BDBV, Inc. DBA "The Socialpreneurs" | Application Preview
BDBV, Inc., operating as 'The Socialpreneurs', is seeking government grants to fund various operational and development expenses. The allocated funds will primarily be used for product development, website and email hosting, necessary regulatory fees, legal compliance services, and co-founder salaries.
Over the next five years, the business aims to establish itself as a leading online funding portal catering specifically to small and medium enterprises formed by content creators. The strategy involves onboarding content creators who have an established online audience of at least 100,000 followers, helping them leverage their following to secure funding for growth. This approach not only empowers creators to become entrepreneurs but also creates an investment opportunity for their followers.
The Socialpreneurs plans to partner with experts in ecommerce to assist new creators in launching their businesses, thereby tapping into a substantial market of 12 million content creators. The platform will continually evolve to enhance the fundraising process and introduce features that provide liquidity options, such as a marketplace for buying and selling creator-owned businesses.
The rationale for funding approval is grounded in the mission to support underbanked content creators who have struggled to monetize their successes. By providing capital, The Socialpreneurs aims to help these entrepreneurs transform their followers into customers and pursue their business aspirations.
Currently, there are no funding portals specifically designed for content creators. The competition includes platforms like Mainvest, which focuses on traditional local businesses, Republic, which caters to high-potential startups, and Creative Juice, which primarily assists a single YouTuber. What sets The Socialpreneurs apart is its unique focus on non-dilutive revenue-sharing investments, making it the first to market with a tailored service for the creator economy. This position allows them to meet the unmet needs of creators, differentiating them from existing competitors.
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General Information
Business Registration Number: 87-1596077
Location: Okemos, MI, United States
Length of Operation: 1
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: NO
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Funding Usage
We plan to use the funds to cover expenses conveyed in the financial status section of this application, mainly for: Product development / software engineering Website / email hosting SEC / FINRA fees Professional services (hiring a lawyer to ensure legal compliance as a regulated funding portal) Co-founder salaries
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Business Plan
Our plan over the next 5 years is to become the go-to online funding portal for the next generation of small and medium businesses started by content creators. First, we plan to onboard content creators who already have small / medium businesses and are looking to expand and accelerate growth through the use of funding. The content creators must already have an online following of at least 100,000 people (of which there are 12 million accounts) and promote the fund raise to their followers. Funding creators through our platform also offers a unique way for content creators to interact with their followers by offering them the opportunity to invest in their growth and partake in the upside. Next we will partner with ecommerce / direct-to-consumer experts to help creators who are launching businesses for the first time. Offering advisory and fundraising through our platform will enable us to capture a larger portion of the 12 million person content creator market. Throughout, we will continue developing and improving our platform to make the process of raising funds and investing in creator businesses seamless for anyone. Finally, we will build new functionality into the platform that will enable liquidity options for creator businesses including a marketplace for buying / selling the businesses and brands that these creators have built. This will attract larger investment amounts and more investors. Creators now and in the future will come to our platform to launch and/or expand their businesses with an opportunity for a potential exit that has never existed before. We are enabling the next generation of small and medium businesses. Our clients (the content creators / issuers) are extremely underbanked and underfunded. They have worked hard filming, editing, and posting content every day for years to be left only earning small margins from marketing and/or selling products for large corporations. It is time we enable these entrepreneurs to capitalize on the success of their large followings. Their main prohibitor is the lack of capital to turn their followers into customers for themselves. With this grant, we will level the playing field for the 12 million full-time content creators striving to launch their own business and live out their dreams of becoming a successful business owner.
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Self Identified Competition
There are currently no funding portals offering services to content creators. Our top 3 “competitors” are either building a different solution for the creator economy or building funding portals for different industries. Mainvest: The investment marketplace for Main Street (brick and mortar) businesses and geographically local investors. They are a registered funding portal that enables community members to invest in the growth and expansion of local businesses (e.g., coffee shops, breweries, etc.). Investors invest via a Revenue Sharing Note. They are not servicing online businesses creators businesses Republic: Democratized investing in big business (future unicorn) startups. They offer equity investment deals in venture capital seeking startups (e.g., the next SpaceX, the next Uber). They are not servicing small and medium creator businesses. Creative Juice: Supporting creators as a “financial network”. They offer a tool that estimates projected creator business revenues and value of business. They also offer funding (not democratized) to a very limited number of up and coming YouTubers. The funding dollars come from an individual YouTuber “Mr. Beast”. As stated above, there are no funding portals for this market of 12 million content creators. The business model has been validated by Mainvest servicing brick and mortar businesses and the investment portion validated by large venture capitalists (e.g. Index Ventures, Slow Ventures) capitalizing on globally renowned creators, but our service fits into the landscape without direct competitors. We will be First to Market for this niche with a business model that has been proven and a customer base wanting what we offer. For the other companies in the funding portal / creator economy landscape, here is how we differ specifically: Mainvest: Local democratized investment for the brick and mortar industry only. Not servicing online, ecommerce businesses which are being built by creators. Republic: Democratized investing in unicorn-potential startups. Not offering investing in small & medium creator businesses. Additionally, they only offer equity investment opportunities. Creators do not want to give up equity in the ventures they’ve built on their own, so we’re offering non-dilutive investment deals for the content creator niche in the form of a revenue share. Creative Juice: Partnering with a single Youtuber to distribute funds to YouTubers for content creation, not business building. They’re funding offering is not democratized - we enable all of the creator’s followers to invest in their business. Their overall solution is more focused on selling their financial tool to creators vs democratizing it for anyone to invest in creator businesses.
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