SPEAKING.APP

Pitch by Sam Altman

Loopt shows off new app for the iPhone
Transcript
Highlights
We are incredibly psyched about Loopt on the iPhone. Loopt is about connecting with people on the go, which is, after all, the main reason you have a phone. We show you where people are, what they're doing, and what cool places are around you. The orange pin up there is where I am right now, and the blue pins represent my friends. We make serendipity happen. It's amazing how often you're at a restaurant a couple of blocks away from a friend, or stuck in an airport with an old classmate and don't know about it. We'll show you that. This is the best version of Loopt that we have ever made, uh, and by far the best device we've ever had the opportunity to work with. We've developed for nearly every mobile platform out there. This one is the best and the most powerful. So James is navigating the map just like you'd expect by pinching and dragging and tapping, and we can see that there are some friends down south, a friend of mine is driving across the Golden Gate Bridge, um, and here are some friends that are very nearby us right now. We can tap the map a few times to zoom in, uh, and as we zoom in, we see that there's one friend very, very close, so we can tap on that, uh, dot, and it's Erin Easter. And she's only a few blocks away, and so we can see what she's been doing today. This is called her journal. Photos she's taken, text she's entered, all of this tied to places and shareable with any other service she'd like. And the thing in blue is a comment that her friend has left earlier today. So we can tap on that top entry that says,"Back at the cutest little cafe," uh, and we can tap on it again, and that photo will enlarge. So that does actually look pretty cool, and I don't have lunch plans today, so we'll see if she's free. So we can go back. I could call her or I could text her. We integrate with the native iPhone APIs, but I'll leave a comment, uh, and I'll say,"Free for lunch?" If she is free, then I can get directions to her in one click and one line of code. Another example of the power of the SDK. And this is really all an example of the power of location. Location plus a contact list and information about cool places means you never have to eat lunch alone again or at a bad place. And we think that's really cool. We really do. Um, you can use Loopt with your friends on most other carriers or devices in the US. We are the largest social mapping service in the world, and very happy to announce that Loopt will be free on the iPhone and in the App Store at launch. Anyway, we think this is a new era of mobile. We're thrilled to be part of it. Thanks very much.
Pitch Summary

You paint a clear picture of a location-based social app that helps people turn “I didn’t know you were nearby” into real meetups, and the demo makes it feel tangible. As an investor pitch, it still leaves big unanswered questions about why you win, how it becomes a business, and what you want next.

Pitch Anatomy
10/12 covered

Common investor pitch elements. Not every pitch needs all of them.

How It Works takes 50% of your pitch
Not Covered
Improved Version
513595 words (+16%)
Loopt makes serendipity happen. It is the simplest way to see which friends are nearby and what great places are around you, so meeting up can be as easy as checking your phone. It is amazing how often you are a couple blocks from a friend and do not realize it. Or you are stuck in an airport next to an old classmate and you miss the chance to connect because there is no simple, real-time way to know. Loopt is about connecting with people on the go, which is the main reason you have a phone. We show you where people are, what they are doing, and what cool places are around you, all in a way that turns everyday downtime into spontaneous meetups. On the map, the orange pin is where I am right now and the blue pins are my friends. You can pan and zoom around the map, then tap a nearby friend to see their details. For example, if I tap Erin Easter, I can see her journal from today. It includes photos and notes tied to specific places, and her friends can comment on entries. If I open an entry like “Back at the cutest little cafe,” I can tap to enlarge the photo, then decide to reach out. From there I can call, text, or leave a quick message like, “Free for lunch?” If she is free, I can get directions to her right away. The bigger point is that location plus your contact list plus information about great nearby places means you do not have to eat lunch alone again, or end up somewhere disappointing. This is the best version of Loopt we have ever made, and the iPhone is by far the best and most powerful device we have had the opportunity to build on. That combination makes the experience fast, natural, and truly useful in everyday life. iPhone users can use Loopt immediately, and they can still connect with friends who are on most other mobile phone networks and devices in the US. We are the largest social mapping service in the world. [Insert the proof point that backs this up, such as user count, active users, or growth rate.] [Not covered in the original pitch. Consider adding 1 to 2 sentences on why Loopt wins versus alternatives like texting a group chat, checking in manually, or other location and social apps. Anchor it in your unique advantage, such as real-time friend proximity plus place context plus cross-network reach.] At launch, Loopt will be free on the iPhone in the App Store. [Not covered in the original pitch. Consider adding how you will make money over time, for example local recommendations, partnerships, advertising, or premium features.] We have developed for nearly every mobile platform out there, and that experience is why we can deliver what we think is the best Loopt yet on the most powerful mobile device we have built for. [Not covered in the original pitch. Consider ending with a clear ask tied to your next milestone, for example: “We are looking for [funding amount] to grow the team and scale distribution,” or “We want partnerships with local place data providers and carriers,” or “Download it at launch and tell us what you want next.”] We think this is a new era of mobile, where your phone helps you connect to the right people in the right place at the right time. We are thrilled to be part of it, and we believe location-driven social experiences like Loopt will become a daily habit.

