Keek

This article is about the social networking service. For the invasive weed also known as Keek, see Rorippa sylvestris.
Keek, Inc.
Type Public
Traded as TSX-V: KEK
Founded Toronto, Ontario, Canada
Headquarters Toronto, Ontario, Canada[1]
Area served Worldwide
Founder(s) Isaac Raichyk[2]
CEO Dimi Paun[3]
Key people

Dimi Paun (CEO),

Alex Macdonald (CFO) [4]
Industry Internet
Website www.keek.com
Alexa rank Increase 7,309 (July 2014)[5]
Type of site social networking service
Registration Required to post Keeks, follow or be followed, subscribe or be subscribed to, add text comments, add "Keekbacks", add "Kred", and send or receive private messages.
Launched July 2011[6]
Current status Active

Keek is a free online social networking service that allows its users to upload video status updates, which are called "keeks". Users can post keeks to the Keek website using a webcam or via the Keek mobile apps for iPhone,[7] Windows Phone,[8] BlackBerry,[9] or Android.[10] Users can also reply back with text or video comments, known as "keekbacks", and share content to other major social media networks. There is also an embed option so users can embed their keeks into a blog or website.[11]

Origins

The word "Keek" comes from Scots and means a look, especially a quick one.[12] An inspiration of 2011's TPE(ThePhoenixEmpire) social website. Keek Inc. is based in Toronto, Ontario, Canada, and has around 45 employees.[13] Keek launched in early 2011 to "create a social network that was more authentic and personal. We are committed to delivering the fastest, most engaging social video experience," CEO Isaac Raichyk said in an interview.[14]

Reception

Keek has been described as "the Twitter for video",[2] "Instagram of video"[15] and a "micro version of YouTube".[16] and is often compared to a combination of other major social media networks such as Facebook, YouTube, Tumblr and Twitter. "Keek is more like a combination of YouTube, Facebook and Twitter than its direct competitors."[17]

"What makes Keek different is that it focuses on short, personal video uploads. A 'keek' can only be 36 seconds long, and is usually uploaded directly from a webcam or smartphone camera. So unlike many of the professional vloggers floating around on YouTube, the content is less polished – but also far quicker and reactive. Think of it like Twitter or Tumblr, only this time focused solely on video."[18]

Keek has been described as a "new wave in social media technology" in reaction to the growth it received in 2012.[19]

Growth

In 2012 the Keek community started generating a large amount of original content posting 66,000 videos per day. With the launch of the Keek mobile apps for iOS and Android in March 2012, there was a significant increase in the community and creation of content. Keek added 2 Million users in October 2012 and served 250 million pageviews.[18]

By January 2013 Keek was adding 200,000 users per day to its social network and users were generating 4 million videos per month.[20]

In March 2013, Keek announced the launch of verified accounts. Individuals or businesses can qualify for account verification if they are at high risk of impersonation or if they have large audiences on Keek or other social networks.[21]

Also in March, Keek launched a BlackBerry version of their app allowing BlackBerry 10 users the ability to share videos on Keek, Facebook, Twitter, Tumblr, Email or via SMS.[22]

Between March 2013 and June 2013 Keek added 24 million users to bring its network to a total of 45 million registered users.[23]

On May 17, 2013 Keek added a new private messaging feature, allowing users to privately chat using video or text with up to 36 people at once.[24]

Keek launched a developer portal with API access on June 14, 2013. The new API program will allow developers to access public keeks, search functionality, user profiles, Klusters and more.[25]

Keek launched a Windows phone version of their app on June 27, 2013.[26]

In August 2013 Keek reached a total of 58 million users growing at the rate of 250,000 new users a day. Keek has been the top video app in 18 countries globally.[27]

However, by October 2013 Keek was struggling to raise more venture capital funding through investment firm Morgan Stanley and was forced to downsize its operation to half a dozen staff members.[28]

By November 2013 a reverse takeover bid was announced by oil company Primary Petroleum. The reverse takeover would see Primary Petroleum sell off all of its oil holdings and change its name to Keek Inc, effectively merging the two companies, and bringing Keek to the public stock market.[29] During this time co-founder and CEO Isaac Raichyk left Keek to found a new mobile dating platform called Clover of which he is now CEO.[30][31]

