{"id":22721,"date":"2014-01-16T10:29:34","date_gmt":"2014-01-16T09:29:34","guid":{"rendered":"https:\/\/www.rudebaguette.com\/?p=22721"},"modified":"2014-01-16T10:29:34","modified_gmt":"2014-01-16T09:29:34","slug":"mtv-for-mobile-mindie-fundraising-svangel-dave-morin","status":"publish","type":"post","link":"https:\/\/www.rudebaguette.com\/en\/2014\/01\/mtv-for-mobile-mindie-fundraising-svangel-dave-morin\/","title":{"rendered":"3 Months after launch, &#8220;MTV for Mobile&#8221; Mindie raises $1.2M led by SV Angels &#038; Dave Morin"},"content":{"rendered":"<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-22899\" alt=\"Mindie\" src=\"https:\/\/www.rudebaguette.com\/assets\/Mindie-1.jpg\" width=\"645\" height=\"430\" \/><\/p>\n<p>If you&#8217;ve been <a title=\"The new social network that\u2019s got Jack Dorsey, Mike Arrington &amp; Ashton Kutcher talking about them\" href=\"https:\/\/www.rudebaguette.com\/2013\/12\/05\/mindie-co-the-french-startup-jack-dorsey-mike-arrington-ashton-kutcher-arent-just-talking-about\/\">following the story of Mindie<\/a>, then it&#8217;ll come as no surprise to learn that\u00a0Mindie just raised $1.2 million from SV angels, Lower Case Ventures, David Tisch, Dave Morin &amp; Slow Ventures, Betaworks, Pete Cashmore, Michael Arrington, Troy Carter, Chris Howard &amp; Cashmere Entertainment, along with many other angels. The product, which launched just last October after the startup\u00a0<a href=\"https:\/\/www.rudebaguette.com\/2012\/11\/30\/here-are-the-20-startups-selected-for-seedcamp-paris\/\">pivoted from Ever<\/a>, a &#8220;moment publishing platform&#8221;\u00a0\u00a0earlier in the year, allows users to upload 7 second videos, backed by music sourced from iTunes free-to-use track previews, effectively creating a music video of your life.<\/p>\n<p>I sat down with cofounder\u00a0<a href=\"http:\/\/twitter.com\/stancoppin\" target=\"_blank\" rel=\"noopener\">Stanislas Coppin<\/a> (he is joined by\u00a0<a href=\"https:\/\/twitter.com\/gregoirehenrion\" target=\"_blank\" rel=\"noopener\">Gr\u00e9goire Henrion<\/a>,\u00a0<a href=\"https:\/\/twitter.com\/craffenoux\" target=\"_blank\" rel=\"noopener\">Cl\u00e9ment Raffenoux<\/a>\u00a0&amp; <a href=\"https:\/\/twitter.com\/SimonCorsin\" target=\"_blank\" rel=\"noopener\">Simon Corsin<\/a>), to discuss the product&#8217;s evolution, and how they came to grow so quickly (you can see their activity on Twitter <a href=\"https:\/\/twitter.com\/search?q=Mindie.co&amp;src=typd\" target=\"_blank\" rel=\"noopener\">here<\/a>). After launching Ever, the team noticed that the &#8216;moments&#8217; people most shared were related to music, and, realizing the rest of the product wasn&#8217;t sticky enough, decided to strip out everything but the music moments. Something about Mindie&#8217;s full-screen swipe-able videos makes it very addictive &#8211; the average user swipes through 50-60 Mindie&#8217;s <span style=\"text-decoration: underline;\"><strong><em>per<\/em><\/strong><em><strong> day.<\/strong><\/em><\/span><\/p>\n<p>When the company realized it would need to scale up its activities, it went looking for funding in France. In lieu of a pitchdeck, they brought Mindie and demo&#8217;ed it &#8211; they were shown the door. Subsequently, the Mindie team went to the Silicon Valley and the first door they knocked on, that of SV Angels, was a winner. As Stan tells it, SV Angels intro&#8217;ed them to the entire Silicon Valley, which resulted in <a title=\"The new social network that\u2019s got Jack Dorsey, Mike Arrington &amp; Ashton Kutcher talking about them\" href=\"https:\/\/www.rudebaguette.com\/2013\/12\/05\/mindie-co-the-french-startup-jack-dorsey-mike-arrington-ashton-kutcher-arent-just-talking-about\/\">quite a number of high-profile Mindie users<\/a>.Once word began, French VCs came back, but by then the round was overbooked (with an inflated valuation that comes with people getting excited about your product).<\/p>\n<p>Today, Mindie is still working on polishing the product, and getting ready for a Mindie 2.0 launch that should come in the next few weeks. While the company isn&#8217;t disclosing user numbers, Mindie is seeing a 20% weekly growth, well above what <a href=\"http:\/\/www.paulgraham.com\/growth.html\" target=\"_blank\" rel=\"noopener\">Y Combinator&#8217;s Paul Graham says makes a company a startup<\/a>.<\/p>\n<p>The goal today: become MTV for Mobile. Mindie expects 1 Million users by the end of the year, after which they will likely raise another round to follow in the paths of Twitter, Path, Facebook, Pinterest &amp; more.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you&#8217;ve been following the story of Mindie, then it&#8217;ll come as no surprise to learn that\u00a0Mindie just raised $1.2 million from SV angels, Lower Case Ventures, David Tisch, Dave Morin &amp; Slow Ventures, Betaworks, Pete Cashmore, Michael Arrington, Troy Carter, Chris Howard &amp; Cashmere Entertainment, along with many other angels. The product, which launched<\/p>\n","protected":false},"author":77,"featured_media":22899,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"subtitle":"","footnotes":""},"categories":[10563],"tags":[],"class_list":["post-22721","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tech"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/22721","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/users\/77"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/comments?post=22721"}],"version-history":[{"count":0,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/posts\/22721\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media\/22899"}],"wp:attachment":[{"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/media?parent=22721"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/categories?post=22721"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rudebaguette.com\/en\/wp-json\/wp\/v2\/tags?post=22721"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}