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⚾ The Elevator Pitch:
Today, there seems to be content overload - Substacks, TikToks, Twitter, and more. Faves gives a way to cut through the noise.
On Faves, the biggest names from Silicon Valley curate the content that informs their thinking. The app has a TikTok-like interface that centralizes Tweets, memes, podcasts, articles, and more all into one feed. On Faves, you can find former Yahoo! CEO Marissa Mayer, the Head of Product at Tiktok - Sean Kim, the founder of FB Marketplace and CEO of Ancestry.com - Deb Liu, and many others!
👇 The Drop Down
School: Stanford Graduate School of Business
Stage: Currently raising their seed round 🔔
Tech trend: Social media
Traction: Waitlist over 10k, big names in tech on the platform, and an impressive 4.9 stars over 120 reviews on the app store
Team: College valedictorian, Stanford MBA, previous founder
Tyler Maloney - Founder & CEO
🔍 Our analysis
📣 Social media, with a twist
With the dozens of social media platforms coming out (Clubhouse), consumer share of mind is getting thinner and thinner for each app. Faves provides a unique value proposition to declutter the world’s content and in turn create the world’s best feed. The promise of following idols seems like a strong user acquisition strategy - let’s see how long before they get Elon Musk.
📈 Will influencers catch on?
The platform follows a network effect - where the time spent on the platform is only as valuable as the people/content that’s on it. More influencers that are high quality will help make a promising user experience. However, continuously engaging influencers on the platform may be tough, and we have yet to see how Faves’ long-term content shapes up.
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