Tim DraperFounder and Managing Partne, Draper Associate · I back the ideas that look crazy first

💥 Will Blocktag convince the judges of their vision? 💥

24 Feb 2024 · 1 min

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In this brief exchange, Speaker A probes the commercial progress of Blocktag's service. Speaker B confirms the product is operational and cites several memoranda of understanding (MOUs) with customers, highlighting a specific request from one company for 60,000 RFID/NFC tags. Speaker A then asks for the per‑tag price, focusing on the unit cost and revenue implications of the large order.

Has anybody bought your service yet?
Yeah, so it's up and running. We have several MOUs. This one company, they asked us for 60,000 tags.
So how much is 60,000 tags to you? What do you charge per tag?
We were asked with a couple questions that kind of— I wouldn't say derailed, but it changed our focus a lot. So we're not a tag sales company. That's not our vision. Our business model is more about getting everyone to scan the tags, getting more users on this. So that we can get that data.