PaperV is a social storytelling platform that allows users to collectively contribute parts of a story based on a location or life event. The platform has tested successfully with over 16,000 registered users who spend an average of 8 hours and 25 minutes on the site daily, viewing 6.4 pages. It aims to reach product-market fit and 2 million users with $300,000 in funding and a $25,000 monthly burn rate. The founding team includes experienced entrepreneurs and developers with backgrounds in Microsoft, law, and digital marketing.