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Founder Interview

How Topia Interactive Raised $5.8M, Charged $9 a Month for World Ownership and Paid Creators 30% of B2B Revenue (Interview with CEO Daniel Liebeskind)

Interview Date
November 9, 2021
Interviewee
Daniel LiebeskindCo-Founder and CEO
Watch
Watch the full interview

Company Metrics at Interview Time

Total Funding Raised

$5.8M

Paying World Owners at $9/Month (2021)

a couple thousand

World Ownership Price (2021)

$9 per month

Largest Single B2B Event (2021)

$40,000

Creator Payout (Single Day Record) (2021)

$3,000

Historical Snapshot

These numbers were reported by Daniel Liebeskind during his November 2021 interview with Nathan Latka and are a historical snapshot, not current figures. He disclosed no revenue figure on the record; the only revenue statement he made is that Topia was not yet at a $1M annual run rate. See Topia Interactive’s current numbers.

Key Takeaways

  • 01Topia was founded in 2020 and raised $5.8M in total funding by November 2021
  • 02The $5.8M total comprised a $600K convertible note in 2020 and a subsequent priced seed round
  • 03Investors include Seven Seven Six (Alexis Ohanian) and Bonfire Ventures
  • 04A couple thousand people were paying $9 per month for world ownership at interview time
  • 05The largest single B2B event charged was $40,000; small one-off events start at $100
  • 06B2B recurring venue pricing is $4 per person of capacity per month, so a 100-person venue costs $400 per month
  • 07Topia pays 30% of B2B revenue out to its creator ecosystem (called Confluencers)
  • 08The biggest single-day creator payout was $3,000, recorded just before the interview
  • 09Burning Man 2020 drew over 20,000 attendees to Topia's virtual world, just five months after the first line of code was written
  • 10Revenue had not yet reached a $1M annual run rate at interview time; that was stated as a goal for the following year

Company Metrics at Time of Interview

MetricValueSource
Total Funding Raised$5.8MFounder interview, Nov 2021
Convertible Note (Friends and Family Round) (2020)$600KFounder interview, Nov 2021
Year Founded2020Founder interview, Nov 2021
Paying World Owners (2021)a couple thousandFounder interview, Nov 2021
World Ownership Price (2021)$9 per monthFounder interview, Nov 2021
B2B Recurring Venue Price (100-person capacity) (2021)$400 per monthFounder interview, Nov 2021
B2B Venue Pricing Rate (2021)$4 per person of capacity per monthFounder interview, Nov 2021
Largest Single B2B Event Fee (2021)$40,000Founder interview, Nov 2021
Smallest Single B2B Event Fee (2021)$100Founder interview, Nov 2021
Creator Revenue Share (Confluencer Payout Rate) (2021)30% of B2B revenueFounder interview, Nov 2021
Single-Day Creator Payout Record (2021)$3,000Founder interview, Nov 2021
People Who Had at Least One Conversation (Week Before Interview) (2021)4,000Founder interview, Nov 2021
Weekly Events on Platform (last week at interview) (2021)180Founder interview, Nov 2021
Burning Man 2020 Virtual Attendees20,000+Founder interview, Nov 2021
Service Partners (2021)approximately 12Founder interview, Nov 2021

Growth Breakdown

Revenue

Topia had not yet reached a $1M annual run rate at the time of the interview, with Daniel Liebeskind confirming this directly. Revenue came from two main streams: world ownership subscriptions at $9 per month and B2B event fees ranging from $100 for small one-off events to $40,000 for large productions. The B2B side generated more revenue than the consumer world ownership side.

Customers

A couple thousand people were paying $9 per month for world ownership at interview time. On the B2B side, Daniel described dozens of paying clients in a given month, including notable names such as Okta, MIT, and Envoy. B2B clients ranged from small recurring venue subscribers to large one-off event buyers.

Team and Creator Ecosystem

Topia was actively scaling its team at the time of the interview. The company had roughly a dozen service partners providing world-building and event production services. Topia paid 30% of B2B revenue to its Confluencer creator ecosystem, with the record single-day payout reaching $3,000 just before the interview.

Funding

Topia raised $600K on a convertible note in 2020 following the viral Burning Man event, completing that round in approximately two weeks. The company then raised a $5.2M priced round in May 2021 from Seven Seven Six and Bonfire Ventures among other investors, bringing total funding to $5.8M. Daniel noted the company was receiving inbound interest for a follow-on round but had not formally kicked off that process.

