
Swaypay: Not Boring Investment Memo

If I post, I keep the discount and Swaypay keeps the $5
Packy McCormick • Swaypay: Not Boring Investment Memo
Every time you post a pic in your new kicks or answer the question, “Where’d you buy that dress?!” you’re influencing people’s purchasing decisions. Because it’s historically been hard to wrangle, track, and direct small amounts of influence, until now, you’ve done it out of the kindness of your heart. That’s very nice of you, but it causes a... See more
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
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
Swaypay wants retailers to pay you instead of paying Google, Facebook, and Amazon.
Packy McCormick • Swaypay: Not Boring Investment Memo
Previously, it was hard to imagine a retailer giving their valuable checkout space to an unproven startup.
Packy McCormick • Swaypay: Not Boring Investment Memo
If I don’t post, I pay back my discount.
Packy McCormick • Swaypay: Not Boring Investment Memo
For the action to be frictionless, it needs to sit in the checkout flow.
Packy McCormick • Swaypay: Not Boring Investment Memo
Brands are forced to pay Facebook and Google to acquire customers.