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Our Why-Southwest Accelerator Blockchain,AI - Music studio

Mike Onghai
Mike Onghai

3830 N 7th St will be revived as music and game tourist resort where Elvis, Rolling Stones and Hendrix recorded their music. An edge computing datacenter will house the 5G and blockchain Accelerator solving Big Problems in environment, eliminating poverty through education, and Healthcare. How can you help us?

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154 Grand St. New York, NY 10013 www.looksmart.net Contact Michael Onghai, CFA CEO Email: monghai@looksmart.net Phone: 646-709-3731 https://www.linkedin.com/in/valueinvestor/ Management & Advisors Michael Onghai, CFA - Interim CEO Shay Chinn - Interim CTO Nolan Bushnell - Advisor Still Being Formed Professional Services Pillsbury General Counsel Ernst and Young- Auditors CFP Advisors Funding Currently raising $20 million Founders have invested at least $1.5M in equity and renovations Use of Proceeds Renovation of the building Launching the data center as a leading Edge Computing data center Purchase of blockchain and crypto mining equipments Hiring of trainers, expert blockchain software architects eSports bar with themed night events (opportunity) Business hostel for startup/accelerator companies Purchase a resort in Scottsdale and/or Sedona AZ tourism that includes live music AirBnb experience, CEO retreats, mini-Burning Man and Rock Music Revival concerts/events, Health and Wellness retreats, Film Festivals, etc. Exit Strategy IPO Securitized Token Offering Be acquired Timeline: 7 years Immediate Scalability Our current infrastructure can handle at least 900 amps, at least 100,000 mbps of low-latency bandwidth, and located in one of the 2 fiber rings in Phoenix Accessible location to major freeways 14 middle/high schools within a mile radius Sustainable Unfair Advantage Overview A search engineer pioneer which was the 2nd dotcom company to go public in the NASDAQ after Yahoo, LookSmart has successfully navigated the vicissitudes of Internet to become a leading AdTech company with innovative products for digital advertisers, publishers, and ad agencies worldwide. LookSmarts proprietary artificial intelligence technology brings big data analytics to the Connected TV(CTV) and Over-the-Top (OTT) advertising industry, which is projected to grow 30% year over year for the next five years into a $35 billion market. Our fully managed and monitored real time video advertising bidding system allows advertisers to combine the branding impact of television with the precision targeting of the internet. LookSmart owns a 14,000 sq. ft. building that includes a datacenter in Phoenix, AZ. It is a historic landmark audio recording building that was developed and used to be owned by a military veteran Floyd Ramsey. It had the echoes of artists like Jimi Hendrix, Buddy Holly, Duane Eddy, Elvis Presley,Sanford Clark, the Beatles, Glen Campbell, The Phoenix Symphony and many more. More information can be obtained from this book The Phoenix Sound: A History of Twang and Rockabilly Music in Arizona by Jim West. It later became the software gaming development production studio owned by Rainbow Studios that was acquired by THQ Nordic GMBH before LookSmart became its current owner. As the current owner of the building, LookSmart wants to do a revival of this historic building and transform it into a world-renowned collaborative, tech/ creative powerhouse and ecosystem through a co-working, accelerator fund that invests in talented and passionate entrepreneurs from all parts of the world solving the biggest global problems using the latest general purpose technologies of Artificial Intelligence, 5G, Virtual Reality, Augmented Reality and the Block Chain. LookSmarts primary thesis is that just as electricity drove down the cost of energy, just as internet drove down the cost of information, the block chain will drive down the cost of verification, which will create massive companies in a new frontier market. The timing is appropriate as based on the study of historical cycles, the block chain is similar to the 1995 years of the Internet. Not only does LookSmart plan to fund passionate entrepreneurs solving massive global problems, LookSmart also envisions our