{"data":{"type":"company_profile","id":8823,"entity_id":"wefunder:company:8823","attributes":{"canonical_url":"https://wefunder.com/circlemedical","generated_at":"2026-06-23T10:33:47Z","updated_at":"2026-06-23T05:01:10Z","entity_ids":{"company":"wefunder:company:8823","slug":"wefunder:company_slug:circlemedical"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-23T10:33:47Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-23T05:01:10Z","as_of":"2026-06-23T10:33:47Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-23T05:01:10Z","as_of":"2026-06-23T10:33:47Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2026-06-23T05:01:10Z","as_of":"2026-06-23T10:33:47Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2026-06-23T05:01:10Z","as_of":"2026-06-23T10:33:47Z","confidence":"medium"}}},"company":{"id":8823,"entity_id":"wefunder:company:8823","slug":"circlemedical","name":"Circle Medical","tagline":"Artificial intelligence assisted medical care ","elevator_pitch":"We're building a new kind of primary care practice that uses artificial intelligence to remodel the patient experience. Our technology\u0026nbsp;assists and automates physician's decisions, which reduces the cost of care and delivers better outcomes for patients. We graduated from Y Combinator in 2015, tripled our growth this year, and expect to triple again next year. With our practice steeped in scalable tech, we're poised to take on a greater chunk of the $300B primary care market.\u0026nbsp;","description":"What they do: Circle Medical is a full scale medical office that comes to you, paid for by your insurance. Patients use an app to scan in their insurance card and book an appointment with a doctor of their choice at their home or work. Circle Medical handles everything from check-ups to blood tests right in the comfort of your living room or office. Why it’s a big deal: 75% of doctor visit costs go to the office. Circle Medical can pay doctors $140 an hour (more than they’d make in a traditional practice) while earning $60 for itself. It already has three full-time doctors in SF and is considered in-network for over 97 percent of patients in California who have private insurance. To acquire users, it has a workplace program where employers block out time for multiple employees to see a Circle Medical doctor. It’s breaking into the $300 billion a year primary care market for just $5 per new user.","website":"https://www.circlemedical.co/","total_amount_raised":520778,"total_investors":526,"is_funded":true,"is_active":true,"quality_score":4,"related_urls":["https://wefunder.com/circlemedical","https://www.circlemedical.co/"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/8823/xxl_cropped_Screen_Shot_2018-07-18_at_5.38.24_PM.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/8823/large_10405612_994888020534258_7350856094648084491_n.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/8823/standard_cropped_Screen_Shot_2018-07-18_at_5.38.24_PM.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/8823/standard_cropped_Screen_Shot_2018-07-18_at_5.38.24_PM.jpg"},"links":{"company_url":"https://www.circlemedical.co/","twitter_url":"http://twitter.com/circlemd","facebook_url":"https://www.facebook.com/circlemedical/","youtube_url":"https://www.youtube.com/channel/UCZhwOoDyVHg_lw1kJiIt0Kg","blog_url":"https://blog.circlemedical.com/"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"3x revenue growth this year; on track to 3x again next year."},{"index":2,"claim_id":"claim-fact-2","value":"Raised $2.9M in first round from Y Combinator, Paul Buccheit (Gmail creator), Jawed Karim (YouTube Founder)."},{"index":3,"claim_id":"claim-fact-3","value":"Now raising second round. Already closed $3.5M from SV Angel (Ron Conway) and A.Capital."},{"index":4,"claim_id":"claim-fact-4","value":"Y Combinator S15 graduate."},{"index":5,"claim_id":"claim-fact-5","value":"7x the margin of traditional primary care."},{"index":6,"claim_id":"claim-fact-6","value":"100+ corporate customers, including companies like General Electric, Twitch, Hilton, Atlassian, 23andMe, and others."},{"index":7,"claim_id":"claim-fact-7","value":"In-network for 99% of patients in California by working with Anthem, Aetna, Cigna, United Healthcare,\u0026nbsp;Blue Shield of California, and others."},{"index":8,"claim_id":"claim-fact-8","value":"Our AI technology is fed by 10k medical records and 15k chat conversations."