Company description
PLEASE VIEW OUR PRIVATE DOCUMENT FOR COMPLETE PROFILE.
With so many technological advances these days, people have become accustomed to the idea of social networking and online communications. Suffice to say that with so many interactions being held in the cyber world, it’s still difficult to make those same connections in the real world.
Our goal with Spotvite makes it easy for you to make those connections with people who live around you through fun activities, meet ups, and adventures.
Team
Kash Vaidya (Strategist) - MBA from UCI and B.S in Electrical Engineering from NJIT. At his previous job at a Fortune 500 company he has increased sales in Orange and San Diego counties, before quitting to build Spotvite.
Peter Ma (Technologist) - B.S in Computer Engineering from NJIT. He has won a TEDPrize sponsored challenge and gave a TEDTalk about building mobile apps during TEDGlobal2010, the mobile app Pickup Sports was the foundation for Spotvite. He is the creator of Spotvite and is an expert at hacking cool apps and has won several hackathons.
Why we chose to do this
We have been involved in this space because we all needed a better way to find about spontaneous meetups and like-minded people. People are too focused on making social connections on the web; we want to take the ease of friending somebody on Facebook to real-world interactions. Every time we drive around looking for a pickup basketball game, crawl Facebook for a random party, want to organize friends for a golf round, or hunt for a yoga class starting now, we realize how much it sucks that a service doesn't exist that makes it easy to gather people instantly.
We have also received the same feedback from our family, friends, visitors, and strangers on the street. Additionally Google searches for what we are targeting averages more than 1MM views monthly.
Business model
Our application will be available for free to download. However we will employ the following methods to generate revenue.
Primary - We plan to charge transaction fees for sold "spots" or tickets per casual event.
Competitive advantage
Competition
Meetup.com - lets users host groups based on interests however uers pay monthly fee to host groups. The groups are also meant for formal meetings and gatherings but they do have a strong presence in gathering people.
Eventbrite.com - lets users host events. Users can attend events by buying free or paid tickets. The events tend to be formal and large in size and they also take a percentage of each ticket sold.
Facebook events - is already heavily used for mainly within a friend circle. However it is still difficult to use for casual events.
Kash Vaidya
Peter Ma
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