Combining and summarizing your online reviews and social interactions to convey your reputation.
Amount Raised
$735,000
Investors
12
Days Left
Funded
Regulation D Offering
Even with the rapid rise of the sharing economy, 67% of consumers still rate lack of trust as their number one concern when doing business and interacting with other people online. (Forbes, 2013)
Only 19% of Millennials believe most people can be trusted compared with 31% for Generation X and 40% for Baby Boomers. (Pew Research, 2014)
10 Year Projected Growth
- Peer-to-Peer Lending and Crowdfunding +63%
- Peer-to-Peer Accomodation +31%
- Car Sharing +23%
- Traditional Accommodation +4%
- Traditional Car Rental +2%
The sharing economy has a 25% annual growth rate.
40% of American adults participate in the sharing economy.
73% of Craiglist users have felt concerned for thier saftey.
Karma features customizable user profiles, robust account management, and a mobile friendly design.
With the Karma browser extension, users can connect accounts and search for other Karma Scores across a variety of services.
Users can:
- View Karma Scores around the web.
- Access user profile content by clicking on Karma Scores.
- Connect supported sites to thier Karma account.
The Plan
Mid 2014: Minimum viable product released
Late 2014: Private Beta release + Begin seed round.
Mid 2015: Open Beta release.
Late 2015: API access for partners.
Mid 2016: Mobile App release.
The Raise
Seed Round (Convertable Note)
- 6% Annual interest
- 20% Discount upon conversion
- $8 Million cap
Seeking $1M to close the seed round:
- Additional engineering talent
- Support more services
- Build out partnership API
- Basic Karma accounts allow limited access to Reviews, Vouches and other data.
- Premium accounts will allow unlimited access to data.
With a Karma Premium account 'Digital Ghosts' can validate thier identity and boost their Karma Score with ID verification and credit checks.
By using the Karma API, other services can immediately generate a meaningful profile for a new user based on that user’s reputation elsewhere.
Sarah joins DogVacay
Without Karma, Sarah is an unknown commodity.
When she signs up for DogVacay, people are unsure whether they feel good about leaving their dog with her because she doesn’t have any reviews.
With Karma, Sarah’s profile is immediately more robust.
Based on her reputation from other services, people feel comfortable using her as a dog-sitter.
Some Early Metrics
- Karma has 110,500 reviews in it's system
- The average number of reviews per user is 64
- 45% of users install the extension upon sign-up
Press
"The lack of trust in the modern age shows a critical need for a platform like Karma..." - TechCo
"Karma scores could make it easier to navigate sometimes unreliable online marketplaces like Craigslist." - BuzzFeed
“A solution to sketchy online encounters…" - builtin LA
“This is a clever approach to a big problem…” - Wired
Prior to Karma, Zach was the executive producer at Fourth Wall Studios where he created and executive produced the Emmy award-winning digital series DIRTY WORK and supervised multiple screen synchronization platform RIDES.tv.
Zach exchanged working in the entertainment industry for leading the troops at Karma as the CEO. His vision, patience, and management skills are what makes him a truly exceptional leader.
Prior to Karma, Zach was the executive producer at Fourth Wall Studios where he created and executive produced the Emmy award-winning digital series DIRTY WORK and supervised multiple screen synchronization platform RIDES.tv.
Zach exchanged working in the entertainment industry for leading the troops at Karma as the CEO. His vision, patience, and management skills are what makes him a truly exceptional leader.
Collapse BioPrior to Karma, Justin was a senior engineer at Fourth Wall Studios implementing front-end UI for the Emmy award-winning rides.tv interactive video experience. Previously, Justin was a gameplay programmer at Obsidian Entertainment working on games such as the BAFTA nominated Fallout: New Vegas. He has also worked with many Los Angeles startups and agencies on everything ranging from web infrastructure to iOS...
Expand BioPrior to Karma, Justin was a senior engineer at Fourth Wall Studios implementing front-end UI for the Emmy award-winning rides.tv interactive video experience. Previously, Justin was a gameplay programmer at Obsidian Entertainment working on games such as the BAFTA nominated Fallout: New Vegas. He has also worked with many Los Angeles startups and agencies on everything ranging from web infrastructure to iOS development.
Collapse BioPrior to Karma, Mike was a senior mobile designer at Fourth Wall Studios. As a technical designer and developer, Mike created and built mobile applications using his background in game design, game production, mobile interaction and mobile games. Before this, Mike worked as a designer at Psychic Bunny and 42 Entertainment.
