Isaac Hayes III

It's not very hard to make money on fan base.

And I think it's very, very intuitive and people are very, very transactional with virtual currency.

Like love is the virtual currency.

So you can like something on fan base.

You can love it.

You buy love in the subscription store.

If you love a post, you tap it, you give the user half a penny and you can actually give as much love on a post or in an audio room or on a video or in a live as you want.

So people are making money.

money like the first day they come on fanbase they're like oh i made three dollars on fanbase and i've been on instagram for 11 years and haven't made a dime so it's very very easy to make money on the platform when you say 80 on the app is that 80 of the 200 000 downloads yeah i'm 80 of the user base so yeah 80 of the people that have actually used that have actually made money so how many users i don't know how you quantify user base by active users so how do you measure an active user they log on at least once last 30 days they post it at least once

Yeah, so they posted at least, I mean, anybody that's posted at least once.

All time?

Yeah, that's made money all time.

But active users, we're in the, you know, maybe 48, 49,000 a month range, which is pretty good for an app that, you know, doesn't have, that's almost 25% of the app that's just checking in a month.

And then daily is pretty high too.

Well, they open the post, they use the post, they join an audio room, they sit on a stage, they're doing some sort of activity that has them on the app for a period of time.

Yes.

I actually paid for the MVP of Fanbase with my own money out of my pocket.

How much was that?

That was probably about $150,000.

Wow.