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GeoCVNewsRJ Pittman

"Meet Kevin" Livestream Discussion: Matterport CEO RJ Pittman [$GHVI Stock]14325

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Video: Confronting the CEO of Matterport [$GHVI Stock] | Video courtesy of Meet Kevin YouTube Channel | 24 February 2021

https://youtu.be/xnN83FUotJc

5 pm EST Wednesday, 24 February 2021

[Waiting for livestream: 5:05 pm EST]
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New URL:
https://youtu.be/imLcTw74yog

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Matterport is working on automating the creation of 2D floor plans (for faster turnaround) - Matterport CEO RJ Pittman
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For larger spaces you might still go to a profession - Matterport CEO RJ Pittman
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Matterport can automatically label every room in a house via its AI.
Matterport can automatically tell how many windows face South. (relates to thermal load of property)

- Matterport CEO RJ Pittman
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Matterport is training its AI for specific companies that have a specific need to understand if [equipment] is installed or not in 1,000 properties.

- Matterport CEO RJ Pittman
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Matterport API allows 3D furniture to be brought into a space. This is being done on the new World Trade Center (including artwork). - Matterport CEO RJ Pittman
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Car showrooms "Matterporting" space to drop-in CGI created cars. - Matterport CEO RJ Pittman
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Objection: If I do Matterport for a house for sale, people will not show up.
Response: Engagement goes up 300 percent with Matterport (more leads).

Objection: Matterport shows everything (safety, valuables)
Response: Close closet doors; leave out a room or two, if necessary.

- Matterport CEO RJ Pittman
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Insurance Claims Adjustment - Head adjuster can do the adjusting remotely (including specialists).

(Eliminates need for travel)

Claims get resolved faster with more precision.

- Matterport CEO RJ Pittman
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Matterport Digital Twin of home and contents: easier way to get a better quote on my homeowners policy

- Matterport CEO RJ Pittman
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Matterport digitization of the built world - creating the digital twin - multi-billion dollar biz.
Second part of strategy is the datafication of the built world. A stream of data that can feed industries (furniture, mortgages, etc.)

- Matterport CEO RJ Pittman
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Insurance-appraisers-mortgages are starting to use Matterport. More in 2022.
The tech needs to be universally accepted to become a standard. Adopting a platform strategy. Matterport needs to provide consistent data across industries.

- Matterport CEO RJ Pittman
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The biggest, next thing:

1. R&D: relentless commitment to innovation
2. Did you mean: replicatable valuable proposition today: scaling (more companies/countries/markets (verticals) that's possible)

- Matterport CEO RJ Pittman
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Capture ubiquity strategy: Pro2 and other companies' hardware (cameras)

1. BLK360
2. Pro2
3. 360s
4. Smartphones

---

Why not fixed security cameras with models updated to create digital twins in real-time.

- Matterport CEO RJ Pittman
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Digital version for facilities management of spaces that change weekly or monthly.

- Matterport CEO RJ Pittman
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1. Zillow listings supports virtual tour links now
2. Zillow still trying to figure out the eco-system (they have their own system (Zillow 3D Home)
3. "How do we get Matterport on Zillow?" What I can tell you "there is a good meeting of the minds" [sounds like Matterport is in discussions on this] "Nothing to report right now. We're moving in the right direction.

- Matterport CEO RJ Pittman
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What brought me to Matterport: Imagine a future with digitization in the transaction. Not a replacement for the real estate agents. Data will change everyone's role in the transaction.

Companies seek a data-driven advantage over competitors.

Insights from your own company's portfolio.

- Matterport CEO RJ Pittman

(I have done a number of design-build project over the years.)
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Our view is to be an open eco-system.

We're not the only ones to doing data-mining with your data.

Matterport will be adding a MarketPlace - an app store - later this year. (Like the paint store app, says Meet Kevin.) Create efficiencies in the marketplace.

- Matterport CEO RJ Pittman

Editor's Note: We Get Around Network MarketPlace
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Regarding outdoor scanning:

1. use Leica BLK360 for outdoors
2. iPhone 12 has LiDAR (mini-version of BLK360) - limitation is focal-length
(within 10 feet, you can get pretty good results)

- Matterport CEO RJ Pittman

---

Note from @DanSmigrod - See @Home3D use of Ricoh Theta Z1 for shooting outdoors. Enables swimming pools to be visible in the dollhouse view.
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Don't expect Matterport to accept BitCoin.

- Matterport CEO RJ Pittman
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Matterport scans done in 150 countries and growing: double in less than two year.

How does Matterport meaningful organize

Matterport Office recently opened in Singapore. There is a London office too.

China and India have billions of buildings. High density of buildings.

- Matterport CEO RJ Pittman
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Museums are adopting Matterport for VR (headset): more immersive.

As a platform company, let's make sure that we support VR headset too.

- Matterport CEO RJ Pittman
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Matterport Going Public - raises Matterport's profile.

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Matterport is going public 100 percent about scaling Matterport to create a long-term ecosystem.

- Matterport CEO RJ Pittman
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Matterport has been used for crime scene re-enactments. "That's happening!"

Visually see adjoining rooms.

- Matterport CEO RJ Pittman
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Meet Kevin showing one of his Matterport tours to see where a tenant was complaining about a leak.

Remotely, Kevin could figure out that the toilet was above where the leak was.

--

Homeowners annotate space over time for insurance documentations.

We're talking with Lemonade insurance

Matterport as the source of truth.

- Matterport CEO RJ Pittman
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Matterport for iPhone - 1 space, 1 building, 1 house for free.

- Matterport CEO RJ Pittman

(@DanSmigrod: scan can not be made public in free Matterport Cloud account.)
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Matterport enables remote inspection. (e.g. home inspection)

- Matterport CEO RJ Pittman
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Real estate agents that have not adopted the tech. "It's always informative."

Matterport trying to figure out how to handle objections.

Matterport has hired a new head of customer.

We are investing in more value-proposition that you are already apart of.

You will see a ton of stuff that unlocks data. "How could I have survived in the past without Matterport."


- Matterport CEO RJ Pittman
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Matterport has first-mover advantage.

Matterport may process more models in a hour that other platforms take much longer.

Seeking collaboration opportunities with competitors.

We're working on a collaboration with allseated. Why should they compete with Matterport when we already have 25,000 events spaces in Matterport and they could build on top of that.

- Matterport CEO RJ Pittman

==>Note from @DanSmigrod | No mention of Matterport ownership or revenue share with photographers<===

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AllSeated is now Prismm
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