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BY MARIAPAULA GONZALEZ

Storytime aims to turn influencer marketing into a scalable, city-by-city marketplace for local businesses.

When Aris Yeager and Philip Davis quit their jobs at influencer marketing software company Lefty to start their own business Storytime in 2024, they weren’t sure whether they were about to raise venture capital—or get sued.

The co-founders had met one year earlier, when Davis hired Yeager as an influencer marketing specialist on his team at Lefty. While working for the Paris-based startup, they saw how luxury brands such as Louis Vuitton and Sephora manage influencers with huge budgets, 100-person teams, and software that costs about $1,500 a month.

At the same time, Yeager was running into friction as he engaged with local brands as a content creator. The 25-year-old had begun cultivating a flamboyant internet persona—known as Louis to his audience—about three years earlier while attending Northeastern University. Today, he has roughly 3 million followers across TikTok and Instagram and regularly commands five-figure brand deals.

Yeager tells Inc. “there was no easy way” to communicate with the brick-and-mortar businesses he visited daily. That sparked an idea: “I was like, ‘Okay, this needs to be more automated—this whole space.’”

As the U.S. head of growth at Lefty, Davis, 27, wrestled with that inefficiency from the other side. The company’s software worked well for global brands, he says, but fell short for fast-growing, location-based businesses trying to drive real foot traffic. So, when Yeager brought him the problem, they built something that did.

Lefty’s co-founder and former CEO Thomas Repelski wasn’t too thrilled when he found out, though, according to Yeager. “He was like, ‘Yo, you’re building in the same space? What the hell?’” he recalls“I thought we were gonna get into legal trouble.”

Instead, their ex-boss became one of their earliest investors.

Betting on the power of hyperlocal influencers

About a year and a half ago, Yeager and Davis launched Storytime, an influencer marketing platform that connects local content creators with 450 businesses across 1,000 New York City locations, from restaurant chains to jewellery brands to coffee shops. The startup has so far raised about $1 million in pre-seed funding that values it at $15 million. And while Storytime only began monetizing last April, Davis expects to make anywhere from $2 million to $3 million in revenue by late summer.

For brands, the set-up is simple. After downloading the app, they can tailor campaign details, select reach tiers for influencers, and set offer amounts. Storytime takes over from there.

Any Instagram user with at least 2,000 followers can apply to join the platform as a creator, but not everyone gets accepted. Only those with strong local reach—which Storytime measures through audience city demographic data it collects via Instagram’s API—actually make the cut.

Here’s how the math works: a creator with 50,000 followers might draw 5,000 views on a post, but if only 10 percent of that audience is in New York, that translates to about 500 local views, according to Davis. Meanwhile, a smaller creator with 5,000 followers could see 2,000 views per post, with half that audience based in New York—or roughly 1,000 local views. “Their local reach is actually going to be twice as high as the much larger influencer,” he says.

Small business success stories

Most businesses pay a flat monthly fee to use the Storytime app. It costs as little as $150 for 15 Storytime creators per month for smaller brands, while larger brands pay about $5 per influencer collaboration, or roughly $2,500 for 500 collaborations.

That predictable pricing appealed to Ana Luisa, a jewellery brand accustomed to expensive influencer partnerships with murky returns. Storytime allows the Brooklyn-based company to keep its influencer spend under $500 each month and reward creators with gifts ranging from a $30 store gift card to a custom, solid-gold charm bracelet.

Ana Luisa measured a 30 percent increase in internal foot traffic metrics during its first two weeks of working with the startup. Eve Gertzman, the brand’s marketing director, says those gains have held steady in the slower seasons: “For us to be able to maintain pretty strong levels of foot traffic, even in these cold New York weathers, we can heavily attribute that to Storytime.”

For Joe and the Juice, Storytime’s value extends beyond foot traffic. Global brand manager Raania Hammoudan says the platform gives her the ability to dictate how local creators post about Joe and the Juice, including which products they feature, during campaigns like its collaboration with tennis star Novak Djokovic last fall. “That is so valuable to us,” she says.

The bigger picture

The shift towards brands working with hyperlocal influencers has been building for about two to three years now, according to creator economy expert Keith Bendes. “The more reach is harder to achieve organically without paid media, the more you’re trying to niche down to find the loyal pockets,” he says.

The question now is whether Storytime’s local-first model can scale. Yeager and Davis say they’re planning to expand into new cities, including Miami, in the near future. The co-founders are also planning to enter industries beyond food and beverage and add more features like paid campaigns across TikTok and Instagram.

The marketplace they imagined almost two years ago is just getting started. “My vision with it is to make it a ClassPass for creators,” Yeager says. “Every single business that’s on ClassPass, I believe could be on Storytime.”

Feature image credit: Getty Images

BY MARIAPAULA GONZALEZ

Sourced from Inc.

While YouTube continues to frustrate creators by continuing to demonetize their videos based on the nature of their content, Facebook is looking to attract more videomakers with promises of prosperity. The social giant has announced several new and expanded monetization options for its creators, including the launch of a marketplace that connects brands to like-minded influencers.

The marketplace, titled Brand Collabs Manager, had previously been available to a small group of users but will now be opened up more widely. It gives brands the opportunity to search for creative partners with whom they can make deals. It’s a tool that sounds a lot like other branded content matchmakers on the social web, such as Google-owned FameBit.

Facebook has also announced expansions of both its ad breaks and fan subscriptions features. The former tool, launched last year as an answer to YouTube’s pre-roll ads, are now being offered to a larger group of creators in the US, particular those who specialize in long-form content. The recently-launched fan subscriptions, which let buyers unlock additional features on creator channels by paying a $4.99 fee each month, will be rolling out to more hubs as well.

By developing both of those features, Facebook is offering multiple monetization solutions in order to meet the needs of a growing and diversifying creative community. “We want to provide different ways for creators to make money on Facebook, so they can choose what makes sense for their content and community,” reads a blog post co-attributed to Facebook VP of Product Fidji Simo (pictured above). “For example, creators with longer content that fans come back for can monetize effectively through ads. Creators with super-fans or niche content can earn money directly from their audience through fan subscriptions or digital goods.”

For creators who, according to the post, upload “longer, authentic content that brings people back, that are focused on building a loyal community of fans, and who meet our monetization standards and follow our content guidelines for monetization,” Facebook is launching the Facebook for Creators Launchpad, a program that will help those videomakers further their digital careers. Applications for that program are available here.

By announcing all of these new ways to make money on its platform, Facebook is sending a clear message: If you’re a creator who is dissatisfied with YouTube, come to us. To hammer home that point, the social giant is expected to have a big presence at VidCon, where some of its top stars will hold court at a booth on the Exposition Floor.

Sourced from tubefilter