}],"team":[{"id":288367,"entity_id":"wefunder:company_role:288367","role":"employee","name":"Tom Ronay, MD","title":"Medical Director","bio":"Medical Director at California Medical Detachment for 6+ years.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/288367/square_cropped_tom_ronay.jpg?1536871147","linkedin_url":"https://www.linkedin.com/in/tom-ronay-16a16441/","related_urls":[]},{"id":287341,"entity_id":"wefunder:company_role:287341","user_entity_id":"wefunder:user:160186","role":"founder","name":"George Favvas","title":"CEO and Co-founder","bio":"YC S15. Founder of PerkHub, SmartHippo (acq RateZip). Early employee at Radialpoint ($300M exit).","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/160186/large_cropped_george.jpg?1536871147","profile_url":"https://wefunder.com/georgefavvas2","personal_url":"http://circlemedical.com","linkedin_url":"https://www.linkedin.com/in/georgefavvas","related_urls":["https://wefunder.com/georgefavvas2","http://circlemedical.com"]},{"id":292717,"entity_id":"wefunder:company_role:292717","role":"employee","name":"Bianca Vivas","title":"Lab Director and Director of Clinical Operations","bio":"Degree in Clinical Laboratory Science and Medical Technology from City College of San Francisco","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/292717/square_cropped_bia.jpg?1536871147","linkedin_url":"https://www.linkedin.com/in/bianca-vivas-029471166","related_urls":[]},{"id":288365,"entity_id":"wefunder:company_role:288365","role":"employee","name":"Cassandra Choi, RN","title":"Director of Operations","bio":"9 years healthcare experience and a passion for innovation, experience in health technology industry","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/288365/square_cropped_cassie.jpg?1536871147","linkedin_url":"https://www.linkedin.com/in/cassandrachoirn/","related_urls":[]},{"id":40615,"entity_id":"wefunder:company_role:40615","role":"founder","name":"JS Boulanger","title":"Co-founder and CTO","bio":"YC S15. Co-founder at PerkHub, CodaPay (acq. PayNearMe). MS Comp. Sci from McGill.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/40615/square_cropped_js.jpg?1536871147","linkedin_url":"https://www.linkedin.com/in/jsboulanger/","related_urls":[]},{"id":292719,"entity_id":"wefunder:company_role:292719","role":"employee","name":"Patrick Rolfsen","title":"Operations","bio":"Former Operations Analyst- LendingHome, Background in technology, project management, process design","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/292719/square_cropped_pat.jpg?1536871147","linkedin_url":"https://www.linkedin.com/in/patrickrolfsen/","related_urls":[]},{"id":301210,"entity_id":"wefunder:company_role:301210","role":"employee","name":"Ilana Seidell, MD, ABOIM","title":"Doctor, Family and Integrative Medicine","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/301210/square_cropped_ilana.jpg?1536871147","related_urls":[]},{"id":301212,"entity_id":"wefunder:company_role:301212","role":"employee","name":"Gabriel Benmergui","title":"Product Engineer","bio":"Formerly Senior Frontend Developer at Scribd (YC S06). Internationally ranked Go player.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/301212/square_cropped_gabriel_benmergui.jpg?1537816413","linkedin_url":"https://www.linkedin.com/in/gabriel-benmergui-a64a5b28/","related_urls":[]},{"id":301211,"entity_id":"wefunder:company_role:301211","role":"employee","name":"Nicole Tsang, DO","title":"Doctor, Family Medicine","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/301211/square_cropped_nicole_tsang.jpg?1536871147","related_urls":[]},{"id":331784,"entity_id":"wefunder:company_role:331784","role":"employee","name":"Sarah Bradbury","title":"Care Coordinator","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/331784/square_cropped_sarah.jpg?1537853279","related_urls":[]},{"id":331785,"entity_id":"wefunder:company_role:331785","role":"employee","name":"Krystina Patel","title":"Clinical Assistant","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/331785/square_cropped_krys.jpg?1537853328","related_urls":[]},{"id":331786,"entity_id":"wefunder:company_role:331786","role":"employee","name":"Millad Mohlenhoff, PA-C","title":"Physician Assistant","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/331786/square_cropped_millad.jpg?1537982393","related_urls":[]},{"id":331787,"entity_id":"wefunder:company_role:331787","role":"employee","name":"Tonya