initiatives to have social impact with the veterans and their families as our community partners. Recent Developments Regularly doing ESports tournament and events Developing an eSports School with an online charter school that operates in AZ and CA students. Membership program for entrepreneurs (e.g., digital content production) and children and adults to take various classes in coding, music, arts, cyber, esports, health and wellness, digital advertising, 3D printing, recording, event space, and the like. Verbal ongoing discussions with Nolan Bushnell's disruptive Elearning startup using blockchain Hosted TechStars Phoenix Startup Week (March 2019) Successful Proof-of-Concept (POC) mining of crypto-coins such as ZCash, Minero and Ethereum Successful advisory work for LoyalCoin, a blockchain company that raised $20 million via an initial coin offering (ICO) Regular speaking engagements at industry leading Blockchain conferences in the U.S., Americas, Asia, and Europe. Successful Proof-of-Concept hosting of an ESports tournament Successful Exit with an IRR of over 100% on an angel investment (UpFlex) Seed Investment in Coinbase with a return of over 80 times Proprietary and Confidential Do Not Distribute 9/18/2019 1:30:44 PM
We have a number of patents that are available upon request. Our physical address and location is ideal for Edge Computing. 5G, Blockchain will make Edge Computing Data Centers be very important. Arizona's Fintech regulatory sandbox Team history of working together Multiple Fund Manager Interviews published on The Edge, a Singapore-based financial weekly publication (similar to Barrons), GuruFocus, a financial web service for value investors and value fund managers LOI with a Waste-to-Energy provider Working on a proof-of-concept using blockchain as a supply-chain solution Ongoing discussions with multiple blockchain fintech companies for banking the unbanked. LOI with a Reading Education Pioneer (Military Veteran Richard Sutz who also has a patented wind turbine project with Siemens) Ongoing discussions with AZ Dept. of Veterans Services (Director Wanda Wright); Awarded 3 cybersecurity scholarships to veterans. Proof-of-concept consulting deal with Arizona Christian University Ongoing discussions with University of AZ (School of Public Health) Phoenix Cyber Center - Partnership with Cybintsolutions.com One-day Healing Arts Festival to be held in December 2019 including a PTSD meditation healing workshop for veterans Ongoing discussions with Raytheon for cybertraining, Cleverdome (AZ-based Cybersecurity tech solutions startup), Pulse Lab (Blockchain Accelerator based in NYC) and TechNexus (Accelerator fund based in Chicago) and an OZ co-working space in downtown area to use our datacenter as an ideation/prototype lab AVR Meetup group event (AWE Nite Phoenix) Quarterly ISC2 Meetup Looksmart sold Clickable to Brand Networks (BN). BN is backed by AEA, a private equity fund founded by Rockefeller, Mellon, Harriman, S.G. Warburg and Co. AZ Fintech Sandbox Our flagship service, 3830 N. 7th Street, Phoenix, AZ is a complete 'one-stop-shop' collaborative creative co-working, accelerator and training space. Tenants use our co-working space and/or collaborative makerspace Trainers rent our space to teach courses Esports Tournaments Digital Content Media Production and Delivery, Edge Computing, Podcasting Virtual Reality and Augmented Reality Studios Concerts, event space, membership activities/educational programs for children/adults/seniors in tech, esports, music/arts, health & wellness, advertising/marketing, etc. Sales and Marketing Strategy Our marketing strategy is based on building a community through targeted emailing of leads databases, LinkedIn marketing, Instagram and Twitter influencer marketing, email newsletter, Infographic SEO, speaking at conferences, industry trade surveys and trade magazine publishing. Eventually, we will augment our marketing with pay-per-click, social media advertising and the like. Market Size Co-working space is est. at $26B to date and will continue to grow annually at 6% in the U.S. and 13% in the world. (Deskmag, 5/19) Venture Capital was $131B in 2018. (Pitchbook NVCA Monitor, Jan. 2019) Blockchain market will be $61B by 2025. (Bloomberg, July 2019) Artificial Intelligence market will be $58B in 2021. (IDC, Sept. 2019) Virtual & Augmented Reality will be $815B in 2025. (Bloomberg, 2/19) Proprietary and Confidential Do Not Distribute 9/18/2019 1:30:44 PM
