Canada's Hottest Startup Goes to Hollywood

Wattpad is a startup with a large online community of writers and readers. It faces challenges in monetizing its platform without alienating users. To address this, Wattpad collaborates with brands to create sponsored content and has launched Wattpad Studios to adapt stories into films. Successful writers like Amanda Todd have emerged from the platform. Wattpad is financially backed by major venture capital firms but is not yet profitable. The company is exploring creative ways to generate revenue from its user base.

What is the main challenge Wattpad faces with its large online community?

• Expanding to new countries

• Monetizing without losing users

• Finding new writers

• Creating video content

How does Wattpad collaborate with brands?

• By selling ad space

• By creating video ads

• By paying writers to create stories for campaigns

• By hosting brand events

Which writer mentioned in the video became successful through Wattpad?

• George R.R. Martin

• Stephen King

• J.K. Rowling

• Amanda Todd

What is Wattpad's current financial status?

• Highly profitable

• Breaking even

• Not profitable yet

• Losing money rapidly

Which venture capital firm has invested in Wattpad?

• Benchmark Capital

• Andreessen Horowitz

• Union Square Ventures

• Sequoia Capital