A New Spin on VR
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A New Spin on VR

S5 E2·Jan 23, 2019·38 min·Season 5

About this episode

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Tom Impallomeni is here to pitch Tribe XR, a VR app that teaches people to DJ. He’s got a vision for using virtual reality to teach creative skills — but the investors are skeptical. Can Tom convince them he’s putting the right spin on VR?

Today's investors are Sarah Downey, Michael Hyatt, Charles Hudson and Phil Nadel.

The Panel

Phil Nadel, investor
Phil Nadel

Forefront Venture Fund

“When I'm investing, I'm looking at it strictly as a return on investment.”
Michael Hyatt, investor
Michael Hyatt
“Necessity is the mother of all invention. You've invented this because you want to solve a problem that you had. That's exactly where great businesses all start.”
Charles Hudson, investor
Charles Hudson

Precursor Ventures

“We're people pickers at Precursor. That's what I do.”
Sarah Downey, investor
Sarah Downey
“Is this risky? Hell yeah. But I'm willing to take a risk on somebody who will jump in a car in LA and go for it.”

The Outcome

$100,000 raised.

The Deal

$100,000raised from 1 investor

Charles Hudson
Charles Hudson

Precursor Ventures

$100,000

The Founder

TI

Tom Impallomeni is the founder of Tribe XR, a virtual reality app that teaches people to DJ, which pitched on The Pitch. Tribe XR uses VR to teach creative skills, with a focus on DJing. Impallomeni pitched Tribe XR to investors Sarah Downey, Michael Hyatt, Charles Hudson, and Phil Nadel, and the company secured investment on the show from Charles Hudson.