A new social networking website is on the scene.
But this time it's one that has the ability for live video-broadcasting to an audience as big as you want.
It combines the social element of Facebook, broadcast element of YouTube and the live one-to-one contact of Skype, its creators say.
And it will soon test investor appetite for risk-taking by seeking cash from those who want to take part in its sharemarket listing.
Kondoot is the brainchild of two University of Queensland graduates who saw a gap in the social networking market.
Conceived two years ago when co-founders Mark Cracknell and Nathan Hoad were studying information technology, Kondoot is about to go public with more than 80 million shares offered in a bid to raise $10 million.
Mr Cracknell, also the company's executive director, says the website has the potential to surpass Facebook and YouTube in the popularity stakes.
Mr Hoad and Mr Cracknell wanted to create a single platform, instead of having to go to one site for videos, another to chat to friends and another to share content.
The latest feature, which the two say is unique to Kondoot, is the broadcasting system.
Video calls are built into the browser, but users can also conduct large-scale broadcasting, which is where Cracknell says the product offers something new.
"Rather than just doing a one-to-one call you can sit back and broadcast to 100,000," Mr Cracknell said.
Subscribers will be able to create broadcasts that can be beamed around the world.
Seminar speakers can sell tickets to a global audience and Kondoot will take a slice of the price.
He also sees potential for growth in education, business and government.
Signing up is free and for individual users the video broadcast element is free but if they want to make money from their broadcast by selling tickets to the event, Kondoot will keep a share of the profit.
The paid broadcast helps support the free activity but Kondoot is about to release and advertising system that will come online in the next few months.
"One thing we've said right from the beginning is we'll take Kondoot where its users want to take it," Mr Cracknell said.
"If we see people moving into education we can cater to that, we've been approached by businesses.
"We don't want to specialise in one particular area."
Kondoot has established a global network and reaches subscribers in more than 135 countries but Mr Cracknell will not reveal how many individual subscribers he has.
Keep reading - next article