Eventure Interactive Inc. (fka EVTI)

[jackg152004]

Ok guys, here you go. My questions followed by Gannon's answers in bold. Just FYI, this is all public information and Gannon agreed that I could share with the board.

1. What is the size, in $$$, of the addressable market you are pursuing with “Eventure Everywhere?”

Because the Eventure platform speaks to solving the issues of having to use up to 6 different social apps to schedule, manage and share one’s social events, we would look to the addressable market as the estimated active user market size for the social media marketplace.

Thus, we look to Facebook as a key benchmark to overall addressable market because of its comprehensive mobile-web offering, as well as its push into content capture and curation (with acquisitions like Instagram). And It was reported recently cited that as of Q2 2015, Facebook is estimated to have 1.49 billion monthly active users.*

That said, we look at how Eventure would appeal to a specific niche interest related to content capture and selective, private sharing of their event memories, which would position us more like Instagram.
Instagram is estimated to have 300 million monthly active users.*

So we believe that our addressable market is between 300 million and 1.49 billion users, depending on how we could be positioned in the market.

*www.statista.com/statistics/272014/global-social-networks-ranked-by-number-of-users/

Gannon clarified in a separate email that Eventure has 1M active users for its beta version.

2. Who do you view as major competitors? Are there any publicly traded competitors that I could use as guidance from a valuation standpoint?

Because of our crossover in how our platform can be used, we would point to the following:

Broad social media platform – Facebook; $263.3 Billion market cap (as of 9/16/15) – finance.yahoo.com/q?s=FB

Content capture and curation – Instagram (purchased from Facebook); Citibank analyst report valued Instagram @ approx. $35 Billion - http://www.forbes.com/sites/steveschaefer/2014/12/19/instagram-worth-35-billion-facebook-stock-91-citi-says/


3. Do you anticipate revenue in 2016 and, if so, how much? How will you generate revenue (app purchases, subscriptions, etc) Will you generate a gross profit?

We currently do not provide revenue guidance.

However, our projected revenue streams include:

a. In-app purchasing (digital invitations, gift cards, etc.)
b. Advertising – sponsored content; listings

We are keenly focused revenue generation that creates a self-sustaining business.

4. I believe I saw either you or Jason reference Snapchat in a previous PR, which was valued at $16B in its most recent funding round by the VC community back in May. Once your platform is fully developed and matures in the marketplace would you consider Snapchat a peer from a valuation standpoint (I realize VC round valuations can be extremely artificially inflated but do you feel EVTI could eventually approach a market cap of say $1B)?

Snapchat provides a unique reference point because of its privacy and private messaging services. We believe that privacy and allowing users to control who and what they share is a key growth area in the social media platform.

You can examine how people interact on Facebook to see that even in the world’s largest, “open” social media platform, there continues a need/want for targeted, selected sharing – either from people who want to share, or from others who are receiving the shared content on their feed.

We believe that messaging (text and in-app) will continue to evolve, and perhaps a future opportunity for them to converge. Thus, we closely monitor Snapchat because it’s a bellwether on where the market may be directing messaging, and messaging is key to how we envision people communicate in the days leading up to an event, and during an event, and how they interact with captured memories after the event has been experienced.

We are working diligently, and at the Sr. level for no compensation because we do believe that EVTI has the type of market cap opportunity that you noted.

5. What made you go the OTCBB route rather than the more common VC route?

Our Founder, Gannon Giguiere, has had past experiences with both OTC stocks (as part of the turnaround team that was recruited into Homestore.com, now Move.com) and venture-backed company – with a lead generation company he founded, GetLower.com.

From his experiences, he felt that the VC and OTC model had many of the same reporting requirements, but the difference with the VC model was that the VC’s were not as flexible and nimble should the company need to quickly pivot its business model to adapt to market changes. Today’s VC model is also built on an “all-or-nothing” mentality where runways are fairly compressed, which puts pressure on the company to quickly accelerate growth for a home-run and a second base hit might not be good enough for additional rounds of funding.

Thus, with the ever-changing landscape of the technology sector, the public markets roadmap was a more attractive option.

Additionally, public stock provides for currency that would allow the company to draw on future opportunities where the company might have opportunities to acquire vs. build.

6. Do you have other patent applications currently submitted to USPTO? If so, how many?

We have numerous patent filings that have been submitted.

Of those, we have 2 patents that have been granted in the last 13 months – #8,769,610 and #9,112,913.

We believe that this affirms our technological vision and direction on where we want to take Eventure, as well as the intellectual property claims that provide accretive value to shareholders.

7. This may be pushing it a bit but at what valuation would you consider selling the company, if at all?

We are not in a position to directly comment on the question. However, we will continue to explore all opportunities that maximize shareholder value.