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DietBet, a WayBetter Company, is pioneering a new approach to behavior change.

StartupNew YorkAccepting indications of interest

WayBetter is testing the waters to gauge market demand from potential investors.

To make an investment in any deal currently "testing the waters" on the SeedInvest platform available to the general public, WayBetter must first register and qualify the offering with both State and Federal regulators. Prior to doing so, WayBetter is testing the waters to gauge market demand from potential investors. No money or other consideration is being solicited, and if sent in response, it will not be accepted. No sales of the securities will be made or commitment to purchase accepted until qualification of the offering statement by the Securities and Exchange Commission and approval of any other required government or regulatory agency. An indication of interest made by a prospective investor is non-binding and involves no obligation or commitment of any kind. No offer of securities will be made without a registration statement.

Market Interest

 

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Indicated in Investment Interest

Overview

WayBetter is pioneering a new approach to behavior change. We call it The WayBetter Way™.


Our first product is DietBet, a game that helps people lose weight by betting on themselves. It works by providing group support, microgoals, and real rewards. And while there's money on the line, DietBet isn't about betting. It’s about believing in yourself, investing in your health, and sticking to your commitments.


It works. Since 2013 dietbetters have lost over 3 million pounds. Along the way, we’ve paid out over $12 million to winners. Dietbetting is now a movement with over 270,000 players in 100+ countries.


Stay tuned in 2016 for new WayBetter products like CigaBet to quit smoking, FitBet to shape up, and SleepBet to get enough sleep.

Team Story

The spark hit Jamie when he saw co-workers competing to lose weight. Instead of pizzas and subs, they were eating salads and jogging along the river. Some were sneakily leaving chocolate on each other's chairs. Laughing and losing weight at the same time? It was like someone had spiked the water.

Jamie started thinking about how to bottle up that healthy energy. He ran a survey and found something surprising: people wanted to play with strangers. Respondents, it turned out, didn't want to talk about their weight every day with their officemates. They also didn't want the hassle of setting up games. They just wanted to play. This was the kernel of a new vision: a safe place where people could get weight-loss motivation and support from strangers. A goal-oriented social network.

Jamie reached out to his friend Matt, who was managing a chain of health clubs. Matt was frustrated that only 15% of the population ever joined gyms. He felt that getting in shape could be fun, instead of a dreary chore. So he invested in the friends and family round and later quit his job to come aboard full time. He now runs BD and Operations.

Around the same time Jamie met Alison, who had built products at Weight Watchers. She was itching to join a startup but hadn't found one that excited her enough to quit her job. After a fateful lunch discussing the next generation of weight loss (interrupted by a rare earthquake in Manhattan) she took the leap. She now runs our Branding.

Alison, Matt, and Jamie teamed up with Dima, a programmer who had left Google to move back to Europe. Together, in 2012, they started building a place where people could get in shape as a community, motivating each other and holding each other accountable with financial incentives, competition, and collaboration.


Cut to the next scene: we're now up to 15 people in New York with another 15 helping from different parts of the world. 270,000 paying customers. Great press from around the world. Our vision for a goal-oriented social network is starting to gain momentum. Join us as we innovate new ways to help people live better, happier, and healthier lives.


Meet the Team

Founders

Employees

Alison Weick

VP Product Development

Matt Daniel

VP Business Development and Operations

Mike Vosters

Senior Technical Product Manager

Investors

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