Growth Strategy

Viral Live Events as a Growth Engine

Hosting Burning Man's virtual event in 2020, just five months after writing the first line of code, brought over 20,000 attendees to the platform and generated significant investor interest. Large-scale cultural events gave Topia immediate credibility and a large top-of-funnel audience.

Creator Ecosystem and Revenue Sharing

Topia pays 30% of B2B revenue to its Confluencer creator ecosystem, incentivizing illustrators, template curators, and event producers to build on the platform. This flywheel is designed so that more B2B revenue means more creator payouts, which attracts better creative talent and improves the product for all users.

Service Partner Network

Topia built a network of approximately a dozen service partners, including event production companies and teams of illustrators, who sell world-building and event services to B2B clients. This extended the platform's reach without requiring Topia to staff those capabilities internally.

B2B Recurring Venue Subscriptions

Beyond one-off events, Topia offered persistent monthly venue subscriptions priced at $4 per person of capacity per month, giving companies a recurring space for all-hands meetings, happy hours, and check-ins. This model created predictable recurring revenue alongside the variable event business.

Metaverse Tailwind

Daniel noted that the mainstream conversation around the metaverse, accelerated by Facebook's rebrand to Meta, was making it significantly easier to explain Topia's value proposition. He had been building web-RTC social platforms personally since 2015, though Topia itself formally started in 2020, and the company was positioned to benefit from growing consumer familiarity with synchronous online social interaction.

Best Quotes

We have a few different revenue models. And, you know, we really have two different types of users. We have first of all, we sort of have a whole creator ecosystem. And so creators are creating assets, they're creating art, they're creating programmable experiences, putting those in the marketplace, curators are creating templates, which people can then use to really easily customize their worlds.
People are paying us both for world ownership, and that's $9 a month. And we have, you know, a couple thousand people that are doing that. And then we have also on the B2B side, like you mentioned, people are throwing one off events and they're also subscribing to have persistent monthly spaces where they can have all hands and happy hours and check ins and those sorts of things.
The largest one off event we've we've charged is $40,000. Small ones can be a $100. And then on the recurring side, you know, that also ranges. We basically charge based on venue size. So if you wanna have a venue size of capacity of 100 people, we charge $4 per person of capacity, so that's $400 a month.
We're actually paying 30% of our revenue out from the B2B side to our creator ecosystem. And that's one of reasons that we're really stoked about all the different businesses that are paying.
We actually just had our biggest day. I think a few days ago, we paid out $3,000 in a single day to our Confluencers. So, you know, it's still kinda early innings on some of this stuff, but, you know, it's it's scaling pretty quickly.
We then raised 5.2. So we've raised 5.8 altogether.
We hosted Burning Man in 2020. Basically, you know, Burning Man was trying to figure out how to deal with COVID, and they're shutting down. They were trying to throw their own event. We were kind of advising them on how to build a virtual world, essentially how to build a metaverse experience for Burning Man. They wound up deciding that they were going to outsource this. So we were one of the co hosts of it in 2020. We had over 25,000 people come to the event.
Last week, I think it was 4,000 people had at least one conversation.
We've been a metaverse company for years now without actually using the word metaverse. Right? And so it's really hard to describe topia without bringing people into it. I think that's actually getting a lot easier because now people are exploring what is this idea of real time social interaction online?

What Happened Next

This interview captured Topia Interactive in November 2021, about six months after its $5.2M priced round closed in May 2021 and roughly eighteen months after this iteration of the company formally started. Daniel Liebeskind did not disclose revenue: he confirmed only that Topia was not past a $1M annual run rate and called $1M the following year a goal. The customer, pricing, funding and payout figures here reflect what he reported at that moment and should not be taken as current. Visit the Topia company profile on GetLatka for the latest available data on customers and funding.

View Topia Interactive’s current profile and metrics

Full Transcript

Introduction and Company Overview

Nathan Latka

00:00Hey, folks. My guest today is Daniel Liebeskind.

00:02>> He's the cofounder and CEO of topia, a platform for creative social experiences that inspire authentic human connection. He's a product developer and engineer having built nearly 30 applications over the past six years and believes that creativity is humanity's greatest gift is on a quest to empower creators. Daniel, are you ready to take us to the top?

Daniel Liebeskind

00:19I am. Thanks for having me, Nathan. Such an honor to be here.

