The Ledger
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Hudson breaks his firm's VR ban to invest $50,000 in TribeXR
“So, I had a rule before that we weren't going to do any more VR investing until the Quest comes out, because I do, like you, Share the belief that it's going to be a game changer. But I'd like to invest 50,000 dollars in this round.”
Impalameni: There are an estimated 100 million DJs worldwide
“So there's an estimated hundred million DJs around the world.”
Hudson: Most failed VR apps were not actually better in VR than 2D
“And the one thing I've learned about VR is I think there's a lot of apps that have been unsuccessful because they're actually not better in VR. They're actually better in any other medium in the real world, two D, whatever it might be. Having seen the demo, th…”
Hyatt: One-on-one tutoring is an inefficient service model professionals want to escape
“You are still A one-on-one where the other person has to consume, ah, their person hours times rate, which is back to a service model, which is an inefficient model that lawyers and accountants and everybody else are desperate to get out of.”
Hudson: Insider analytics data shows TribeXR's engagement is exceptionally high
“I'm an investor in a company that does analytics for VR apps. And like the level of engagement that he has is significantly higher.”
Impalameni: Immersive training market will reach $30B within five years
“Within five years, we expect that the immersive training market will be in, in a region of thirty billion dollars, and Tribe is building a platform to underpin that.”
Nadel: TribeXR faces at least a six-month headset delay
“I think he's got like at least a six month delay before the headset comes out.”
Impalameni: Charles Hudson doubled his TribeXR investment to $100,000 post-pitch
“He then did some diligence on us, and post diligence, he doubled the investment to a hundred K, which is great. And so we've now closed that, and we're really excited to have him on board.”
Impalameni: TribeXR takes a 20% cut on $30–$50 half-hour lessons
“And you can pay 30 to 50 dollars for a half hour lesson, and we take 20% on that. That's our model.”
Impalameni: TribeXR has trained 4,000 users and generates $1,500 in monthly revenue
“So far we've trained, I think, about three or 4000 users. So that's around, you know, 1200 to 1500 dollars of revenue, and that's rising every single month.”