Why Backers of Skype and Google Bet On This App

Misha Benoliel, co-founder and CEO of Open Garden, discusses Firechat, an app that creates networks independent of traditional infrastructure. Firechat has been used in congested areas like Hong Kong and at large events such as music festivals. The app's network can support other applications and devices, making it relevant in the Internet of Things. Open Garden has secured significant investment to expand Firechat's user base and plans to monetize once a large user base is established.

What is the primary function of the Firechat app as described in the text?

How does Firechat create a network among users?

What are some of the events where Firechat was utilized?

What potential does the speaker see for Firechat in the Internet of Things?

What is the significance of the $10.8 million investment mentioned in the text?