How Enterprise Customers Use Topia

Nathan Latka

00:22>> You bet. So so talk to me a little bit. There's companies like Envoy, MIT, Opus, and Okta using topia. How are they using you?

Daniel Liebeskind

00:29Yeah. So companies that are using topia really are using it as a community platform. So when you think about your employees, your coworkers, you know, you if you're just showing up to meetings, you don't actually really know anybody, you're kind of just a mercenary working for a company. And so being able to actually turn your co workers into people that you know, that are part of your community that you can have social experiences with, that's really

00:53core and critical to retention, to you know, having a good working environment. And so people are using topia to have holiday parties, to celebrate their IPOs, to have all hands, happy hours, and sort of the social fabric that makes up a coworking community when you're in person. Really hard to do with just Zoom. And so things like topia are able to step in and provide that medium for the social fabric.

Facebook Meta Comparison and Community Focus

Nathan Latka

01:21>> Facebook's now meta. They're betting on the metaverse. You're like the b two b version of meta. Well, you

Daniel Liebeskind

01:27know, we're we've actually we've been doing metaverse stuff for the for a couple years now. And I wouldn't even say that we are entirely or even focused on b two b. For example, Burning Man, which is a big festival that happens annually, actually happened on Topia, happened last year on Topia, this year on Topia. And so we're very much a community platform businesses, our communities, you know, in a community of employees, so they're using topia, but

01:53we also have thousands of different people that are not business oriented using topia really just as a way to evolve how they socialize online, to come together for real time experiences, and to make friends.

Nathan Latka

02:06>> And and, Daniel, how are people paying you? What's your revenue model?

Revenue Models Explained

Daniel Liebeskind

02:10Yeah. We have a few different revenue models. And, you know, we really have two different types of users. We have first of all, we sort of have a whole creator ecosystem. And so creators are creating assets, they're creating art, they're creating programmable experiences, putting those in the marketplace, curators are creating templates, which people can then use to really easily customize their worlds. And then we have influencers, which are actually bringing people together inside of worlds and

02:37earning money by doing that. And so people are paying us both for world ownership, and that's $9 a month. And we have, you know, a couple thousand people that are doing that. And then we have also on the B2B side, like you mentioned, people are throwing one off events and they're also subscribing to have persistent monthly spaces where they can have all hands and happy hours and check ins and those sorts of things. So there's there's

03:05a few different things. We also have community subscriptions and ticketing coming very soon. So we're adding new revenue models as we go.

Nathan Latka

03:12>> On the B2B side, what's the average B2B company paying you per month or per year to use the tech?

B2B Pricing: Events and Recurring Venues

Daniel Liebeskind

03:17You know, it ranges. The largest one off event we've we've charged is $40,000. Small ones can be a $100. And then on the recurring side, you know, that also ranges. We basically charge based on venue size. So if you wanna have a venue size of capacity of 100 people, we charge $4 per person of capacity, so that's $400 a month. I would say that's probably, you know, for a small company, smallish company, that's what people are

03:44paying. And then you can have unlimited number of people and unlimited number of events, but never more than a 100 people at a time. But we have, you know, we have people that are have a 25 person capacity, 100 person person capacity, a thousand person capacity, so it kind of ranges.

Nathan Latka

03:59>> Got it. How many people are paying something on the B2B side?

Daniel Liebeskind

04:03On the B2B side, on a given month, you know, again, we sometimes have we have a lot of one off events as well. We have dozens at this point that are paying us, but, you know, it kinda fluctuates.

Nathan Latka

04:13>> Got it. Got it. Yeah. Ignore the one off stuff, but it sounds like maybe if you have dozens, call it maybe 24 paying at least $400 a month on the b two b side. Something like that. Yeah. Interesting. Do do you see that being the future? Obviously, everyone wants recurring revenue because then you can, you know, determine who to hire and rely on future revenue to cover their salaries and stuff, but not everything is meant to

04:30>> be a b to b SaaS recurring model. I mean, you're having success with one off events. Are, you know, are you comfortable with that? How do you plan?

