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LettsGroup NewsFlash - October 2024


October newsflash from LettsGroup and its Ventures

LettsGroup HQ

In October LettsGroup's AI VentureFactory was offered in limited release to select 3rd party startups, scale-ups and corporate incubators. Already utilised by LettsGroup's own branded ventures, the AI VentureFactory is now ready to co-pilot outside companies. Its startup methodology, venture building tools and processes, are proven over many years and with multiple tech-driven startups. It can transform both innovation delivery and financing - doubling venture success rates while considerably enhancing returns. Businesses beyond Seed investment and venture backers can register at https://letts.group/register/. Also this month the team has been expanding its software suite with investor management and comms capabilities. Next up is transactional extensions which will provide interesting new opportunities for entrepreneurs and investors.

LettsCore

LettsCore's tech team have been working on its content monetisation and customer subscription system as it moves to wider commercial release, developing subscription plans (partnering with Stripe), and setting pricing contracts for each piece of content - both perpetual licenses and pay per view contracts. These are working nicely - particularly pay per view which decrements wallet balances in real time as content is viewed. This opens up opportunities for content owners and creators to offer their content to AI LLM learning engines, that can be charged each time the content is utilised in the learning process. November will be finalising the UX flow for the SaaS front end and developing the approach to NFT auto-distribution onto 3rd party marketplaces. At the same time, LettsCore's first corporate customer is expanding its roll-out while the blockchain-based distributed media platform is getting ready to onboard its second corporate customer.

LettsCore Content Monetisation - screenshot
LettsCore Content Monetisation - screenshot

LettsNews

LettsNews is also busy readying for wider beta release to targeted journalists, corporate comms and PR firms. The team is getting its mobile app ready for wider release into the Google Play and Apple App stores while enhancing the web app. Over the last 6 months the private beta has delivered enough feedback to build a robust commercial V1 offering earlier than expected. The way in which LettsNews handles the news content process from gathering news, to publishing and auto-distribution is both highly efficient and innovative. The Team functionality links this process from corporate content managers to PR's and selected journalists and news publishers which can drive significant efficiencies across the industry. The next leg of the product to V2 will deliver AI enhancements and content monetisation with a news item content store. The combination could prove to be quite pivotal for its users.

LettsArt

LettsArt has approaching 700 art and artist galleries using its no-code AI platform with over 2,000 users in total. Various enhancements across its AI capabilities and art community features mean that LettsArt V2 is now ready for prime time - going from startup to scale-up and into Stage 4 of LettsGroup's venture building methodology Innov@te. In preparation, LettsArt has developed an algorithm to highlight some of its featured gallery users and is also readying for a mixed-gallery display of featured art from some of its leading gallery customers.

Galleries Powered by LettsArt screenshot
Highlighting leading LettsArt gallery users

LettsSafari and LettsRetreat

LettsGroup's two emerging eco ventures have made solid strides in October. LettsSafari has just kicked off its first digital ad campaign expanding its paid subscribers and commercial KPI's in advance of wider market expansion later in 2025. It has started working with Wimbledon Park, amongst others, to develop a network for historic tree seed banks across the UK with other well known parks. LettsRetreat has just launched an innovative subscription membership programme ideally suited for organisations interested in eco retreats for their teams and as incentives for top performing employees. Members can subscribe to eco retreat stays for 5 days a year for teams up to 14 people at just £399 per month - find out more here.

Other LettsGroup Ventures

We highlight a few of our ventures in each monthly edition of The LettsGroup NewsFlash. To explore other LettsGroup ventures go to LettsGroup/ventures.

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