- Startups - Shark Tank Takeover -TWiST #311

TL;DR

Spike's Inc. has developed a secure browsing solution to address the growing threat of cyber attacks on large corporate networks.

Transcript

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Key Insights

• 👊 Spike's Inc. is addressing the increasing threat of cyber attacks on corporate networks by providing a secure browsing solution.
• 😶‍🌫️ The virtualized browser in the cloud protects against known and unknown threats, making it impossible to get hacked through the browser.
• 😥 The business model includes an ad-supported free version, a premium version, and additional revenue streams through in-app purchases and advertising.

Questions & Answers

Q: How does Spike's Inc. ensure that the browser remains secure even when compromised?

The virtualized browser in the cloud ensures that any malware is contained and wiped between uses, providing the highest level of security for users.

Q: How does Spike's Inc. differentiate itself from other web security products?

Spike's Inc. offers a unique solution that eliminates the false sense of security provided by other products. By virtualizing the browser, it protects against both known and unknown threats.

Q: What is the business model for Spike's Inc.?

Spike's Inc. plans to offer an ad-supported free version of its browsing solution, as well as an ad-free premium version for a fee. In addition, they will explore in-app purchases and a Groupon and LivingSocial advertising model.

Q: How does Spike's Inc. plan to scale its solution?

Spike's Inc. plans to launch a pilot program with a few companies and reach 5,000 seats. They are currently seeking angel investment or VC funding to further develop and expand their solution.

Summary & Key Takeaways

• Spike's Inc. offers the world's most secure browsing solution for large corporations, protecting against known and unknown cyber threats.

• The solution virtualizes the browser in the cloud, ensuring that even if it is compromised, the user's computer remains untouched.

• The company has received positive feedback from customer demos and is currently focusing on launching a pilot program with a few companies.