Daniel Liebeskind

04:37Yeah. You know, we we very much actually want to be the evolution of how people socialize. We're not really focused on the b to b side per se. I think a lot of businesses have found topia to be really engaging in a great way to bring people together. We also were very focused on our creators, right on the people that are actually creating these experiences that are curating experiences that are bringing people together in worlds which

Creator Ecosystem and Confluencer Payouts

Daniel Liebeskind

04:58we call Confluencers. And so we're actually paying 30% of our revenue out from the B2B side to our creator ecosystem. And that's one of reasons that we're really stoked about all the different businesses that are paying. But I think as we think about the long term of topia, you know, we're very much a creator ecosystem and very focused on how can people have communities in these really unique social experiences and these curated and customized social experiences.

05:23And so that's that's kind of like our focal point. Things like Burning Man, you know, are very much in our wheelhouse, festivals, gatherings, those kinds of things.

Nathan Latka

05:31>> And so, Daniel, how much in September or October did you pay out to Confluencers?

Record Creator Payout Day

Daniel Liebeskind

05:37We actually just had our biggest day. I think a few days ago, we paid out $3,000 in a single day to our Confluencers. So, you know, it's still kinda early innings on some of this stuff, but, you know, it's it's scaling pretty quickly.

Nathan Latka

05:53>> What give me just obviously, I wanna try and avoid extremes. Congrats on a it's a hugely successful day, But if you look at us all of October, how much total an hour? Are we talking, like, $5,000 to $10,000 to Confluencers?

Daniel Liebeskind

06:03Yeah. Something like that.

Nathan Latka

06:04>> Okay. Interesting. So got it. So so I can then multiply times I mean, three there. Right? You're doing something like $30,000 a month on the on the world ownership side. Is that right?

Daniel Liebeskind

06:15You really like getting to the revenue numbers. Yeah. So we're, yeah, we're somewhere between there. You know, it fluctuates again based on the one offs, and the one offs actually generate a lot of the Confluencer commissions at this point. Oh, I see.

Nathan Latka

06:26>> Yeah. I see. I see. So on that largest event where you had, like, 40,000, that was that the b two b s s played, how would a Confluencer make money on that?

Daniel Liebeskind

06:34Yeah. So 30%. So we would basically say, okay. Here's a 40,000 invoice that's paid, and we're carving out 30% of that. And so, you know, $12,000 then gets slated to get paid out to our creators and our influencers, basically to our creator ecosystem.

Nathan Latka

06:48>> Bring people into the event?

Daniel Liebeskind

06:50Who are creating content, creating templates, creating assets, and bringing people into events.

Nathan Latka

06:55>> I see. So so you could have a big brand like Dell, who's very unsexy many people would say is unsexy and slow. Say, I want a cool factor. I'm gonna pay Daniel and topia $40,000 to then incentivize all these cool metaverse builders templates to go, like, build this cool online ecosystem.

Daniel Liebeskind

07:10That's right. We also have service partners. So this $40,000 event, actually, they paid $40,000 to us, but one of our service partners provided world building services, event production. We have we have about a dozen different service partners.

Nathan Latka

07:26>> Are those the world ownership people that you said there's thousands of paying $9 a month?

Daniel Liebeskind

07:30No. They're in some cases, they are, but often they're actually, like, event production companies. They are a a team of illustrators, And, you know, they have a lot of different capabilities. Sometimes they can hire paid actors, you know, so you can have these live interactive events. So think of like Sleep No More in New York, if you're familiar with that, you can you can have a corporate event that's kind of like your own customized sleep no

07:54more, which is like interactive theater. And these service partners will build the world, they'll customize it, you know, put in your, your company product videos or inside jokes, scavenger hunts, you can, you know, where you can win things. Then during the event, they'll actually run the event. They'll have the paid actors, those kinds of things.

Nathan Latka

08:11>> And, Daniel, when did you start building the business? What year?

Daniel Liebeskind

08:14So this topia formally started in 2020, but I've been building platforms like this since 2015. And so it's been, it's been a long journey. I've been actually the same technology that we're using topia, which is web real time communication. We basically have peer to peer encrypted tunnels for our audio and video. So there's like an encrypted tunnel between two browsers. I was building stuff using that technology back in 2015. And so, you know, it's been it's

08:39been kind of a journey. But this particular iteration started in 2020. We raised a little bit over 5,000,000 in May of this year from Seven Seven Six and Bonfire Ventures and and a few others. And Seven Seven Six is Alexis Ohanian, who's founder of Reddit, just as a as an aside. So, you know, in some ways, you know, the evolution of how we socialize, evolution of Reddit, community building, those kinds of things.

