{"data":{"type":"company_profile","id":36054,"entity_id":"wefunder:company:36054","attributes":{"canonical_url":"https://wefunder.com/convesio","generated_at":"2026-06-04T02:33:37Z","updated_at":"2026-06-02T05:00:19Z","entity_ids":{"company":"wefunder:company:36054","slug":"wefunder:company_slug:convesio"},"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":"2026-06-04T02:33:37Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-02T05:00:19Z","as_of":"2026-06-04T02:33:37Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-02T05:00:19Z","as_of":"2026-06-04T02:33:37Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-06-07T23:31:02Z","as_of":"2026-06-04T02:33:37Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-06-07T23:31:02Z","as_of":"2026-06-04T02:33:37Z","confidence":"medium"}}},"company":{"id":36054,"entity_id":"wefunder:company:36054","slug":"convesio","name":"Convesio","tagline":"We make enterprise level WordPress website hosting available to everyone. ","elevator_pitch":"Convesio provides WordPress website agencies with a platform for hosting scalable WordPress websites without the complexity of traditional cloud providers. Convesio sites outperform traditional hosting providers, reducing client complaints. We simplify hosting, providing a high availability, secure and scalable platform for client sites and streamlined workflows for agencies. This\u0026nbsp;enables agencies to differentiate hosting and use it as a true selling point while maximizing hosting profits.","story":"What keeps you up at night? For a lot of website agency owners, it’s that ever-present anxiety that comes with managing client sites, and having to drop everything at a moment’s notice when a client calls, often at the worst possible times. It’s knowing that your client sites are vulnerable, and it’s that nagging worry in the back of your mind that your backups might not be working.As the founder of Convesio, I know this anxiety all too well. For the last two decades, I have been helping businesses establish and thrive online. Over the years, I have switched web hosts dozens of times, in hope that I would find a host that was as obsessive about uptime, performance, and security as I was. As technology progressed, it seemed like web hosting providers were frozen in time, with little motivation to truly innovate.Tired and frustrated, I decided to build it myself.I was committed to rethinking how a WordPress tech stack would operate. Every component needed to utilize the latest tech and be optimized to get every drop of performance out of WordPress. This would need to be custom built, no cPanel or out of the box server configuration or management tools. It needed to be simple to use, affordable, secure, and scalable, with the ability to handle millions of visitors per site. After thousands of hours, endless cups of coffee, and a too many sleepless nights, Convesio was born.Convesio is next generation of managed WordPress hosting; the first self-healing, autoscaling, platform-as-a-service for creating and managing WordPress sites.","location":"Walnut Creek","website":"https://convesio.com/","total_amount_raised":1086039,"total_investors":824,"is_funded":true,"is_active":true,"quality_score":4,"related_urls":["https://wefunder.com/convesio","https://convesio.com/"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/36054/xxl_cropped_Screen_Shot_2019-06-21_at_11.15.58_PM.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/36054/large_cropped_Convesio_Icon.png","header_media_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/36054/standard_cropped_Screen_Shot_2019-06-21_at_11.15.58_PM.jpg","cover_photo_url":"https://uploads.wefunder.com/uploads/company/header_media_photo/36054/standard_cropped_Screen_Shot_2019-06-21_at_11.15.58_PM.jpg","profile_video_url":"https://wefunder.wistia.com/medias/igg240g1uw"},"links":{"company_url":"https://convesio.com/","twitter_url":"http://twitter.com/convesio"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"WordPress runs 33.2% of the entire internet - approx 75M websites."},{"index":2,"claim_id":"claim-fact-2","value":"Managed hosting is expected to grow to $75.6B in 2020."},{"index":3,"claim_id":"claim-fact-3","value":"New technology, different from other managed hosting providers, at affordable prices."},{"index":4,"claim_id":"claim-fact-4","value":"Already built, in beta and has very happy users providing great feedback. Ready to go to market!"},{"index":5,"claim_id":"claim-fact-5","value":"Hosting 500+ websites, with more than 90 million requests per month, and increasing each day."},{"index":6,"claim_id":"claim-fact-6","value":"Deployed 5 clusters: 3 in N. America and 2 in the UK."