Size of 5G will be $668B in 2026. (Bloomberg, Aug. 2019) Size of CTV Advertising will be $35B in 2020. (emarketer.com, May 2019) Edge Computing market size will be $29B in 2025 (Grand View Research, June 2019). Arizona tourism reached $25 billion in 2018. Competitive Landscape & Positioning The market is emerging with few true players. However, industry leaders in advertising, search, and media are currently acquiring niche pre IPO businesses with unique IP. Our technology is proven, proprietary, protected, and positioned in a high growth market which may command a significant premium from a strategic acquirer or investor, today or in the future. The following companies, because of their presence, initiatives, or proven technology, are primary competitors: WeWork: General Assembly: Y Combinator: Success is 99% Perspiration, 1% Inspiration Contact Info: jonghai@looksmart.net Notes: By 2025, the business value added by blockchain will grow to slightly more than $176 billion, then surge to exceed $3.1 trillion by 2030, according to a recent forecast by Gartner. Global business value derived from artificial intelligence (AI) is projected to total $1.2 trillion in 2018, an increase of 70 percent from 2017, according to Gartner, Inc. AI-derived business value is forecast to reach $3.9 trillion in 2022. Our personal favorite trend, Immersive Experience, is described by Gartner as virtual reality (VR), augmented reality (AR) and mixed reality (MR) and defined as technologies that are changing the way in which people perceive the digital world. (source) Gartner predicts that by 2022, 70 percent of enterprises will be experimenting with immersive technologies for consumer and enterprise use, and 25 percent will be deployed for production. These numbers are exciting for the VR and AR market as it is still currently in its adolescent stage, but Trivver and Gartner both think the future is bright. https://go.forrester.com/blogs/get-ready-for-edge-computings-rise-in-2019/ https://azbigmedia.com/business/tourism/arizonas-success-in-tourism-helps-boost-all-business-sectors/ Proprietary and Confidential Do Not Distribute 9/18/2019 1:30:44 PM

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Our Why-Southwest Accelerator Blockchain,AI - Music studio

  • 1. 154 Grand St. New York, NY 10013 www.looksmart.net Contact Michael Onghai, CFA CEO Email: monghai@looksmart.net Phone: 646-709-3731 https://www.linkedin.com/in/valueinvestor/ Management & Advisors Michael Onghai, CFA - Interim CEO Shay Chinn - Interim CTO Nolan Bushnell - Advisor Still Being Formed Professional Services Pillsbury General Counsel Ernst and Young- Auditors CFP Advisors Funding Currently raising $20 million Founders have invested at least $1.5M in equity and renovations Use of Proceeds Renovation of the building Launching the data center as a leading Edge Computing data center Purchase of blockchain and crypto mining equipments Hiring of trainers, expert blockchain software architects eSports bar with themed night events (opportunity) Business hostel for startup/accelerator companies Purchase a resort in Scottsdale and/or Sedona AZ tourism that includes live music AirBnb experience, CEO retreats, mini-Burning Man and Rock Music Revival concerts/events, Health and Wellness retreats, Film Festivals, etc. Exit Strategy IPO Securitized Token Offering Be acquired Timeline: 7 years Immediate Scalability Our current infrastructure can handle at least 900 amps, at least 100,000 mbps of low-latency bandwidth, and located in one of the 2 fiber rings in Phoenix Accessible location to major freeways 14 middle/high schools within a mile radius Sustainable Unfair Advantage Overview A search engineer pioneer which was the 2nd dotcom company to go public in the NASDAQ after Yahoo, LookSmart has successfully navigated the vicissitudes of Internet to become a leading AdTech company with innovative products for digital advertisers, publishers, and ad agencies worldwide. LookSmarts proprietary artificial intelligence technology brings big data analytics to the Connected TV(CTV) and Over-the-Top (OTT) advertising industry, which