- 2 months ago
Naqi Logix is transforming the way we can connect with technology, while Chop Chop is a food delivery app that eliminates third-party commissions.
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00:00welcome to go fund yourself watch up-and-coming entrepreneurs step into the spotlight to pitch
00:12their businesses to you this is interactive tv like what you see scan the on-screen qr code
00:20with your mobile device and invest in these businesses in real time all right here we go
00:25let's go another round you decide whether to help these entrepreneurs dreams come true
00:30or tell them to go fund yourself i can see this thing being a worldwide hit meet the titans
00:39ready to ask the questions you the investors want answered how do you make money creator of go fund
00:46yourself rory kataya it makes sense to crowdfund something like this and get in now jason waller
00:52can't tell you what to do but this is a lottery ticket david melzer things will go viral very
00:57quickly this isn't just entertainment because there is a huge opportunity with the money that
01:02you've raised what will you do with it i love this this may be one of the best deals i've seen and now
01:07it's time to go fund yourself
01:09today's panel of titans includes entrepreneur speaker and transformational advisor maya
01:19komarota and senior retail executive and consumer goods tastemaker freddy cameron and here to introduce
01:26a radical new product sandeep aria chief business officer and david siegel co-founder and chief
01:33innovation officer naki logics people really need this technology not just for the people who need help
01:40with the assistive tech but it is a technology for anyone out there so we open arm welcome everyone
01:49hi my name is dave siegel i'm the co-founder and chief innovation officer at naki logics
01:58hi my name is sandeep aria i'm the chief business officer at naki logics at naki logics we aim to
02:04transform a traditional wearable such as smart earbuds into one of the world's most powerful neural
02:10interfaces with something as subtle as raising your eyebrow clenching your jaw or even doing a firm eye
02:18blink gives you almost an unlimited control of your computers your mobile devices wheelchairs
02:27robotics games ar vr essentially your entire connected world everywhere where we live work
02:35we'll play okay can i just stop you for for a second
02:40i am so in i was just talking lori's language so into this right now okay and i know nothing about
02:47it you just cost me a fortune okay go ahead no it's no problem what we have done is created a whole
02:54new evolution of how all of humanity will interact with their computers and devices all of technology
03:02i'd like for all of the titans right now if you can to take out your phones and i want you to take
03:08your phone and i want you to unlock it i want you to text somebody who you care about and somebody
03:14that's special to you just it could be as simple as hey hun hopefully your day is going well and then
03:21when you're done just put put the phone down takes jason while to find someone it's true it's easier for
03:27some i don't like a lot of people you know that's struggling and vice versa and that's true too
03:34according to the world health organization as simple as that was
03:38over two and a half billion people around the world struggle to do that they're challenged to
03:44interact with their phones and their computers and pretty much any and all technology you have to
03:51master this technology for somebody that can't move it all below the neck what we've done is create an
03:58entirely new way for people to play games people to interact with ar vr wearables without touching
04:04swiping things of that i can't take it anymore show it to me so here we are let's see it in action
04:11what naki is all about so this earbud has neural sensors which captures your emg data emg data is
04:20electromyography which is when we make any gestures such as jaw clenches eye blinks mouth open mouth
04:28close all of that translates in an electrical form waveforms what we are able to do that is not only
04:35capture that with the naki ai we are able to understand and differentiate between them
04:41seriously so what dave is right now doing he's not moving right but he's a can we say hi titans
04:49i i i'm still in awe i'm just i'm getting overly excited jason oh geez
04:56what's your favorite color what's your favorite pink pink okay that's so stereotypical
05:02i love your jacket jason thank you i'll make it bigger yeah let's make it bigger let's make it bigger
05:08and you're doing that with your facial movement yeah so right now what it's doing is is basically
05:13your jaw clenches and your subtle head movements which is like hardly one or two degrees and you're
05:19able to control the whole screen around you is what really is going on and it's pretty much you don't
05:27need to really have any hand movement involved or body part as long as you can do that the inspiration
05:35came from what if we were born without eyes without hands without limbs and we still have to interact
05:41with the technology around us how do we do that and it all started there but you can literally control
05:48any application the most complex we have recently done is the revit autodesk you can control that which
05:54is for the architecture buildings and so on like how is he doing i see him but like yeah so if you notice
06:00subtle head movements the gyros so he's able to move like the cursor with his head like also the