Prior to Karma, Mike was a senior mobile designer at Fourth Wall Studios. As a technical designer and developer, Mike created and built mobile applications using his background in game design, game production, mobile interaction and mobile games. Before this, Mike worked as a designer at Psychic Bunny and 42 Entertainment.
Collapse BioPrior to Karma, Kellee moved through the ranks at Airbnb starting as a community support agent and onto managing a team of Trust & Safety investigators. She's been involved in other collaborative consumption companies such as Lyft and Postmates and is a true advocate for the sharing economy.
Prior to Karma, Kellee moved through the ranks at Airbnb starting as a community support agent and onto managing a team of Trust & Safety investigators. She's been involved in other collaborative consumption companies such as Lyft and Postmates and is a true advocate for the sharing economy.
Collapse BioEva Ho is a General Partner at Susa Ventures, an early stage technology fund investing in companies that leverage the power of data to create market-leading platforms, tools, and analytics with inherent network effects. Eva is a serial entrepreneur and founder, most recently a founding executive at Factual, a leading location data provider in Los Angeles. Prior, she was a Senior Product Marketing Manager at Google...
Expand BioEva Ho is a General Partner at Susa Ventures, an early stage technology fund investing in companies that leverage the power of data to create market-leading platforms, tools, and analytics with inherent network effects. Eva is a serial entrepreneur and founder, most recently a founding executive at Factual, a leading location data provider in Los Angeles. Prior, she was a Senior Product Marketing Manager at Google and Youtube for 5 years. Prior to Google, she was the head of marketing for Applied Semantics, a company that sold to Google in 2003. She also co-founded Navigating Cancer, a healthcare startup, in 2008 which is now based in Seattle. She is deeply involved in supporting entrepreneurs in her role as advisor/mentor at WebFWD, MuckerLab, Common Crawl, and newMe Accelerator. She is also active in the non-profit sector, serving on the boards of First Descents, Iridescent and Whole Child LA. At Iridescent, she focuses on building STEM literacy and capacity for the underserved K-12 population. Eva holds an MBA from Cornell and a BA from Harvard.
Collapse BioAs the former CMO and SVP of Microsoft, Mich Mathews-Spradlin oversaw the company's global marketing function, including the household brands of Windows, Office, Xbox, Internet Explorer and Bing. She retired from Microsoft September 1st 2011 after 22 years.
Mathews-Spradlin led Microsoft’s consumer and business-to-business marketing to hundreds of millions of customers in over 70 countries. She was instrumental in...
As the former CMO and SVP of Microsoft, Mich Mathews-Spradlin oversaw the company's global marketing function, including the household brands of Windows, Office, Xbox, Internet Explorer and Bing. She retired from Microsoft September 1st 2011 after 22 years.
Mathews-Spradlin led Microsoft’s consumer and business-to-business marketing to hundreds of millions of customers in over 70 countries. She was instrumental in driving the growth of Microsoft’s global business by building several of the world’s leading technology brands. An expert in brand building, marketing strategy and reputation management, Mathews-Spradlin shaped Microsoft to be one of the most consistently admired brands in the world.
Mathews-Spradlin is a marketing leader with depth expertise in digital and traditional media. She built Microsoft’s global marketing function by developing deep talent and expertise in brand strategy, data and analytics, advertising, public relations, CRM and experiential. In addition to marketing, Mathews-Spradlin has strong operational skills and orchestrated a marketing organization of several thousand people around the globe responsible for a multi-billion budget.
As the most senior woman at Microsoft, she was also a strong advocate for female advancement and personally spearheaded the company’s network and mentoring program for female progression at the company.
Mathews-Spradlin began her career with Microsoft in 1989 as a consultant in the U.K. She later joined Microsoft in the United States in 1993 and became a corporate officer in 1999. She served on both Bill Gates’ and Steve Ballmer’s leadership teams. Prior to working with Microsoft, Mathews-Spradlin spent three years at General Motors. She has a degree in Business from the University of Brighton.
Mathews-Spradlin now spends her time angel investing, primarily in the technology sector. She also serves on Unilever’s digital advisory board and on the boards of Wendy’s, Oanda, The Bouqs and Bitium. She is also a professor in residence at the University of Southern California.
David has nearly two decades of experience as a technology entrepreneur. After graduating with a masters degree from MIT’s Media Lab in 1995, David co-founded Firefly, an early pioneer in personalization and privacy technology. Firefly was acquired by Microsoft in 1998 where the company’s flagship product became the Microsoft Passport, the web’s first unified authentication and identity platform. After Firefly,...