As of June 2014 Keek was set to expand its offices into New York City, and had changed its upper management to include Jamie King as CPO, Lin Dai as CMO, and Alexandra Cameron as the new CEO.[32]

Apps

iOS

The current version of the Keek iOS app is compatible with iPhone, iPad, and iPod Touch running iOS 6.0 or later. The app is free to download in the App Store and can be found in the Social Networking category. The current app, version 4.4, has a rating of 3 out of 5 stars based on 15 user ratings. In total the Keek iOS app has received an overall rating of 4 stars out of 5 based on 14,644 user ratings. The app was last updated to version 4.4 on November 13, 2014.[7]

Windows Phone

The Keek Windows Phone app is compatible with Windows Phone 8 smartphones. The app is free to download from the Windows Phone Store, listed in the Social category. The app was released on June 27, 2013 with version 1.0.0.1. and currently has a rating of 4 1/2 out of 5 stars based on 1,391 reviews. The app is free to download and supports English and Arabic languages.[33]

BlackBerry

The Keek BlackBerry app is compatible with BlackBerry 10 smartphones such as the BlackBerry Z10. The app is free to download from the BlackBerry World store, listed in the Social Networking category. It is currently an Android port and not a native BlackBerry app. The app was released on March 1, 2013 with version 1.0. Currently, version 2.8.4 has a rating of 2 1/2 out of 5 stars. The app is free to download and is rated T for teen. The launch of the app for BlackBerry 10 devices marked the first time Keek was available for any BlackBerry device.[34]

Android

The Keek Android app is compatible with Android devices running Android 2.3 or newer and can be downloaded from the Google Play store. It is currently rated 4.0 out of 5 stars (based on 117,691 user ratings) and has between 5,000,000 - 10,000,000 installs. The app is free to download.[10]

Funding

Funding was originally provided by family and friends of the founder and CEO Isaac Raichyk.[2]

The first round of venture capital funding was led by three Canadian venture capital firms AlphaNorth Asset Management, Plazacorp Ventures and PowerOne Capital Markets Ltd. for $5.5 million (US) on October 5, 2011.[35][36]

The second round of venture capital funding was led by Cranson Capital Securities with participation from Pinetree Capital Ltd. (TSX: PNP) and Whitecap Venture Partners. This round of financing raised $7 million (US) bringing the total investment financing to more than $12 million (US) as of September 18, 2012.[37]

The third round of venture capital funding was led by AGF Investments Inc., Pinetree Capital Ltd. (TSX: PNP) and Plazacorp Ventures, with Cranson Capital also participating. This round of financing raised $18 Million dollars (US) on January 17, 2013 which brings the total investment financing to $30 million (US).[38]

In the fourth round of funding Keek hired Morgan Stanley to raise more venture capital, however, they were unable to do so and Keek was forced to downsize its operations.[28]

An oil company, Primary Petroleum, set up a bid for a reverse take over of Keek which would bring Keek to the public stock market.[29]

Keek launched on the Toronto Stock Exchange(TSX-V: KEK) at 0.10 cents a share,[39] and as of July 2014 it was trading at 0.165 cents a share.[40]

Trademark

Keek Inc. filed for a U.S. federal trademark on February 9, 2011 for the term "KEEK" and was designated the trademark serial number 85237909. The trademark was filed in the category "Computer & Software Products & Electrical & Scientific Products , Computer & Software Services & Scientific Services , Advertising, Business & Retail Services , Communications Services , Education and Entertainment Services". Keek Inc. received the registered trademark for "KEEK" on July 3, 2012.[41]

Demographics

As of July, 2012, 85% of the Keek community were between the ages of 13 and 25, with 69% female engagement, and two-thirds of those users were active during that month.[17]

