Stealth Startup Favs Raises ~$1M For Its Close-Friends-Only Social Network

Over the years, social media has moved further and further away from its original value proposition of being a network where you could keep up with close friends and family in a private space. Instead, today’s apps are entertainment giants, filled with creator content, multimedia, and brand advertisements. A new social network, Favs, emerging from stealth next January, wants to bring social networking back to its roots by building an app that helps people maintain strong and meaningful connections with one another.