Hoffman, MD, ABOIM","title":"Doctor, Family \u0026 Integrative Medicine","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/331787/square_cropped_tonya.jpg?1537853408","related_urls":[]},{"id":331788,"entity_id":"wefunder:company_role:331788","role":"employee","name":"Jennifer Herrera, PA-C","title":"Physician Assistant","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/331788/square_cropped_jen.jpg?1537853448","related_urls":[]}],"featured_investors":[],"investor_memos":[],"tab_counts":{"posts":0,"ask_questions":83,"featured_investors":0,"faq_entries":5},"active_fundraises":[],"recent_posts":[],"q_and_a":[{"id":171526,"entity_id":"wefunder:comment:171526","question":"Where and how do I sell my investment in circle medical.","author_name":"Huldah Pierre","votes":2,"created_at":"2021-09-28T17:59:35Z","canonical_url":"https://wefunder.com/circlemedical#question-171526","answers":[]},{"id":52328,"entity_id":"wefunder:comment:52328","question":"Update? News? Thanks","author_name":"William Holman","votes":2,"created_at":"2019-05-08T02:46:25Z","canonical_url":"https://wefunder.com/circlemedical#question-52328","answers":[]},{"id":51572,"entity_id":"wefunder:comment:51572","question":"Hi George, haven't seen an update since January. When will you post another update? Thanks!","author_name":"Johan Eriksson","votes":2,"created_at":"2019-04-29T16:06:43Z","canonical_url":"https://wefunder.com/circlemedical#question-51572","answers":[]},{"id":37973,"entity_id":"wefunder:comment:37973","question":"Hello. I am looking at the proposed amendments to the subscription agreement and have two questions: 1) how likely is it that/ do you intend to repurchase the shares as you grow? Is it your intention - broadly speaking and acknowledging that no-one has a crystal ball - to let seed investors participate until an IPO or change of control event? You have elsewhere in the agreement rights that allow you to force an ipo or a sale in case of change of control. So your repurchase rights are really there to kick seed investors out and replace them with ‘more interesting’ investors without falling within the scope of some US securities regulations. I am keen to understand based on your planned future raises what your intention and expectation is (no need for the legal explanation; I am keen to hear about the intention and expectation); 2) are all investors coming in at this valuation/ round being subjected to the same subscription agreement or did you engage in different/ side deals with some but not all? Many thanks, Gianluca.","author_name":"Gianluca Gera","votes":2,"created_at":"2019-03-20T08:26:04Z","canonical_url":"https://wefunder.com/circlemedical#question-37973","answers":[{"id":38013,"entity_id":"wefunder:comment:38013","answer":"Hi Gianluca, Answers below, with the understanding as you say that we don't have a crystal ball and could encounter different scenarios in the future: 1) Our intention is not to repurchase the crowdfunding shares unless they become a blocker to a transaction. The main risk would be if we were acquired for stock and had more than 35 unaccredited investors on our cap table. (The Crowdfunding campaign would add several hundred.) This would impose an additional burden on the acquirer and they may not want to jump through the SEC compliance and make the required public filings. An investor in a future round might also back out due the above risk, as it would reduce some of the potential for an exit. 2) The accredited investors have the same economic terms, but are not subject to the proxy or the automatic right of repurchase. At the $500k level or above, investors have been granted major investor status, which also gives them information rights, board observer status and well as pro-rata rights. Finally, we have a small number (3, I believe) of early/significant accredited investors who have been granted pro-rata rights despite falling short of the major investor threshold. I should add that the accredited investors invested several months ago when we had substantially less traction. My personal opinion is that providing the same economic terms to Crowdfunding investors today is both the right thing to do (since it's not their fault the closing was held up) and also a very good deal. I hope this answers your questions; please let me know if you still have any.","author_name":"George Favvas","votes":2,"created_at":"2019-03-20T18:49:25Z"}]},{"id":31930,"entity_id":"wefunder:comment:31930","question":"Hello, I