Seerslab \South Korea

Seerslab was a startup focused on enhancing social media interactions through augmented reality (AR) technology. The company's core product allowed users to create and share AR content, integrating seamlessly with existing social media platforms to provide a novel, engaging experience. By leveraging AR to boost user-generated content, Seerslab aimed to attract social media enthusiasts looking for innovative ways to express themselves and connect with others.

SECTOR Communication Services
PRODUCT TYPE Social Media
TOTAL CASH BURNED $5.0M
FOUNDING YEAR 2016
END YEAR 2019

Discover the reason behind the shutdown and the market before & today

Failure Analysis

Failure Analysis

Seerslab's strategic failure can be attributed to its inability to secure strategic partnerships with major social media platforms, which stunted user growth and content...

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Market Analysis

Market Analysis

Today, the AR industry has matured with giants like Snapchat, Instagram, and TikTok incorporating AR features successfully. These platforms have set high user expectations...

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Startup Learnings

Startup Learnings

Insight 1: The importance of platform partnerships for distribution and growth. Insight 2: The technical challenge of AR development and the need for specialized...

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Market Potential

Market Potential

The market for AR-enhanced social media has evolved, but the total addressable market (TAM) was constrained by the slow adoption of AR technology by...

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Difficulty

Difficulty

The description indicates that Seerslab was focused on a specific technology but does not mention any current operations or success, suggesting it may have...

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Scalability

Scalability

While AR content has a viral potential, the unit economics are challenging without a clear monetization strategy. Seerslab likely struggled with the cost of...

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Rebuild & monetization strategy: Resurrect the company

Pivot Concept

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Reimagine Seerslab's AR platform with an AI-first approach, focusing on hyper-personalization and real-time data processing to create unique social interactions. By utilizing AI to understand user preferences, AR Connect can offer more engaging, tailored content that integrates smoothly with existing social media platforms.

Suggested Technologies

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OpenAI APIApple ARKitFirebase

Execution Plan

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Phase 1

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Step 1: AI-first prototype blueprint utilizing OpenAI for user preference analysis.

Phase 2

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Step 2: Distribution/Validation strategy through partnerships with niche social communities.

Phase 3

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Step 3: Growth loop by leveraging viral AR challenges with influencers.

Phase 4

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Step 4: Moat strategy by creating proprietary user preference data models.

Monetization Strategy

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Revenue can be generated through a freemium model, offering basic AR features for free while charging for premium, personalized AR experiences. Partnerships with brands for sponsored content and in-app purchases for exclusive AR content provide additional revenue streams.

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