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Jag Singh

๐Ÿ‘ค Speaker
157 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

And every time someone swipes up and books an Uber, then you earn part of that.

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

It's a whole new revenue stream for them, and that's what they're keen for long-term.

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

And they're getting a small bit of currency in the platform as well.

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

I think voice that I think that what they're working on is going to be largely sort of text-based, like a more like a Twitter competitor, I would say.

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

Um, and beard is sort of more Instagram-esque.

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

We were previously building on, on EOS.

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

Um, so I know the guys, but we're moving over to ontology now.

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

Um, yeah, we do.

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

Uh, I, we self-funded, uh, two mil, um, my brother and I, uh, we had a previous successful exit, uh,

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

And since then we did a token sale pre-sale.

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

And now we're doing a convertible note with select partners.

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

So then the token sales raised well over 20 million, private and public.

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

People like Ontology, NGC, a lot of big funds have come into the token sale.

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

Sure.

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

Well, the only way an advertiser can buy any advertising within the bid ecosystem is by buying this token.

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

So when Uber, for example, wants to add a swipe up to an influencer's auto generated memory, they have to buy the token to then buy the swipe up.

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

So it's essentially like saying to people, Facebook earned $55 billion last year in advertising revenue.

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

It's your chance to buy into that ecosystem.

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

And the only way then an advertiser can buy ads is through you.

SaaS Interviews with CEOs, Startups, Founders
Vid.Camera Sells $20m in Tokens, Converting 100% to Fiat for New Facebook Where Creators Own Upside

So that's the utility of the token.