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Apply to Y Combinator (1) #174

Open v4ex-inc opened 2 years ago

v4ex-inc commented 2 years ago

A1. Company

  1. Company name: V4EX Inc.

  2. Company url: https://v4ex.com

  3. Demo url:

  4. Describe what your company does in 50 characters or less.

    V4EX Inc. is an international development company.

  5. What is your company going to make? Please describe your product and what it does or will do.

    What is your company going to make?

    1. Apple iOS App/Game (Gamification): V4EX Vote

    Please describe your product and what it does or will do.

    1. V4EX Vote is an instrument that 2.1. Gives quotas for users to initiate new poll and vote for existing polls 2.2. Records the facts and datas produced by these behaviors 2.3. Charge money from and give additional powers to enthusiasts

    2. Provides public API for 3rd parties to get voting results

  6. Where do you live now, and where would the company be based after YC?

    Manila, Philippines / Delaware, U.S. / California, U.S.

A2. Contact

  1. Email: ycombinator.com@v4ex.com
  2. Phone: +1 6464811986

A3. Founders

  1. Email Address of Cofounders
  2. 1 minute unlisted (not private) YouTube video introducing the founder(s):
  3. How many founders are on the team? 1

A4. Category

  1. Which category best applies to your company? Community

A5. Progress

  1. How far along are you?

    1. Idea (Completed)
    2. Working on Business Plan
    3. Working on Sketch Design
    4. Working on Xcode Development
    5. Recruiting staffs

  2. How long have each of you been working on this? How much of that has been full-time? Please explain.

  3. Are people using your product?

  4. Do you have revenue?

  5. If you are applying with the same idea as a previous batch, did anything change? If you applied with a different idea, why did you pivot and what did you learn from the last idea?

  6. If you have already participated or committed to participate in an incubator, "accelerator" or "pre-accelerator" program, please tell us about it.

A6. Idea

  1. Why did you pick this idea to work on? Do you have domain expertise in this area? How do you know people need what you're making?

    Why didi you pick this idea to work on?

    1. For profit.
    2. Introduce better ways for people to engage in the community, city building, country building, and world building.
    3. Help people get what they want or at least get their wishes be heard.

    Do you have domain expertise in this area?

    1. Born and raised in a freedom score lower than average region, understand restrictions are applied with reasons in some regions.
    2. Understand the true value of democracy.

    How do yo know people need what you're making?

    1. If people are still willing to exchange money for more freedom.
    2. If administrations are still aiming for social stability and economic prosperity.

  2. What's new about what you're making? What substitutes do people resort to because it doesn't exist yet (or they don't know about it)?

    What's new about what you're making?

    1. Join community building, city building, country building and world building with iPhone on hand.

    What substitutes do people resort to because it doesn't exist yet (or they don't know about it)?

    1. Senates, councils, parties, governments, online forums or helpless.

  3. Who are your competitors, and who might become competitors? Who do you fear most?

    Who are your competitors, and who might become competitors?

    1. Facebook
    2. Twitter
    3. LinkedIn
    4. Reddit

    Who do you fear most?

    1. Twitter

  4. What do you understand about your business that other companies in it just don't get?

    1. Political or not, it should be fun enough to attract those actual talents.
    2. All human beings are connected, forbid people to contribute to make the world they are living in by social rankings, locations, races, or culture in world building matters should be reconsidered.
    3. Help people understand why choices were made that way even against will of majority sometimes.

  5. How do or will you make money? How much could you make?

    How do or will you make money?

    1. By charing enthusiastic participants money and give additional powers.
    2. Free users get one universal vote quota recharge every 24 hours, subscribed members get one universal vote quota recharge every 6 hours.
    3. Free users get one universal poll quota recharge every 96 hours, subscribed members get one universal poll quota recharge every 24 hours.
    4. Super charge effect can be purchase as one-time consumable or daily subscription for US$1.00.

    How much could you make?

    1. According to https://en.wikipedia.org/wiki/2020_United_States_presidential_election, there are at least 74 million in U.S. will cast vote beyond just swipe left/right on their mobile phone. It would be more if widen this range.
    2. Consider 1% of 74 million as enthusiastic participants who would contribute US$1.00 daily to the App (without consider other fee), daily revenue would be US$740,000 in US market, US$270 million a year.

  6. How will you get users? If your idea is the type that faces a chicken-and-egg problem in the sense that it won't be attractive to users till it has a lot of users (e.g. a marketplace, a dating site, an ad network), how will you overcome that?

    1. Promote significant polls and results on social networks, Ad networks, email lists.
    2. Challenge celebrities regularly as a fun game to allow them to show people that they can be smart and have unique opinions.