Expand BioDavid has nearly two decades of experience as a technology entrepreneur. After graduating with a masters degree from MIT’s Media Lab in 1995, David co-founded Firefly, an early pioneer in personalization and privacy technology. Firefly was acquired by Microsoft in 1998 where the company’s flagship product became the Microsoft Passport, the web’s first unified authentication and identity platform. After Firefly, David co-founded PeoplePC, a company dedicated to simplifying the process of joining the online world. PeoplePC served over 600,000 individual subscribers as well as Fortune 100 corporations such as Ford Motor Company, Vivendi Universal and Delta Air Lines. PeoplePC went public in 2001 and was acquired by Earthlink in 2002.
In 2005, David co-founded SpotRunner, a Los Angeles-based technology company that worked to revolutionize the way advertising was created, planned, bought and sold. Since leaving Spot Runner, David has dedicated his time to helping entrepreneurs realize their goals. He is an active mentor in several prominent Los Angeles accelerators, including Amplify, LaunchPad LA, and MuckerLab. David lives in LA with his wife, three daughters, and a ludicrous number of pets.
Collapse BioCurrently working in stealth as a Co-Founder for a Social Media Influencer platform. Previously, as Head of Data Partnerships at Twitter, Glen was responsible for working with the largest software companies in the world to ensure Twitter data is at the forefront of business critical decisions. He was previously performing the same role for Gnip prior to its acquisition by Twitter in 2014. Prior to Gnip, Glen built...
Expand BioCurrently working in stealth as a Co-Founder for a Social Media Influencer platform. Previously, as Head of Data Partnerships at Twitter, Glen was responsible for working with the largest software companies in the world to ensure Twitter data is at the forefront of business critical decisions. He was previously performing the same role for Gnip prior to its acquisition by Twitter in 2014. Prior to Gnip, Glen built products that reached more than a billion people at Microsoft, Palm, Good Technology, Sprint, and AOL. He received his M.S. in Information Systems from The George Washington University and is @theeglenner on Twitter.
Collapse BioEntrepreneur and investor, Nick Grouf, has successfully built and sold several seminal technology, media and entertainment related businesses over the past 20 years.
With a strong track record for catalyzing innovative ideas and turning them into new businesses, Grouf has focused many of his ventures on harnessing the democratizing power of the Internet. Grouf is the founder and Managing Director of Clementine, a...
Entrepreneur and investor, Nick Grouf, has successfully built and sold several seminal technology, media and entertainment related businesses over the past 20 years.
With a strong track record for catalyzing innovative ideas and turning them into new businesses, Grouf has focused many of his ventures on harnessing the democratizing power of the Internet. Grouf is the founder and Managing Director of Clementine, a Los Angeles based investment firm focused on incubating, capitalizing and launching high-tech businesses in both the consumer and business-to-business sectors.
A native New Yorker, Grouf holds an M.B.A. from Harvard Business School and a B.A. with honors from Yale, where he was awarded the Norman Holmes Pearson Prize for Best Thesis.
Andy is the Founder and Managing Partner at Great Oaks Venture Capital. He has helped seed over 200 technology and consumer startups over the last three decades. In the last ten years, Andy has been an early stage investor in 150 internet platform businesses. Prior to founding Great Oaks in 2003, Andy was a Managing Director at Neuberger Berman, co-founded a successful asset management business and was an...
Expand BioAndy is the Founder and Managing Partner at Great Oaks Venture Capital. He has helped seed over 200 technology and consumer startups over the last three decades. In the last ten years, Andy has been an early stage investor in 150 internet platform businesses. Prior to founding Great Oaks in 2003, Andy was a Managing Director at Neuberger Berman, co-founded a successful asset management business and was an executive at Goldman Sachs from 1980 to 1996.
Andy holds a BBA and an MBA from the University of Wisconsin – Madison. Andy has three children and enjoys traveling, golf, tennis, the great outdoors and all things music.
Collapse BioSean Brecker is the Chief Executive Officer at Headspace, Inc. located in Venice, California. Prior to his position at the award-winning digital health platform, Sean was in the finance sector for 15 years, most recently running Commodities origination for Citi in Asia-Pacific, and previously holding senior positions at Nomura and Lehman Brothers in Singapore and London.
Sean received an MBA in Finance from The...
Expand BioSean Brecker is the Chief Executive Officer at Headspace, Inc. located in Venice, California. Prior to his position at the award-winning digital health platform, Sean was in the finance sector for 15 years, most recently running Commodities origination for Citi in Asia-Pacific, and previously holding senior positions at Nomura and Lehman Brothers in Singapore and London.
Sean received an MBA in Finance from The Wharton School at the University of Pennsylvania and a BA in Mathematics and Economics from Wesleyan University. He is married with three children and two pugs and is enjoying life in California.
Collapse Bio