Premoney 18: Zette & Rose Technology
Oversubscribed! Quick! Classpass for paywalled content & better financial data.
Welcome to Week 18! This will be this years LAST edition of Premoney! Woot!! What a year. Looking forward to more stability, and innovation come 2021. Thank you all for subscribing, reading, and requesting intros to all of the awesome Premoney founders.
Let’s keep things going next year!!
Some fun Premoney stats to date:
Number of articles: 18 (including today)
Format changes & experiments: 6
20 founders per wk (way too many)
10 founders per week (still too many)
Paid subscriptions for intros (limited growth & founder value, turned off).
Founder masterminds (we’ll do this again)
Friday highlight (may bring this back)
Now: 2 founders per wk, open request for intros.
Total founders featured: 140
Total investor introductions made: 32
2021 intro goals: 400
What you’ll find today:
Two companies below who recently launched, are actively raising (or both) with a bit more detail.
If you’re interested in connecting with them, please use the form I linked to and let me know which company you’re interested in chatting with and we’ll get you introduced!
Know a founder? Let’s get them featured.
If you know a founder that is raising or thinking about their growth strategy, have them sign up here: www.premoney.xyz and get them in front of our investor base :-)
This weeks companies:
Zette
Company: Zette
Founders: Yehong Zhu
Stage: Seed, raising $1.5M
Vertical: Consumer
Business Model: Subscription
1-liner: Get easy access to premium news behind the paywall. Never be blocked from the content you want again.
Description: Zette is a browser extension that allows you to access premium online content behind article paywalls. Similar to Classpass, we're a subscription service (with tiers starting at $9.99) that allows you to seamlessly unlock paywalled content (or tip for free content) through a paid digital wallet, with a system of article credits that refreshes every month. We negotiate deals with publishers on our backend so you don't have to worry about multiple subscriptions.
Traction:
$1m in commitments / $1.5m raise
Private alpha product launched to initial users
Early user testing indicates strong consumer demand
Partnership negotiations with blue-chip publishers
Rose Technology
Company: Rose
Founder: Alexander Campbell
Stage: Seed, raising.
Vertical: Data, Fintech, SaaS
Business Model: Revenue Share
1-Liner: What if Bloomberg and Github had a love child.
Description: Data for financial institutions is a hundred-billion dollar problem. Most modern, cloud based tools fight domain experts in finance, and the spreadsheets they know and love. Founded by senior alumni from Bridgewater Associates, Rose's data marketplace is the easiest place in the world to find, engage, and buy data, regardless of whether you work in excel or code.
Traction:
$1m+ ARR, cash flow positive (!!!)
That’s all for this year!!
Let me know if you have any feedback - and please share this with fellow entrepreneurs and investors :)
See you next year,
Jake