It seems that every other day there is a startup social network looking to compete with Facebook and Twitter. Lately, there have been a lot of these startups taking aim at sports fans. It is certainly known that Twitter drives a powerful sports conversation. Is it possible though, that a social network suitable for sports fans can compete with the bigs?
Fancred is about to find out.
Fancred Raises $1.5 Million in Seed Funding
Any startup company knows that funding is the difference between finding success and sitting back down on the couch with just an idea. Fortunately for Fancred, they have found help in Atlas Ventures, Militello Capital, Star Power Partners, and a group of angel investors.
With Fancred receiving this funding, they are able to forge ahead by setting up partnerships, build its fan base, and develop their product.
So what exactly is the product?
What Is Fancred?
Fancred is a social app that focuses solely on sports fans. The Fancred score is a 1 – 100 point system that measures your activity and engagement as a sports fan. To increase this score, users can share their thoughts, check-in to games, post articles, converse and build a following. The point system is actually similar to Klout.
The startup social network has made it even easier to share sports content. By downloading the Fancred share button, you can share articles, photos, and GIFs straight from your desktop.
One of the goals of Fancred is to become what Linkedin is to professionals, except for sports fans. CEO Hossein Kash Razzaghi was optimistic:
“There are plenty of ‘niche’ social networks that are used by millions of people around the world every day,”
The app may be up against the odds though, The behemoth that is Twitter is ruling sports conversation with an iron fist. With the company going public, Twitter has been making moves left and right to push the social conversation surrounding sports even further.
Even so, Fancred has the initial funding to turn their project into a contender. Only time will tell if they do. Are you into niche social networks? What about sports social networks?
Photo credit – venturefizz.com
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