Videoloft

    3:51PM May 13, 2020

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    Hello, everybody. My name is James West. I am the CEO and co founder of Videoloft. I'm joined by Tom and Phil from our engineering team. By way of background, we originally started this company as a totally different business model eight years ago in 2012, to turn old smartphones into home security cameras. And the reason we did that was at a time we identified devices into ad hoc monitoring cameras. And what we discovered was that there are a lot of people that had a need for that. So we had 1.2 million people who have used that product. We had subscribers to our cloud service, and it was basically being used for recording where there was an immediate need. So I have a delivery arriving. I have a sick pet elderly relative I need to deploy a camera we discovered is kinda two things. One was that it was a crazy idea to try and have a business off of that model. It's incredibly unstable as far as the cameras go, because cameras that are old smartphones have round edges get knocked over get too hot, pets, chew them, old people knock them over. And and it also taught us a very important lesson, which was that