Question 1

Hi. What are your revenue goals (not projections) for the next 5 years?

Accepted Answer

hi Leonardo,Nice to meet you. Our milestone goal this year is to launch the 2nd (and first complete enterprise) edition of our software platform this September and complete our two priority hires (1 engineer, 1 sales). We'll then shift into full commercial go-to-market from 3Q/4Q20 into 2021. Since the majority of our revenue is/will be subscription software agreements (ARR in annual contracts), our goal targets at this time are:2020: $150,0002021: $750,000 (large increase over 2020 but ...

Question 2

What are you 1 year, 3 year, 5 year goals? What other growth areas are in store for the company? When will it positive cash flow? What will the customer retention rate look like?

Accepted Answer

hi Alexander, good questions. Our top goal this year (Y1) is to iterate and improve product-market fit as best we can. We have a strong early product, are getting good feedback, and are gathering as much customer intelligence as we can to prioritize our roadmap and increase acquisition, usage, retention, and referrals. In particular, we've built a good data pipeline and logging foundation to engineer analytics reporting on top of, so now our focus is shifting from internal data capture to dat...

Question 3

Hi Chris, Big fan of the logo, it really catches the eye. Couple questions below: 1) The investor in the convertible notes - is this an individual or a fund? 2) Has Brightest met conditions to tap the second tranche of the note? If so, does it plan to do so? 3) WF launch page ...

Accepted Answer

Jason, nice to meet you. Glad you like the logo. Want to email me to set up a time to talk? This is quite detailed and want to get you the info and disclosure you're looking for. I'm chris@brightest.io - thanks

Question 4

Hi - I have a few questions. 1. Can you provide information about the type of metrics Brightest will focus on providing with regard to a an event's social impact? If Brightest does provide unique metrics, will these give you a competitive advantage over other social impact mea...

Accepted Answer

Hi Daniel, nice to meet you. Thanks for the questions. 1. We're creating a system that allows organizations to select their preferred measurement framework (ex: UN SDG, SASB), create a custom framework, or use one of our existing standards or profile-based frameworks, then map metrics and results to their chosen methodology. We do have good event-based analytics and measurement capabilities in the product today, but will increasingly differentiate ourselves via (a) modeling and analysis acros...

Question 5

Hi Chris,Without a doubt, there is a need for assessing and reporting social impact in all its forms. Accordingly we are seeing many such companies pop-up all over. I was wondering how different Is your software from this product as example? https://sustainables...

Accepted Answer

Hi Alexander, thanks for the question. I'm not intimately familiar with Sustainable Square and Squarely, but going through their materials and product video I see a few distinctions and differences: 1. One thing I look at when I'm researching competitors, partners, and other organizations is who works at the company. From Linkedin (https://www.linkedin.com/search/results/people/?facetCurrentCompany=%5B%222420965%22%5D), all of their employees are advisors, consultants, and data analysts, not ...

Brightest

Social Impact Software for Business & Non-Profits: High Growth During COVID-19

$55,018

Brightest

Quick facts

Team profiles

Featured investor profiles

$55,018

Ask