00:16:21 · Steven Zhao
We had to wait for customers in a parking lot to guide them inside the empty mall to our store. And we've been seeing that across all the locations. And very soon, the locations are filled up. Customers are happy to have a place where they can share with their friends and family. And then we're able to take that traction to open more locations by working with landlords who can fund us. By grabbing those traction, we're able to kind of paint, hey, this is how Sandbox is gonna look in the next few years. And fortunately, we started fund raising again. They've seen our progress. They know everything that we've been through. They're like, okay, you guys survived the worst. Future looks bright. We're gonna back you. And they did a series b. So after we got a series b funding in 2021, we had about maybe 13 locations. Today, have 47 locations, so we grew pretty quickly. We see Sandbox VR as pretty much like the new movies. This is something where we believe that people will go out for. They will go with their friends and family and and colleagues. Instead of just watching it on a screen, you get to live in it, embody it. It's a very social experience that you really get to share, and it creates a lot of team bonding moments. For us, it's how do we create a repertoire of amazing experiences, you know, on a regular cadence to get people to come back again and again? And how do we continue to open up more locations so that we can have a Sandbox in every neighborhood? And our strategy for that is to continue to build up our franchising because the more locations we have, the more we can reinvest back into our technology into building better and bigger content to have more content, which in turn will help create more demand. And with more demand, we can have more locations and go from there. So the next big thing for Sandbox is two prong. It's how do we build better content, and that's just a very iterative process. But also just working with strong IB holders to bring their world into Sandbox in a really organic way that works best for our platform. What I see in ten years is you have what you get at home, home consumer VR that gets better over time, the headsets gets lighter, better quality experiences. That's something that you would likely just do, you know, multiplayer, and you can play on hours on end.
00:18:16 · Steven Zhao, S3, S4, S5, S6
And then for us, out of location is in ten years time having thousands of locations, one in your neighborhood where you have a reason to go out and play with your friends. Ad[00:18:32] S3: Your sausage McMuffin with egg didn't change. Your receipt did. The sausage McMuffin with egg extra value meal includes a hash brown and a small coffee for just five dollars. Only at McDonald's for a limited time. Ad[00:18:44] S4: Price and participation may vary. Promotion pricing may be lower than meal pricing. Ad[00:18:47] S5: Sam's Club is the club for every holiday club. Guess who's joining the club this season? Walmart Plus. Yep. Sam's Club Plus membership now comes with Walmart Plus at no extra cost. Two memberships, one great price. Just a $120 a year can save you time and over $700. Wanna get in on a membership duo of the century? Visit sam'sclub.com. Come join us. Sam's Club. Ad[00:19:08] S6: Annual plan only auto renews TNC apply estimate based on average combined Walmart Plus and Sam's Club Plus savings among members of both for one plus year versus nonmember or club member pricing slash fees. Excludes membership fees. See Walmart Plus terms and Sam's Club terms for more info.
00:19:08 · S6, S9, S10
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00:19:48 · S10, S8
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