06:05jaw clenches they're all basically turning into the commands how much have you raised as of today we
06:11have raised around 10 million dollars and most of it has come through the crowdfunding and private
06:18placements so 50 percent private placement 50 percent crowdfunding and are you currently raising money
06:23again yeah right now we are raising another round of crowdfunding for 15 million dollars
06:28by the way what you're seeing on the screen behind me i'm real proud of i want you guys to take notice
06:34of it because it's it's never happened before i think in humanity just a number of months ago i
06:39demonstrated the ability to fly a simulated 737 in x-plane 12 which is a bona fide righteous flight
06:47simulator that real pilots use to to train on full 3d cockpit using nothing but the neural earbud for input
06:54i feel if i can fly a simulated 737 in a top tier flight simulator then that one out of three of us
07:02that two and a half billion people around the world who struggle to interact with their technology
07:07will now have hope you could buy something as simple as a smart earbud put it in and and now be
07:13competitive to able-bodied individuals not only at work but also in gaming for instance with just the
07:19earbud i mean if you're doing all that what's the battery life yeah so we are working so this is a
07:29prototype right and what we are looking at to have a productive full day battery life so eight hours is
07:36what we are looking at there's a lot of opportunity and lots of markets that would benefit from this
07:41which is your primary market yes so the application of naki goes not in the accessibility but industrial
07:48setting imagine anyone who is having gloves on out there in the industrial setting cannot do the
07:55input of the data we have been contacted by one of the top airlines in the united states just to do
08:02that for the baggage handlers they hate entering data similarly we have been asked for the people who
08:07are out there in the field who would like to control and and remotely send the data back from
08:13what they are seeing from their air glasses they have their hands are tied up so all of that is
08:18possible now amazing amazing congratulations we currently have 28 patents around the world in
08:24three separate patent families we have an incredible moat around this technology that covers everything
08:30from true thought control true brain computer interface logic to a more hybrid approach which
08:35is what this is using using more ubiquitous electrical signals from your face you raise your eyebrow that
08:40creates a high amplitude wave you clench your jaw creates a high amplitude wave and through that
08:46allows you to really mimic many of the capabilities you could type 60 65 characters per minute with
08:52practice natively without predictive logic without swiping so when we did our research and we talked
08:59to people like what are the three or four devices assistive devices that matter to you they said one of course we
09:06would like to have computer control because we want to be productive and join the workforce if we can
09:11number two we want to communicate with people so mobile is absolutely must and the last they happen to
09:18say that if we could get somehow somebody to feed me without depending on a caregiver and that is a robotic arm
09:26so then we collaborated with a company named quinova we are now very proud that person can drink and eat with just with the robotic arm
09:36control it with just the earbud amazing what's the uh you get the 15 million what does that do for
09:42you where do you spend that at yeah so this is a fourth generation prototype and we are constantly
09:48evolving in terms of each human ear is like a fingerprint it's very different how do you create a universal
09:54fit how do you make sure that your user interface is intuitive easy to understand how do you make sure your
10:01ai engine is so robust and personalized that it knows this is me and this is dave the moment i put it
10:07in so a lot of money that we have raised so far till date and what we are we gonna raise is gonna go into
10:14the product development almost 70 80 percent of it and as we get into the product to commercialization
10:20which is in the production phase that's where the most of the money will also go how long realistically do
10:25you think till it's commercialized so you're selling it into virtual tech from the design that we have
10:30to bring it to market we probably need 12 to 18 months is when it can be go live 12 to 18 months
10:37that's where we see that's a lot faster i thought way faster than it's amazing yeah sold you have
10:42something special for sure yeah i i got it what do you think right one two three
10:48getting the further validation from the titans and everybody around tells us that we are on the
11:02right path and this will help us in raising the necessary fund to bring this technology to the
11:08market incredible thank you so much it's an honor to thank you if you would like to learn more about us
11:14and want to be part of our journey please scan the qr code on the screen i think it can help a lot of
11:20people yeah the gaming is great but you know just people that may not be able to do certain functions
11:26can use that technology to make their lives better and make lives better for others um so i really do
11:32think there's something special here yeah this is this is special um i really want to be involved in this
11:38in some capacity definitely red button worthy red button worthy yeah congratulations to them
