1. What is Clipchamp?
Clipchamp is a start-up that makes sharing video easy and fast.
2. Who are the people behind Clipchamp?
The team consist of seven people with diverse backgrounds who have been working together for various employers for nearly ten years in the areas of sales, executive and general management, development, research, marketing and operations.
3. What is your connection(s) to QUT?
The two co-founders are staff members of QUT.
4. How long have you been operating as a business?
The team was incorporated in February 2013 and have had Clipchamp on the market since August 2014.
5. How did you come up with the idea for Clipchamp?
The Clipchamp team set out to build the largest distributed supercomputer in the world. Their first use case was to be around video conversion and they built quite a bit of technology to make it happen. When the original plan turned out to be too ambitious, they pivoted and released the video technology as a free product that received significant user uptake.
6. Do you have any previous experiences in start-ups or business?
Some team members ran companies or parts of companies and some built and evangelised technologies and products for large software companies. However, Clipchamp is their first tech start-up.
7. What has been your biggest challenge with Clipchamp to date?
Their products are technologically challenging and building them in a way to scale hundreds of thousands of existing users and the millions they are potentially expecting takes much patience. Also, obtaining the different legal, financial, operational and other aspects under control at the same time requires a significant bandwidth, which they would instead love to spend on progressing the business.
8. What has been your biggest success with Clipchamp so far?
When the Clipchamp team rolled out the platform, they had no idea that they would attract half a million users within a year with virtually no marketing. The business is growing strongly and many users provide excellent feedback.
Solving a real problem for many users is their biggest success so far.
9. Where do you find inspiration and what entrepreneurs are you influenced by?
The Clipchamp team are influenced by different local and global entrepreneurs but the biggest source of inspiration interestingly comes from a user the team have never been in contact with praising the software. Some significant YouTubers call Clipchamp ‘life-changing’.
10. What would it mean to you and your start-up to win the Innovation Challenge?
It would put Clipchamp into a position to accelerate growth, refine and speed up product/market fit and become cash-flow positive sooner. The Clipchamp team are operating in a vertically growing industry and growing fast is their only currency. Different growth trajectories might be the difference between failing and succeeding.