is projected to grow 30% year over year for the next five years into a $35 billion market. Our fully managed and monitored real time video advertising bidding system allows advertisers to combine the branding impact of television with the precision targeting of the internet. LookSmart owns a 14,000 sq. ft. building that includes a datacenter in Phoenix, AZ. It is a historic landmark audio recording building that was developed and used to be owned by a military veteran Floyd Ramsey. It had the echoes of artists like Jimi Hendrix, Buddy Holly, Duane Eddy, Elvis Presley,Sanford Clark, the Beatles, Glen Campbell, The Phoenix Symphony and many more. More information can be obtained from this book The Phoenix Sound: A History of Twang and Rockabilly Music in Arizona by Jim West. It later became the software gaming development production studio owned by Rainbow Studios that was acquired by THQ Nordic GMBH before LookSmart became its current owner. As the current owner of the building, LookSmart wants to do a revival of this historic building and transform it into a world-renowned collaborative, tech/ creative powerhouse and ecosystem through a co-working, accelerator fund that invests in talented and passionate entrepreneurs from all parts of the world solving the biggest global problems using the latest general purpose technologies of Artificial Intelligence, 5G, Virtual Reality, Augmented Reality and the Block Chain. LookSmarts primary thesis is that just as electricity drove down the cost of energy, just as internet drove down the cost of information, the block chain will drive down the cost of verification, which will create massive companies in a new frontier market. The timing is appropriate as based on the study of historical cycles, the block chain is similar to the 1995 years of the Internet. Not only does LookSmart plan to fund passionate entrepreneurs solving massive global problems, LookSmart also envisions our initiatives to have social impact with the veterans and their families as our community partners. Recent Developments Regularly doing ESports tournament and events Developing an eSports School with an online charter school that operates in AZ and CA students. Membership program for entrepreneurs (e.g., digital content production) and children and adults to take various classes in coding, music, arts, cyber, esports, health and wellness, digital advertising, 3D printing, recording, event space, and the like. Verbal ongoing discussions with Nolan Bushnell's disruptive Elearning startup using blockchain Hosted TechStars Phoenix Startup Week (March 2019) Successful Proof-of-Concept (POC) mining of crypto-coins such as ZCash, Minero and Ethereum Successful advisory work for LoyalCoin, a blockchain company that raised $20 million via an initial coin offering (ICO) Regular speaking engagements at industry leading Blockchain conferences in the U.S., Americas, Asia, and Europe. Successful Proof-of-Concept hosting of an ESports tournament Successful Exit with an IRR of over 100% on an angel investment (UpFlex) Seed Investment in Coinbase with a return of over 80 times Proprietary and Confidential Do Not Distribute 9/18/2019 1:30:44 PM
  • 2. We have a number of patents that are available upon request. Our physical address and location is ideal for Edge Computing. 5G, Blockchain will make Edge Computing Data Centers be very important. Arizona's Fintech regulatory sandbox Team history of working together Multiple Fund Manager Interviews published on The Edge, a Singapore-based financial weekly publication (similar to Barrons), GuruFocus, a financial web service for value investors and value fund managers LOI with a Waste-to-Energy provider Working on a proof-of-concept using blockchain as a supply-chain solution Ongoing discussions with multiple blockchain fintech companies for banking the unbanked. LOI with a Reading Education Pioneer (Military Veteran Richard Sutz who also has a patented wind turbine project with Siemens) Ongoing discussions with AZ Dept. of Veterans Services (Director Wanda Wright); Awarded 3 cybersecurity scholarships to veterans. Proof-of-concept consulting deal with Arizona Christian University Ongoing discussions with University of AZ (School of Public Health) Phoenix Cyber Center - Partnership with