WGAN-TV Intro to Asteroom Virtual Tour Platform with Founder and CEO Eric Tsai #1479-What Are The Asteroom Policies

And if we were going to monetize your data, right, this is a big buzz. I mean, every Matterport Service Provider talks about that. So you know, Matterport claims ownership of my data and they make money from the data,…

WGAN-TV Intro to Asteroom Virtual Tour Platform with Founder and CEO Eric Tsai #1479-What Are The Asteroom Policies

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And if we were going to monetize your data, right, this is a big buzz. I mean, every Matterport Service Provider talks about that. So you know, Matterport claims ownership of my data and they make money from the data, they don’t, I don’t get a piece of it, and I want to let you know that if you use Asteroom, and if we monetize your data, you will get we’ll have to ask for your consent. And if you give us your consent, you will get the revenue on the data. And we haven’t figured out how to give it back to you, but we will give it back to you.

– I think that’s super-important. There are platforms that, that actually say, would you like us to would you like to opt in for us to license your 360 images? We’ll do that through a third-party company that licenses photography. First, that’s an opt-in, it’s not an automatic opt-in, you have to opt-in if you want that. And second, there’s a revenue split. And so you decide you’re happy with the revenue split, or you’re not. And I think that that’s, I’d love to see at some point, Eric, that you all have succeeded to the point where you are able to create additional opportunities through critical mass and be able to go back to the content holders and say, “Hey, we’ve developed this program would you like to opt in?” Here’s how we’re providing compensation. I don’t know it just seems so civilized to me. I don’t know why. And a hard concept in some quarters to get. I think what I’d like to end on is, my observation is, I’m going to give you my observation and give you the last chance here. My observation of Asteroom is like, this is so amazing, in just a couple short years, you’ve created this amazing product. 360 virtual tours, you’ve addressed the largest addressable market, which is how can you affordably shoot prices in the $250,000 range so that it is both affordable to your client, a real estate agent, and you can make money knowing that it doesn’t take a whole lot of time to create the tour. As you described, it might take you 15 or 20 minutes, upload it and boom! You got the tour the next day to share with your client.

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