and the signing of an estimated 60 new customers in the near term.

Founders


We know the problem, because we’ve been there ourselves 

Rebekah, Bruce, and Chris met as friends in Miami and saw a problem: everyone they knew was excited about the community, but didn’t have a good way to connect with other locals. We launched The New Tropic newsletter in 2015 to change that. Eighteen months later, it was a profitable business. We launched a second brand in 2017 in Seattle with two talented customers, and saw the same pattern: great talent, content, and user love, but a multitude of tech and business model challenges. We started hearing from people around the world who wanted to launch similar brands for their communities, whether those were cities, demographic groups, professional industries, or just a personal interest. That helped us see a bigger opportunity: using our technology and model to empower customers to build their own businesses. We know how to make this happen, because we've been there.

Chris Sopher, Co-founder & CEO: previously at Knight Foundation, where he managed a portfolio of grants and investments in media technology; background in human-centered design and project management

Rebekah Monson, Co-founder & COO: previously at South Florida Sun Sentinel, University of Miami; a decade of experience in product/technology in newsrooms

Bruce Pinchbeck, Co-founder & CCO: previously at New World Symphony, Comcast, Philly.com; background in content production and creative strategy

Deal terms


Valuation cap

$15,000,000

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

Discount

20%

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

Minimum investment

$100

The smallest investment amount that WhereBy.Us is accepting.
Learn more

Funding goal

$535K

The maximum amount the offering can raise is $535K.
Learn more

Deadline
WhereBy.Us 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 WhereBy.Us Enterprises, Inc. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
WhereBy.Us Crowd SAFE

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in WhereBy.Us.
Invest
$500
Receive
  • A lifetime paid membership to one of the brands on our platform, providing access to exclusive members-only content, events, and community features.
Invest
$1,000
Receive
  • A lifetime paid membership to any/all of the brands on our platform, providing access to exclusive members-only content, events, and community features.
  • A WhereBy.Us coffee mug and "Live Like You Live Here" t-shirt
Invest
$5,000
Receive
  • All of the above, plus:
  • Lifetime free access to all events hosted by brands on our platform
Invest
$10,000
Receive
  • All of the above, plus:
  • Free marketing and launch consulting to help you create your own media brand on our platform

About WhereBy.Us

Legal Name
WhereBy.Us Enterprises, Inc
Founded
Jul 2014
Form
Florida Corporation
Employees
24
Website
whereby.us
Social Media
Headquarters
Google Map location of of WhereBy.Us
1951 Northwest 7th Avenue , Miami, FL
Headquarters
1951 Northwest 7th Avenue, Miami, FL, United States 33136

WhereBy.Us Team
Everyone helping build WhereBy.Us, not limited to employees

Profile picture of Christopher Sopher
Christopher Sopher
Founder
Internationally recognized thought leader on young people and media. Previously at Knight Foundation, making grants/investments in technology. Chris has consulted with media companies around the world on designing media products.
Profile picture of Rebekah Monson
Rebekah Monson
Co-founder & COO
Nationally recognized media leader with a decade of content and tech experience across newsrooms. Rebekah co-founded Code for Miami and Hacks/Hackers Miami. Selected as a Google Fellow at Personal Democracy Forum.
Profile picture of Bruce Pinchbeck
Bruce Pinchbeck
Co-founder & Chief Creative Officer
Bruce is a producer who worked at New World Symphony, Philly.com, and Comcast. Bruce got into media after meeting creatives from around the world when he was featured in The New York Times, People, and Oprah for a website he created when he was nine.
Profile picture of Andrew Craissati
Andrew Craissati
Investor | Bricks Capital
Andrew is a proven business leader and innovator with 25 years global experience. He served as Chairman/CEO of Richard Branson's Virgin in Asia Pacific, and served in senior roles with National Geographic, Universal Studios, and David de Rothschild.
Profile picture of Jason Calacanis
Jason Calacanis
Investor | LAUNCH
Jason is an entrepreneur, angel investor in more than 100 companies, and host of the podcast This Week in Startups. He is an early investor in top startups including Uber, Thumbtack, Calm.com, and Robin Hood.
Profile picture of Marco Botero
Marco Botero
Advisor | Head of Twitter US Hispanic
Marco is a media and sales leader with 13 years of experience. He is currently head of Twitter US Hispanic, with previous leadership roles at ESPN and Sony Pictures Television.
Profile picture of S. Mitra Kalita
S. Mitra Kalita
Advisor | SVP, CNN
S. Mitra Kalita is the senior vice president for news, opinion and programming at CNN Digital. She has held previous leadership roles at the Los Angeles Times, Quartz, and the Wall Street Journal.
Profile picture of Chris Adamo
Chris Adamo
Chief Business Officer
Prior to WhereBy.Us, Chris spent 8 years growing corporate partnerships at 1800Flowers.com. He’s an investor and advisor for numerous startups and is a founding partner at Social Venture Partners Miami. He has a MBA/BA from Binghamton University.
Profile picture of Alexandra Smith
Alexandra Smith
Director, Growth
Profile picture of Michael Schofield
Michael Schofield
Director, UX Development
Profile picture of Marianne Maniero
Marianne Maniero
Director, Sales
Profile picture of Hong Qu
Hong Qu
Advisor | CTO & Engineer
9 more team members
Christopher Sopher
Founder
Rebekah Monson
Co-founder & COO
Bruce Pinchbeck
Co-founder & Chief Creative Officer
Andrew Craissati
Investor | Bricks Capital
Jason Calacanis
Investor | LAUNCH
Marco Botero
Advisor | Head of Twitter US Hispanic
S. Mitra Kalita
Advisor | SVP, CNN
Chris Adamo
Chief Business Officer
Alexandra Smith
Director, Growth
Michael Schofield
Director, UX Development
Marianne Maniero
Director, Sales
Hong Qu
Advisor | CTO & Engineer

Press

An openly queer founder who never thought she'd have a pl...
Business Insider Business Insider
·
Dec 11, 2019

Rebekah Monson is the cofounder and COO of WhereBy.Us. Monson realized she was queer in college, where she found herself ...

Silicon Valley just hit 'send' on an investment in Miami'...
miamiherald miamiherald
·
Mar 20, 2018

What started as a group meetup project among friends is now officially a million-dollar media company expanding across Am...

Live life like a local: Whereby.Us adds two more cities t...
Nieman Lab Nieman Lab
·
Mar 19, 2018

After raising more than $250,000 from readers-turned-investors and pledging to launch in 25 cities by 2019, local news pa...

The new meaning of new media
Columbia Journalism Review Columbia Journalism Review
·
Apr 1, 2017

Sopher is one of the principals in an ambitious two-year-old experiment in local journalism that has gone largely unnotic...

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WhereBy.Us

WhereBy.Us successfully raised $149,726 from 396 investors on April 30, 2020
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Todd, Howard, Harish, Marcus, Matthew, and 391 others invested. 77 Reviews
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