We are are a SaaS company in which we license our product to companies in (2) ways to help them scale based on their needs: 
1. Viewing Rooms - Users enter the world in viewing mode. They can click on objects and use the room chat, but are unable to have “in-person” conversations with other users. This model has a capacity of up to 500,000 concurrent users. 

2. LIVE Interactive Rooms - Users are in the world as video bubbles and can use their microphone and camera. All packages include the use of sidebar conversations, embeddables, emojis, vibes, screenshare, and recording. This model has up to 500 concurrent video users + 500,000 spectators. 

We offer up to (3) months pilot programs that converts into annual contracts along with one-off events, using our platform like a digital venue.

We currently have Fortune 500 companies like Dell Technologies to YouTube on the platform with buyer personas from Marketing/Community Managers, Change Management teams, HR and Onboarding, Talent and Recruiting, and Sales.

Clients renew their licenses because they have the metrics to prove the impact on the company's bottom line including 64% increase in employee retention, 11x growth in KPIs, plus 98% engagement rate of users being active during meetings instead of passive.

We also have a second model of monetization for Creators which is 10% of all Virtual events.
Example:  Total Revenue

100 - $13M total, 10% - $1.3 M

1,000 -  $130M total, 10% - $13 M

10,000 - $1.3B total, 10% - $130M

100,000 - $13B total, 10% - $1.3B

 

One of our competitive advantages is our proprietary communication system. By owning our communication system, this allows flexibility and plasticity around usage while reducing risk from third-party tech abandonment or roadmap dependency. 

We also solve some of WebRTC peer-to-peer limitations such as relying heavily on the user’s own device power & consequently have very low concurrency ceiling by using a central server infrastructure, allowing for unprecedented scale. 

we are also able to aggregate and embed multimedia directly into the platform, becoming a hub for B2B to be more efficient with their time and focus. Therefore Google, TikTok,Instagram all are on the product which gives a data backed view of all the platform data 

Due to our target audience being B2B or B2B2C, our strategy is three-fold:
1. Word of Mouth - we have a large pipeline of businesses we've worked with when doing live events that we are tapping into alongside business networks such as YPO. 
2. Web/Social Media - having a presence on LinkedIn and Instagram expand our word of mouth approach.
3. Channel Partners - we have the software that others can sell on our behalf. By having channel partners in the event space, we are able to supply the tech that they utilize in their events. 

We are specifically targeting marketing/community managers, change management groups, sales and HR teams that are looking to increase adoption of new tools/concepts while also increasing focus and productivity. 

Our target markets are at the intersection of virtual events, online education, and video conferencing. This in total is a $330 billion dollar market. 

We spent 2021-2022 ensuring a product market fit and have gone live with the product.