Realtime, an invitation-only social media app created by Vernon Coleman and Kevin Robinson just closed a $4 million seed round — making Coleman reportedly one of the youngest Black entrepreneurs to raise venture capital funding.
We did it Joe…. 🤗
Realtime won’t just change the way people connect and interact… We will redefine what it means to be a social network! https://t.co/P9yI5tr3k4
— Vernon (@VernTheLegend) December 18, 2020
According to a Medium post, the investment round led by Alexis Ohanian’s Seven Seven Six also included other big tech investors such as Sam Altman, CEO of Open AI and former president of YC; Scott Heiferman, founder of Meetup; Yancey Strickler, co-founder of Kickstarter; Nick Caldwell, VP of Engineering at Twitter; and several others.
Business Insider reports the co-founders dropped out of the University of California Santa Cruz, in what was supposed to be their final year, so they could focus on building their app.
In the Medium post, Coleman describes it as “a fresh new place where you can just be yourself, speak your mind, and make new friends through fun pop-up video chats. That’s not how it started though.”
Realtime’s initial goal was to make “a way for people to connect with people in real life in ten minutes or less,” Coleman explains in his Medium post.
However, COVID-19 forced them to pivot quickly.
“We recently finished alpha testing while raising this round. We are now releasing new invitations to those on the waitlist for its beta as we prepare for its public launch early next year. The initial seed investment will be used to build upon the existing team, and scale operations,” Coleman said in the Medium post.
Realtime invites you to join their team and community as they are taking people off of their waitlist each day.
To join the Realtime community, click here.