Peter Sisson, founder of authenticated video app Yaza, explains how the startup preserved capital and extended runway prior to raising outside capital.
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“You know, all of our people, there's four of us involved. The three of them have full-time day jobs and then they work on this nights and weekend. And that gives us infinite runway to allowed us to experiment with some of these different technologies before we started taking money from people.”
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More from Peter Sisson
Opinion
Sisson: Foursquare's Shift to SaaS Leaves Consumer Location Market Open for Yaza
“And with Foursquare having exited this consumer space more or less, and focusing on becoming a SaaS player that's kind of left that door open for us.”
Peter SissonNov 27, 2020▶ 5:40Can Consumer App For Authenticated Videos Tied to Location Work in 2020?
PredictionNot checkable as stated
Sisson: The deepfake and media security issue will be 10x bigger in five years
“It's only, so the security issue and the preventing fakes issue is a problem that, Is going to be 10 times bigger in five years, and we're sort of, we're planning for that.”
Peter SissonNov 27, 2020▶ 10:37Can Consumer App For Authenticated Videos Tied to Location Work in 2020?
Insight
Sisson: Outdoor AR cannot be positioned accurately with current GPS technology
“Mostly we'd learned that the ecosystem isn't there yet. With GPS and the other ways to position it, you just can't put it accurately enough.”
Peter SissonNov 27, 2020▶ 15:38Can Consumer App For Authenticated Videos Tied to Location Work in 2020?
Opinion
Sisson: Snap Cannot Abandon Ephemeral Content Due to Core Social Dynamic
“SNAP's, you know, original value proposition is that everything goes away, and that was part of how it started, and I don't think they can ever violate that core value problem, because it's really a place you go to hang with your closest friends.”
Peter SissonNov 27, 2020▶ 4:32Can Consumer App For Authenticated Videos Tied to Location Work in 2020?
AssertionNot checkable as stated
Sisson: A third of Yaza's beta users average four daily sessions
“No, less than a thousand, but you know, the hundreds, basically. You know, about a third of merch is daily active users and they're using it an average of four sessions a day.”
Peter SissonNov 27, 2020▶ 7:04Can Consumer App For Authenticated Videos Tied to Location Work in 2020?
Disclosure
Sisson: Yaza is incorporated as a Public Benefit Corporation
“It's in the stewardship of a public benefit corporation, which is what we set up the company as so that we have an obligation to protect your privacy and not monetize it in certain ways.”
Peter SissonNov 27, 2020▶ 10:57Can Consumer App For Authenticated Videos Tied to Location Work in 2020?
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