The Worlds Largest Luxury Groups Become Our Customers in 3 months.
How the worlds luxury brands become our customers in 3 months.
Welcome to our newsletter about MarqVision, the company that is revolutionizing the way brands protect themselves online. MarqVision is an AI-powered technology that identifies and removes counterfeits from online marketplaces. Their Growth Protection Platform offers a solution that uses natural language machine learning to detect and remove fraudulent content from the online market. With MarqVision, brand protection is their job, not yours.
YouTube Channel EO did an episode about how they were able to get their first customers. Read the summary below.
In this video, Mark, the co-founder and CEO of MarqVision, discusses the journey of their company and how it attracted the attention of Global Brand, one of LVMH's portfolio companies, within three months of launching. He emphasizes the importance of delivering value to customers and protecting the rights of individual creators. Mark shares the growth of MarqVision, achieving a million ARR within eight months and winning the LVMH Innovation Award. He also highlights their expansion to three offices across three continents. Mark's journey as a first-generation Korean immigrant and his vision to combat counterfeiting and protect intellectual property are also discussed. Overall, MarqVision aims to be the go-to name for IP-related issues and is driven to make a significant impact in the digital world.
00:00:00 In this section, Mark, the co-founder and CEO of MarqVision, discusses the challenges of delivering value and making a lasting impact on their customers. He emphasizes the importance of protecting the rights of individual creators, as well as the need to fight against counterfeits in the global market. Mark shares the impressive growth of MarqVision, with a million ARR achieved within eight months of launching their product. He also highlights their recognition in winning the LVMH Innovation Award and their expansion to three offices across three continents. Mark's journey from being a first-generation Korean immigrant to pursuing a legal career, and eventually founding MarqVision, is also shared. Overall, Mark and his team are driven to build a company that can make a significant impact on combating counterfeiting and protecting intellectual property.
00:05:00 In this section, the founders of MarqVision discuss how they realized the need for AI-driven solutions to combat IP infringement in the online space. They explain that traditional means, such as law firms, are unable to keep up with the speed at which counterfeiters operate. The founders saw an opportunity to revolutionize the entire IP industry by realistically applying AI They also share their experience of starting the company as students, highlighting the advantages of having the freedom to try new things without a high opportunity cost. Additionally, they talk about their journey to acquire their first paying customers and the excitement it brought, while also emphasizing the importance of customer feedback for product improvement.
00:10:00 In this section, the speaker discusses how their company, MarqVision, quickly attracted the attention of Global Brand, one of LVMH's portfolio companies, within three months of its launch. They initially started small by protecting themselves in one country and gradually built their reputation and trust. With the industry being interconnected, once one brand started using its product, others followed suit. The speaker emphasizes the importance of making customers happy and delivering value to scale the business. MarqVision's core competitive edge lies in its focus on building the best product to automate manual tasks and the customer obsession culture. They aim to be useful to brand IP owners worldwide, offering tools to detect and enforce counterfeit listings, manage and protect IPs, and create a seamless workspace. The speaker highlights the significance of protecting the rights of individual creators, emphasizing the mission of MarqVision to power human creativity and innovation in a digital world. Ultimately, they strive for MarqVision to be the go-to name for IP-related issues, similar to the way Zoom is associated with video conferences.
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YouTube Corner
Channel of the week
EO
