Like the idea, but a few questions remain. First of all, are you busy with getting a patent/ is there a patent for the product? And if not, how are you planning on protecting the idea from the 'bigger' companies which are totally into the webcams and ather pc gadgets?
Second, let's say the first versions don't work because of the look, but you discover a total new target group you can achive by changing the product. How can we as investors be sure that you won't start up another company and leave us as investors 'behind'?
Third of all; 8% interest is for the whole concept right?
Thanks in advance for answering my questions.
Hi Frederic, I also would like to hear your answer at the questions of Sebastian. Can you please share them in public? Tnx!
I was sure I had answered Sebastian's question, but when I checked it wasn't there. Sebastian, please accept my apologies. I am really sorry you had to wait such a long time. And thanks, Forget the Box, for the reminder.
Sebastian, when the investments become accessible, we will sign the first contract with VanBerlo for the hardware and part of the software, and we will develop the rest of the software ourselves (Ilhan Polat will do this). This work will take about two months. During these two months, we will select the first element in the product to patent, and together with a patent attorney from Arnold+Siedsma draft the patent application. I expect patent pending status by October.
Right after this, we will go into a number of build-measure-learn cycles with various target groups (eg gamers, online daters, family members, offshore platform workers, etc). We will test our value and growth hypotheses for these groups. And most of all: we will listen to them. I personally think there is a good probability that the first generation model is going to be something we haven't even though about today.
We might need to change the look, we might discover a new target group (hopefully!), but all this is included in the plan WITH the Symbid investors. Leaving the Symbid investors behind, after they have done so much to kickstart this company, is out of the question. Finding the most valuable model to launch with simply is part of the plan.
Yes, the 8% share is for the whole concept.
Again, apologies for the delay. Let me know if this answers your questions, ok?