Vistity
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Date of Foundation
2020

Vistity

Immersive digital shift in Commercial Real Estate.

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The Idea origin story

Vistity is a game changer in commercial real estate, offering comprehensive digital tour experiences that reshape how properties are explored. Born and refined within the Business Improvement Districts landscape, Vistity stretches further to cover all aspects of real estate with detail-rich panoramic views and innovative features. This disruptive platform merges city narratives with large-scale property vistas, providing an immersive exploration unlike any other in the market. With Vistity's revolutionizing functionality, every space can be seen in a new light.

The Mission

Vistity's mission is to redefine property exploration, offering immersive, digital experiences for Commercial Real Estate. Our vision: to set the global standard for virtual property engagement.

Clients

Business improvement districts, CRE developers, property managers, brokers

Problems we solve

Client’s problem

Your startup, Vistity, aims to solve the problem of geographical and time constraints in commercial property exploration. It increases efficiency for brokers, developers, and managers by offering immersive digital tours that can be accessed remotely at any time.

Confirmation of problem

We are seeing the biggest shift in relocation since the Industrial Revolution because the pandemic legitimized remove work allowing people and business to rethink where they want to live. And this as enabled new retail/hospitality to spring up in destinations the previously didn’t have critical mass to support it. And major urban areas need to compete more than ever to attract and retain residents. And commercial real estate has high vacancy as a result and the property owners need to make their portfolio stand out

Solution

Vistity platform generates immersive digital experiences, making it easy for people to choose a place without visiting in person first.

Our technologies

This solution is based on technologies

Virtual Reality, Augmented Reality, 3D Modeling, Big Data Analytics, Machine Learning, Cloud Computing.

How it works

Subscribers can utilize the Vistity Editor to upload content, integrate data sources and embed creations on websites with analytic reporting.

Value for the client

Vistity boosts revenues, ROI, and portfolio valuation. It reduces vacancy & market time while enhancing brand perception with technology.

Market and strategy

Market size

362.3

mln/year

We estimate the market size for which our solution is designed in monetary terms as follows

Market share goal

30

% of the market

Is our goal in the next 3 years

Team

My name’s

jamie schwartzman

My key role in the product

My key role is CEO and I'm responsible for setting the company's strategy, building a strong team, and ensuring financial performance.

Team size and key members

Prod Manager steers dev team & documents features. Fractional CTO fine-tunes devops. Prod Manager handles service/setup, specialised developers code.

Competitors

Competitors

Vistity is a new way to explore real estate making it a perfect fit with large existing internet listing services like the ones you mentioned in your suggestions

Our Advantages

Vistity is your exclusive gateway to personalized internet listing. Elevate your property portfolio without competition and enhance major platform listings for standout visibility. Experience curated content tailored just for you with Vistity.

Business model

Subscription to access the Vistity Editor, with costs calculated per building. Some setup fees may apply depending on the options selected

Traction

Our product serves 12 major downtowns in the US, with 12 self-built additional destinations. Forged partnerships with Geocentric and Engrain bolster operations. Unique features include AI-integrated text descriptions of places and AirView yielding high-resolution imagery, negating drone use.

We will have a more scalable product that can grow more quickly by using automation through AI, and establish a sales team that can accelerate deal close

Metrics

Product has 10k MAUs with a significant revenue of $7500/yr per client plus a setup fee of $15K. CAC sits at an efficient $3175, boasts low churn rate (5%) and great LTV ($90K).

In the previous year, we garnered a revenue of $280k demonstrating efficient financial management with a calculated burn rate and modest net loss. Steady growth forecasts indicate looming profitability.

Incorporation

Our company incorporated in

Delaware

Key risks

The main risks could be slow market adaptation due to traditional preferences, a lack of technical proficiency among your target demographic, dependence on real estate market stability, securing high-quality data for accurate virtual representation and dealing with potential cybersecurity issues. It'll also be crucial to keep an eye on competitive platforms offering similar digital solutions.

Investments

$

525000

We raised investments

Our Investors

Funded by the founder using low cost, 30 year fixed government loans, small amounts of equity have been granted to advisors and employees

Rising Investments

$

500000

Currently, we are raising investments

$

13333333

Estimated pre-investment valuation of the company

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We’re looking for a co-founders

Open positions

Article

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Additional information

Our startup leverages ultra-high resolution imagery, delivering a superior level of immersion not typically found on platforms like Google Maps.

Vistity
MVP
Date of Foundation
2020