Problem Addressed: User acquisition cost is very high for Real Money Gaming (RMG) platforms. At the same time, 98% of influencers don't make money even with higher engagement.
The Product: With Fangame, influencers make money by hosting quizzes with their fans and followers.
- Security: SAFE
- Valuation Cap: $10,000,000
- Min. Investment: $100
(Data as of June 2021.)
Fangame: WeFunder Campaign Highlights
1) Reached $30k GMV in March, $10k GMV in Feb and Growing 30% WoW
2) $12B market opportunity
3) Virtually zero CAC model like CoinBase. Basically acquiring users for $0.
4) Fastest growing industry in India (55% YoY); 100M casual gamers with real money
5) $700k in commitments on the same terms from Roblox Folks and Kunal Shah
6) The founding team is IIT graduates, ex- Growth head Paytm and serial entrepreneurs
Did I Invest In Fangame?
I’m still in the process of writing a full deal report and decide whether or not I will invest in Fangame on WeFunder. At Angel Notes, I review 100+ pitches on 10+ platforms every month and send a detailed report every Saturday to subscribers of the Angel Notes newsletter (you can join through the form below). See you soon!