JP Fatta
๐ค SpeakerAppearances Over Time
Podcast Appearances
You have to utilize some sort of a platform to do it.
We developed a system that basically is a self-managed system.
that gives creators for the first time the ability to control the entire life cycle of their content, from packaging and publishing, to distribution, to monetization, to marketing, to promotion.
It doesn't, it's a shared revenue model.
It's gonna be free to them.
So we're developing a platform and supportive services that's really gonna be free to the publishers and we're paying them 60 to 80% of the monetization.
We're pre-revenue.
We're pre-commercialization.
We're commercializing and launching at the end of the year.
We're self-funded today.
So we're now entering in, we're now beginning to talk about, um, doing a future fundraise upcoming.
We've spent probably close to four and a half million.
Yeah, to the development, to the operational side of the business, but mainly to the development of this.
We spent a year in R&D, right?
Figuring out the process methodology, figuring out the business model, having focus group tests, testing it with the industry, our industry partners, and actually going through this whole rite of passage to develop this entire business model that is disruptive, that will actually favor the creators for the first time and put all of the
the tools and the resources and the capabilities in their hands.
We could.
We looked at that model as well.
So even if we pre-sold it, which means we'd have to charge the publisher something up front.
And the entire company's mission was to create a disruptive system.