Good questions and welcome to the VPC threads!
Velpic's point of difference is it's in built authoring tool which allows user to quickly (and cheaply) set up new (or drag and drop to convert existing) lessons into its video interface. All this is done in the cloud. It's cheap, quick and effective. Many other LMS require a third party video authoring tool to create the content and not all are cloud based.
Remember the old days of coding a website. And then this being replaced by the simple "drag and drop" software which codes in the background making it easy for anyone to create a website.
It's naive to think there is no competition because there is, Velpic is only chasing a small slice of the rapidly expanding LMS market and at present has a superior product.
Initial RTO was at 2.5c. Recent capital raise at 3c. Great time to invest as a newbie to VPC imo with little medium term downside from these levels.
In regards to the client sign ups have a look through some of the presentations with regards to the size of market and the difference price plans. It's the SME sector which is the main target (businesses that traditionallly haven't been able to afford an LMS) and this is just starting for Velpic.
DYOR
Cheers,
TT
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