Mycroft

“If you include the A, it's going to be about eight and a half million with five of that coming here in the next few months.”

“So we want our target is any business that views Apple, Amazon, and Google as a potential competitor. And given that Google's making self-driving cars and Amazon is launching spaceships, that's a really broad category of businesses.”

“For example, we found full-time employees at Cisco systems that are spending their entire day working on the Mycroft stack so that they can bring that technology into the parent company.”

“We actively discourage general consumers from adopting our technology today. That'll change next year.”

“Our cost structure is scheduled, structured around 1500 dollars a month for a license. That'll serve about 5000 users.”

“Right now we're really happy with the 22,000 developers and hackers and makers that are using our product.”

“That was our first campaign was 127,000, a smaller number of backers, 1120. We ran a second campaign earlier this year, and that's actually at, I think about 490,000.”

“We've been working with a couple of companies on that, but we don't have any significant sales to report there yet. Most of our revenue so far has come from the maker hacker community that we've been targeting.”

“And at the time, Echo didn't exist. Google Assistant didn't exist. Siri was locked up on the iPhone. And so we set out to build an open technology that allowed us to replicate that experience.”

“So for the past year, I've basically been bankrolling the company personally myself.”

“It's a completely open source system. It's free to developers. It's free to OEMs to integrate into their system. What we charge is the consumers for basically upgrades.”

“Down the road, we expect to partner with OEMs to provide our assistant technology in their own devices, including smart speakers”

“First of all, we have two classes of shares. We have voting shares and non-voting shares. So, All this the cohort of the crowdfunding investors are all non-voting shares.”

“We have over 1500 investors because we went through a crowdfunding campaign a couple years back.”

“We're not due to really ship it, I think, until the second or third quarter next year. That's, I think, our realistic timeline.”

“We have about 50,000 people who are signed up to our system and are using our system, but we are not actively trying to monetize them yet because, quite frankly, the experience isn't where we want it to be.”

“We've been in talks with the big you know, the big box retail chains, right? There are people who want to put a privacy respecting solution on their store shelves. You know, we're talking about, you know, Walmart and target and, you know, these companies want …”

“Mycroft over the last five years has raised over five million dollars in crowdfunding and very favorable loans. But we've never raised an institutional round.”

“No it's almost entirely a software play. What we're really promoting here is a platform. Mycroft is promoting a platform.”

“About a hundred bucks right now.”