AppOnboard Raises $15 Million, Angles to Reinvent App Store
*By Tracey Cheek*
AppOnboard is looking to reinvent the app store by letting users instantly experience an app or game without having to download it. The company just raised $15 million in funding, bringing its total to $30 million this year.
“We’re really excited to really re-invent the way that users consume apps,” Bryan Buskas, AppOnboard's chief operating officer told Cheddar on Thursday. He said the new funding will focus on two things: international expansion, including into Europe and China, and improvements in the platform.
he two co-founders, Jonathan Zweig and Adam Piechowicz, developed 14 of the first 100 iOS apps when the App Store first launched. Their goal for AppOnboard is to deliver on demand app experiences for Android users.
“Consumer expectations are \[that\] at the push of a button you get a car or you get a pizza, and everything is on demand,” said Buskas. “But if you look at the app stores, it really is the last place of digital content where you’re expected to download a full file before you even try something out.”
Google Play users are not the only ones who can benefit from using AppOnboard,. Buskas said the app also offers product insights for developers.
“The data we see is that consumers who use the 'try now' button and experience the app before they commit to the full download have 30 percent better retention, better monetization ー its a lift across kind of all metrics because you’re pre-qualifying the user into an experience that they know they want,” Buskas said. “We’re excited to think all app stores in the world will someday be like this.”
Apps have grown five times larger since 2012, and larger files lead to lower conversion rates, slower downloads, higher uninstalls, and lower update rates, according to Google. The “Demo Before Download” company is hoping to combat storage problems that many users face.
“For the biggest apps and games in the world, things like 'Fortnite' are three gigabytes in file size, so that's like 10 minutes just of download it to even get in,” Buskas said. “Why can’t you just start playing it right away to see what the fuss is all about?”
For full interview [click here](https://cheddar.com/videos/apponboard-demo-before-you-download).
James Gallagher, CEO and Co-Founder of GreenLite, discusses the challenges of rebuilding the fire-affected LA area and how permitting complicates the process.
Super Bowl Champion, Julian Edelman, talks Chiefs' conspiracies, his fave TSwift song and his bet for Super Bowl LIX. Plus, the best time for a bathroom break.
Ron Hammond, Sr. Director of Government Relations at the Blockchain Association, breaks down Trump’s plan to strengthen U.S. leadership in financial technology.
BiggerPockets Money podcast is now available on Cheddar Wednesdays at 10am ET! Mindy Jensen shares how her podcast is helping people gain financial freedom.
The social video platform's future remains in doubt, as players scramble to profit from the chaos. Plus: Big oil gets bigger, DOGE downsizes, and tariffs!
Ty Young, CEO of Ty J. Young Wealth Management, joins Cheddar to discuss Trump's moves as he returns to Washington D.C. and how it may affect the U.S. economy.
Starbucks’ decision to restrict its restrooms to paying customers has flushed out a wider problem: a patchwork of restroom use policies that varies by state and city. Starbucks announced last week a new code of conduct that says people need to make a purchase if they want to hang out or use the restroom. The coffee chain's policy change for bathroom privileges has left Americans confused and divided over who gets to go and when. The American Restroom Association, a public toilet advocacy group, was among the critics. Rules about restroom access in restaurants vary by state, city and county. The National Retail Federation says private businesses have a right to limit restroom use.
President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.
Chris Ruder, Spikeball Founder and CEO, explains how he and his friends put roundnet on the global map, plus, how Spikeball helps people "find their circle."