Cybintsolutions.com One-day Healing Arts Festival to be held in December 2019 including a PTSD meditation healing workshop for veterans Ongoing discussions with Raytheon for cybertraining, Cleverdome (AZ-based Cybersecurity tech solutions startup), Pulse Lab (Blockchain Accelerator based in NYC) and TechNexus (Accelerator fund based in Chicago) and an OZ co-working space in downtown area to use our datacenter as an ideation/prototype lab AVR Meetup group event (AWE Nite Phoenix) Quarterly ISC2 Meetup Looksmart sold Clickable to Brand Networks (BN). BN is backed by AEA, a private equity fund founded by Rockefeller, Mellon, Harriman, S.G. Warburg and Co. AZ Fintech Sandbox Our flagship service, 3830 N. 7th Street, Phoenix, AZ is a complete 'one-stop-shop' collaborative creative co-working, accelerator and training space. Tenants use our co-working space and/or collaborative makerspace Trainers rent our space to teach courses Esports Tournaments Digital Content Media Production and Delivery, Edge Computing, Podcasting Virtual Reality and Augmented Reality Studios Concerts, event space, membership activities/educational programs for children/adults/seniors in tech, esports, music/arts, health & wellness, advertising/marketing, etc. Sales and Marketing Strategy Our marketing strategy is based on building a community through targeted emailing of leads databases, LinkedIn marketing, Instagram and Twitter influencer marketing, email newsletter, Infographic SEO, speaking at conferences, industry trade surveys and trade magazine publishing. Eventually, we will augment our marketing with pay-per-click, social media advertising and the like. Market Size Co-working space is est. at $26B to date and will continue to grow annually at 6% in the U.S. and 13% in the world. (Deskmag, 5/19) Venture Capital was $131B in 2018. (Pitchbook NVCA Monitor, Jan. 2019) Blockchain market will be $61B by 2025. (Bloomberg, July 2019) Artificial Intelligence market will be $58B in 2021. (IDC, Sept. 2019) Virtual & Augmented Reality will be $815B in 2025. (Bloomberg, 2/19) Proprietary and Confidential Do Not Distribute 9/18/2019 1:30:44 PM
  • 3. Size of 5G will be $668B in 2026. (Bloomberg, Aug. 2019) Size of CTV Advertising will be $35B in 2020. (emarketer.com, May 2019) Edge Computing market size will be $29B in 2025 (Grand View Research, June 2019). Arizona tourism reached $25 billion in 2018. Competitive Landscape & Positioning The market is emerging with few true players. However, industry leaders in advertising, search, and media are currently acquiring niche pre IPO businesses with unique IP. Our technology is proven, proprietary, protected, and positioned in a high growth market which may command a significant premium from a strategic acquirer or investor, today or in the future. The following companies, because of their presence, initiatives, or proven technology, are primary competitors: WeWork: General Assembly: Y Combinator: Success is 99% Perspiration, 1% Inspiration Contact Info: jonghai@looksmart.net Notes: By 2025, the business value added by blockchain will grow to slightly more than $176 billion, then surge to exceed $3.1 trillion by 2030, according to a recent forecast by Gartner. Global business value derived from artificial intelligence (AI) is projected to total $1.2 trillion in 2018, an increase of 70 percent from 2017, according to Gartner, Inc. AI-derived business value is forecast to reach $3.9 trillion in 2022. Our personal favorite trend, Immersive Experience, is described by Gartner as virtual reality (VR), augmented reality (AR) and mixed reality (MR) and defined as technologies that are changing the way in which people perceive the digital world. (source) Gartner predicts that by 2022, 70 percent of enterprises will be experimenting with immersive technologies for consumer and enterprise use, and 25 percent will be deployed for production. These numbers are exciting for the VR and AR market as it is still currently in its adolescent stage, but Trivver and Gartner both think the future is bright. https://go.forrester.com/blogs/get-ready-for-edge-computings-rise-in-2019/ https://azbigmedia.com/business/tourism/arizonas-success-in-tourism-helps-boost-all-business-sectors/ Proprietary and Confidential Do Not Distribute 9/18/2019 1:30:44 PM