CTO of the Sims is switching positions to CEO and pioneering a livestreaming app/technology that allows non-gamers replicate the gamer livestreaming experience. No revenue, but has notable investors and relevant industry experience.
|1. Fundraising Target?||$1m|
|2. Fundraised So Far?||$550k|
|3. Pre-Money Valuation?||$12.5m|
|4. Previous Year's Annual Revenue||$0|
|5. Previous Year's Annual Burn||~$419k|
The 6 Calacanis Characteristics ("Sow Passion, Not easy mediocrity", or S2 P6 N18)
|1. A startup that is based in SV?||Yes: San Francisco, CA|
|2. Has at least 2 founders?||No: One founder|
|3. Has product in the market?||No: couldn't find in the app store "Hearo.live" for iOS|
|4. 6 months of continuous user growth or 6 months of revenue?||No: see above.|
|5. Notable investors?||Yes: 500 Startups, some famous names but nothing that blew me away|
|6. Post-funding, will have 18 months of runway?||Yes: If can raise $1m, then will have runway.|
|1. Engineering?||2||Can't evaluate as video had no recordings, but how is this better than Discord/Twitch?|
|2. Timing?||2||Good timing for livestreaming, not sure this is good timing for mass mutual livestreaming/watching of television?.|
|3. Monopoly?||2||I've heard of this company but don't know anyone who owns one, that said, I'm not the market?|
|4. People?||2||I like that the CEO has tech experience but wish the VP was a co-founder so incentives were more equal.|
|5. Distribution?||2||Good in that it's digital distribution, but no unfair advantage to get users..|
|6. Durability?||2||See competitive defense against Discord/Twitch, etc..|
|7. Secret?||2||Gamers were the first to figure out constant on audio/livestreaming bonding and the rest of us will want to|
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