Hook

Loopt makes serendipity happen. It is the simplest way to see which friends are nearby and what great places are around you, so meeting up can be as easy as checking your phone.

Problem

It is amazing how often you are a couple blocks from a friend and do not realize it. Or you are stuck in an airport next to an old classmate and you miss the chance to connect because there is no simple, real-time way to know.

Solution

Loopt is about connecting with people on the go, which is the main reason you have a phone. We show you where people are, what they are doing, and what cool places are around you, all in a way that turns everyday downtime into spontaneous meetups.

How It Works

On the map, the orange pin is where I am right now and the blue pins are my friends. You can pan and zoom around the map, then tap a nearby friend to see their details. For example, if I tap Erin Easter, I can see her journal from today. It includes photos and notes tied to specific places, and her friends can comment on entries. If I open an entry like “Back at the cutest little cafe,” I can tap to enlarge the photo, then decide to reach out. From there I can call, text, or leave a quick message like, “Free for lunch?” If she is free, I can get directions to her right away. The bigger point is that location plus your contact list plus information about great nearby places means you do not have to eat lunch alone again, or end up somewhere disappointing.

Why Now

This is the best version of Loopt we have ever made, and the iPhone is by far the best and most powerful device we have had the opportunity to build on. That combination makes the experience fast, natural, and truly useful in everyday life.

Market

iPhone users can use Loopt immediately, and they can still connect with friends who are on most other mobile phone networks and devices in the US.

Traction

We are the largest social mapping service in the world. [Insert the proof point that backs this up, such as user count, active users, or growth rate.]

Differentiation

[Not covered in the original pitch. Consider adding 1 to 2 sentences on why Loopt wins versus alternatives like texting a group chat, checking in manually, or other location and social apps. Anchor it in your unique advantage, such as real-time friend proximity plus place context plus cross-network reach.]

Business Model

At launch, Loopt will be free on the iPhone in the App Store. [Not covered in the original pitch. Consider adding how you will make money over time, for example local recommendations, partnerships, advertising, or premium features.]

Team

We have developed for nearly every mobile platform out there, and that experience is why we can deliver what we think is the best Loopt yet on the most powerful mobile device we have built for.

Ask

[Not covered in the original pitch. Consider ending with a clear ask tied to your next milestone, for example: “We are looking for [funding amount] to grow the team and scale distribution,” or “We want partnerships with local place data providers and carriers,” or “Download it at launch and tell us what you want next.”]

Vision

We think this is a new era of mobile, where your phone helps you connect to the right people in the right place at the right time. We are thrilled to be part of it, and we believe location-driven social experiences like Loopt will become a daily habit.

Message Clarity

4 jargon terms, 2 complex sentences found

Jargon

native iPhone APIsbuilt-in iPhone features we can connect to
1:30
SDKa toolkit that makes it easy for developers to build features
1:41
carriersmobile phone networks (like AT&T or Verizon)
1:57
social mapping servicean app that shows you and your friends on a map
2:00
Speaking Pace

Average Pace

244 WPM

Too Fast

Adjust
Good
Perfect
Min: 212 WPMMax: 277 WPM
Vocal Expression

Your vocal energy and emotional tone over time

Monotone
Flat
3
Conversational
Expressive
Dynamic
Expressiveness
TenseUneasyCalmEngagedJoyful

Dominant expressions:Interest, Determination, Concentration

Your voice reads as focused and driven with steady enthusiasm, with the strongest moments coming when you briefly slow down to underline the user benefit.

Delivery

4 notable moments in your vocal delivery

Excellent (3)

Needs Work (1)

UptalkBeta

10 instances detected

"where people are,"0:12
"where I am right now,"0:17
"We can tap the map a few times to zoom in,"0:55
"and we can tap on it again,"1:20
"and I don't have lunch plans today,"1:24
"So we can go back."1:26
Weak Words

No weak words detected

🎉
No weak words detected!
Strong, confident language
Filler Words
7
TOTAL
uh5
um2