Lots of feedback and advice has been sent in over the
past few months leading to a much better overall solution. Here is what
it sounds like in two sentences:
SnapMedia is developing a smartphone camera app that records video and
uploads it directly to a stock video marketplace. The video will require
no editing, will
automatically create its own keywords using image recognition, and
upload itself to the marketplace and for sale immediately.
Here is a status update on how things are coming along:
Product - A clickable app demo has been created and a 'test marketplace', or demo website, has been created as well.
Team - Hiring a freelancer to fill the 'test marketplace' with products (stock video).
Traction - There has been overwhelming support for a stock video app
such as this. And, due to the suggested price of $15 a video, plenty of
potential buyers have
visited the website.
Funding - There is now a list of potential investors that has been
created. This is where the seed funding will come from to bring this
idea to fruition.
