In October, Ms. Lugrin posted a web site article asserting FYPM, which, she wrote, was “birthed out of rage.” Having aim at influencer promoting platforms, she said most were “really just a further platform made to help far more small business house owners exploit influencer expertise, but in a new ‘innovative’ way!”
After creating a prototype of FYPM, she was accepted in March into a 10-week commence-up incubator method in Taiwan led by Backend Capital, a undertaking money agency. There she satisfied her co-founder, Ms. Mehra, who was on the hunt for her subsequent obstacle.
“I desired to use know-how for excellent,” Ms. Mehra stated. “I saw FYPM as a best way to tackle pay inequality.”
FYPM is presently on the radar of brand names. James Nord, chief executive and founder of Fohr, an influencer advertising business that has paid out over $65 million to creators in the past five a long time, claimed he supported Ms. Lugrin’s mission but hoped a lot more nuance could be included into the platform as it grew.
“It can direct to some creators acquiring wrong anticipations of what their pay could be for the reason that they listen to about a single particular person who booked one particular work at one distinct value,” he said.
FYPM, which is nevertheless getting analyzed, permits people to filter manufacturer offers by system these types of as Twitter, Clubhouse, Substack, Instagram and OnlyFans. Creators can also form by area, area of interest and brand name category, this sort of as travel or foods and consume.
So considerably, about 1,500 creators have posted much more than 2,000 assessments of 1,300 brands on FYPM. Ms. Lugrin and Ms. Mehra have lifted a little sum of funding and system to do extra fund-increasing.