- Early StageStartup in initial stages
Privee careers
The genesis of Privee came through seeing the many problems plaguing today's major social media platforms. Platforms are full of ads, misinformation, lack user data privacy, and hardly share the value generated on their platforms with their users. The underlying driver for all of these problems is the ad-based business model used by all major platforms.
In the ad-based model, the users are the product, while advertisers are the customers. This leads to a subpar user experience algorithmically optimized for engagement rather than giving people what they want. Research shows that highly controversial content (such as misinformation or conspiracies) tends to be much more engaging. Clearly, what people react to most commonly is not the same as what they actually want to see. Users have little to no control over the algorithms shaping their feeds and their view of the world.
Privee solves these issues because it’s a subscription-based service that aligns its incentives with those of its members. By not having ads, Privee isn’t incentivized to manipulate feeds or promote misinformation in an effort to maximize engagement for ad revenue. Also, because it’s not reliant on ads for monetization like today’s major platforms, Privee has no incentive to siphon as much user data as possible. Members actively share in the upside through built-in rewards. As a result, Privee focuses solely on creating the best experience possible for members.
In the ad-based model, the users are the product, while advertisers are the customers. This leads to a subpar user experience algorithmically optimized for engagement rather than giving people what they want. Research shows that highly controversial content (such as misinformation or conspiracies) tends to be much more engaging. Clearly, what people react to most commonly is not the same as what they actually want to see. Users have little to no control over the algorithms shaping their feeds and their view of the world.
Privee solves these issues because it’s a subscription-based service that aligns its incentives with those of its members. By not having ads, Privee isn’t incentivized to manipulate feeds or promote misinformation in an effort to maximize engagement for ad revenue. Also, because it’s not reliant on ads for monetization like today’s major platforms, Privee has no incentive to siphon as much user data as possible. Members actively share in the upside through built-in rewards. As a result, Privee focuses solely on creating the best experience possible for members.
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Valuation
$0
Funded over
1 round
Latest round
Pre-Seed (May 2021)
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