FameBit

Summary

FameBit
Type of businessPrivate[1]
Founded2013
Headquarters
Santa Monica, California[1]
,
United States
Area servedWorldwide
Founder(s)Agnes Kozera, and David Kierzkowski[1]
IndustryInfluencer Marketing
Employees11-50[1]
URLwww.famebit.com

FameBit is an interactive entertainment company founded in 2013 and headquartered in Santa Monica, California.

The company develops and maintains a popular Influencer Marketing link sharing platform. As of 2016 the company has been a subsidiary of Google, grouped under their YouTube division.[2]

History

As independent company

FameBit was formed in 2013 by high school friends Agnes Kozera, and David Kierzkowski. Kierzkowski had previously co-founded the digital marketing platform TapClicks.[3] He was approached by Kozera who was the founder of SeasonsBox, a subscription based gift delivery service, which had used social media influencers for advertising.[4] The two developed FameBit as a link sharing platform which allowed companies to post offers to influencers.[5][6]

In February 2014 FameBit was one of two Canadian based companies accepted into 500 Startups venture fund.[7]

By 2015 FameBit had signed up over 9,000 YouTubers, and had run over 1600 campaigns for more than 1200 brands. At the time the average subscriber count for a FameBit Influencer was 46,000.[8]

By the end of the 2015 that number had risen to 21,000 across 6 social media platforms (Vine, Twitter, Facebook, Tumblr, Instagram, & YouTube)[9]

By 2016 FameBit had helped in the creation of over 25,000 branded videos, with and estimated 2 billion minutes of viewing time.[10]

Acquisition by Google

On October 11, 2016, Google acquires Famebit, for what was later disclosed to be 36 million dollars. At the time of purchase, FameBit claimed 50,000 registered users. Google planned to merge the platform within their YouTube division.[11][12][13]

Since being acquired by Google, FameBit has allowed marketers to retarget videos made on FameBit to viewers via Google's Ads.[14]

On 2020, FameBit shut down its self-service program which allowed creators to independently find brands to work with.[15]

On June 16, 2020 the company rebranded as YouTube BrandConnect.[16]

Business Model

FameBit acts as a platform for companies to post requests for social media content creators to advertise products and services, for a negotiable fee.[17] FameBit receives 10% of this fee.[18]

Controversy

FameBit has been criticized by brands for allowing YouTubers to join without verifying their followers. FameBit has also been criticized by Content Creators for banning them from the platform due to brand disputes.[19]

Several employees have claimed that FameBit promotes a toxic work environment, with 3 out of 4 of their glass door reviews awarding the company 1 star.[20]

References

  1. ^ a b c d "FameBit AngelList Profile". angel.co.
  2. ^ "Google Acquires Famebit To Connect YouTube Creators With Brands". techcrunch.com.
  3. ^ "Starup Dreams Come True As FameBit Engineers Head To California". therecord.com.
  4. ^ "FameBit turns any business brand into a Youtube star". itbusiness.com.
  5. ^ "Bloomberg Profile on David Kierzkowski". bloomberg.
  6. ^ "Agnes Kozera on small budgets and big results". StreamDaily.
  7. ^ "2 CANADIAN TEAMS MAKE THE 500 STARTUPS CUT: FAMEBIT AND VENUESPOT". betakit.
  8. ^ "FameBit's Long Tail Of Creators Grow To More Than 9k YouTubers". techcrunch.com.
  9. ^ "FameBit Banks On The Little Guy". streamdaily.com.
  10. ^ "Google Acquires FameBit". variety.com.
  11. ^ "YouTube FameBit Branded Content Product Promotion". theverge.com.
  12. ^ "Startup Dreams Come True As Famebit Engineers Head To California". therecord.com.
  13. ^ "Publishers Acquiring Marketing Agencies Surge". adage.com.
  14. ^ "YouTube's FameBit New Sales Boss Expanded Platform Post". marketingland.com.
  15. ^ "YouTube's FameBit Shutters Self-Service Influencer Marketing Platform To Prioritize In-House Matchmaking". Tubefilter. 2020-05-13. Retrieved 2021-05-20.
  16. ^ "YouTube's FameBit rebrands as YouTube BrandConnect, shuts down its self-service program". finance.yahoo.com. Retrieved 2021-05-20.
  17. ^ "YouTube's Marketing And Content Platform Nets Startups Millions". techcrunch.
  18. ^ "FameBit Overview". influencermarketinghub.com.
  19. ^ "Famebit Seedy Underbelly Influencer Marketing Tale". linkedin.com.
  20. ^ "FameBit Glassdoor Profile". glassdoor.com.

External links

  • Official website