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To revolutionise the art of taking and sharing notes, while also providing people with a single place to store the wisdom they pick up.
Memo’d has cast its business bet on short form content, creating a social media knowledge-sharing app designed for helping people learn more and retain information longer. Creators release posts with a ten-point structure on a spread of different topics, which users can browse, share, and engage with. The idea is to create a shared and dynamic digital commonplace book, and presumably foster a fertile community of ideas.
The app has seen moderate amounts of traction. But in the online community space, there’s plenty of competition - and it’s not just coming from Twitter or the status feeds of LinkedIn. Uptime and Mentorcam are among the competing startups looking to make a splash with the short-form knowledge sharing concept, and they're leveraging more dynamic formats.
Unlike these competitors, Memo’d has not yet gone down the VC funding route, nor is it looping in influencers to drive footfall onto the platform. Whilst this keeps it firmly independent and community-led, it may lead to comparative onboarding shortfalls.
This is a nut Memo’d may have to crack fast - but with short-form content continuing to be a major online hit, this busily-formatted platform could yet make a strong breakthrough.
Kirsty
Company Specialist at Welcome to the Jungle
Stanley Yuan
(CEO)Previously a Goldman Sachs investment banking analyst, who went on to found Founder (Netflix but for audiobooks) and Neural Networks Capital, an investment firm.