Why Backers of Skype and Google Bet On This App

Why Backers of Skype and Google Bet On This App

Assessment

Interactive Video

Business

University

Hard

Created by

Wayground Content

FREE Resource

Misha Benoliel, co-founder and CEO of Open Garden, discusses Firechat, an app that creates networks independent of traditional infrastructure. Firechat has been used in congested areas like Hong Kong and at large events such as music festivals. The app's network can support other applications and devices, making it relevant in the Internet of Things. Open Garden has secured significant investment to expand Firechat's user base and plans to monetize once a large user base is established.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was a key reason for Firechat's effectiveness in Hong Kong?

It had a user-friendly interface.

It was free to use.

It worked independently of congested mobile networks.

It was the only app available.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In which events has Firechat been notably used?

Sporting events

Educational seminars

Political rallies

Music festivals and conferences

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How does Firechat benefit brands and companies?

By offering a strong connection with their audience

By increasing product sales

By providing free advertising

By reducing operational costs

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What recent financial milestone did Open Garden achieve?

Opening a new office

Securing a $10.8 million investment

Launching a new app

Partnering with a major tech company

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Open Garden's long-term strategy for Firechat?

To sell the app to a larger company

To focus solely on the Internet of Things

To develop a new version of the app

To expand the user base and monetize the platform