Nathan Latka

09:04>> Mhmm. Would you consider is the 5,000,000 the all you've raised? So it's like your pre seed round, basically?

Total Funding Raised: $5.8M

Daniel Liebeskind

09:09Yeah. It's it's it's 5.8 in total that we've raised. Mhmm.

Nathan Latka

09:14>> And so what talk to take me earlier. So before the 5,000,000, when did you raise the $800,000?

Burning Man 2020 Origin Story

Daniel Liebeskind

09:18We did that. So we hosted Burning Man in 2020. Basically, you know, Burning Man was trying to figure out how to deal with COVID, and they're shutting down. They were trying to throw their own event. We were kind of advising them on how to build a virtual world, essentially how to build a metaverse experience for Burning Man. They wound up deciding that they were going to outsource this. So we were one of the co hosts of

09:40it in 2020. We had over 25,000 people come to the event. And this was like five months after we actually wrote the first line of code. So, know, the whole platform is pretty new. But we had over 20,000 people come to, to burning to what we call Build A Burn, which is the virtual burning man. And then right after that, you know, we had a lot of people interested trying to invest in topia, and so we

10:01did friends and family round essentially then.

Nathan Latka

10:04>> Got it. So that was 800,000 sort of pre seed round. And did you do that, like, on a priced a priced round, or a general note would you say?

Daniel Liebeskind

10:12So it was actually 600,000, and it was using Daniel, come on, man.

Nathan Latka

10:16>> The story keeps changing. Okay. So 600,000 raised.

Daniel Liebeskind

10:19We then raised 5.2. So we've raised 5.8 altogether.

Nathan Latka

10:22>> Fair. Fair. Fair. Okay. Cool. Cool. I'm the reason I'm trying to get to this is because every founder, like, when they have a their big first moment for you is this burning man moment. There's always a ton of inbound interest. And so I'm curious how you sorta, like, moved quick, you know, reduced the amount of time you were on on investor calls. Did you use a note to do that, or did you go ahead and do

10:36>> the full price round on the 600?

Note Round and Seed Round Details

Daniel Liebeskind

10:38Yeah. We just we just did a note. And, you know, we actually did the whole thing in, like, two weeks. Yeah. Was really fast for for that for the note round, for the friends and family. And then the the price round, you know, we were really we I talked to a lot of different VCs. We were really trying to find somebody that was spiritually and energetically aligned with what we were trying to do and understood what

11:00we were trying to achieve. And we're going to try to like, you know, push us down some path that didn't make sense for, you know, for our values, for our culture. So when I met Alexis Ohanian and his team, Katelin Holloway as well, I was another partner at Seven Seven Six. Yeah, I was just like, okay, these are these are the perfect investors for us. They totally get what we're trying to do. They have deep experience

11:20building Reddit, you know, which is a platform that I have a lot of deep respect for and, you know, investing in just a lot of experience and connections. And so when, when, you know, when we actually made that happen, you know, it was kinda like sparks flew and let's make this happen.

Nathan Latka

11:36>> That that makes sense to me why you two aligned in terms of, like, an energy level. Most people are most founders are selling somewhere around 20% of the business in their seed. Were you around that same amount? Yeah. Around there. Okay. Then do you do you ever do you ever did you ever consider, man, this is gonna be big. I want full flexibility. I'd prefer to bootstrap.

Daniel Liebeskind

11:54Yeah. You know, bootstrapping is is definitely a path to go. You know, I think if you're gonna do that, either you need to have a founder that's already had a big exit and has the capital to bootstrap, or you need to really focus on how to make, how to maximize revenue and build a sustainable business right off the bat. And while we are, you know, we had revenue within our first six months, that hasn't been our

12:16core focus, you know, really for us, it's building a product that people love, and that is building a network, allows them to come together. Revenue has been, honestly, you know, one of the reasons that we focus on revenue at all now is so we can pay out our creator ecosystem.

Nathan Latka

12:30>> Yeah. Yeah.

Daniel Liebeskind

12:31That makes financial independence.

Nathan Latka

12:32>> What what was like, to boost that ecosystem, obviously, then you bring in network effects. Right? So how low was revenue in 2020? Mean, most of it was probably from the Burning Man event. Right? But are we talking, like, a $100 of revenue or something like that?

