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Sep 16, 2016 1:52 EST

Crowdability: Hang w/ – Live-Streaming Video Platform

iCrowdNewswire - Sep 16, 2016

Hang w/

logo

Live-Streaming Video Platform

COMPANY INFORMATION

Website:

https://www.hangwith.com/

Sector:

Mobile Software & Services

Location:

Fountain Valley, CA

Hang w/ is a mobile live-streaming video platform that enables anyone, anywhere, to broadcast live video to friends, fans and followers using nothing more than a smart phone.

Broadcasts can be monetized via an integrated ad platform which runs advertising before and after live broadcasts. Broadcasters can earn additional revenue through the sale of Pay-Per-View “Digital Tickets” and by receiving “Digital Tips” — both of which can be converted to cash.

Users create Pay-Per-View live events and set their own price in just a few taps. Viewers make their purchase using digital coins. In-app tools help promote the ticket across Facebook, Twitter and Instagram.

Tipping allows a viewer to give money directly to a broadcaster during a live broadcast. Tipping is done in increments as low as $.10 or as high as $10.

The problem that Hang w/ aims to solve is that social media is becoming increasingly fake. Social media teams schedule tweets on others’ behalf. Photos are photoshopped. YouTube videos are carefully edited. And very little of what is seen today via the major social platforms can be known for a fact to be real.

Next, content creators and influencers are not getting paid for their efforts building an audience and content across platforms like Facebook, Twitter and YouTube, and they are getting increasingly frustrated by it. Influencers who create content that is seen and shared by millions get nothing, while the platforms upon which this content is shared gain all the financial advantages.

Hang w/ streams live to those audiences — and monetizes them. Hang w/ live video can not be faked. If you see it live on Hang w/, you know it happened. During the live streaming video, viewers can engage the broadcaster and each other directly and in real time through simultaneous live chat.

With recent advances in technology, and the decreases in server and storage costs, Hang w/ now makes it possible for anyone to use their smart phone to stream live video to dozens, hundreds, even millions of simultaneous viewers.

Hang w/ is unique among competitors and has developed a number of industry-leading features such as:

• Stream Live to both Facebook & Twitter
• User Monetization through Advertising, Pay Per View Digital Ticket and Tipping
• Private Access Broadcasting
• User-to-User Messaging
• Share to YouTube
• Stream Live from a GoPro
• Live Broadcast Filters (basically, like photographic filters)
• 24/7 Moderation and User Blocking
• Curated Discovery

Today, the platform has reached millions of users across the app, Facebook, Twitter and on the web.

Its patent-pending architecture was built to handle significant scale and growth.

Hang w/ has attracted a number of celebrity users, investors and advisors including:

• Curtis “50 Cent” Jackson
• Jared Leto
• Timbaland
• Terrell Owens
• Larry the Cable Guy
• Elton Brand
• Coco Crisp
• The Brooklyn Nets
• Soulja Boy
• Common
• Ne-Yo

Hang w/ has millions of users, with more than 3,000,000 live broadcasts. It achieved 1 million users in its first 9 months; that’s faster than Twitter and Facebook.

Its patents were filed over 2 years ago, ahead of Twitter’s Periscope and other live streaming services.

It’s the official Live Streaming Partner for events such as Style Fashion Week, and it plans to expand its technology across a number of verticals such as health, dating, motivational speaking and real estate.

As actor Jared Leto said: “I believe we are entering a golden age in technology. Creative minds are harnessing what’s possible to take human relationships to the next level. Hang w/ weaves together some of the most powerful technological elements – including mobility, social media and live streaming – into one platform.”

As Curtis “50 Cent” Jackson, an advisor and investor in the company, said, “Hang w/ fits seamlessly into my overall business strategy. I see ways to use it to promote my headphones, apparel, energy shots, film and TV projects, my boxers, and even my philanthropic endeavors.”

And Timothy “Timbaland” Mosley, a producer and investor in the company, said: “I’ve seen the power of social media and how a simple tweet or Instagram pic can bring awareness to an album. I think Hang w/ takes things to the next level. I believe the entertainment industry will line up behind this application and I intend to be at the head of the line.”

The company has been featured in the Wall Street Journal, CNBC, and Fast Company.

For market comps, the company notes that video platform Meerkap is currently valued at about $54 million; Periscope was acquired by Twitter for $86 million; and WhatsApp was acquired by Facebook for $19 billion.

To date, the company has raised $3.4 million with support from artists, athletes, celebs and influencers.

TEAM BACKGROUND

Dave Swartz – Co-Founder & President

Formerly, Swartz was the co-founder and chief creative officer of MEDL Mobile, the company that incubated Hang w/.

MEDL Mobile is a mobile industry pioneer that has designed, developed and deployed hundreds of mobile apps for the Apple iOS and Google Android platform — with several of them reaching the #1 spot in the App Store.

MEDL has driven more than 25 million total downloads across the library of apps for companies that range from Taco Bell, Teleflora, Hyundai and Experian to Marlee Matlin, Sarah Silverman, Real Madrid and Cheech & Chong.

He earned his BS in Advertising from Boston University.

Andrew Maltin – Founder & CEO

Maltin has a long history of successful entrepreneurship.

He was the CEO and Founder of Exotics, Inc., which went public in 2001.

He was the CEO and Founder of RepCheck, Inc., which was sold to Identity.net in 2008.

He was CEO and Co-Founder of Momentum Gaming, which was acquired in 2006.

And he was CEO and Co-Founder of MEDL Mobile, the custom developer and aggregator of mobile applications which incubated Hang w/.

MEDL and has been featured in CNBC’s Planet of the Apps, Advertising Age, CNN, The Guardian, The LA Times, The New York Times, MacWorld, NBC, ABC, CBS, and FOX

He earned his BA from California State University-Northridge.

Murray Williams – CFO

Formerly, Williams was one of the founding members of Buy.com, Inc. and its chief financial officer.

He created and developed the accounting, finance, legal, business development and human resource departments, helping grow the company from 5 employees to 350 employees with 500 outsourced customer service representatives, doing $1 billion in sales after three years.

He also managed Buy.Com’s expansion into Europe, Canada and Australia, closed $225 million in private funding, and helped take the company public in February 2000 with a $2 billion valuation, generating proceeds of an additional $186 million in public financing for the company.

Williams earned his BBA in Accounting from the University of Wisconsin-Madison.

Rick Chen – CTO

Rick was previously the Technical Director at Glu Mobile, and at Cie Games.

He attended Ohio State University

CO-INVESTORS

Curtis “50 Cent” Jackson

One of the biggest hip-hop stars of the 2000s, famous for his streetwise raps and his rags-to-riches life story.

Elton Brand

American professional basketball player who currently plays for the Atlanta Hawks of the NBA.

Larry the Cable Guy

Daniel Lawrence “Larry” Whitney, best known by his stage name and character Larry the Cable Guy, is an American stand-up comedian, actor, voice actor, and former radio personality.

Terrell Owens

Legendary wide receiver who played 15 seasons in the National Football League. Six-time Pro Bowl Selection.

Timbaland

Timothy Zachery “Timbaland” Mosley is a renowned American rapper, record producer, and songwriter.

 

 

Contact Information:

Dave Swartz - Co-Founder & President

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