11:44good job this was uh this is a privilege to be part of this and hear this presentation it really is it
11:49is yeah we'll look back on this 10 years from now and say we were there
11:56i would use knocky logic to control my tv drive my tesla i could even drive a plane if i wanted to
12:02that's a great idea that's really cool i love that it's the future and if you don't you're not into
12:07that kind of thing i suggest you start learning about it because everyone else is going to be in
12:11a waste so go scan that qr code scan that code go find yourself joining our titans for this next
12:18presentation melissa hibbert president of beauty founders agency as well as dave harden founder and
12:24managing partner at outpost ventures and here with their plan to revolutionize the food delivery
12:31industry industry are troy smith and will villago founders of chop chop restaurant owners are
12:37handcuffed to third-party delivery apps the demand is definitely there and we have a product that the
12:43market is really yearning for
12:50hi titans i am troy smith and i'm will villago we are chop chop during covid third-party delivery apps
12:59we're considered to be the heroes but the truth is the model is broken restaurants are paying up to
13:0630 percent just to have their food delivered and with razor thin's margins that's just not sustainable
13:13anymore at chop chop we match restaurants with local drivers drivers are verified and they're
13:20independent and to make it a hundred percent transparent we make sure that the restaurant
13:25pays the driver directly there's no hidden tips there's no hidden fees we allow the restaurants
13:31to take their own orders and their own payments they're taking their customers back they've lost
13:36them to the delivery apps and it's it's costing them a fortune all we want to do for our first year
13:41goal is strip away one percent of the available market that translates to 15 million in revenue so
13:49i got to know though to go to the restaurant no you're just going to use the app like you use any other
13:54app are we wrong tell us what tell us what's going on we're not involved in the ordering at all so
13:58i'm at home i want steak what do i do why don't you get a salad you know what dave's right i'm trying
14:05to lose weight i want a salad and tofu what do i do so you're going to go into the sweet greens own app
14:11and order through their app i'm going to go to the stores at the restaurants app correct how do i know
14:16that though that's because you go to you go to yelp you i use the restaurants menu and then we reverse
14:21engineer a lot of people like me who services that instead they lose me when i'm already on their
14:29menu yep now they'll say well chop chop and i'm saving they're saving and the driver is making more
14:36one of the things that i like is you don't have to replace the competitors that if you focus in on
14:43restaurant acquisition and driver acquisition then it becomes a choice and we know how much the
14:52restaurants will prioritize chop chop over the existing system because the dollars matter how are
14:58you going to acquire restaurants and drivers because that's the two people if you have tons
15:03of those people the system works so we ran a uh a very small budget meta campaign 200 bucks
15:09put it out there within five days 12 restaurants signed up ready to use the app because it makes
15:16sense for them there's a million restaurants here in the u.s just under 600 000 use third-party apps
15:23there's six million gig drivers here in the u.s alone so they're out there i know what i started
15:29driving with with one of the apps when we first ride back in the u.s from cape town in 2020 right when
15:34coveted when i started driving it was eight bucks minimum of delivery and it was it was good they're
15:40down to two bucks a delivery night right now for driving what do you pay so we the restaurants decide
15:45what they're going to play we we the app does a recommended minimum suggestion eight dollar delivery
15:51minimum two bucks a mile are you integrating or are you white labeling like so good question so that
15:58is i think that's our one of our long-term vision okay is to create that seamless um process as
16:05obviously everyone here you're working off the assumption that these third party are ordering apps
16:10we're not an order we're currently just a delivery app we want to bring this back to who it matters
16:17which is the restaurants themselves my my concern is the is the consumer at home i love this because you
16:23could you could talk to the restaurants they're going to save money they control it you can talk to the
16:26drivers they can make more that works the problem or the the hurdle is how do you get people like
16:33rory and myself who are so conveniently easy to do a doordash or a uber eats to do that and my thought
16:39is you need to press these restaurants to advertise and do ads themselves correct to say quit using this
16:45you got to use this and maybe you get a discount or whatever they could say free delivery and have
16:49it white labeled i think the restaurants lose these customers because it's so inherently dependent that
16:56that they can't just deliver themselves now you've re-empowered them to have their own delivery
17:01that's right so the restaurants right now are are handcuffed to these third-party direct we want to
17:07take that away from them i like they need to have that control have control over just the whole delivery
17:12process what's the risk management involved between the restaurant and the driver and then the end
