Pitching the Killer Use Case for VR

The podcast episode discusses a startup called WIST that aims to revolutionize the use of virtual reality (VR) for capturing and reliving memories. The founder of WIST, Andrew, explains that the app allows users to step back inside their memories by using AR and VR technology on mobile and headsets. The app captures moments using the LiDAR sensor on iPhones, and users can then relive those memories in an immersive way. Andrew highlights the potential of WIST in preserving and sharing personal memories, and he plans to expand the capabilities of the app to offer APIs and SDKs for other developers in the spatial computing space. The investors express different levels of interest and concern, with some recognizing the emotional value of the technology and others questioning the market and adoption challenges. Despite some hesitations, Sian Banister from Long Journey Ventures shows strong interest in investing, motivated by the potential for connecting generations and helping people process loss and grief. Ultimately, both the podcast hosts and Sian decide to invest in WIST, acknowledging the risk and uncertainty involved in early-stage technology investments.