A significant decrease in Vidywood’s income as a result of filtering; Will Videowood leave Iran?

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Dramatic decrease in Vidywood income as a result of filtering It became a problem. 78% of the income of this startup has decreased and the news indicates that this startup is leaving Iran.

Tapsel company, statistics about The definitive effect of internet and filtering on online advertising It was presented in the form of a file. This case refers to the damages that have been caused to the digital economy as a result of the unfavorable and unstable state of the Internet. Next, the series obtained statistics about the significant decrease in Widwood’s income as a result of filtering.

Read more: Two billion tax exemption for internet businesses if they migrate to the domestic platform!

Dramatic decrease in Vidywood income as a result of filtering

Vidywood, as an online video maker, allows users to create motion graphics in the fastest possible time and with very high quality offline with little knowledge and without spending a lot of money.

Dramatic decrease in Vidywood income as a result of filtering
Dramatic decrease in Vidywood income as a result of filtering

In 1996, the idea of ​​this program was presented to Dimond Accelerator by the Widy Wood team, and in the course of this idea, it was able to attract capital from this group. Finally, after a year of focusing on the technical part of this project, they were able to launch it. This product quickly within 6 months after the launch and passing the break-even point, was able to continue its activity for a year as a bootstrap without the need for capital.

The CEO of Vidywood, Yashar Rakei, said about the initial idea of ​​this startup:

Our initial idea was to provide a service where the user can provide any video they need with the possibility of extensive editing. But due to its time and cost, we decided to achieve it in two versions.

In its first version, which is limited, this collection offered templates to the user so that he could create his desired video by changing 15-20% of the content. In the second version, which is complete, it offers users the ability to produce any video with the desired scenario, director and duration. According to these conditions, about 70% of the possibility of video editing is provided to the user.

This startup had attracted capital from Smartap in 1400 to be able to run the full version of Vidywood, and the efforts continued to the point where in one step of launching the startup, the internet was cut off and international sites were filtered.

Dramatic decrease in Vidywood income as a result of filtering
Dramatic decrease in Vidywood income as a result of filtering

Due to the recent restrictions on the country’s Internet, the significant decrease in Vidywood’s income has caused problems as a result of filtering. The income of this startup has decreased by 78% and heavy damages have been caused to this new startup.

Rakei explains about other damages:

We were less than a week away from the launch! We had spent all our financial resources to bring the product to the market quickly. Our team of four had become a first-class family of 30 people. There was one step left to see the result of all these day and night efforts, to compensate for our financial limitations, to reach something that we had nurtured the idea of ​​in our minds for five years and we had worked passionately to achieve it… which became the light of the economy overnight. They turned off the digital! And now that I am talking to you, there is no more news about that team, nor that company!

Another damage caused to the startup was that the income of 9,000 people who were earning money through Vidyawood was reduced by 90%.

The managing director of Vidy Wood considers the loss of the group that was formed all these years to be the most important damage:

The most important damage done to Didiwood was the loss of the first-class team with which we could achieve all our goals. This is the biggest problem for which I am sad. We had to adjust the entire team and now the same team of four founders remained, accordingly we handed over the company and put all its equipment up for sale to pay the debts and wages of the children.

Rakei reacted to the loss of active human resources in the field of digital economy and said:

I say frankly that I have not lost anything. During several years of being an entrepreneur, I gained a lot of experience, learned, and worked and made friends with the pure people of Oxystem. We are so desperate to save ourselves from this catastrophic event. But I am saddened by the country and the system that is eager to destroy its valuable people.

Dramatic decrease in Vidywood income as a result of filtering

According to the current situation, the managing director of Vidy Wood, by selling the company’s property, is seeking to pay the debts and wages of the employees in order to keep his business alive and take this startup out of Iran.

Read more: Satra announced a comprehensive review of VOD content

He said in this regard:

We decided to move Vidywood out of Iran, because our business model is SAAS, and we have the full technical ability to compete with global competitors, we are trying to change our location and focus on providing services to customers between Focus internationally.

Rakei reacted to the loss of valuable human resources and said:

We are talking about people who have been working for years and today, not only has there been no difference from the first day they entered this field, but their hands are also empty. These specialists had started any other offline business in this country, so far they had set very different conditions for themselves. Where in the world do the people who are building the future of a country have such bad conditions? Every time I see LinkedIn’s open to work, my heart is on fire.

In spite of the conditions prevailing in Iran, the managing director of Vidy Wood, in response to the question whether you would still start your business in Iran, said:

Definitely not, we were building a tower on a sinking ship. I don’t know, we children of the startup ecosystem, even though we knew that sooner or later this calamity will come to us, and the Internet security and filtering plan is an inseparable part of this country, with what hope did we fight and try so hard? What is a wise decision in a situation where entrepreneurship is not valued in the digital economy?

It is noteworthy that, in this situation, due to its corporate social responsibility, Vidywood plans to make its services free for users for 15 days so that users can use the videos and products of this collection without paying any fees.

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