Transforming traditional reviews

Introducing Revid

Revid is changing the way online reviews work by introducing user generated videos as an alternative to traditional photo and text reviews. We believe video reviews are more valuable and accurate in helping quality decision making about places we go.

Opportunity

Traditional online reviews are censored, time-consuming, and misleading.

Time Consuming

To read, evaluate, understand

Subjective opinions prevail

No shortcuts

Limited Results

Coverage through text and image only

Results often different than the review

Visual imagination is hindered

Fake & Centralized

Fake reviews are a major concern

Reviews can be easily influenced

Reviews are made off-location

Impossible

To get the real picture

To get video reviews with ease

Our Solution

A mobile & video first user-generated review app

We believe in the future of video. People are spending more time on their phones consuming video content than ever before. Revid comes mobile first featuring all-screen video experience.

78%

of total mobile traffic will be video by 2021 1

11.6bn

mobile-connected devices by 2021 1

59%

draw travel inspiration from videos 2

94%

of consumers read reviews before a purchase 3

1 Cisco Visual Networking Index: Global Mobile Data Traffic Forecast Update, 2016–2021 White Paper
2 Digital Travel Research Journey (Facebook)
3 Bryan Caplan

Features

Don't read. Watch.

A video is worth a million words. We rather show visual content from different perspectives instead of plain text.

User-generated

Real-time video stories made by travelers for travelers. Change quickly through video reviews for any location you'd like to see more.

It's all screen

We move as everyone moves. People are used to consume their videos vertically. We bring all-screen videos and reviews together.

Fight fake reviews

Revids are only added when user's location is matched with the review location. This means no review without actually being there. In addition our trust-score indicates how trustworthy a user's revids are.

Build a community

Revid is not only a place to discover real video reviews but to also meet and network with other travelers. Inspire and get inspired by following others and find out new interesting spots to visit.

Different Industries

We focus on lodging (including hotels, apartments, and bnb's) reviews now. The app will expand it's categories to cover other industries too.

Unique Ecosystem

A utility token to support its ecosystem by offering blockchain and AI supported rewards and reputation systems. Tokens generated by users may be used to pay for services (e.g. hotel rooms, tickets, etc.), as well as may be exchanged to fiat or other crypto assets at a later stage. Users also receive a portion of our commission in exchange of our token. Revid is using it's own blockchain network to automate and optimize most of the processes and transactions.

Market

Size

Global online travel market

$755bn

2019

$1,01tn

by 2022

Source: Statista

Validation

Monthly Active Users

455m

TripAdvisor.com

173m

Yelp.com

Based on companies' most recent Q reports

Monetization

projected

monthly revenue per user

€1.25

based on average of competitive companies MRPU


Traffic Monetization


Commission on each booked trip

Competitive Advantages

1st to market

mobile and video only

Video Stories

Authentic, comprehensive, user-generated

Trustworthy

Location accurate

Social Aspect

connects travelers

Acquisition Strategy


organic reach


virality


paid reach


partnerships

Financial

Asking for

€500K

using

€200K

Development

€300K

Marketing & PR

To deliver

100K

Active Users by 2022

Potential revenue per year

€1.5M

100Kactive users x €15yrpu

Based on $20k ad spend/month, organic growth by 15%, organic & paid virality by 25%, user retention 30%

Our Journey

2018


Project Start

Feb '18


iOS app prototype first version

Dec '18


2019


iOS app prototype TestFlight release

Feb '19


Funding

Q2-Q3 '19


Advanced MVP General Availability

Q4 '19


Referral System

Q2 '20


Add "Restaurants"

Q3 '20


Booking comparison system

Q4 '20


2021


Rewards System

Q1 '21

Team

Michael Mamikonjan

Co-Founder, Product Owner, Marketing
Over 10 years experience in online, performance and affiliate marketing (helped e-commerce stores grow to 6 figures through performance based marketing), community building (helped HayFanat becoming the largest Armenian music community with overall reach of 700M views and 600K subscribers). Worked at Apple European HQ as a technical advisor for the DACH region. MSc in Online Media Marketing at the Danube-University Krems.

Arman Aleksanian

Co-Founder, CTO
Decentralization evangelist and blockchain pioneer. Over 18 years experience in executive positions in media communications and software development. Founder and member of the board of several companies operating across EU and Asia. Co-Founder, PUBLIQ Foundation and Blockchain R&D Hub.

Gagik Yeghiazarian

Co-Founder, Advisor
Publisher of Forbes Armenia and Georgia. Founder and investor in several ICT/hi-tech startups, consulting, publishing and media communication companies operating across CIS, North America and Asia. Worked at and partnered with Andersen CIS. Initiator and the first CEO of the Armenian Development Agency. Harvard graduate, Co-Chair Harvard Alumni Entrepreneurs, representing 10000 members globally. Co-Founder, PUBLIQ Foundation and Blockchain R&D Hub

Arutyun Pogosyan

Co-Founder, Advisor
Entrepreneur and investor who has founded over a dozen successful companies in Advertising, Media and Telecom operating in several countries. He has over 15 years of experience in digital media and publishing, founded companies that were the regional lead partners of Mail.ru, Google, Zed as well as were licensees of global publishing houses, including Forbes Media, Hearst Communications, Rodale, Sanoma, Time Out and others. Co-founder of the Blockchain R&D Hub, member of YPO.
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