Transcript excerpt of a discussion about Autio, a mobile audio travel-entertainment app that uses geolocation to automatically trigger stories about nearby places and landmarks. One speaker describes the product; a second speaker (an investor) voices skepticism about user demand, target market, and monetization, questioning whether it solves a real problem or can scale into an ad-supported business.
Chapters
Autio is a mobile audio entertainment app for travel that tells stories about the places, landmarks and cities that we drive by. It uses geolocation technology to trigger these stories by your location automatically. Simply press play and stories begin based on where you are.
If this were a pitch to me, I would right away be like, are you really solving a problem that people care about? I don't think there's anything here. And then I start wondering, well, who's it for? What kind of traveler? Do travelers really truly care about this? And then ultimately how does this thing make money unless it's just massive and just growing? And then you can run advertising and targeting and things like that, which is probably what this person's going to pitch at some point to these sharks. So to me, like, this is an instant amount because like, I don't think it solves a problem that people actually have that can build a meaningful business.