TECH CRUNCH - On a quest to show the FTC that it isn't a monopoly, Meta flooded a wide swath of major tech companies with subpoenas including Dispo. Meta makes 36 separate requests for Dispo's internal documents, including user metrics on "an hourly and daily basis," any documentation about who the small company views as its own competition and "all documents sufficient to identify your assessment of the primary reasons why your users use each of your products." Some, like a request for any user privacy complaints, are even further afield.
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Meta Subpoenaed Tiny Rival Dispo to Prove It Isn't a Monopoly
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Dispo Launches a Test To Gauge User Interest in Selling Their Photos as NFTs
TECH CRUNCH - The photo-sharing app that emulates disposable cameras, Dispo started rolling out a test to record user interest in selling photos as NFTs. CEO and co-founder Daniel Liss said that Dispo is still deciding how to incorporate NFT sales into the app, so the platform is piloting a test with its users.
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Dispo Confirms Series A Funding, High-Profile Advisors, and Investors
TECH CRUNCH - June 9 - Dispo put out a press release confirming the financing event. Though Seven Seven Six and Unshackled Ventures intend to donate profits from the app, they remain listed as investors, while Spark Capital is not. Other notable names involved in the project were also confirmed as investors or advisors. Now, Dispo is promoting the app as a mental health benefit, hoping to shift the tide away from manufactured perfectionism toward more authentic social media experiences.
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Spark Capital Decides to "Sever All Ties" With David Dobrik's Dispo
TECH CRUNCH - Mar 23 - Venture capital firm Spark Capital has decided to 'sever all ties' with Dispo, a photo-sharing app co-created by famous YouTuber David Dobrik. The move was triggered by a recent investigation by Business Insider that exposed allegations from a woman who said that a member of Dobrik's Vlog Squad sexually assaulted her. Dispo said the following: "David has chosen to step down from the board and leave the company to not distract from the company's growth. Dispo's team, product, and most importantly- our community- stand for building a diverse, inclusive, and empowering world." Other sponsors of Dobrik, including HelloFresh and Dollar Shave Club, have ended their partnerships with the creator.
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Disposables, the Future of Photo Sharing
NEW YORK TIMES - Feb 26 - Dispo, a new photo-sharing app that mimics the experience of using a disposable camera, is taking off. The app is founded by David Dobrik, a YouTube star. In the app, users frame photographs through a small rectangular viewfinder. There are no editing tools or captions. Multiple people can take photos on the same roll, as might happen. Though Dispo's latest version has only been available to the public for less than a week, the app climbed the ranks in Apple's App Store this week. Dispo has already begun expanding internationally, especially in Japan, where the company plans to open an office. In a seed funding round in October, led by Reddit co-founder Alexis Ohanian's firm Seven Seven Six, Dispo raised $4M. This week, the company raised $20M at a $200M valuation in a Series A funding round led by Spark Capital. Dispo has also held talks with other major venture firms, including Sequoia Capital, Andreessen Horowitz, and Benchmark.
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Dispo Announces $4 Million in Seed Funding
PRNEWSWIRE - Oct 7 - Dispo, the social network co-founded by digital star and TV personality David Dobrik, has raised $4M seed round led by Alexis Ohanian's Seven Seven Six. The funding will be used for a rebrand which includes a new look and feel, along with a number of new features that will enhance the experience for the growing Dispo community. Dispo launched as an app to replicate the experience of taking photos on a disposable camera, without a front-facing screen and a catch whereby users must wait roughly a day for their photos to 'develop'.
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