Launching on GV ♥️: Exponent Club

tldr: Been working on Exponent, a stock exchange app of creators, on the side for sometime, and launched yesterday! Would love to get your opinions, thoughts and feedback, ama! Exponent is a stock exchange platform of creators where creators can raise capital from their followers in exchange for tradable digital assets/shares. Works like a typical stock market, IPOs and trading. Mission is to enable creators (selectively) to leverage their follower base and raise capital for their brands/ventures/big budget long term projects. We launched with the fantasy app yesterday. Based on feedback in the private beta, realised that a fantasy app will help people understand this new asset class and overall concept without hesitation of putting real money into this platform. Will be launching the real money app soon! You can check out the application, subscribe to the first creator IPO (IPO closes in 15 days) and also suggest creators that you'd like to see on Exponent. Cheers! ♥️

https://exponent.club

ChickenParadox

Seed Stage Startup

a month ago

Can you please provide more details I was looking out for something like this, I have extra money to park in some new asset class and want to experiment with this Questions: 1. Are you authorised by SEBI? 2. Once invested where will my asset reside...how can I trust you 3. How to trust this won't be another Wazirx scam cause I lost close to 4.5 lakh in Wazirx hack 4. Will I get part of the creator earning as in let's say T-Series have in a way have rights of every Arijit songs part of money earned by Arijit is taken by T-Series

Django

Startup

a month ago

So first things first: we launched with the fantasy app which does not have real money. Ideally, the use case is for people to play around with it, get comfortable with this asset class and then when the real money application is launched, invest their money. No credit card required, no payment gateways for the fantasy app. When you sign up you get 5k in your account to play around with. Added gamification to let users get more virtual money.

ChickenParadox

Seed Stage Startup

a month ago

@Django Isn't this somewhat similar to tyke invest...in their early days they allowed you to invest in startups much like crowd funding but SEBI ordered them to shut it down...and from what I understand creators are running an actual business and they are raising money on your platform as crowdfunding not IPO right??

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Noctus

Stealth

a month ago

Basically the web3 creator economy concept is all I am hearing. Which didn't age well

Django

Startup

a month ago

Anything in your opinion that would help users understand the concept differently? I'm all ears

AlphaGrindset

Series A Startup

a month ago

Very interesting What led you to work on this? What kind of creators will you be targeting starting out

Django

Startup

a month ago

Thanks @AlphaGrindset The initial idea was very different, but eventually based on talking to people I changed the idea and built the MVP. Creators who have built a good follower/subscriber base. Also creators who want to start a brand/venture/big budget long term. Objective is not to get involved with any random creator who has followers and subscribers.

HeavyOven

IT World

a month ago

Pretty interesting concept!

Akadbhakad

East India Company

a month ago

Am I too dumb to understand this or is it really that complex? What kind of creators? YT and Insta content creators? How would you valuate them? What’s the guarantee that their books are transparent? How would one get exit?

Django

Startup

a month ago

Never too dumb to ask questions ♥️ 1. I've thought of starting with creators and then expand later. Creators include youtubers, influencers. But idea is to not work with just any random creator. Creators with good follower base, have an objective. 2, 3. Understanding capital requirement and allocation is something we'll do. 4. What's your definition of exit? In a stock market, you exit when you sell shares from your portfolio. Hope these answer your questions. Do check out the app though