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LIVE Stick

All-in-one smartphone gadget with a LIVE Mic for creators

Pakistan
Market: Electronics, Gadgets
Stage of the project: Operating business

Date of last change: 31.01.2022
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Idea

LIVE Stick is the world's first six-in-one smartphone gadget with a LIVE Mic for creators. Tripod, selfie stick, mic and light all in your pocket.

Current Status

We have sold 1200+ units of LIVE Stick 1.0
25K USD revenue generated

Market

Creator Economy Market size is $105 Billion. There are 50 Million content creators like Youtubers, Tiktokers, Influencers and Journalists.

Problem or Opportunity

1. Voice recording problem is faced by creators due to lack of wireless microphone for smartphone.
2. Lack of all-in-one pocket-size gadget for creators.

Solution (product or service)

Introducing LIVE STICK™
LIVE Stick is the world's first smartphone gadget with a LIVE Mic™ for smartphones. It's a six-in-one pocket-size gadget.
Tripod, Selfie Stick, Camera stick, Bluetooth remote, microphone and light - all in one.

Competitors

Competitors:
Huawei, Xiaomi, Anker, Aukey

Alternative:
Big sized tripods with ring lights (not portable), wired mics etc.

Advantages or differentiators

Our USP distinguishes us from our Competitors that is;
i. LIVE Mic
ii. Six in one pocket size

Finance

Product Retail price ranges from $19 to $49 for various variants.

Revenue streams;
B2C online sales
Market places
Distribution channels

Business model

We keep a specific percentage of profit margin on each sale we make.

Money will be spent on

40% of the funds will be spent on inventory & product development
20% on human resource
20% Branding & Marketing
5% Legal
15% Other company expenses

Offer for investor

15% equity against 500000 USD (seed stage)

Team or Management

Risks

Product might be copied

Incubation/Acceleration programs accomplishment

1. National Incubation Center Islamabad, Pakistan
2. Epiphany Lab, Pakistan

Won the competition and other awards

Participated in;
Pakistan Startup cup by TiE (2019-20)
Get in The Ring global finale Germany (June 2019)

Invention/Patent

The provisional patent for our product is already filed in IPO Pakistan.
Trademark application is in process of registration

Photos

Photo 1 - All-in-one smartphone gadget with a LIVE Mic for creators

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video
Presentation