Photo - VidDrop, Inc.
49484

VidDrop, Inc.

VidDrop’s smart AI + video shopping mobile app.

USA, California
Market: Internet and IT, Artificial Intelligence
Stage of the project: Prototype or product is ready

Date of last change: 23.09.2020
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Idea

VidDrop builds communities of user-generated product review videos for online shoppers. Through AI-assisted shopping and a network of trusted peers, we simulate a virtual salesperson to guide and nurture qualified buyers to purchase the right items for them. We reward loyal shoppers with incentives.

Current Status

MVP web platform with 100 product review videos. Mobile app prototype.

Market

We are:
VIDEO
ONLINE COMMUNITY
E-COMMERCE
AI & DATA SCIENCE
All of which are growing in 2020 and beyond…

Our Categories for Shopping Include:
Electronics/Tech Devices
The Mommy Channel
Health & Fitness
Makeup & Beauty

Problem or Opportunity

e-commerce increasingly leverages video as product review content, yet no formal world-wide leader exists fueled by AI & Data Science.

Very Fractured Path for Consumers
1) Difficult to Locate Factual Product Data & Reviews
2) No AI shopping personalization
3) YouTube Not e-Commerce Friendly

Solution (product or service)

VidDrop empowers e-commerce using AI matching video product reviews with potential consumers near check-out. Video product testimonials dramatically increase the conversion rate for e-commerce. On average 84% of the time vid-eo convinces a buyer to purchase. VidDrop is a complete e-Commerce and com-munity platform with advanced AI and data science to drive checkout
conversion.

Competitors

Competitors
ShopKick- rewards, Reddit-community, Yelp-reviews, YouTube, Vimeo.

Advantages or differentiators

Competitive Advantages

1) AI/DATA SCIENCE Technology: we use AI, machine learning, and data science to optimize the shopping experience.
2)BRANDS: We strive to be the leading platform to connect businesses and brands to buyers' interests.
3) REWARDS: We reward loyal shoppers with gamified incentives.

Finance

Advertising
Paid Ad Placement

Enterprise Services
White Label & SaaS Services

Affiliate Pay-per-Performance
3-10% commission after watching a video

Business model

Target Market
Global e-commerce market
Video Product Market $25Bn 2020
$90Bn by 2027
Select Partners: Target.com, Sephora.com, Macys.com, Walmart.com,
HomeDepot.com, Nordstrom.com, Amazon
TAM: $27Bn e-commerce Video
SAM: $17Bn
SOM: $500MM @ 2027

Money will be spent on

$500k on finishing product and growth marketing.

Offer for investor

We are at a $6.5 million dollar valuation and seeking investment in $25k increments for a $500k raise. We are seeking a SAFE or convertible note.

Team or Management

Risks

We must be able to scale to the 100 million users that we estimate we will need.

Incubation/Acceleration programs accomplishment

Participated in the Expert Dojo accelerator in Santa Monica.

Invention/Patent

Our CTO has a patent and will gain another patent for VidDrop.

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video