Daniel Liebeskind

12:42Yeah. It was it was even less than that. I think in 2020, we didn't actually turn on revenue generation capabilities until something like, you know, August or September. It was right before Burning Man. We even let people subscribe at all. And so it was And when you

Nathan Latka

12:57>> say let when you say let people subscribe, like, does that mean they're they're trying to buy worlds at $9 a month? Their world builder builders taking 30%? Like, what are the models where you did you open up?

Daniel Liebeskind

13:07Yeah. So the first one was was world ownership, essentially. So that these are these are unique URLs. It's kinda like real estate. So if you want topia.io/nathan, then you pay $9 a month to have that. And you have unlimited people that you can bring in there. We have huge amount of scalability. So we don't like cap the number of people at a time. We've had people bring thousands of people at once into one of these worlds.

13:27And that's just $9. And so that's that's what we opened up first. You know, we have thousands of people paying to have worlds that they own. And all of these commissions Would

Nathan Latka

13:38>> you say this year, this is gonna be your main revenue stream? Then it's gonna be this $9 per month world ownership concept?

Daniel Liebeskind

13:42No. We make we make way more from our business side than we do from the consume what what is more like the Confluencer side, the world ownership side.

Not Yet at a $1M Run Rate

Nathan Latka

13:52>> Okay. Okay. Interesting. I mean, if you have thousands, though, at $9 a month, I mean, let's say 2,000 at $9 a month, that's more than, you know, $20,000 a month in revenue. So if you're doing way more on the b to b side, I mean, what you are you guys past a million dollar run rate yet? We're not. No. Can you break it next year, you think?

Daniel Liebeskind

14:07A million next year? Yeah. Total revenue. Definitely our goal.

Nathan Latka

14:10>> Yeah. And the reason I bring that up is because it sounds like if that goes up, Confluence can make more money. So you get more creatives, cartoonists, illustrators building for the platform, and you get network effects. So, like, don't don't kill me for pushing on revenue, but I'm also trying to help.

Daniel Liebeskind

14:23That's exactly right. That's exactly right. And and and that's that's really the the focal point here is how do we, you know, how do we create financial independence for creators make it so that you can just, you know, you can have a full time career be just creating things that bring people together, right? Creating experiences, creating social experiences online. That's that's actually sort of the the goal and the mission here.

Nathan Latka

14:46>> Mhmm. Yeah. No. That makes a lot of sense.

14:47Okay. So so how I guess the main thing

14:52>> you're tracking then are what is it? How many contributors contribute at one at least one illustration or at least one template per month? Like, what's that metric for you that you really care? I know you're not metrics. Like, you're little like an energy guy, but you have to have some metrics. Right? What's the metric?

Key Metrics: Conversations and Events

Daniel Liebeskind

15:04Yeah. We definitely we have metrics. So, you know, we are looking at how many people are having conversations a week. Okay. You know, importantly, we're not saying how how, you know, what is like session duration, how long are people having conversations, because we're not trying to build an attention economy. We're not an ad based model. Right? We're never going to be. So the length of time isn't nearly as important as actually coming on frequently and having

15:29at least, you know, one human connection with people. So we track we track that. We look at how many events are happening on platform each week, and then we look at how much we are paying out to our creator ecosystem.

Nathan Latka

15:42>> Interesting. Okay. So how many conversations per week happened last week?

Daniel Liebeskind

15:46Last week, I think it was 4,000 people had at least one conversation.

Nathan Latka

15:50>> That's amazing. Okay. And so how many events was that across?

Daniel Liebeskind

15:54It fluctuates. I think last last week, it was a 180 different events.

Nathan Latka

15:58>> Wow. Okay. And then it sounds like, again, a really good day for you in terms of paid out to creators would be, like, 3 k. So maybe I mean, it sounds like you're around, like, 2 or 3 k per per week on a good week.

Daniel Liebeskind

16:06On a good week. Yeah.

Nathan Latka

16:08>> Yeah. Yeah. Super interesting. Okay. Very cool. You know, I think that the most I would argue the hardest thing about this really is finding, a mousetrap to get, like, the common person understanding this. Right? Like, I get it, but I would say I'm even early. Right? Like, what do think a mousetrap's gonna be where you get millions of people having a conversation each week?

