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The Plate's mission is to give back creative freedom to culinary creators.
The Plate is a new platform looking to tap into the creator economy for the culinary industry. They offer culinary talent a free, and ad-free, platform from which they can host live streams and creator chats, and build a subscriber base. The Plate then take a portion of any revenue made by creators.
This model has proven remarkably successful across a number of sectors, and it’s clear to see why: creators have complete ownership over audiences, branding, and business growth, and the commission they give up is relatively modest. Once a platform has gained traction, as happened with Substack, for example, or Patreon, it simply offers a more cost-effective solution than legacy institutions. It’s not just a smart opportunity for culinary creators, either. Major brands like Monufuku and Condé Nast have brought substantially more revenue back into their core business by way of fostering the brand and content-production of individual cooks.
So The Plate is on well-trodden and potentially highly lucrative ground - and the model does not yet appear to have been applied to the culinary sector in any substantial way. The Plate launched a beta version in late 2021, so it will be interesting to see whether the creator economy can support the same gains in the culinary sector as it has done elsewhere.
Freddie
Company Specialist at Welcome to the Jungle
Sep 2021
$1.3m
SEED
Nadine Erk
(Co-founder & CCO)Previously a Senior Associate at McKinsey & Company, with a background in business and healthcare consultancy.
Isabell Weiser
(Co-founder & CEO)Previously a Strategy Consultant at Bain & Company, with a background in business.