Zette achieves crowdfunding goal with Wefunder
Zette easily surpassed Wefunder’s crowdfunding goal, demonstrating the growing demand for easy access to paywalled news.
SAN FRANCISCO, CA, USA, April 10, 2024 /EINPresswire.com/ — Zette, founded by Harvard graduate and former Twitter product manager Yehong Zhu, has raised $750,000, exceeding its initial goal on Wefunder. . The round closed on April 26th, giving investors a limited amount of time to secure a stake in Zette.
Equity crowdfunding, pioneered by platforms like Wefunder, allows anyone to invest in startups with as little as $100. The resilience of crowdfunded startups has defied market expectations. 82% of crowdfunded startups survive within five years of launch, compared to only 50% of traditional startups.
Zette’s unique approach to media access and commitment to fair compensation for newsrooms resonated with investors and users alike. Alongside its ground-breaking ‘Spotify for news’ product, Zette is also pioneering a core AI product for recommending, summarizing, interacting with and contextualizing news content.
“Zette reflects years of AI expertise and a deep understanding of the evolving media landscape,” said Zhu. “Our team is comprised of talent from prestigious institutions such as Harvard University, the Massachusetts Institute of Technology, and the Quebec AI Institute.Together, we are building a sustainable future for quality journalism. We are revolutionizing news consumption while ensuring
Zette has already gained significant traction, with 50,000 registered readers and partnerships with 110 publishers, including industry leaders such as Forbes and New Scientist. Their successful crowdfunding round highlights the growing demand for easy access to paywalled news.
Zette’s campaign ends on April 26th, so visit zette.ai/invest now to secure your stock before supplies last.
sarah lynch
Z
[email protected]
Visit us on social media:
twitter
linkedin
Instagram
