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Flipis a social commerce app that permit shopper become creators . They can share honest follow-up and earn cash found on booking on the weapons platform . As Flip compete with TikTok Shop and other platforms in a highly competitive market , it has introduced a newcreator fundthat offers a unique chance to help it tolerate out .
The Lord investment company softly rolled out earlier this week and furnish up to $ 100 million worth of equity to participating Creator over the next five or so year . Grants roam from $ 6,000 to $ 100,000 , bet on a Godhead ’s stage of conflict . Notably , Flip target to distribute up to $ 1 million per day for the first 30 daytime of the computer programme .
The novel system sets Flip aside from competitors because it offers drug user fairness economic value , which has the potential for real long - terminus returns . Creators who remain with the programme could see significant benefits , depending on Flip ’s winner in the dear future . ( However , it ’s important to note these returns are n’t secure and vary based on securities industry conditions . )
To be eligible , a Flip Divine must have over 4,000 followers and at least 10 video recording posted in the last 30 days , each garnering around 3,000 views . Flip also accepts Creator with at least 20,000 followers on other platforms like Instagram , TikTok , and YouTube . Flip revaluation applications and awards grant within 48 to 72 hour , the caller notes .
Payments will happen in five age or preferably in the outcome of a company sales agreement . In either font , payment will be made in John Cash . Regarding a potential learning , however , Flip President Eddie Vivas shared with TechCrunch , “ We do n’t currently see an acquisition as an interesting outcome for our company . Our destination is to take the company public one day . ”
Within 72 hours of launching the program , most 10,000 influencers have applied , harmonize to Vivas . He say that approximately 22 % of the lotion came from large influencers . Users can currently view a live leaderboard of all the grants on the Lord fund Sir Frederick Handley Page . As of this composition , the highest grant award is $ 67,000 to Tyler K ( @cheftyler ) .
As TikTok ’s future in the U.S. remains undecipherable , Flip is in all likelihood bet on its new creator fund to incentivize more user to actively participate on the platform .
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Amid the current TikTok play , Flip has find significant emergence , garnering580,000 new downloadsin January alone , concord to estimates from app store intelligence provider Appfigures . It has a total of 7.8 million world-wide app downloads across the App Store and Google Play Store , per Appfigures .
to boot , Flip is presently gaining about 250,000 new users daily , with citizenry spend an average of 35 minutes in the app every twenty-four hour period , fit in to the company .
On Monday , Flip made it to the No . 10 spot in the Overall Top Charts in Apple ’s U.S. App Store .
To maintain traction and ride out competitive , Vivas say that Flip plans to introduce additional societal features in the coming months . These include polls , grouping chats , and “ elegant ways to repost , ” he say .
“ We are focused on becoming a more full - featured , dynamical social commerce platform building on the base we have today , which is now intelligibly work , ” Vivas articulate .
Flip , which launched in 2021 , has raised $ 236 million to escort . The fellowship is respect at $ 1.1 billion .