really like this idea and will invest a bit. As an epidemiologist though, I'm curious about something. Have you considered using the AI to identify potential disease outbreaks and/or epidemiological risk factors for specific diseases? I can see great potential here for epidemiological research and public health interventions, and doing these things shouldn't require any extra data collection.","author_name":"Trevor Farthing","votes":2,"created_at":"2018-12-15T01:23:05Z","canonical_url":"https://wefunder.com/circlemedical#question-31930","answers":[]},{"id":184488,"entity_id":"wefunder:comment:184488","question":"Hi Team, Recently saw Circle has reported 195% growth from Last year - congratulations. Could you please share on terms of buyback that you have signed with WELL which kicks in 3 years from now? Thank you","author_name":"Chirag Bhatia","votes":1,"created_at":"2021-12-19T06:22:14Z","canonical_url":"https://wefunder.com/circlemedical#question-184488","answers":[]},{"id":160467,"entity_id":"wefunder:comment:160467","question":"Should I be getting a stock certificate","author_name":"Dr. Johan Nowack","votes":1,"created_at":"2021-07-29T22:27:15Z","canonical_url":"https://wefunder.com/circlemedical#question-160467","answers":[]},{"id":160140,"entity_id":"wefunder:comment:160140","question":"George, I also invested with Wefunder and did not convert any of my shares into Well Health. Can you provide any updates in Circle's status? Will there be another opportunity to convert to Well Health shares?","author_name":"Gerardo Pardo-Castellote","votes":1,"created_at":"2021-07-28T01:34:14Z","canonical_url":"https://wefunder.com/circlemedical#question-160140","answers":[]},{"id":152091,"entity_id":"wefunder:comment:152091","question":"It's June 2021 how's the merger going and what's the plan for the future.","author_name":"Michael Rains","votes":1,"created_at":"2021-06-01T22:24:28Z","canonical_url":"https://wefunder.com/circlemedical#question-152091","answers":[]},{"id":110156,"entity_id":"wefunder:comment:110156","question":"George, I invested through Wefunder, but I'm also an accredited investor. What do I need to do to convert my Circle Medical shares to the Well Health technology shares? Also, for the others that are not accredited investors, what happens to their circle medical share if they don't accept offer, and what happens to the other 50% of shares for those that do accept offer.","author_name":"Frederick Stevenson","votes":1,"created_at":"2020-10-13T15:18:56Z","canonical_url":"https://wefunder.com/circlemedical#question-110156","answers":[]},{"id":109501,"entity_id":"wefunder:comment:109501","question":"Hello George, Just wanted to know the progress on the share sale to Well health technologies. What is the next step for us shareholders. Thanks Ravin","author_name":"Ravin Mehra","votes":1,"created_at":"2020-10-08T16:08:14Z","canonical_url":"https://wefunder.com/circlemedical#question-109501","answers":[]},{"id":97720,"entity_id":"wefunder:comment:97720","question":"updates","author_name":"William Holman","votes":1,"created_at":"2020-07-13T17:15:27Z","canonical_url":"https://wefunder.com/circlemedical#question-97720","answers":[]},{"id":61543,"entity_id":"wefunder:comment:61543","question":"How do we obtain the carta certificates?","author_name":"Rossni Presendieu","votes":1,"created_at":"2019-09-03T08:57:26Z","canonical_url":"https://wefunder.com/circlemedical#question-61543","answers":[]},{"id":59934,"entity_id":"wefunder:comment:59934","question":"It's a Warning, If we do not receive our share and our investment back, we WILL FILE A COMPLAINT TO LEGAL INSTITUTIONS AGAINST Circle and I URGE WEFUNDER TO LOOK INTO THIS MATTER. I will not let my $500 (which was saved for the future tuition invested so it could help me pay my fees.) TO THESE SCAMMERS. Dear Investors, Please help us with this. We need to take action. WeFunder must let us know what we should do next, as we all being scammed by them! Please assist us.","author_name":"Muhammad A Aftab","votes":1,"created_at":"2019-08-18T20:17:38Z","canonical_url":"https://wefunder.com/circlemedical#question-59934","answers":[]},{"id":59933,"entity_id":"wefunder:comment:59933","question":"It's a Warning, If we do not receive our share and our investment back, we WILL FILE A COMPLAINT TO LEGAL INSTITUTIONS AGAINST Circle and I URGE WEFUNDER TO LOOK