
Swaypay: Not Boring Investment Memo

It also plans to implement a public-facing SwayScore that travels with shoppers wherever they shop. If you remember Klout, it’s like that but way better. Klout gave users a score based on their Twitter activity, and monetized by letting brands run campaigns in which they rewarded high-Klout users with prizes.
Packy McCormick • Swaypay: Not Boring Investment Memo
Strong Early Traction. After a successful beta, Swaypay has 60 retailers on board for its Q4 launch and is targeting 200-300 by end of year.
Packy McCormick • Swaypay: Not Boring Investment Memo
You don’t get any value from your influence other than nebulous social capital.
Packy McCormick • Swaypay: Not Boring Investment Memo
Today, Swaypay’s business model is straightforward. Retailers pay Swaypay 5% on every transaction that goes through Swaypay. Here’s how it works:
Packy McCormick • Swaypay: Not Boring Investment Memo
If I post, I keep the discount and Swaypay keeps the $5
Packy McCormick • Swaypay: Not Boring Investment Memo
Retailers respond to Swaypay because by offering discounts in exchange for social sharing, they can increase conversion at checkout, acquire new shoppers while generating margin on the first sale, and drive stickiness by working with shoppers. The shopper wins, the retailer wins, Google and Facebook lose (a little).
Packy McCormick • Swaypay: Not Boring Investment Memo
I have 30 days to post a picture of myself wearing the shirt to Instagram
Packy McCormick • Swaypay: Not Boring Investment Memo
If I don’t post, I pay back my discount.
Packy McCormick • Swaypay: Not Boring Investment Memo
Kaeya and Team. Kaeya has been in ecommerce since going on Shark Tank at 19 (video below, of course) and has been on both the seller and platform sides. She’s building a high-quality team with super relevant experience