Sex toy: an intelligent vibrator
Reverence is a high-tech intimacy device that elevates pleasure with real-time biometric analysis. Utilizing ECG, PPG, muscle spindle, and temperature sensors, it adapts stimulation based on the user's responses, ensuring maximum satisfaction. With adjustable stiffness, it also offers a customizable experience. Reverence combines innovative technology and elegant design for an unparalleled tailored experience.
Our vision is to empower women's intimate lives by blending science and sensuality. Our mission is to innovate sexual wellness with biofeedback technology and education for better relationships.
Our main customers are women seeking increased sexual satisfaction, individuals focused on personal growth and couples striving for deeper intimacy.
Our product addresses the gap in female sexual wellness by helping women understand their bodies better and overcome sexual dysfunction. It integrates science with intimate care, resolving issues from partner intimacy to mental barriers that impede pleasure.
The problem is severe, with 67% of women struggling to achieve orgasm and 58% citing mental barriers hindering their sexual satisfaction.
Our solution, Reverence, is an intelligent vibrator that employs advanced biofeedback technology and sex therapy principles for enhanced sexual wellness.
Reverence adapts in real-time to physiological responses, enabling personalized experiences and empowering women with self-regulation skills for enhanced intimacy.
Reverence empowers women with personalized biofeedback, helping them achieve relaxation, self-awareness, and enhanced intimacy. It transforms sexual wellness through science-backed, tailored pleasure.
We estimate the market size for which our solution is designed in monetary terms as follows
Is our goal in the next 3 years
My key role is Co-founder, specializing in business development, and I'm responsible for strategy planning, partnerships, and revenue growth.
In addition to Anna, our team could benefit from a technologist for product development, a marketer who specializes in digital strategy and potentially an operations manager.
Other potential competitors in the intelligent vibrator industry could include MysteryVibe, LELO, Vibease and Fun Factory. These companies also focus on customizable experiences, connectivity features, and cutting-edge designs.
Our cutting-edge biometric sensors including ECG, PPG, and body temperature monitor physiological responses for a personalized experience. The adjustable erectile stiffness feature offers users complete control, heightening their engagement and satisfaction with our product.
Our revenue stems from the sales of our advanced biometric device and app subscriptions that offer personalized experiences, insights, and enhancements.
We've successfully prototyped several devices which have undergone thorough testing on a robust sample of 200 women, highlighting the ongoing progress of our product development.
Our startup has been thriving with robust growth on two key fronts. We have achieved magnificent revenue of $600,000 from device sales and a Monthly Recurring Revenue (MRR) amounting to $30,000.
Our product, still in pre-launch phase, aims to track key metrics such as user engagement and retention rates. We are committed to optimizing these figures prior launch for an enhanced user experience out of the gate.
Even in our pre-launch phase, we're diligently tracking financial metrics. We have a detailed forecast for revenue growth, cash flow enhancing strategies, and closely monitored operating margins.
Our company incorporated in
Delaware
Key risks include overcoming market stigma around sexual wellness products and justifying our unique biofeedback feature. We face stiff competition from established brands, potential technology replication, retention of long term engagement post-device purchase, and communicating value amidst crowded field without alienating users.
$
100000
We raised investments
3 co-founders having 33% each
$
200000
Currently, we are raising investments
$
5000000
Estimated pre-investment valuation of the company
