Photo - TalentX
59096

TalentX

Nigeria
Market: Entertainment
Stage of the project: Prototype or product is ready

Date of last change: 21.11.2022
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Idea

Building a creator funding system that is 100% backed by intellectual property. Our Protocol is an end-to-end system that helps African creators access funding, production management and monetization

Current Status

⁃4 projects funded (1 in 2021, 3 in 2022)
⁃$1.5M portfolio Equity value.
- 50% creative funded
- 850+ Jobs created directly
- $10.5M Portfolio Startup Value.
- 5 Countries reached
⁃$5k upfront revenue earned as pilot revenue
⁃$100k+ processed on TalentPro (our production management solution)

Problem or Opportunity

We realized that 70% of these creators cannot raise funding for their content and have a success rate at 30% - 40% while we have unstructured industry and low transparency.

Solution (product or service)

Our solution is simply building an end-to-end protocol helping 200k creatives access funding, production management and monetization which is uniquely 100% backed by creative IP.

Our product/solution is built in modules;
- A protocol system that helps creatives access funding easily and increases their success rate to 80% which is 100% backed by creative IP.
- Tech production management integration product that saves 30% of production time.
- Monetization platform that helps creators earn 20x more and democratize ownership

Business model

We make money by taking 10- 15% project management fee on TxP (TalentX Protocol) and 10% of content revenue on Grid (content monetization platform). 


Average TxP revenue per project is $10k, Average Grid revenue is $500 per 1000 view and at projected revenue of $800k by 2023
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