November has been a month of building processes & procedures, meeting with investors and getting to cash flow positive. We’ll dig deeper in the update below.
Live Urban Denver begins training it’s agents on how to use virtual reality to tour homes.
We use our virtual reality demo at almost every brokerage presentation we go to in order to educate agents on what they’ll be able to do with our product when we are ready to release it. Not only are we educating them but by showing our VR product at sales presentations, we usually see a increase in orders (I haven’t calculated it yet but I think it’s an additional 50%+ increase).
Although we’ve been cautious to launch our MVP of the virtual reality product publicly, one of our pilots with Live Urban has been using it as a marketing tool.
Walkthrough has rounded up several investors for their seed round and just needs a majority stake investor to lead their seed round.
Throughout Q4 we’ve spent time interviewing candidates to bring onto the team and connecting with investors all across the US & Canada. We’ve lined up talent that we’d bring on after the closing of our raise from engineers, to sales reps, to a head of sales & operations.
We’ve found several different investors who are interested in participating in the round and most are looking for a lead investor with a majority stake of the round to set the terms. We’ve been on the road connecting with different firms and have also applied to both River Ecosystem and the TechStars Accelerators. We should hear back by the end of the year if we’ve made it in to either program.
Walkthrough replaces the time-consuming process of touring multiple properties with a simple and affordable virtual reality experience. (view investor slide deck)