17:18customer drivers are vetted okay uh through a a third party called shifty and it captures their driver's
17:25license and it captures their uh current how much value should we ascribe to having this unified
17:34interface where i'm just going to an app everything looks the same it's simple it already has my
17:40my information there because we won't have that uh you know with what you're proposing i mean i know
17:45when i call a restaurant to place a you know a takeout order it's you know you got 12 people in the
17:50background yelling hold on this it sucks it's a experience that's why i prefer to use the app now
17:56am i putting too much value on the unified app interface or or how do you respond to that i think
18:02you're underestimating how many restaurants have their own apps and they have their own websites the the
18:09markup on doordash and uber eats is so high totally get the value right but i always go back to just
18:15my kids right because when i'm out of town you know my uber eats bills go way up right and so
18:21they don't sit there and go i want to go to passano's they don't think like that when they're
18:27sitting there they're like i want a taco i want a burrito i want a pizza i want a steak restaurants
18:33and so so they're gonna they're gonna go somewhere and i think most of america's like that
18:39of i want chinese i want you know a bucket it's hard to be like i want to go to this single place
18:46that's a very small amount of time most of it is in general it's the classic i don't know what i want
18:53to eat but in general i kind of want this and and there's a leap i could see that mr melter is
19:00strenuously disagreeing with you what he got there well the whole premise of their business model
19:04was to take a small portion of that huge market and i think that people like you that call the
19:10restaurant when they know what restaurant is a big enough market by itself let alone people that use
19:15yelp and then hit the website or the direct link is more than the portion that they want to gain
19:22i also think once the word gets out every restaurateur realizes i can save 30 percent
19:28and the driver's making more by cutting out the middleman this is the whole gig economy created a
19:35whole new middleman these what's your fee i saw 199 a month back there's that what the restaurant
19:39pays that's what the restaurant pays correct it's a flat rate it's a flat rate it's a flat right
19:44flat rate so they can budget a restaurant has a stable cost and a lot of restaurateurs don't know
19:50how to budget and they end up losing money and they think they're making money you know there's
19:54going to be a big learning curve and from an educational standpoint but here's part of the
19:58reality consumers they want order directly they're tired of paying ten dollars for say a taco yeah that
20:07when it gets delivered it's 30 bucks good you could advertise to consumers not just restaurants
20:12i'm so you're missing that saying are you tired of paying 30 for a hamburger why don't you pay 12
20:17because that's one of the biggest fights at my house i got kids that are i get so frustrated i'm
20:21like how did we just spend 119 on on two meals like this is wild to me i'll drive there and it's 55
20:27bucks i like this deal so much that if it if i was the only titan i'd be like bam bam say it bam
20:36what did we give him this morning i like it all right dave wants to write a check what are you guys
20:41looking to raise uh working uh for 850 000 for valuation and we're at a five million valuation
20:48five green money or post post money five million posts yeah you've got a million people watching
20:54you right now maybe maybe more what do you want to tell them right now at chop chops the future of
20:58restaurant delivery cut out the middleman cut out commissions and let's give the power back to the
21:04restaurants and the drivers and the customers love it there was a lot of great positive feedback
21:12and more than anything i think it is an opportunity to really collect connect with other people
21:17and realize there's so much potential with our app there's a lot of different journeys and different
21:22ways in which we could really grow our experience all in all and create a positive impact for me the
21:29challenge is that i use the apps that he referred to um for restaurant discovery right like i don't know
21:38what i feel like having i'm hungry what do i want i i flip through it i don't really like calling the
21:43restaurant but then you made a point that uh that i think got overlooked a bit and it really resonated
21:49with me and that's this they don't need to own the whole damn market he said we're going for one
21:55percent you picked up on that which i thought was brilliant for the one percent they could be super
22:00profitable and really grow this thing that's what got me i think it's a win-win i think it's a great app i
22:07think the the drivers win they make more money the restaurants win they spend less so i do think
22:13it's very very viable i think chop chop can go to the top top honestly i would use chop chop especially
22:24if i owned a restaurant i think chop chop can definitely benefit the consumers it's a great way
22:30for people to also save money as well i think a lot of people use uber like a lot of times so it stacks up
22:36it would be just simple for both sides and i think um if you use chop chop i think it'll save you a lot
22:42of money you want to try it scan this code scan that code don't forget to scan the qr code go find yourself
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