Danielle Center

North Hollywood, CA (USA)
Role(s):
Founder/Owner/Principal

VidDrop

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Location: Los Angeles
Industry: Technology/Web
Year Founded: 2017
Number Employees: 1-10 people
Business Stage: Growth (not profitable)
Entity Type: "C" Corporation
Description: VidDrop: A bold solution using the power of video to empower consumers for e-commerce shopping. Watch 2 short less than 2 minute videos at: (URL removed) (URL removed) We are like a Yelp meets YouTube for e-commerce shopping. We are a product review video site. We will have a web platform and video creation mobile app. Consumers will research e-commerce purchases based on product review videos. We are the one place online where consumers can post and watch online product review videos. We are the first of our kind creating an online product review video-based shopping experience. Consumers can receive email coupons for viewing and posting videos. We will also have a mobile app where people can create product review videos and post them to our video platform. Brands can place 1-10 minute product video ads on our site for a fee. PAST SUCCESS: The co-founder of VidDrop, Danielle Erica Center has worked at Yahoo in technology marketing. Both co-founders Danielle Erica Center and Ryan Bonelli previously worked at (URL removed), an e-commerce gardening site with over 6,000 products. They created an amazingly successful YouTube Channel with over 300 interesting online product videos on gardening. It was the #1 gardening channel on YouTube. In 2015 and 2016, (URL removed) generated over $5 million in revenue with 75% of our sales coming from our YouTube traffic! (URL removed) now has over 10.9 million views on YouTube. MARKET OPPORTUNITY: Online video advertising is estimated to be a $28 billion dollar industry in 2019. B2B REVENUE MODEL: We also have an API for our B2B business platform. We have created a unique API that e-commerce businesses can use to add video reviews to their website with ease. What normally would take a tech department month they can use our API and add video in weeks. VidDrop has a SaaS business model. We charge e-commerce businesses $50,000 and $100,000 a year to host and manage their video reviews. Consumers can use our mobile app to create video content for brands like Sephora and Target. REVENUE: We estimate revenue next year (one year after launch) $2,575,000 and 2021 $13,500,000 and in 3 years or 2022 $27,000,000 and $54,000,000 by 2023.