INTO THIS MATTER. I will not let my $500 (which was saved for the future tuition invested so it could help me pay my fees.) TO THESE SCAMMERS. Dear Investors, Please help us with this. We need to take action. WeFunder must let us know what we should do next, as we all being scammed by them!","author_name":"Muhammad A Aftab","votes":1,"created_at":"2019-08-18T20:17:23Z","canonical_url":"https://wefunder.com/circlemedical#question-59933","answers":[]},{"id":56742,"entity_id":"wefunder:comment:56742","question":"Update?","author_name":"William Holman","votes":1,"created_at":"2019-07-07T19:22:30Z","canonical_url":"https://wefunder.com/circlemedical#question-56742","answers":[]},{"id":38387,"entity_id":"wefunder:comment:38387","question":"Thank you for your answer George. I have a follow-up question which is: if I understood correctly the legal doc, you have the intention to regroup the wefunder investors into one vehicle that would intermediate us and allow to reduce the hundreds of single individuals to a single entry into your cap table. Wouldn’t that address the concerns you highlight about number of entries and therefore allow investors to stay on until ‘the end’ like the larger ones? Thank you.","author_name":"Gianluca Gera","votes":1,"created_at":"2019-03-21T21:52:21Z","canonical_url":"https://wefunder.com/circlemedical#question-38387","answers":[{"id":38416,"entity_id":"wefunder:comment:38416","answer":"Hi Gianluca. What are you referring to is the idea of rolling up all the crowdfunding investors into what’s called a Special Purpose Vehicle. This would indeed solve the issue.\u0026nbsp;Unfortunately, this is currently illegal. There have been proposals\u0026nbsp;to change this, but none of them have become law and this may never happen. Our investment documents allow us to roll the Crowdfunding investors into an SPV in the future,\u0026nbsp;should this become legal.","author_name":"George Favvas","votes":0,"created_at":"2019-03-21T22:32:13Z"}]},{"id":30809,"entity_id":"wefunder:comment:30809","question":"I am a physician in Colorado. Are you looking for other physicians outside CA to join your team?","author_name":"Ben George","votes":1,"created_at":"2018-11-23T20:51:48Z","canonical_url":"https://wefunder.com/circlemedical#question-30809","answers":[{"id":30841,"entity_id":"wefunder:comment:30841","answer":"Yes! I'll reach out over LinkedIn.","author_name":"George Favvas","votes":2,"created_at":"2018-11-24T17:56:01Z"}]},{"id":29591,"entity_id":"wefunder:comment:29591","question":"Excited for your potential. Seems well thought out. If you could share a little deeper on a couple things, would greatly appreciate it. 1. $126M in five years is an enormous jump in sales. Of course it sounds good. Can you share more your strategy to get to that level? 2. Related to first question, are you going to open B\u0026amp;M in all your markets, or start to lean on the software aspect more so. If the latter, how will you attract companies only offering online support--still a completely different way to do things a lot of the Country may not be up to yet. 3. I like that you also plan to sell your software to others--I assume using a SAAS model. Perhaps with the ability to gain more information. 4. What is your runway with these funds? I too would think you could get VC at this point with a proven model.","author_name":"Jeremy Siders","votes":1,"created_at":"2018-10-28T01:45:55Z","canonical_url":"https://wefunder.com/circlemedical#question-29591","answers":[{"id":31101,"entity_id":"wefunder:comment:31101","answer":"1. This is based on the combined revenue from brick and mortar and pop-up clinic in 11 markets we anticipate operating in. (Our launch market is currently at just under $3M in annual revenue and is on track to hit $10M annualized revenue by the end of next year.) 2. The software will become a larger component over time, but our projections are based on revenue from us operating the medical practice. 3. Exactly. 