Narrative

Your community section is filled with complaints about poor quality, voting circles, unfair competition, and plagiarism. Your members have discussed these issues at great length, and offered detailed suggestions. That's a good thing - it shows that members are engaged and care about the platform. However, you have in general ignored member requests and suggestions, causing your most engaged members to grow frustrated and leave the platform, often posting public "goodby" messages that are very damaging to Narrative. What radical changes is your management team prepared to make in engaging critics and responding to their requests, in order to salvage your business?

I just want to get this straight. You said this in an earlier answer to one of my questions and so far the only one you've answered. "The attack here is completely unjustified. Having poured everything we have into this project for the past two years, it’s disheartening to read a post like this, which is clearly designed to inflame and harass." The attack you speak about was my quoting one of your members. So you're saying some of your members are so unhappy with how things are going that they want to inflame and harass via posts but still remain active members of your community? That's odd. And hopefully you arent saying that I was trying to inflame or harass.. Because all I am trying to do is discuss why these members are saying such horrific things about a company whose pitch says otherwise. That's certainly not inflaming or harassing. Just trying to get some good answers to my hard questions.

Some of YOUR members on YOUR site say that you're flat out lying to us on this Wefunder offer. Plus you seem to be answering everyone else's questions but so far haven't answered mine from last night. Are you dodging it because you don't have a good answer? Are they correct that you're misleading us because of desperation to raise funds? Please respond. Here are posts direct from YOUR members with some claiming these things. narrative.org/post/n…urrent-tokenholders

Here's another question. Does the 69% below this post from Narrative mean that 69% of the people clicking the thumbs up or thumbs down button agree with the content of this post? If so that is a pretty bad endorsement from another Narrative member. Here's the post and at bottom between two thumbs one up one down (the thumbs don't copy and past) it says 69%: Denis Wallez Denis Wallez63 @DenisWallez Sep 26, 2019 @ 8:57am Like @RNicholson, I found the fund raising page 'informative'… but not necessarily in a positive way. Like him, I wonder how they've been able to burn through so much cash. Two ways MIGHT be 1/ through high salaries to themselves or through buying services from other companies which are also their own (which would then potentially question the 'debt' to themselves…), and 2/ through ridiculous offices (there's mention of "since our financials in 2018, we reduced some of our expenses by subleasing out some of our office space"). Please note the 'MIGHT' above. Like him, I also found the info on the wefunder page to be very misleading: only people who're not already on the platform might marvel at the 'growth' they pretend to have. The « Early traction: 8,600+members, 14,000+posts, and 1,000+ Niches (min $75USD each) sold in beta » keypoint is laughable when 1. only a significantly smaller fraction of members actually logs in, let alone interacts (in the video they stated that 7% of members were posters, and that'll include one-off posters who've long disappeared since); 2. a large portion of the posts are plagiarized and/or no-value content; 3. winter is coming at the time of renewing the niches in April, as most niches will not pay for themselves, not even close, unless some dramatic changes occur in between now and then. The comparison of 'niche' with 'domains' doesn't stand for a minute, in term of 'flexibility' (in presentation, features, etc.) but also in terms of 'control' by the owner… which is why winter is coming unless some drastic evolutions occur fast. 'Publications' could support a bit better the comparison with 'domains', if implemented right; niches cannot. Might I add that a domain + e.g. wordpress hosting currently costs a lot less than $75 p.a. The « While the minimum bid [on niches] is $75 per year, we had many bidding wars, with some selling for over $1,000. » has a "many" that sounds seriously misleading. I'm not sure whoever paid $1,000 is happy with their purchase; that'd be relevant info ;-) « we are working fast! » might not be the feeling that the current beta-testers have either. Unless they mean 'working' to create plausible bullshit to raise more funds (by promising equity to new funders, while initial 'founders' through ICO will have no equity…). The 'criticism' of Medium in the video interview is poor bullshit. What made me laugh the most is the perk list: « Invest $500+ for 500 Narrative reward points credited to Narrative account. $1,000+ for 2,000 Narrative reward points. $10,000+ for 20,000 Narrative reward points. » At the current exchange rate ($0.00221872 per NRVE), that's « invest $10,000 for a reward worth $44 », i.e. a reward worth 0.4% of the investment. LOL! The risk/return ratio doesn't seem right! 69% (end of Narrative members post) To me this looks like 69% of thumb clickers here agree.. What say you? This post came from this page in case any of you need to look yourself. And sorry for the tough questions but youre asking for money here and after seeing these.. I has to speak up. narrative.org/post/n…urrent-tokenholders

What say you about this and many others like it? Here's just one of their postings with MANY others to see: Robert Nicholson Robert Nicholson95 @RNicholson Sep 26, 2019 @ 1:13pm @NewSocialMedia - You really don't care about the statement that you can't buy reputation on Narrative? Really? It's a lie. It's a lie on a page soliciting investment. It's certainly unethical, and may even be illegal. And it says a lot about the Narrative team. As for the debt, even if it is owed to team members and family, it is still debt. It needs to be considered as part of the valuation of the company. Another concern is the burn rate. Narrative has gone through a lot of money, with VERY little to show for it. The platform is really incredibly weak. The number of users, traffic, and engagement are pretty pathetic. The content os mostly garbage, and the best writers are leaving. One way to look at this is to consider what it would take for a competitor to get to the same place, in terms of features & functionality and user base. In my estimation, it could be done comfortably for half a million dollars. So what does Narrative have: * a company that has grossly overspent, is deeply in debt, and has almost nothing to show for it * a team that outright lies to potential investors * early users who are giving up on the platform * a site that is flooded with spam, scams, and plagiarism The Narrative fundraising page is very dismissive about competitors, but if my own investigation of alternatives, I've found several very credible sites that blow this platform away. And there are more coming, because frankly the cost of entry to this market is quite low. Based on the Narrative track record, I think any investor would be foolish to throw good money after bad.

Some of the big problems with Steemit are the voting circles and the bots that encourage users to create quick, cheap, un-valuable content in order to maximise profits with minimal effort. Will Narrative be able to tackle these problems too?

This is a cool concept, however, looking at the narrative.org site, I am not seeing video upload support. Blogging as a "thing" was like 10 years ago, lol - now it is all about video channels ("vlogs") - for this to really scale big time, it needs to support "vlogging" not just "blogging". :)

This is expected to use an ad-based revenue stream? Channel owners would be able to set the amount of advertising, or would that be fixed? What about product placement and paid content? Is that intended to go through you as a middle man? Is it mandated?

How long term of an investment should be expected?

Steem got similar service with crypto credit for writing content there How do you think, you can compete with them,as they got strong link with Google also..