Sayer provides a venue for users to get involved in conversations about trending topics by asking questions and sharing their opinions and predictions. Having raised over $1.1M in seed funding, Patrick Davis, founder and CEO of Sayer, opens up to LA TechWatch about putting the “social” back in social again.
Tell us about the product or service.
Sayer is a crowdsourced opinions and predictions platform where people can have their say about topical, thought-provoking questions. Users can also pose their own questions, called “Sooths”, to their friends and the community at large.
How is it different?
There are plenty of polling apps out there, and we have Google and Quora to get recommendations or answers about how to fix something when it breaks. But, there hasn’t been a platform dedicated to sharing our sentiments and predictions about thought-provoking, open-ended questions. Sayer is a new idea that we think will make social media “social” again by facilitating great conversations in a bite-sized format.
What market are you attacking and how big is it?
We’re primarily looking for individuals who are naturally curious about the world. Typically someone who is a topical content consumer, yet also looking for something bigger.. We’ve found that this core demographic has some college under their belt, and can be found working in nearly any profession. (60m+)
What is the business model?
Eventually, we will monetize curiosity. The obvious sources are from general MAU increases and in-app advertising revenue, yet there’s an awesome B2B benefit. Advertisers and publishers can use statistically significant, quantitative information to shape their overall objectives and forecasting. Need feedback on a new product? Create a sooth. Need feedback on how something performed over the last quarter? Create a sooth. We think that Sayer will be the next big version of consumer shopping engines. Think of it as seller ratings v2.0.
What inspired the business?
In recent years, I’ve found myself getting less and less satisfaction and joy out of social media. Most of my social feeds are usually comprised of narcissistic statements, self-promoting status updates and too many selfies. Social connectivity is earth-shakingly powerful, but I felt like it’s true potential hadn’t yet been realized. I wanted to create a venue for social interaction about big questions, and the world around us. I wanted to create a social network that makes us wiser, happier, more thoughtful, and more engaged in the questions that matter.
What are the milestones that you plan to achieve within six months?
Right now it’s all about product, user acquisition, and retention. We already have a rapidly growing organic userbase, and we are well on our way to meeting our goal of increasing our MAU’s by 3000%.
If you could be put in touch with one investor in the community who would it be and why?
Sequoia Capital or Kleiner Perkins come to mind because of their mobile first portfolios. However, we are always interested in meeting any investor looking for more than just another random social app. We’re challenging assumptions one sooth at a time.
What does being “Made in LA” mean to you and your company?
The tech scene in Los Angeles is booming and we are honored to be a part of it. We find inspiration daily in the startups coming out of Silicon Beach. “Made in LA” to us means innovation, providing solutions that make people’s’ lives more fulfilling and satisfying.
What else can be done to promote early stage entrepreneurship in Los Angeles?
Some of the biggest improvements are already in the works. I live a block from the new Exposition train line, which is going to be a total game-changer connecting “Silicon Beach” with the rest of this amazing city. Also, for me personally the fact that technology isn’t the dominant industry in LA is a major plus. I feel surrounded by inspiring, creative, thoughtful individuals with a totally different perspective than my own. One of the best things LA has going for it is that it hasn’t reached the level of tech saturation as found in other areas.
What’s your favorite after work activity in Los Angeles?
Hitting Rosie’s Dog Beach in Long Beach with my little beast, Ellie.