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YouTube BrandConnect

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YouTube BrandConnect
Current logo as a subsidiary of YouTube
Type of businessPrivate[1]
Founded2013
Headquarters
Santa Monica, California[1]
,
United States
Area servedWorldwide
Founder(s)Agnes Kozera, and David Kierzkowski[1]
IndustryInfluencer marketing
Employees11-50[1]
URLwww.famebit.com

YouTube BrandConnect (formerly FameBit) is an interactive entertainment company founded in 2013 and headquartered in Santa Monica, California.

The company develops and maintains an Influencer Marketing link sharing platform. As of 2016, the company has been a subsidiary of Google, grouped under their YouTube division.[2]

History

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As independent company

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FameBit was formed in 2013 by high school friends Agnes Kozera, and David Kierzkowski. Kierzkowski had previously co-founded the digital marketing platform TapClicks.[3] He was approached by Kozera who was the founder of SeasonsBox, a subscription based gift delivery service, which had used social media influencers for advertising.[4] The two developed FameBit as a link sharing platform which allowed companies to post offers to influencers.[5][6]

In February 2014 FameBit was one of two Canadian based companies accepted into 500 Startups venture fund.[7]

By 2015 FameBit had signed up about 9,000 YouTubers, and had run about 1,600 campaigns for about 1200 brands. At the time the average subscriber count for a FameBit Influencer was 46,000.[8]

By the end of the 2015 that number had risen to 21,000 across 6 social media platforms (Vine, Twitter, Facebook, Tumblr, Instagram, & YouTube)[9]

By 2016, FameBit had been used in the creation of about 25,000 branded videos, with and estimated 2 billion minutes of viewing time.[10]

Acquisition by Google

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On October 11, 2016, Google acquired Famebit, for what was later disclosed to be $USD 36 million. At the time of purchase, FameBit claimed 50,000 registered users. Google planned to merge the platform within their YouTube division.[11][12][13]

Since being acquired by Google, FameBit has allowed marketers to retarget videos made on FameBit to viewers via Google's Ads.[14]

In 2020, FameBit shut down its self-service program which allowed creators to independently find brands to work with.[15]

On June 16, 2020, the company rebranded as YouTube BrandConnect.[16]

Business Model

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FameBit acts as a platform for companies to post requests for social media content creators to advertise products and services, for a negotiable fee.[17] FameBit receives 10% of this fee.[18]

Controversy

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FameBit has been criticized by brands for allowing YouTubers to join without verifying their followers. FameBit has also been criticized by Content Creators for banning them from the platform due to brand disputes.[19]

Several employees have claimed that FameBit promotes a toxic work environment, with 3 out of 4 of their Glassdoor reviews awarding the company 1 star.[20]

References

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  1. ^ a b c d "FameBit AngelList Profile". angel.co.
  2. ^ "Google Acquires Famebit To Connect YouTube Creators With Brands". techcrunch.com. 11 October 2016.
  3. ^ "Starup Dreams Come True As FameBit Engineers Head To California". therecord.com.
  4. ^ "FameBit turns any business brand into a Youtube star". itbusiness.com. 16 January 2014.
  5. ^ "Bloomberg Profile on David Kierzkowski". bloomberg. 13 June 2023.
  6. ^ "Agnes Kozera on small budgets and big results". StreamDaily.
  7. ^ "2 CANADIAN TEAMS MAKE THE 500 STARTUPS CUT: FAMEBIT AND VENUESPOT". betakit. 3 February 2014.
  8. ^ "FameBit's Long Tail Of Creators Grow To More Than 9k YouTubers". techcrunch.com. 17 April 2015.
  9. ^ "FameBit Banks On The Little Guy". streamdaily.com.
  10. ^ "Google Acquires FameBit". variety.com. 11 October 2016.
  11. ^ "YouTube FameBit Branded Content Product Promotion". theverge.com. 11 October 2016.
  12. ^ "Startup Dreams Come True As Famebit Engineers Head To California". therecord.com. 14 February 2017.
  13. ^ "Publishers Acquiring Marketing Agencies Surge". adage.com. 17 January 2017.
  14. ^ "YouTube's FameBit New Sales Boss Expanded Platform Post". marketingland.com. 25 October 2017.
  15. ^ "YouTube's FameBit Shutters Self-Service Influencer Marketing Platform To Prioritize In-House Matchmaking". Tubefilter. 2020-05-13. Retrieved 2021-05-20.
  16. ^ "YouTube's FameBit rebrands as YouTube BrandConnect, shuts down its self-service program". finance.yahoo.com. 16 June 2020. Retrieved 2021-05-20.
  17. ^ "YouTube's Marketing And Content Platform Nets Startups Millions". techcrunch. 23 June 2014.
  18. ^ "FameBit Overview". influencermarketinghub.com. 28 February 2017.
  19. ^ "Famebit Seedy Underbelly Influencer Marketing Tale". linkedin.com.
  20. ^ "FameBit Glassdoor Profile". glassdoor.com.
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