Metaverse Tailwind and Growth Outlook

Daniel Liebeskind

16:23Yeah. Well, one of the funny things that's happening is we've been a metaverse company for years now without actually using the word metaverse. Right? And so it's really hard to describe topia without bringing people into it. I think that's actually getting a lot easier because now people are exploring what is this idea of real time social interaction online? What is the synchronous Internet? What is the metaverse? And so that's actually making things much, much easier for

16:49us. But, you know, I think that the ultimate explosion in people actually having conversations is likely going to come from people just being more comfortable with these kinds of platforms, actually using them, having it integrated into their daily way of life and part of how they actually interact and have community with people all over the world, right? In many ways, we're actually bringing the accessibility to communities. We're tearing down location based physical constraints, economic constraints to

17:20to be a member of different groups. And so, you know, it's it's my belief, I think what we're seeing actually happen around us real time is that people are are getting more and more excited about the ability to actually interact online and not just in a meeting, right, but in sort of a social free to move. You have your own agency safe, consensual way. Well,

Live Walkthrough and NFT Interoperability

Nathan Latka

17:44>> I just signed up, and I'm very happy to say I got forward slash Nathan username, which I'm shocked that I got. So I'm very excited. This is great. You know what this reminds me of? This is crazy. This looks almost exactly like the, whatever, the the boring apes ecosystem they built to give value to the NFTs they're building. Do you have anyone combining and illustrating virtual worlds and you can only access them in with with NFT

18:08>> access?

Daniel Liebeskind

18:10It's funny you should ask that. We we have not. This is this is an exclusive on this podcast. You know, just teasing that we are one of the one of our core beliefs is in the interoperable metaverse, the idea of, you know, if you're gonna be creator centric, we need to make it possible for creators instead of having to in, like, web so creepy.

Nathan Latka

18:29>> I just joined this world. There are other people here I've never met before, but I see their faces, and I see their little illustrators walking around. This is very interesting.

Daniel Liebeskind

18:37You're probably in welcome, which is kind of like our welcome lobby. Is the URL slash welcome?

Nathan Latka

18:42>> Yeah. I just muted myself. I'm going to I'm I'm walking through explore the Topia sign. I'm going to the private zone. I'm discovering public worlds. Art Island look in looks interesting. This is very interesting. Yep. Wow. This is like so, like, how much of your time is spent towards, like, building the next Disney? Right? Don't you need, like, amazing illustrators and cartoonists, like, create these virtual worlds? Isn't that the key here? Like, Activision x World of

19:05>> Warcraft builder people?

Daniel Liebeskind

19:07Yeah. I mean, we so one of the crazy things is that we have a huge marketplace full of assets. We have, we have both topia assets. We also have community built assets and then scenes, which are collections of objects or collections of assets. So there's a ton of stuff that you can actually just pull in. And then if you want to upload your own content, you can. You also very soon will be able to import your

19:29NFTs, verified NFTs and, you know, use those kinds of things. So, you know, just tying into this sort of interoperable public database of content makes it so you don't really have to generate your own from scratch anymore as part of this whole creator ecosystem that is emerging around us. You know, people have been talking about creator economies for a long time, but now it's actually coming to fruition. And you don't need to be an artist yourself

19:55in order to have access to really high quality art that creators have made.

Nathan Latka

20:01>> Sorry. If I look distracted, it's because I am. I'm walking through all these worlds. Can I, like, have an can I hire an illustrator and, like, illustrate my own little podcast booth? Kinda like this person right now is owning the little graphic stage. And when I walk into it, he's I'm listening to his music.

Daniel Liebeskind

20:15Absolutely. Yep. That and and people are doing that all time. So I was talking about service partners. There's also just tons of artists on platform where you can you know, where they'll make you custom art, and you can just make your world whatever you want it to be.

Nathan Latka

20:27>> I just jumped in the pool, which is that splashing you hear in the background. So funny. I love this. Okay. This makes perfect sense to me. Like, I get it. You just have to do it. I love how easy you've made the onboarding. I feel like that's the key to getting this to work. I feel like once people are in, they're gonna get hooked. This is great. Alright. Let's wrap up. Well, actually, are you raising more

Raising Another Round?

Nathan Latka

20:44>> capital right now?

Daniel Liebeskind

20:45We we likely are we haven't, you know, we haven't really kicked that off. We are getting a lot of interest in raising another round, you know, we just raised, so we don't really need capital. But, you know, having more will help us to really accelerate and we are scaling the team. Our product is evolving pretty rapidly. And so, know, if people are interested, they can reach out to me.

