What is Pree-me?
Pree-Me is a social media entertainment app which will be available for both iOS and android. The app provides a platform for people to display their multiple talents, such as acting; singing; dancing; rap; poetry and comedy… all of the top performances will be featured on Pree-Me. This App will allow you to perform your talent via a 20-second clip, which will be showcased globally to other Pree-Me users. However it doesn’t stop there, the app gets even better. As you display your talents you will have the choice to perform it to a range of subjects, which will be held inside something we like to call “The Subject Wheel”, and from the wheel, you will receive your theme/subject of the day.
Now if you think the app is sounding good so far, wait for it….....the app consists of a leaderboard, in which you are able to prove you are the best at performing in your field of talent, and to try and be number 1 in your respected local area, city, and country. Now if you’re tired of being stuck in a dog race competition, why not get a pair and go head to head on our Pree Challenge section, by challenging other users into having a faceoff with you and allow the Pree-Me community vote to determine who is the best.
The app doesn't stop there. The app will contain trending categories, where you can see the most trending videos all over the world; duet sections for users to form collaborations and find their Pree-Me Match; in-app purchases and much more. In the app you will be able to see emotion through comments - haters, lovers/fans/supporters, ass kissers, you name it.
'Be seen, Be heard, Be the best'
The Pree-me app is a social media entertainment application that serves as an innovative way to link talented people (Singers, Dancers, Rappers, Comedians, Actors & Poets) to their viewers through a means that makes it significantly easier for them to participate, using in-app features that entices all kinds of people to use it on a daily basis. Primarily, Pree-me allows users to share their talents with their viewers through 20-second clips, doing this along with using the other features like the “subject of the day” and “head to head section” which puts users on the leaderboard. Users at the top of the leaderboard after a set period of time will be featured on our live broadcast “Pree-me LIVE”. We look to remove the global boundaries that hosting an ordinary talent competition would essentially suffer by using a mobile application, thus getting people from every country to be able to compete simultaneously.
How do you make money?
We aim to have 100,000 pre-registers before launch. Doing this presents an opportunity for the app to make money from of in-app advertising, due to the fact that at this point we would have started pushing our marketing campaign aggressively which will also attract more users onto the application. There is also a provision for users to make in-app purchases in the sense that they will be able to make longer videos. This, in turn, will also play a part in improving the user’s chances of getting to the top of the leader board.
How big is the market you are in?
At the moment the market is currently occupied by companies that are using the same method in an attempt to find the next best act, however, this does not represent what users really want to see. An article in the guardian(2014)
(https://www.theguardian.com/music/2014/aug/13/if-tv-talent-shows-dont-care-about-art-why-should-we-care-about-the-artists) points out the fact that artists that stem from the ordinary talent show available today struggle to make their art sell when they do win the competitions. This proves that there is nobody currently approaching the untapped demand for more integration in the talent acquisition industry. We owe it to potential users to break into the market with a new approach that has them involved throughout the journey of their most sought out talents.
Why should I (the investor) be interested in your team?
We are Seeker industry a Group of individuals from South-East London that are all dedicated to seeing that Pree-me becomes the ultimate talent initiative. After a tough run of months, we developed a ruthless method of eliminating inefficiency by first understanding that the Pree-me initiative is bigger than the individuals who work within it, individuals who present a problem and slow down productivity are cut out immediately. Our previous difficulties allowed us to learn and grow as a team. We will do whatever it takes within our means to keep pushing Pree-me to the heights we know it can reach.
How will you raise more money to fully run the business? (For seed and angel investors only)
We have made contact with venture capitalists and made connections with private equity investors. The feedback we got from all of the 6 companies and individuals we spoke to were the same “Please come back to us when you have launched the application and gained traction in the marketplace.” This means that we need an initial seed investment/s to be able to make the initial moves to pay initial expenses and complete the mobile application. Our initial seed investment of £100,000 fell through on the part of the investor after the individual had already signed the contract.
How much are we plan on selling shares of Pree me for?
We have made 20percent of Pree-me available for sale valuing it at £50,000 pounds (depends on the figure we have in place at the moment). Which means that 1 percent of Pree-me represents £500.
Have we raised any equity investment before?
Our initial seed investment of £100,000 fell through on the part of the investor after the individual had already signed the contract.
How much revenue do you see making after 2 years of future business?
We feel that we should be able to make a revenue of upwards of 500,000 pounds. This is a figure we calculated from an estimate that stemmed from a number of users we expect to have after each quarter. The amount that we make the first 2 years might be an underestimation of the amount of response we could get due to the fact that it is a brand new approach appealing to an already established market.