In the previous few weeks, PayPal-owned Honey, which claims to seek out you one of the best coupon codes for a deal, has been on the middle of controversy. Allegedly, the instrument sneakily earned affiliate cash by altering attributes of product hyperlinks creators posted on their movies. On the middle of it, the issue was how affiliate hyperlinks work and the way the cash goes to whoever has the final hyperlink when the consumer makes the acquisition.
Former Vercel worker Steven Tey thinks his open-source URL shortener and link-tracking service Dub.co can clear up this downside by eradicating the necessity to use coupon codes and embedding them within the hyperlink.
The corporate is constructing an attribution and affiliate product that creators can use to create their very own hyperlinks. And customers will solely get a reduction in the event that they use that particular hyperlink.
“We need to make attribution way more clear to creators in addition to companies to keep away from conditions just like the Honey scandal, the place anybody can steal the attribution,” Tey mentioned on a name with TechCrunch.
Tey began Dub.co whereas working at Vercel as an open-source URL shortener. He added hyperlink monitoring alongside the best way. He constructed this venture to raised perceive merchandise Vercel was delivery. Over time, Dub.co turned a full-fledged SaaS service. Tey left Vercel in late in 2023 and began the corporate across the similar time.
“There was an enormous downside with attribution monitoring to grasp the place our income was coming from. At Vercel, at the moment, we didn’t know the way our developer advocacy work like creating articles and tutorials translating into income. So this planted the seeds for Dub,” Tey mentioned.
He added that after launching Dub.co, he realized that the affiliate house was antiquated and messy with not many instruments for personalization. That’s when he understood that there’s extra to hyperlink monitoring house than simply URL shortening companies.
Whereas the corporate’s main income supply is companies and enterprises, it additionally gives a free plan for individuals to shorten their hyperlinks and monitor them. Notably, the startup is working with Malaysian authorities to make the most of the open-source aspect of the venture to construct out a hyperlink shortener and tracker for authorities. Plus, corporations like Twilio use the SaaS hosted model of Dub.co and customise it in response to their wants to trace their hyperlinks, campaigns, and occasions. What’s extra, YouTube channels like Huberman Labs is utilizing Dub’s answer to trace associates.
Dub.co launched a brand new product referred to as Conversions this week, which might monitor real-time advertising and marketing clicks changing to signups or gross sales. The startup mentioned it will assist corporations monitor granular metrics like buyer acquisition prices, retention charges, and lifelong worth to raised perceive advertising and marketing returns. Dub.co may also combine with instruments like Shopify and Stripe to raised monitor conversions.
Tey famous that whereas Dub.co gives AI options, it doesn’t need them to take over core merchandise. Presently, customers can use AI to create customized experiences or get ideas for title and outline for various hyperlinks. The startup can also be utilizing AI for auto-tagging hyperlink to present classes.
Joseph Jacks, founding father of OSS Capital, mentioned that the Dub.co has a bonus over competitors with its open-source nature, higher consumer expertise and design.
The corporate has raised $2 million from traders together with OSS Capital; Vercel CEO Guillermo Rauch; Balaji Srinivasan; design service Framer’s founders Jorn van Dijk and Koen Bok; former Fb designer Soleio, who has been an early backer of Vercel, Perplexity, and Figma; and Cal.com CEO Peer Richardson.
“Hyperlinks are the muse of the online — pair that with attribution and the addressable market is very large, tens of billions minimal,” Jacks instructed TechCrunch over electronic mail.
“By turning brief hyperlinks into attribution engines, Dub may help entrepreneurs reply the age-old query of ‘What’s my ROI on my advertising and marketing spend?’ — backed by real-world conversion knowledge.”
