Me too. Even when I mentioned $10B valuation. "
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Posted On: 05/17/2022 3:16:10 PM
Me too. Even when I mentioned $10B valuation.
"If Verb just gets 1% of that, it's 1/2B in revenue. When that happens, I would put Verb valuation at $10B very conservatively."
If you just look at the other online LIVE shopping sites in this space and their valuation and then compare that to Verb, it's easy to justify those numbers. They are in the billions and just sell have a niche.
That doesn't even factor in Sports teams being on Market. Years ago my BIL decided to retire and open up a sports card store. He had a football player come to his store to sign autographs. He sold out of everything related to that sports team and could have sold 50 times more. He had no idea the size of the crowd that was going to come. It was pandemonium.
So imagine a sports figure doing a Market event? Maybe 10K users isn't enough.
While the $5,000 from the first few events was all fine and dandy. that is the minimum I would expect sports star to fetch on Market per minute.
Usually anything ecommerce related warrants high valuations. This will as well.
"We have reasons to believe this strategy will prove to be an effective one as at least one team has already reported extremely impressive results from their use of the platform – such as 72% click-through rates using our interactive video technology. In addition, we’re now in talks with one league who is exploring the possibility of rolling our sales enablement platform out to all of the teams in their league. And as I mentioned in the last call, it is my expectation that there will be MARKET and verbTV implications for the sports teams using our platform."
"If Verb just gets 1% of that, it's 1/2B in revenue. When that happens, I would put Verb valuation at $10B very conservatively."
If you just look at the other online LIVE shopping sites in this space and their valuation and then compare that to Verb, it's easy to justify those numbers. They are in the billions and just sell have a niche.
That doesn't even factor in Sports teams being on Market. Years ago my BIL decided to retire and open up a sports card store. He had a football player come to his store to sign autographs. He sold out of everything related to that sports team and could have sold 50 times more. He had no idea the size of the crowd that was going to come. It was pandemonium.
So imagine a sports figure doing a Market event? Maybe 10K users isn't enough.
While the $5,000 from the first few events was all fine and dandy. that is the minimum I would expect sports star to fetch on Market per minute.
Usually anything ecommerce related warrants high valuations. This will as well.
"We have reasons to believe this strategy will prove to be an effective one as at least one team has already reported extremely impressive results from their use of the platform – such as 72% click-through rates using our interactive video technology. In addition, we’re now in talks with one league who is exploring the possibility of rolling our sales enablement platform out to all of the teams in their league. And as I mentioned in the last call, it is my expectation that there will be MARKET and verbTV implications for the sports teams using our platform."
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