6 Social Media Platform Founding Business Success Stories [2023]

Updated: July 24th, 2023
Start A Social Media Platform Founding Business

Imagine building an online realm where people congregate, network, and exchange ideas. With a social media platform founding business, this dream can become a reality.

In this venture, you'll be creating a digital platform where users can engage with one another, share content, and forge both personal and professional relationships. Think Facebook, LinkedIn, or Twitter, but with your unique twist.

While this is no simple endeavor, the potential upside is immense. Remember, you're creating more than just a website—you're designing an entire interactive ecosystem, and the more engaging it is, the greater the chance for high user registration and retention.

For those with a knack for technology and a keen understanding of what drives social interactions, creating a social media platform can be an exciting challenge. In the dynamic digital landscape, your platform might just be the next big revolution, rewarding you with social influence and substantial revenue in return.

Here are some real life success stories of starting a social media platform founding business:

1. FailTell ($13.2K/year)

Swagat Mohanty (from Bhubaneswar, Odisha, India) started FailTell about 3 years ago.

$1.1K / month
2 founders / 6 employees

Case Study

Hello everyone! I am Swagat Mohanty. And I co-founded FailTell with Rahul Mohanty. Our online platform FailTell offers a wide range of services to help everyone overcome failures, conquer mental health & emotional challenges, strategize career and deal with everyday concerns for personal, emotional, and professional growth. Be it mental health support, uncertain career decisions, or just someone you want to talk to who could help you lead a more meaningful and happier life, FailTell offers a one-stop solution to redesign one’s personal and professional growth, with its wide range of services.


Learn more about starting a social media platform founding business:

Where to start?

-> How much does it cost to start a social media platform founding business?
-> Pros and cons of a social media platform founding business

Need inspiration?

-> Examples of established social media platform founding business

Other resources

4. eclincher

Best social media management platform, with tools like content calendar, post scheduling, social inbox, analytics, suggested content & team collaboration.

  • Website traffic: 200K/month
  • Business rank: #37K

Check out their full website ➜

5. Khoros

Our software helps you deliver the best customer experiences by building and scaling digital care, social marketing, and brand communities. Click to begin!

  • Website traffic: 260K/month
  • Business rank: #42.7K

Check out their full website ➜

6. oktopost

B2B Social Media Management Platform to manage, monitor & measure all of your social media activities. Reach your B2B marketing goals. Book A Demo.

  • Website traffic: 60K/month
  • Business rank: #55.4K

Check out their full website ➜

Pat Walls,  Founder of Starter Story
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