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