The Select Portfolio represents the Elite of FI, as one of the top 2% of the Founder Institute Graduates that have demonstrated strong early traction. Being hand-picked by the Founder Institute as a company with enough potential to quickly scale and grow into an enduring, global business.
And we are so proud to be one of them! Thank you, Founder Institute for believing in our potential, for betting on the success of Yoobe and for supporting us in every step that we take. ♡
Yoobe is a fully automated merchandise platform, allowing anybody with a mission to establish their own merchandise store within seconds. Yoobe is especially interesting for social influencers because it allows the engagement with fans and designers through crowd-sourced designs. Our A.I. analyses the digital content of social media profiles and suggests the best products based on content and fan-base demographics. Overall a great product for a fast growing market.
Yoobe is tapping into a $40 billion merchandise industry and has found a great market entry vertical with mid-size digital influencers and online celebrities, ready to monetize their established brand. Influencers and celebrities struggle to create their online stores because it requires e-commerce expertise, time and skills to manage daily operations. Yoobe solves that problem and provides a full-service solution from store creation to product fulfillment and drop shipping to customers. Yoobe has also started to explore other market verticals, such as musicians, athletes, charities, and start-up on-demand corporate merchandise solutions.
The three founders are a diverse team of serial entrepreneurs with a combined 40+ years of experience in customization, programming, social media, design, e-commerce, and growing international businesses. The company has grown since mid-2018 to now 10 people and includes a full team of developers, marketing experts, customer service experts, and supply chain operatives.
Yoobe recently completed the BETA testing of the platform and are about to launch a new, updated version including a few exciting new features. Early revenue numbers are promising and the team is now focused on scale-up. Recent partnership deals with Adwizar, Viral Nation and Founder Institute will allow for fast market penetration of influencer, musician and start-up market verticals. The joined commitment is to have 2000+ selling stores opened by the end of 2019, generating an annual revenue of $45M.
The team has further expanded fulfillment capabilities worldwide and Yoobe is rolling out merch accounts with influencers in Peru, Saudi Arabia, Colombia, and Brazil by the end of this month. The Founder Institute (world’s largest idea stage accelerator) will roll out Yoobe start-up funding as part of their new curriculum in all of their 2000 cohorts around the world starting next month.
About Founder Institute:
The Founder Institute has been the world’s premier pre-seed startup accelerator since it’s inception since 2009. The institute helps pre-funding entrepreneurs and teams build an enduring company by establishing a cohesive network of local startup experts who are invested in their success. Leaders of the world’s fastest growing startups have used the Founder Institute to raise funding, get into seed-accelerators, generate traction, recruit a team, build a product, transition from employee to entrepreneur, and more.