Fangame on WeFunder | Deal Memo

Jun 6, 2021 1 min read
Invest in Fangame (YC W21): Influencers make money by hosting quizzes with their fans and followers | Wefunder
Influencers make money by hosting quizzes with their fans and followers

Company Overview

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.

Deal Terms

  • 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!

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