Famous Five

Nathan Latka

21:06>> Very cool. Alright, let's wrap up with the famous five. Number one, favorite book. Favorite book?

Daniel Liebeskind

21:12Well, the book that I just read is Snow Crash, because that's the the word of, you know, metaverse came from. I would say maybe Shantaram, though, is is probably my favorite book at the moment.

Nathan Latka

21:24>> Number two, is there a CEO you're following or studying?

Daniel Liebeskind

21:29It's a good question.

21:32You know, I I think Mac Reddin at Commsor, he's kind of an ally of mine, but also just an amazing community builder and has a has a beautiful energy. Recommend checking them out.

Nathan Latka

21:43>> Number three, what's your favorite online tool for building topia?

Daniel Liebeskind

21:49Mean, procreate is is probably the number one in terms of illustration capabilities. We also have an API coming very soon where people will be able to build their own tools on top of topia. And so hopefully one of those would be my favorite soon.

Nathan Latka

22:05>> Number four, how many hours of sleep do you get every night?

Daniel Liebeskind

22:10I think the healthy thing to say would be eight to nine, but, you know, it's often, it's five or six.

Nathan Latka

22:16>> Alright. In situation, married, single kids? Married.

Daniel Liebeskind

22:19No kids.

Nathan Latka

22:20>> No kids. Alright. And how old are you?

Daniel Liebeskind

22:2234. Oh, 35. I just had a birthday.

Nathan Latka

22:25>> Happy birthday. Happy birthday. You. I was October 3. When's your birthday? October 14. Oh, nice, man. Very cool. Alright. Last question. Something you wish knew when you were 20.

Daniel Liebeskind

22:38Wish I knew when I was 20.

22:41I guess, you know, that you don't need to go the traditional path. One of the things when when we're young, at least when I was growing up, you know, you're told that you should be a doctor or a banker or a lawyer. One of the things I've realized now is that there's so many different things you can be. And part of that is just the evolution of the job market. And there are gig economy things, you

23:01can be an artist, you can be a creator, you can be a manager. But you know, I wish I knew when I was younger that like, the world was way more open to possibilities.

Nathan Latka

23:10>> Guys, topia. Hosted Burning Man in 2020 when everyone was shut down, had 25,000 people on their virtual world. They did under $100,000 in revenue at that point because they weren't focused on revenue. Now really trying to figure out how to drive revenue so they can pay more out to co creators to get better artistic talent on the platform to create better virtual worlds. Thousands of people are paying over $9 a month for world ownership, and B2B

23:29>> brands are hosting events on here as well along with some of these folks like Burning Man. They're paying thousands out creators every single month. We'll see what happens next. 5,200,000 raise sold about 20% as he looks to scale. Daniel, thanks for taking us to the top.

Daniel Liebeskind

23:42Nathan, thanks for having me on here. This is really fun.

Nathan Latka

23:46>> One more thing before you go. We have a brand new show every Thursday at 1PM Central. It's called Shark Tank for SaaS. We call it deal or bust. One founder comes on, three hungry buyers, they try and do a deal live and the founder shares back end dashboards, their expenses, their revenue, ARPU CAC, LTV, you name it, they share it and the buyers try and make a deal live. It is fun to watch every Thursday 1PM

24:11>> Central. Additionally, remember these recorded founder interviews go live. We release them here on YouTube every day at 2PM Central. To make sure you don't miss any of that, make sure you click the subscribe button below here on YouTube, the big red button and then click the little bell notification to make sure you get notifications when we do go live. I wouldn't want you to miss breaking news in the SaaS world, whether it's an acquisition, a big

24:33>> fundraise, a big sale, a big profitability statement or something else. I don't want you to miss it. Additionally, if you wanna take this conversation deeper and further, we have by far the largest private Slack community for B2B SaaS founders. You want to get in there. We've probably talked about your tool if you're running a company or your firm if you're investing. You can go in there and quickly search and see what people are saying. Sign up

24:55>> for that at nathanlatka.com slack. In the meantime, I'm hanging out with you here on YouTube. I'll be in the comments for the next thirty minutes. Feel free to let me know what you thought about this episode and if you enjoyed it, click the thumbs up. We get a lot of haters that are mad at how aggressive I am on these shows, but I do it so that we can all learn. We have to counter those people.

25:14>> We got to push them away. Click the thumbs up below to counter them and know that I appreciate your guys'support. Alright. I'll be in the comments. See you.