Like Beem? Get $BEEM
Community Ownership and Reinvesting in the Community
[UPDATE Apr-8: more investors joined and price keeps going up since last update]
I have news for you: $BEEM
Yes, that’s the shiny Beem’s token.
If you never heard of Beem, shame on you, here’s a very cool article about us.
And check out this short video:
Let’s start with a quick reality check about how the industry is squeezing creators and understand why $BEEM is a paradigm shift from the traditional way to raise money (you know, closed investment rounds every now and then, led by a particular VC).
Question for you, creator: how is it working for you:
- to ask for permission to be seen/heard
- bow to the gatekeepers
- feed an algorithm
- get the crumbs
- see the value you create going straight to the balance sheet of trillion-dollar corporations?
It freaking hurts, right?
But sir, that web3 thingy will make everything better, right?
Possibly. But not miraculously, and only if we wake up and get involved.
Let’s have a look.
Traditional internet companies (the large social media conglomerates we all use, and the dominant streaming platforms) didn’t give a chance to own a piece of them to the millions of creators who made them worth trillions. We all know that, and let’s say it’s the old world we’d like to avoid reproducing in the new Web3 world we’re building.
So we might expect the pure Web3 players to play a different game that aligns with the ethos of this space (community, collaboration, ownership, fairness, transparency, etc.) But is it so? Companies like OpenSea and others (including PFP projects like the Apes or the Punks) are worth billions but the value created is not shared (or poorly) with the community.
And if/when they do release a token, the community gets a pretty small allocation. But that’s only the cherry on the cake. Because the actual cake is (drumroll) the shares of those companies. This is where the real value lies. These will be worth billions or trillions of dollars when web3 goes from niche (where it is today) to mainstream (2–3 years from now).
So may I ask you if you got a chance to buy shares in OpenSea or YugaLabs (the company that owns the Punks and the Apes)?
Right, nobody invited you. You’re “just” a creator, or just a user, you’re not sitting at the investors’ table.
You’re in the pit, not in the VIP room. Once more, history is repeating itself, and once more, leaving out the community that is creating the actual value, hence ignoring the very driving force behind the future of internet and our society at large.
SEIZE THE MEANS OF PRODUCTION
What if you could take an actual stake in the platforms you use and love? Like, from early on, when it’s not yet mainstream? When you think ‘wow, this can be huge’. Being able to put some money in it now, see it grow, and get the upside when it’s big?
That’s Community Ownership. This is what we are doing at Beem with our token. That’s what $BEEM is. A token representing equity in Watch Beem Inc, the company behind Beem.
Each time a token is purchased and minted, the price goes up following a bonding curve defined in the smart contract. And so does the valuation of the company, as the tokens are backed by actual shares.
So the earlier you get $BEEMs, the better your price.
We started at $10 per $BEEM for a $5.6M valuation. Super low by all standards. Why did we put is so low, when most investors valued Beem at around $15–20M? Because we want to give an opportunity to those who see the potential of Beem very early. And that’s you, our community.
Already 40 holders aped in at pre-sale, with many creators and filmmakers like Torsten Hoffmann (producer and director of Cryptopia), executives from major studios like Warner Bros and Legendary Pictures or from YouTube, and Web3 visionaries and doers like Sebastien Borget (co-founder of The SandBox), and Lou Kerner (CryptoMondays, Blockchain Coinvestors).
Price, valuation, funds invested and much more can be checked in real-time. And it takes 5 min to buy.
As creators and community, you already use and like Beem, you see how big it can become, and you can get $BEEMs before larger investors jump in and push the price up. And you, investors, have a transparent and validated model to invest in.
Now we’re all aligned. We all own a piece of the rocketship: founders, team, creators, community, partners, investors.
So what is Beem doing with the money raised?
It’s reinvested in the product and the creators, as follows:
- 30% prod design and dev
- 30% community growth and marketing
- 20% creator support and funding
- 20% operational expenses
In short: you help us help you and the community
Beem is already actively supporting and hosting the Web3 filmmakers who are pioneering the NFT Film space:
- Miguel Faus, with the 1st European NFT short film Calladita
- Cameron Van Hoy with the 1st NFT film franchise Flinch
- Luis Enrique Vanegas, with the 1st Latin American NFT short, Elena
… and dozens more (see below).
I’m an investor, not a creator or a user. Is this for me?
Totally, even if it doesn’t look like the traditional rounds (but more like a continuous line). A number of VCs have already invested. We are aiming to raise $2M over the next 2 months, and reach $10M over the next 12 months.
The community of creators and users has validated the product-market fit with their own money, time and work. As an investor, you can rarely expect such due diligence coming from the market itself.
We don’t have much to invest since what we have is going into making our short film, but we believe in what BEEM is doing and we want to invest little bit, we know it can go a long way.
If you need deeper due diligence, reach out to us. Other VCs have already invested in our token, we’re happy to connect you with them.
Unlike traditional rounds, limited in time and amount, you can invest as much as you feel comfortable as many times as you want at any point in time, at different valuations, balancing your risk.
So if you feel there’s something about Beem that makes sense to you, go ahead and buy some tokens. Get involved, be part of the conversation, and you’ll get alpha ahead of anyone else. And you can buy more tokens further down while we grow.
Where do I go now?
🎯 Check out our portal (and just enter your email to have access to all the data):
🔇 Spread the word, reach out to VCs and investors who are sophisticated enough to invest in tokens.
$BEEM is a security token under SEC Reg D and Reg S, accessible to US tax residents that are accredited investors or companies, and to any non-US resident)
Grateful to our amazing community of NFT creators and supporters: @Julie_Pacino @julian_flores @davidbianchi @shecrypto @SpottieWiFi @NonFungibleFilm @Josephine_LF_ @TheRealCharnick @StarseedFandM @theKimansta @Naufel @MovieShots @dan_sickles @dlauren11 @TorstenHQ @omgchomp @Talk2Much_ETH @_MPE3 @genomartin6 @VIVAfeature @TheRealIanQ @NatalieCrue @YeurriG @adamB4_21 @cimax8a @rafagarroyo @SenseiMilli @ouicannes
Grateful to Joris DLN and thibauld for creating Fairmint that powers the Community Ownership platform used by Beem.
It’s the fundraising model of the future 🚀
Feel free reach out to me by email mihai@watchbeem.com or on Twitter @mihaic
