The document discusses developing a mobile app called Spotlight that uses user recognition technology and beacons to help people find places to go out based on their location and time of day. The app would provide personalized offers to users that they could share with friends, benefiting both customers and businesses by increasing sales. It notes opportunities in the industry like the large number of coupons promoted and redeemed annually in the US as well as demand from users wanting deals and willing to share data in exchange for offers. The startup has experience researching technologies like beacons and implementing beacon-based solutions for retailers. The proposed app would allow users to find offers near them, invite friends to events, and help businesses understand customers through aggregated data