MemoryFlicks is a startup that aims to create, store, and share short videos and live events through a patent-pending process. It will offer uploading, editing, and sharing of videos and photos for storage on a web server. Users can choose to share content with others through various delivery methods. The business model involves setting up focused websites for sports and hobbies to attract specific user groups and advertisers. Main revenue sources will come from subscriptions and advertising on the sites and during content sharing. If successful, MemoryFlicks has the potential for viral growth through engaged users sharing content within their communities.