SPILL To Launch Community Investment Round on March 10th

Download SPILL to be notified first

If you are reading this, you most likely do not need an explanation as to what social media is.  What you may not know is how damaging legacy platforms have become due to the incessant and escalating maelstrom of hate speech and harassment that many of us endure everyday.

Of the 300 million Americans who use social media, almost 40% have experienced some form of hate speech in the last 12 months alone.  As legacy platforms continue to roll back their policies on Trust & Safety, Misinformation and Community Standards, this problem will only continue to metastasize.

Failing to solve this problem is not just a moral issue - it’s an economic one.  The cost to public health, lost productivity, eroding trust in institutions and social/political unrest in the U.S. will be  $150B - $500B over the next 10 years.

The human cost, however, will be far worse as these platforms play an increasingly outsized role in shaping the communication habits and self-image of young people.   The epidemics of social isolation, depression and polarization we’re already seeing will only worsen, resulting in a generation that is both incapable and disincentivized from connecting with each other.

This is why we started SPILL.  During my time leading social media at Twitter, I was stunned by how normal it became to ingest racist, violent or nasty exchanges on a daily basis.  I learned that trying to address the problems at the legacy platform level was ineffective as once a platform’s “culture” is set, it is very difficult to change.   What is needed is a new model, with new incentives, that offers a fresh way to connect and stay informed.

While we've been successful in raising venture capital for SPILL, we are a community driven product and believe strongly that the community that helps us grow in the early stage should have the opportunity to benefit as well.  Thus, as part of our most recent round of funding, we'll be launching  our "Own The Conversation" Community Round on March 10th.

Download SPILL to be the first to receive notification once the round is live!

We’re excited to continue building an exceptional product and thank everyone for joining us on this journey!

Cheers,

Phonz

Co-Founder and CEO, SPILL