The Ledger
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Kaplan: US organizations hold 100M+ hours of analog media worth $20B+
“Between corporations and associations and government agencies, there is now over one hundred million hours of archived analog media. And by conservative estimates, that quantity of media has been valued at over twenty billion dollars.”
Kaplan: Traditional DAM software pushes all annotation burden onto clients
“And here's the problem with the DAM software, is that that puts all of the effort, all of the heavy lifting falls on the shoulders of the client.”
Kaplan: Taivaco indexes visual actions to enable Google-like video search
“We'll actually make it look like, almost like you're using Google. You'll be able to type in key search words like man walking dog. It will take you exactly to that point in the video.”
Kaplan: Taivaco has generated under $10K in revenue to date
“We've done under 10 grand right now in revenue.”
Kaplan: Taivaco raised under $50K from its first investor
“And then we just closed on our first, it's a very small amount. It's under 50 K with our first investor.”
Taivaco plans to raise a $2 million funding round mid-2017
“But really long-term plan is to do another round probably mid 17 for around two million.”