Zapstreamby Devan Sood
Zapstream was a social live streaming platform founded in Q1 2015 that grew to 100k users by leveraging influencer marketing, particularly through a network of 30 smaller Vine and Instagram influencers. The startup raised $1M from angels but failed to secure additional funding due to an overly ambitious Series A valuation, and ultimately shut down after spending the entire $1M+ without generating any revenue due to intense competition from Meerkat, Periscope (Twitter), and Facebook Live.
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