Lithuanian Content Monetization Startup Contribee Secures €100K in Pre-Seed Round
Summary
As of now, the only supported languages are Lithuanian and English.For storing their content, creators can use third-party services like YouTube or Vimeo, or Contribee can provide storage space of its own in EU-based data centers. Interestingly, Paulius Uziela, investment manager at CoInvest, lists the same points of attraction: Contribee is more flexible than some established platforms. In addition, they take into account the geography-related specifics, including local tax environment in different legislations.Mr Uziela also mentions the companys vibrant nature coupled with a strong founding team. For example, several years ago when YouTube began to take down massive amounts of original videos after copyright claims from large corporations. This led to the #WTFU (Wheres the Fair Use) campaign, but still, the issue remains unresolved.In a situation like this, creators who rely on income from their content have to look for better opportunities than established platforms owned by big corporations have to offer.