Perception:
The creator economy is dying.
Reality:
The (true) creator economy β the number of creators on the Internet multiplied by the money they're making every month β is crushing it.
At Circle, our ARR is up 2x y/y and monthly GMV is up 4x y/y.
I bet if you added up the GMV across all the creator platforms + ad payouts from YouTube/TikTok/Twitch + revenue from sponsor deals, you'd see growth rates similar to what we're seeing.
So, what exactly is dying?
Here's what:
A batch of hype-chasing "creator economy" startups which raised big rounds in a 2020/21 environment when they barely had working products, let alone P/MF and revenue.
Despite their dire fundamentals, these teams blew their venture dollars on expensive parties, PR "collabs", pool houses, and side projects instead of using it to build a real business.
The zero-rate environment let them get away with it, but reality set when the world changed and they couldn't raise more capital to fund their excess.
These handful of startups are giving 10m+ thriving creators a bad name, and even worse: they're blaming their own failures on the creator economy at large instead of being introspective.
If it isn't obvious, it's never been a better time to be a creator, or to build (legit) businesses serving them.
Looking for a new email marketing platform. Anyone has rec? Currently using active campaign but our users are growing super fast so AC is getting π°π°
Decided to document all my startup journey across my social. Meeting my cofounder was an interesting journey for me. How did you find your cofounder(s)?
One of our users organically made a TikTok about Creobase. The video hits 10K~ (not crazy number but her audiences is exactly our target audiences), and that video drove 200+ signups.
I guess if you just had down & build great product that users love the rest will come