Volleyapp

Volleyapp

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Launch date
Employees
Market cap
-
Net debt
-
Enterprise valuation
$22—33m (Dealroom.co estimates Oct 2021.)
Lehi Utah (HQ)

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Volley (volleyapp.com) is a startup that offers a video messaging app designed to enhance communication for individuals, teams, groups, and communities. The app allows users to send video messages, which can be watched, listened to, or read through automatic transcription. This flexibility enables users to communicate face-to-face without the constraints of scheduled meetings, making it ideal for asynchronous (not happening at the same time) communication.

The primary clients of Volley include creators, entrepreneurs, community leaders, and teams who need to maintain effective communication without the need for constant live meetings. The app is particularly useful for those who want to capture the nuances of tone and body language, which are often lost in text-based communication.

Volley operates in the digital communication and collaboration market, competing with other messaging and video conferencing tools. However, its unique selling proposition is the combination of video messaging with the flexibility of asynchronous communication, allowing users to respond at their convenience while still retaining the richness of face-to-face interaction.

The business model of Volley is freemium, meaning it offers a free version with basic features and a premium version with additional functionalities. Users can access the free plan, which stores messages for up to 30 days, while premium plans likely offer extended storage and other advanced features. This model allows Volley to attract a broad user base and convert a portion of them into paying customers.

Volley makes money through these premium subscriptions. By offering enhanced features and longer message storage in its paid plans, the company incentivizes users to upgrade from the free version. This approach helps Volley generate recurring revenue while maintaining a large user base through its free offering.

Keywords: video messaging, asynchronous communication, community building, team collaboration, automatic transcription, freemium model, digital communication, face-to-face interaction, premium subscriptions, flexible communication.

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