4. We expect to get to profitability with these funds, and we did in fact raise from VC's as part of this raise.","author_name":"George Favvas","votes":0,"created_at":"2018-11-29T22:48:05Z"}]},{"id":28517,"entity_id":"wefunder:comment:28517","question":"You are selling preferred shares. Do they come with a dividend? And do you intend to buy them back or allow us to remain as investors long-term?","author_name":"Craig J. Vom Lehn","votes":1,"created_at":"2018-10-04T16:11:48Z","canonical_url":"https://wefunder.com/circlemedical#question-28517","answers":[{"id":28570,"entity_id":"wefunder:comment:28570","answer":"The preferred shares come with liquidation preferences over the common stockholders. We are not planning a buy-back at this time, but there is a provision allowing the company to buy back the shares for either 3x the purchase price or fair market value (whichever is greater) if the number of investors exceeds the regulatory threshold.","author_name":"George Favvas","votes":1,"created_at":"2018-10-05T05:00:44Z"}]},{"id":295179,"entity_id":"wefunder:comment:295179","question":"\"Circle Medical has retained JP Morgan as exclusive financial advisor to explore strategic options to fuel its next phase of growth.\" https://www.prnewswire.com/news-releases/well-healths-circle-medical-provides-corporate-update-exceeds-100m-usd-revenue-run-rate-with-profitability-and-positions-for-further-growth-302220742.html","author_name":"Longkill Group LLC","votes":0,"created_at":"2024-10-26T19:12:02Z","canonical_url":"https://wefunder.com/circlemedical#question-295179","answers":[]},{"id":289180,"entity_id":"wefunder:comment:289180","question":"How can I sell my shares?","author_name":"Roxanne Shell","votes":0,"created_at":"2024-07-30T22:47:23Z","canonical_url":"https://wefunder.com/circlemedical#question-289180","answers":[]},{"id":189577,"entity_id":"wefunder:comment:189577","question":"Several people have asked questions but there are no responses thus far. Very irresponsible in my view.","author_name":"P Barbonis","votes":0,"created_at":"2022-01-24T16:09:46Z","canonical_url":"https://wefunder.com/circlemedical#question-189577","answers":[]},{"id":109815,"entity_id":"wefunder:comment:109815","question":"Do we have to accept the deal .80 for 50% that’s not cool.","author_name":"Chettan Parker","votes":0,"created_at":"2020-10-10T08:15:20Z","canonical_url":"https://wefunder.com/circlemedical#question-109815","answers":[]},{"id":108808,"entity_id":"wefunder:comment:108808","question":"Well as it turns out, WeFunder investors were not given the same terms as accreted investors. I've got an offer to get out at $0.80 cash and no option to get shares in Well Health. Accreted investors are able to get .22 shares of Well Health stock per share of Circle Medical. Since Well Health is trading at $5.30 I'd rather have the Well Health stock. Buying in at $0.73 and getting taken out at $0.80 kind of feels like the WeFunder investors are treated as 'expendable' and makes the crowdfunding industry look bad.","author_name":"Darron Kitterman","votes":0,"created_at":"2020-10-02T15:12:10Z","canonical_url":"https://wefunder.com/circlemedical#question-108808","answers":[]}],"faq":[{"question":"I would like to see revenue trends by month since January 2018 before I invest. Can you share this?","answer":"1/18: $109,151 2/18: $104,853 3/18: $117,879 4/18: $126,693 5/18: $125,347 6/18: $111,880 7/18: $93,871 8/18: $110,119 9/18: $161,108 10/18: trending to surpass $210,000"},{"question":"You are selling preferred shares. Do they come with a dividend? And do you intend to buy them back or allow us to remain as investors long-term?","answer":"The preferred shares come with liquidation preferences over the common stockholders. We are not planning a buy-back at this time, but there is a provision allowing the company to buy back the shares for either 3x the purchase price or fair market value (whichever is greater) if the number of investors exceeds the regulatory threshold."},{"question":"Do you have voting shares?","answer":"Due to the number of investors we expect to participate in this campaign, the Wefunder investment agreement provides for the investor to appoint the CEO as their proxy."},{"question":"According to Circle Medical's Form C, gross margins have been negative. I understand you guys are in the early stages, but where does the \"7x gross margin of traditional primary care\" come from? Thanks!","answer":"The reviewed financials as part of our Form C cover 2016 and 2017. We did in fact have negative margins then. Our margins for the last three months we have data for (June, July and August 2018) are 44.9%, 57.3% and 27.9% respectively."},{"question":"Do you intend to pay a dividend and what’s your exit?","answer":"We do not intend to pay a dividend at this time. We plan to exit via acquisition or IPO many years from now."}]}}}