Ask HN: Can you critique my accelerator application video?

I applied for Innovyz START, an accelerator based in Adelaide, South Australia. My business is called Kicktone, and it's a spin-off of an existing music hosting site I have which has about 70,000 users.

As part of the application process, I had to record a quick three minute video describing the business and the opportunity it has. Here's what I made:

http://www.youtube.com/watch?v=S0cfqrlpbws

Any tips or pointers on what I could have improved, or what I should have done differently?

(Should I have waxed my increasingly unruly moustache?)