Teddy Solomon is the cofounder and CEO of Fizz.
Courtesy of Fizz
Fizz, a social network for college students, says it wants to be like Facebook — when it was actually social.The app, launched in 2021, lets students post anonymously (similar to Yik Yak), scroll through a "for you" feed of recommended content, and buy and sell items in a marketplace."It's most similar to OG Facebook in creating this very shared experience and hyperlocal form of social media in an era where TikTok and Instagram are highlight reel entertainment platforms," Teddy Solomon, Fizz's CEO, told Business Insider.Solomon, who dropped out of Stanford in 2021 and moved to New York City in 2025, has been laying the groundwork for a major step: ramping up advertising and expanding globally.To help scale Fizz's advertising business, the social startup raised an undisclosed strategic investment from celebrities, creators, and tech executives."We need human capital," Solomon said. Having the right people with "skin in the game" can help Fizz build stronger relationships with advertisers and potential partners, he added.Instead of a titled round, it's a SAFE investment (a simple agreement for future equity) with a valuation cap of $200 million (the maximum valuation at which that investment is converted into future equity). Fizz declined to share further financial details. The new capital follows the company's $25 million Series B it raised in 2023.
