Will Smith helps a financial startup raise funds. Social media influencers facing financial conundrum will love this support.

Will Smith Helps Startup Raise $70 Million to Boost Social Media Creators and Artists

Will Smith Helps Startup Raise $70 Million to Boost Social Media Creators and Artists - Netflix Junkie

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Ibadat Kaur is an entertainment writer at Netflix Junkie. Her love for Narcos &amp; Pedro Pascal is what brought her to the world of entertainment news. She has immense love for historical and investigative documentaries on people and cultural practices. If this was not enough, she was a blogger prior to keeping her step in the glitz and glamor of the entertainment world and covered culture and heritage while traveling across Central and South America. For Ibadat, writing has been her safe space, and she aims to pick up reviewing anthology formats like Black Mirror &amp; Criminal at Netflix Junkie. If you want an expert on comedy (dark and satire) psychology or travel, then Ibadat is your person. While you will mostly find her covering everything and anything from the world of entertainment, about her favorite celebrities, shows, and movies, Ibadat is an avid Schitt's Creek fan and loves the novel George Orwell’s 1984. And if not this, she will be seen actively backpacking for her next trip, petting her dog Raven, or studying the human condition (side-eye).

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Will Smith Helps Startup Raise $70 Million to Boost Social Media Creators and Artists - netflix-junkie

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If we started listing all the trades that <a href="https://www.netflixjunkie.com/tag/will-smith/">Will Smith</a> has mastered to date, the list would be never-ending. Though his roots lie in the arts of rapping and acting, the 54-year-old is also a successful businessman. Among his many feats is founding Dreamers VC, a venture capital firm alongside Japanese soccer star Keisuke Honda. Since its conception in 2018, their portfolio has gained some impressive startups, including the technological wonder that is Neuralink.
In the rapidly growing sector of online creators, artists are facing a unique problem. Most investment banks are reluctant to offer loans to artists who wish to expand their ventures. For Will Smith, who prides himself in being a Youtube creator himself, this initiative hits close to home. So it doesn’t come as a surprise that in its latest investment move, Dreamer’s VC has directed its funds towards this issue. On July 19, Karat Financial, founded by Wei and Will Kim, secured $70 million in fresh funding with contributions from Dreamers VC and other investors.
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
Today we just raised $70M to help creators with their finances 🥹 We cofounded <a href="https://twitter.com/trykarat?ref_src=twsrc%5Etfw">@trykarat</a> over 4 years ago for this mission. 
Our investors are top creators we work with &#8211; like <a href="https://twitter.com/missbotez?ref_src=twsrc%5Etfw">@missbotez</a> <a href="https://twitter.com/GPStephan?ref_src=twsrc%5Etfw">@gpstephan</a> <a href="https://twitter.com/LudwigAhgren?ref_src=twsrc%5Etfw">@ludwigahgren</a> and <a href="https://twitter.com/NickDiGiovanni?ref_src=twsrc%5Etfw">@nickdigiovanni</a>. 
$70M is a lot of money. But it&#39;s not our… <a href="https://t.co/uTt72rTqAm">pic.twitter.com/uTt72rTqAm</a>
&mdash; Karat Financial (@trykarat) <a href="https://twitter.com/trykarat/status/1681773928967188480?ref_src=twsrc%5Etfw">July 19, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Hitting a noteworthy milestone, Karat&#8217;s funding concluded at a whopping $100 million plus. The startup aims to use the funds to provide financial management support to influencers and creators. With a unique approach to credit assessment, they are attempting to replace traditional credit scores. In their alternative system, a creator&#8217;s social influence on online platforms will determine their access to credit lines. Ready to revolutionize the industry, Karat plans to become a one-stop shop for all financial needs of creators in the industry.
ALSO READ: <a href="https://www.netflixjunkie.com/hollywood-news-back-when-will-smith-received-great-life-advice-from-philanthropist-jackie-chan/" target="_blank" rel="noopener">Back When Will Smith Received Great Life Advice From Philanthropist Jackie Chan</a>
The Fresh Prince actor&#8217;s firm boasts itself of giving fair and easily accessible help to new ventures. It doesn&#8217;t believe in undercutting competitors in an otherwise cut-throat industry. As a philanthropist, he also heads his family&#8217;s non-profit organization that empowers children across Texas, Hawaii, and Africa. But that&#8217;s not all! According to a fellow celebrity rapper, Smith&#8217;s generosity also extends to those in the same field as him.
<h2>&#8220;He told me that I reminded him of him&#8221; &#8211; When Will Smith took this rapper under his wing</h2>
In an interview with Howard Stern three months ago, Nick Cannon shared a heartwarming story of how Smith became his mentor. He mentions how the Men in Black actor took an interest in Cannon&#8217;s talent and saw his younger self in him. Smith generously offered him a script for a television show, a record deal. Also part of the offering was the iconic cameo appearance by Cannon in Men in Black.
<div class="flex-video widescreen youtube"><iframe loading="lazy" title="Nick Cannon on Being Mentored by Will Smith and the Oscars Slap" width="1170" height="658" src="https://www.youtube.com/embed/s45LTIGRCIA?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe></div>
In a YouTube video with Trent Clark, the Wild ‘n Out creator mentions how he regrets squandering a $200,000 check that his mentor gave him. During the conversation, Cannon nostalgically remarks that the Independence Day actor had had a significant impact on his career and life and that he is grateful to him to this day.
ALSO READ: <a href="https://www.netflixjunkie.com/hollywood-news-ryan-reynolds-spills-beans-on-his-investment-strategy-and-why-maximum-efforts-is-that-great-at-what-they-do/" target="_blank" rel="noopener">Ryan Reynolds Spills Beans on His Investment Strategy and Why Maximum Effort Is That Great at What They Do</a>
Recent years have seen many Hollywood celebrities like <a href="https://www.netflixjunkie.com/tag/ryan-reynolds/?utm_source=website&amp;utm_medium=internal_links&amp;utm_campaign=hashtags">Ryan Reynolds</a>, Beyonce, and Arnold Schwarzenegger investing in various ventures. In keeping with this rising trend, maybe Shark Tank should do an all-celebrity version of the show. Hollywood A-listers fighting to invest in companies would sure make for an interesting to watch. Do you agree? Tell us in the comments.

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Ibadat Kaur, a Hollywood News writer at Netflix Junkie, has writ over 500+ copies on the latest updates of celebrities like Ryan Reynolds and Henry Cavill. Kaur also delves into sling form copies around the nuances of series. One example of this is her piece on Sex Education Season 4 where she talked about how the show turned a hated character like Aimee into one loved by many. Away from work, her time spent training her dog, Raven, keeps her going.

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Will Smith Helps Startup Raise $70 Million to Boost Social Media Creators and Artists

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