Chatter

New App for Video Chat

Company Information

Website:

http://www.chatterforcharity.com

Sector:

Internet Software & Services

Location:

Miami, FL

Chatter is a new type of social app. It aims to become the most used 1-to-1 video chat app in the world.

It offers a way to meet new people, video chat with friends, and chat with Celebrities who are raising money for a good cause — all through its video chat technology.

As Niko Bonatsos, Managing Director of top-tier venture capital fund General Catalyst Ventures said: "You guys are really onto something, video chat IS the next frontier."

And as Simon Rothman, Partner at Greylock Venture Capital said, "You have it all. The celebrities, the video technology, the concept. Once you open it up to user to user, things will get really exciting."

The company believes that video chat is the easiest way to make an "authentic" connection online. Think about how much more significant a conversation feels through Facetime or Skype than through a phone call or text.

Chatter got started as a place to chat with celebrities who were raising money for a cause. Celebrities start a Chatter dedicated to the specific charity they believe in. Their fans can then purchase raffle tickets (proceeds go to a celebrity's chosen charity) for an opportunity for a live video chat.

A-list celebrities like Leonardo DiCaprio, Sean "Diddy" Combs, and Jamie Foxx have used Chatter to raise money for charities like the Make-a-Wish Foundation and St. Jude's Children Hospital.

But now the company is about to introduce a new feature called Chat & Chill. This new feature will enable young people to meet each other through video chat.

The company believes that this feature will feel more "authentic" than a traditional dating app. On dating apps like Tinder or Bumble, for example, you see edited or "best of" pictures of someone, chat via text (where it can be challenging to understand someone's tone), and then decide whether to meet in person.

Meeting in person before getting a true sense of someone can be pretty scary, and oftentimes, it can be a waste a time.

The idea of Chatter is to make video interaction safe and easy. This provides more emotional cues right off the bat.

Team Background

Pasha King - Founder & CEO

Pasha started his first company while in school at Carnegie Mellon, where he graduated Summa Cum Laude.

He eventually grew that start-up to become #1 in the phone charging industry, and sold it for $10 million.

Teague Egan - Founder & Chief Chatter Officer

Teague tarted a record label while still in school at USC. His first artist, Sammy Adams, reached #1 on iTunes.

He also started an early-stage investment fund and made investments in 22 companies — companies that have collectively gone on to raise $100 million + in later rounds.

Keith Selvin - CTO

Keith is a graduate of the University of Miami.

He's been coding iPhone apps since the iPhone came out.

Co-Investors

Raising
$1 million
Committed
$28.239K (3%)
Current Valuation
$10 million Cap / % Discount
Min. Investment
$100
Deal Type
Title III
(For all investors)
Offering Type
SAFE
Finance History
  • $670K
    2017-01-01
    Unknown Lead
Notable Investors
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