Social Media Startup Tsu Pays You to Socialize Online

By Ben Fischer | New York Business Journals

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Editor’s Note: Here is a fairly new social media website that works on a different, than typical mode, and it seems to be catching on. I have enjoyed my experience on it. Maybe you would, too. It requires an invitation to take part. So, you can use the following as that invitation: tsu.co/rgsoleary. Just put that in your browser, click, fill out a little bit of information and you should be all set.

Venture capitalist Fred Wilson declared the Internet’s social media phase “over.” Facebook’s position as king of social appears more secure than ever, and most investors are flocking to private messaging apps.


But against that backdrop, the SoHo-based social media site Tsu has signed up 3.5 million users in six months and hopes to close a Series B funding round within weeks. What explains this counter-market progress and investor attention? The answer is commerce and investing, not social media.

Tsu pays users a cut of the site’s ad revenue based on how many people view its posts. The pitch to newcomers is compelling enough: Facebook is making billions selling ads against your own content and your own network of friends, but they’re not sharing it with you. We do.

But it’s what happens after Tsu kicks that money back to users that seems to have potential beyond just another social platform, which aside from its payment model, looks and feels a lot like Facebook. The site doesn’t collect any credit card or banking information, and won’t cut you a check until you’ve made $100, encouraging users to maintain a balance rather than cashing out.

Without Tsu asking them, some commercial interests and charities with Tsu pages are accepting balance transfers as payments. Last Wednesday, a Denver cycling/juice shop called BambuCycles announced it would accept Tsu dollars for juice, following the likes of Charity:Water, which accepts Tsu transfers as donations.

[Read more here]


Originally entitled: “Social media startup Tsu thinks payments are its golden ticket”

Robert O'Leary 150x150Robert O’Leary, JD BARA, has had an abiding interest in alternative health products & modalities since the early 1970’s & he has seen how they have made people go from lacking health to vibrant health. He became an attorney, singer-songwriter, martial artist & father along the way and brings that experience to his practice as a BioAcoustic Soundhealth Practitioner, under the tutelage of the award-winning founder of BioAcoustic Biology, Sharry Edwards, whose Institute of BioAcoustic Biology has now been serving clients for 30 years with a non-invasive & safe integrative modality that supports the body’s ability to self-heal using the power of the human voice. Robert brings this modality to serve clients in Greater Springfield (MA), New England & “virtually” the world, with his website, www.romayasoundhealthandbeauty.com. He can also be reached at romayasoundhealthandbeauty@gmail.com

 

 

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