H Zhu
California, CA (USA)
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Totoware
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Startup
Location:
California
Industry:
Internet
Year Founded:
2009
Number Employees:
1-10 people
Description:
Totoware is a startup company located in Silicon Valley, California, and specialized in Internet and mobile based service platform or application. Currently, Totoware is developing an innovative solution with new concept in video hosting and delivery control for Internet video service.
On-going operation cost in IP transit, infrastructure (server and license etc), and IT support is becoming a barrier for video service like YouTube to make a profit. By patent pending technology, our solution could eliminate delivery overhead and save significant operation cost (35% to 90%+ by exterme case) and generating unlimited advertising opportunities for revenue accumulation. With such a new model, Internet video service like YouTube could be on the way to profit.
Our solution could be applied for either small local video service or large/global video service such as YouTube. The solution could get much better performance to distant learning, national or healthcare educational program, or online entertainment, by saving operation cost well over 50%.
What we are looking for:
1. $400K seed fund to move current prototype into a service platform in 6-9 months
2. An entrepreneur who knows Internet video business and wants to take ownership to navigate the ship
(Our calculation data is mostly from Nielsen or professional video services)