In case you ask Nik Bonaddio why he needed to construct a new mobile trivia app, his reply is easy.
“In my life, I’ve acquired only a few true passions: I love trivia and I love sports activities,” Bonaddio instructed me. “I’ve already began a sports activities firm, so I’ve acquired to begin a trivia firm.”
He isn’t kidding about both a part of the equation. Bonaddio really won $100,000 on “Who Wants To Be A Millionaire?”, which he used to begin the sports activities analytics firm numberFire (acquired by FanDuel in 2014).
And in the present day, after a interval of beta testing, Bonaddio is launching BigBrain. He’s additionally saying that the startup has raised $4.5 million in seed funding from FirstRound Capital, Field Group, Ludlow Ventures, Golden Ventures and others.
However Bonaddio stated BigBrain is approaching issues in a different way than HQ in just a few key methods. For starters, though there shall be a handful of free games, the bulk would require customers to pay to enter, with the money rewards coming from the entry charges. (From a authorized perspective, Bonaddio stated that is distinct from playing as a result of trivia is acknowledged as a game of skill.)
“The free-to-play mannequin doesn’t actually work for trivia,” he argued.
As well as, there shall be no live video with a live host — Bonaddio stated this could “very, very tough from a technical perspective and really value ineffective.” As an alternative, he claimed the corporate has discovered a center floor: “We have now images, we've got completely different interactive components, it’s not only a straight a number of alternative quiz. We do strive to maintain it interactive.”
Plus, the easier manufacturing signifies that the place HQ was solely internet hosting two quizzes a day, BigBrain shall be internet hosting 20, with quizzes each 15 minutes at peak instances.
Matters will vary from old-fashioned hip hop to faculty soccer to ’90s motion pictures, and Bonaddio stated completely different quizzes can have completely different prize buildings — some is perhaps winner take all, whereas others would possibly award prizes to the highest 50% of contributors. The common quiz will value $2 to $3 to enter, however costs will vary from free to “$20 and even $50.”
What sort of quiz may cost a little that a lot cash to enter? For example, Bonaddio stated that in a survey of potential customers, he discovered, “There are not any informal ‘Rick and Morty’ followers … They’re nearly fully price delicate, and since they’ve seen each episode, they'll’t fathom a world the place somebody is aware of extra about ‘Rick and Morty’ than they do.”
Source : TechCrunch