Meeting Summary — Sidekick

Overview

Sidekick is a Web3 live streaming and trading platform focused on meme coins. Its fee model supports a stable user base with 120k paying users and 70k daily active users.
The company is raising $15M at a $150M valuation. $10M is already committed or soft‑circled, leaving a $5M gap.
Competition is intensifying. Tensor has raised $170M, while other leading players have raised between $40M and $100M.
Target users are finance‑oriented consumers. Revenue comes from tipping, advertising, and trading revenue share. Trading is executed via OKX DEX.
Over 40 KOLs have been signed in Asia on 12 + 2 month exclusive terms to build first‑mover advantage.
Technology integrates the OKX DEX API to enable in‑stream trading and reduce regulatory exposure, supported by top‑tier legal counsel.
Founder Jonny brings strong operating experience, previously at Bixin. Team members come from Tencent, Didi, and other major firms.
Operating challenge: Web3 lacks an MCN system. The near‑term plan is to build an MCN in Asia first and delay expansion in the US and EU.
Panga Capital has strong investment interest, focusing on applying a proven business model to a new asset class.
Fundraising goal: complete the round by month‑end.

Platform: Web3 live trading platform focused on meme coins. Core team is based in London, with development in Japan.
User metrics: 2.48M free users. 120k paying users. 70k DAU, including 20k–30k paying DAU. Ranked number one in Asia in the past six months.
- Broad adoption and strong top‑of‑funnel evidenced by 2.48M free users.
- High conversion with a sizable paying cohort indicates resilient monetization.
- Leadership in Asia reflects strong execution in a competitive live commerce category.
Product positioning: social trading with direct in‑stream execution. Emphasis on meme‑coin calls and real‑time trading.