The Pitch Investors Live app is available on the iOS App Store at time of writing. It connects unaffiliated entrepreneurs or project teams who wish to sell blockchain tokens as a method of Capital Accumulation to prospective customers who are using the app. Potential customers can request the entrepreneur or team to pitch their product and explain the benefits, costs, risks, and other pertinent information via a live streaming video. Simultaneously, other app users can watch and participate via text. The app does not endorse or recommend any entrepreneurs or project teams. Its function is to provide an easier way for project teams to connect with potential investors.
PITCH Investors Live Platform: Current Version
The Pitch Investors Live platform is a software product which can already be accessed from an iOS app, and eventually from the web and Android devices. It allows entrepreneurs to create short summaries of their product or business, which they users can then easily sift through to find those in which they have some interest. The next step is for the potential token sale customer to invite the entrepreneur to pitch live via the platform. During this live pitch, other users of the app may watch as audience members. The platform also rebroadcasts the “show” live to Facebook Live and (soon) YouTube. Recordings are stored on YouTube.
The entrepreneur Pitches another user via live video, in front of an audience
The pitch event takes place between two participants: an entrepreneur and a potential token sale customer (or oftentimes an expert reviewer). Pitch Investors Live does not participate. The participants connect via WebRTC video. After connecting, the entrepreneur’s job is to convince the expert that the tokens he or she is selling are worthy of purchase. The expert’s job is to learn as much about the opportunity as possible and make a decision about whether he or she is interested. The audience can view the discussion and contribute their own questions or comments by text entered into a chat box. The live broadcast is syndicated to Facebook, YouTube and other places where it can reach a wider audience.The existing app provides incentives for they users to remain unbiased in their evaluation of startups. In this way, the audience gets the benefit of the expert’s experience and not just a sales pitch for the tokens.
PITCH token sale
They will create a fixed supply of 1,618,000,000 ERC-20 tokens using the symbol, PITCH. PITCH will be divisible to 9 decimal places. The token sale will be conducted via Ethereum smart contracts. Participants will be invited to purchase tokens only after we have reviewed and accepted their identity.
Sold before token sale: 5% of initial supply at $20 million valuation.
Token sale: 20% of initial supply.
Operations: 20%: Business development, incentives for partners, marketing initiatives.
Team, Advisors, Legal & Bounties: 25%
PITCH rewards (issued to on-platform experts): 30% (20% of remaining tokens issued every year).Payout scheme for reviewers and experts to contribute to the platform.