Summary
VEED, co-founded by Sabba Keynejad, is an online video editing platform that simplifies video editing tasks like adding subtitles, effects, and music. Developed as a user-friendly tool, it caters to the needs of social media managers and other professionals who require efficient video editing capabilities. VEED operates on a freemium model and has reached $6,000 in monthly recurring revenue, gaining popularity for its ease of use and range of editing features.

Unique Aspect
VEED's unique selling point is its simplicity and range of online editing tools, making complex video editing tasks accessible to users with minimal technical skills.

Approach to kick off
Started as a minimal viable product with basic features, gradually evolving based on user feedback and needs identified during the development process.

Scoop

Business Model Viability
VEED's business model is viable and scalable, especially in the context of increasing video content creation for social media and other digital platforms.

Future Projections
Plans to continuously improve the platform with new features like Podcast to Video, catering to the evolving needs of its user base.

Startup Stats

📊 ARR: $72,000

📈 MRR: $6,000

🚀 Startup Costs: $15,000

👥 Team Size: 1

🌍 Market: Targeting users who need quick and easy video editing solutions, including social media managers

👨‍💻 Users: Mainly social media managers and individuals requiring quick video edits

💰 Funding: Bootstrapped, with initial development supported by contract work

👨‍💼 Founders: Sabba Keynejad