See also

References

  1. ↑ "Keek.com - Contact Us & Press". Retrieved September 13, 2012.
  2. 1 2 3 Evans, Mark. "Keek: Like Twitter, but video". The Globe and Mail. Retrieved September 13, 2012.
  3. ↑ "Keek Appoints Interim CEO". Retrieved October 14, 2015.
  4. ↑ "Keek Pleased to Announce Internal Promotion - Appoints CFO". Retrieved October 14, 2015.
  5. ↑ "Keek.com Site Info". Alexa Internet. Retrieved July 4, 2014.
  6. ↑ Dobby, Christine. "Toronto's Keek raises $18M for social video networking platform". Retrieved January 17, 2012.
  7. 1 2 "Keek". iTunes. Retrieved January 8, 2013.
  8. ↑ "Keek". Windows Phone 8. Retrieved June 27, 2013.
  9. ↑ "Keek". BlackBerry World. Retrieved March 1, 2013.
  10. 1 2 "Keek". Google Play. Retrieved December 11, 2013.
  11. ↑ "Keek Inc. - Techvibes". Retrieved September 13, 2012.
  12. ↑ "Scots National Dictionary - Keek". Retrieved March 28, 2016.
  13. ↑ Beer, Jeff. "Toronto start-up Keek nets $5.5 million financing". Retrieved September 14, 2012.
  14. ↑ Khan, Humayun. "With 2M New Users in the Last Month, Keek Adds $7M to Expand Video Platform". Retrieved September 18, 2012.
  15. ↑ Issac, Mike. "Keek Raises $7 Million, Fueling the Social Mobile Video App Frenzy". Retrieved September 18, 2012.
  16. ↑ Moreau, Elise. "Mobile Video Sharing With Microvideos On Keek.com". Retrieved September 13, 2012.
  17. 1 2 Humphrey, Michael. "A Chat With CEO of Keek: A Micro-Video Site Betting On Youth, Full Engagement". Forbes. Retrieved September 13, 2012.
  18. 1 2 Summers, Nick. "Social video platform Keek raises $7m, adds a whopping 2 million users in last 30 days". Retrieved September 18, 2012.
  19. ↑ Sheets, Conner. "What Is Keek? All About The Hot Social App For iPhone And Android". Retrieved January 8, 2013.
  20. ↑ "Social video platform Keek raises $18 million to release new features and on more platforms". Retrieved June 19, 2013.
  21. ↑ "Keek App Adds Twitter-Style Verification Program To Mobile Social Video Network". Retrieved June 19, 2013.
  22. ↑ "Keek Social Video App Arrives on BlackBerry 10". Retrieved June 19, 2013.
  23. ↑ "Social Video Network Keek Passes 45M Users, Adding Over 24M Users Since Vine's Launch". Retrieved June 6, 2013.
  24. ↑ "Keek-ing up with the Kardashians". Retrieved June 19, 2013.
  25. ↑ "Keek offers API to third party developers". Retrieved June 19, 2013.
  26. ↑ "Keek offers API to third party developersKeek launches on Windows Phone; makes it easier to record and share videos". Retrieved June 27, 2013.
  27. ↑ "Video-based social network Keek hits 58M users, raising $100M to challenge Instagram, Vine". Retrieved September 9, 2013.
  28. 1 2 "From darling to struggling: Keek grapples with cash crunch". Retrieved October 25, 2013.
  29. 1 2 "Primary Petroleum (V.PIE) to end oil ops, merge with social media play Keek". Retrieved July 7, 2013.
  30. ↑ "For Keek, Canada's Version of Vine and Snapchat, Success Proves More Elusive". Retrieved November 21, 2013.
  31. ↑ "Isaac Raichyk". Retrieved July 7, 2013.
  32. ↑ "Keek Names Interactive Entertainment and Gaming Pioneer Jamie King as Chief Product Officer". Retrieved July 7, 2013.
  33. ↑ "Keek". Windows Phone 8. Retrieved September 9, 2013.
  34. ↑ "Keek". BlackBerry World. Retrieved September 9, 2013.
  35. ↑ Berkow, Jameson. "Toronto's Keek scores $5.5M to become Twitter for video". Retrieved September 13, 2012.
  36. ↑ "Keek Inc. Hits Fast Forward with $5.5 Million Financing". Retrieved September 14, 2012.
  37. ↑ "Keek Raises $7 Million; Adds 2 Million Users In Last 30 Days". Retrieved September 18, 2012.
  38. ↑ "Keek Raises $18 Million; Registers 6 Million New Users In 30 Days". Retrieved January 17, 2013.
  39. ↑ "Canada's Keek Goes Public on TSX-V, Gets New CEO and Monetization Plan". Retrieved July 7, 2014.
  40. ↑ "Keek Inc. (KEK)". Retrieved July 7, 2014.
  41. ↑ "Keek Inc. on Trademarkia". Retrieved September 13, 2012.

External links

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