ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Norby raises $3.8M for an all-in-one creator marketing platform

Early in the pandemic, Nick Gerard, Steven Layne, and Samantha Safer Valentine had a hit on their hands. In the era before Zoom fatigue set in, the trio launched Mainstream Live, a website and newsletter that curated live virtual events across platforms and gave people text-based reminders to check them out. “We started with the […]

Early in the pandemic, Nick Gerard, Steven Layne, and Samantha Safer Valentine had a hit on their hands. In the era before Zoom fatigue set in, the trio launched Mainstream Live, a website and newsletter that curated live virtual events across platforms and gave people text-based reminders to check them out. 

“We started with the discovery problem of people looking for cool things to do online,” Gerard told TechCrunch. “…Right away we knew that we were tapping into something.” Overnight, tens of thousands of people were on the site, browsing for online events to keep them connected in a period of unprecedented social isolation.

After going viral, the Mainstream Live team found itself inundated with questions about the tools it used to surface events and keep its community in the loop. As the team built more services for its own needs, it eventually opened its custom toolkit, sharing the code to other community leads and content creators who implemented the same set of tools with a rebrand.

“People loved it — more and more people asked for it,” Gerard said. “We got to the point where we were juggling a dozen of [these] for different partners.” By the fall, the team wound down the original community, leaned into the inbound interest in its toolset and built Norby.

Norby platform

The new company rolled together everything that people were asking for: a link-in-bio service, referral tracking, SMS, ticketing and other marketing tools necessary to keep a small brand or creator community humming. 

Gerard says the team at Norby has been “following that signal” ever since. Now, Norby has raised a $3.8M seed round led by Gradient Ventures, Google’s venture AI-focused fund, to grow its team and scale its full-stack marketing platform to new heights. Bungalow Capital, BBG Ventures, Charge VC, and Notation also participated in the funding round. 

Norby’s big idea is to combine services like LinkTree, Eventbrite and MailChimp into a single, affordable, subscription-based service, offering anyone who handles an online community a single solution rather than an expensive patchwork of services that have to be individually set up and managed. Norby is ideal for small brands and solo entrepreneurs and most of its customers run less than 10-person operations. The creator tool suite is purely subscription based and won’t collect any fees like Eventbrite and other popular services.

For brands, it starts at $20 per month and the company has plans in the works for a $5 per month tier for individual use. There’s no free tier, and Gerard prefers to think that Norby’s customers will be excited to save time and money on the company’s bundled offering. “What we found is that people spend an enormous amount of money on these tools,” Gerard said. “We can knock a bunch of tools out of your stack and save you money. But we can also save you time.” 

Norby’s team spends a lot of time talking to creators and small companies. Its customers range from sexual wellness companies to advice columnists and activists — anybody who needs to manage an online community. It counts Sad Girls Club, EVRYMAN and Allbodies among its early customers

The company is growing slowly and organically, bringing new users in through a waitlist and invite system and showing them around the product in group demos. “What’s been really cool for us, we’ll get a new customer for one or two features… then they came into the product and were like ‘oh we’ve always wanted to try SMS’ and then it’s just there and they can start using it,” Gerard said. 

Big picture, Norby views itself as an advocate for creators — and an insulator against the power that big platforms wield. In the long term, Gerard hopes to help creators own their own communities as a kind of “counterbalance” to big platforms like Instagram, TikTok and YouTube.

Norby hopes to help more people make a reliable living creating content and communities online. “There’s a handful of extreme winners and it’s just barren after that,” Gerard said, citing Li Jin’s ideas on building a creator middle class

Helping creators “own the relationship” with their communities is something that big platforms will never have an incentive to do. But those same platforms are realizing that creators wield some very real power — and the ability to pick up their content empires and take them to go if they choose to. 

“Whats exciting about this moment is that right now looking ahead to the next five or ten years, nothing is inevitable,” Gerard said. “These windows don’t come along all the time.”

Happs raises $4.7 million for a multicast livestream platform creator community

Live video platform Bright lets you Zoom with your favorite creators

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.