},{"index":7,"claim_id":"claim-fact-7","value":"Enable design agencies to harness the power of cloud providers, like Amazon, without the headache, resources, or heavy price tag."}],"team":[{"id":427136,"entity_id":"wefunder:company_role:427136","user_entity_id":"wefunder:user:230956","role":"founder","name":"Thomas Fanelli","title":"Founder/CEO","bio":"Multiple Tech Startups, 1 Successful Exit \u0026amp; IPO and Extensive Hosting \u0026amp; WordPress Background. Executive Positions at Leading Technology Providers: SVP, RealPage (RP), VP Product, Deluxe (DLX).","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/427136/square_cropped_tom-fanelli.jpg?1613424938","profile_url":"https://wefunder.com/thomasfanelli","personal_url":"https://www.tomfanelli.com/","linkedin_url":"https://www.linkedin.com/in/tfanelli/","twitter_url":"https://twitter.com/tfanelli","related_urls":["https://wefunder.com/thomasfanelli","https://www.tomfanelli.com/"]},{"id":436824,"entity_id":"wefunder:company_role:436824","user_entity_id":"wefunder:user:231381","role":"founder","name":"Elizabeth Bochner","title":"Co-Founder, COO","bio":"Multiple Startups, Extensive Web Experience including Manager of Custom Websites at RealPage (RP) and Director, Product Management Strategy \u0026amp; Ops, at Deluxe (DLX).","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/436824/square_cropped_Elizabeth-Bochner.jpg?1644513399","profile_url":"https://wefunder.com/elizabethbochner","linkedin_url":"https://www.linkedin.com/in/elizabeth-bochner/","related_urls":["https://wefunder.com/elizabethbochner"]},{"id":484353,"entity_id":"wefunder:company_role:484353","role":"founder","name":"Dyutiman Chakraborty","title":"Co-Founder, Chief Architect","bio":"14 Years Experience in Node.JS, Docker Containers, Orchestration, and Server Automation.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/484353/square_cropped_dyutiman.jpg?1644513399","linkedin_url":"https://www.linkedin.com/in/dyutiman-chakraborty-289ab3155/","related_urls":[]},{"id":485036,"entity_id":"wefunder:company_role:485036","role":"employee","name":"David DeFino","title":"Engagement Manager","bio":"Over 15 years of WordPress support, content marketing, and social media 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management.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/485038/square_cropped_lori.jpg?1613424937","linkedin_url":"https://www.linkedin.com/in/lori-ivie-taylor-0b4339108/","related_urls":[]},{"id":485678,"entity_id":"wefunder:company_role:485678","user_entity_id":"wefunder:user:1402","role":"employee","name":"Scott Roberts","title":"Infrastructure Support Manager","bio":"15+ Years of server administration, support, and management so scalable WordPress systems.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/485678/square_cropped_scott-roberts.jpg?1613424939","profile_url":"https://wefunder.com/scottroberts","personal_url":"https://www.convesio.com","linkedin_url":"https://www.linkedin.com/in/stemaat/","related_urls":["https://wefunder.com/scottroberts","https://www.convesio.com"]},{"id":728276,"entity_id":"wefunder:company_role:728276","user_entity_id":"wefunder:user:285587","role":"employee","name":"Joe 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cap"}},"recent_posts":[],"q_and_a":[{"id":92770,"entity_id":"wefunder:comment:92770","question":"Any new updates on the company?","author_name":"Donald Joshua","votes":3,"created_at":"2020-06-08T22:38:26Z","canonical_url":"https://wefunder.com/convesio#question-92770","answers":[{"id":92772,"entity_id":"wefunder:comment:92772","answer":"Hi Joshua, we are just about to send out an invite for our Q2 Investor Summit, which will occur later this month.\u0026nbsp;","author_name":"Thomas Fanelli","votes":1,"created_at":"2020-06-08T22:43:54Z"}]},{"id":215578,"entity_id":"wefunder:comment:215578","question":"Any updates?","author_name":"Mario M Teel Jr.","votes":1,"created_at":"2022-08-16T22:08:27Z","canonical_url":"https://wefunder.com/convesio#question-215578","answers":[]},{"id":140749,"entity_id":"wefunder:comment:140749","question":"Its been a long time , I didn't heard any news. How are things? Is there any Q1 summit ahead?","author_name":"Siddartha Kethireddy","votes":1,"created_at":"2021-04-09T16:54:13Z","canonical_url":"https://wefunder.com/convesio#question-140749","answers":[]},{"id":73284,"entity_id":"wefunder:comment:73284","question":"Why is my investment not showing as confirmed? Thanks, Bruce","author_name":"Bruce Godbery","votes":1,"created_at":"2020-01-02T14:52:16Z","canonical_url":"https://wefunder.com/convesio#question-73284","answers":[{"id":81989,"entity_id":"wefunder:comment:81989","answer":"Hi Bruce, Sorry for the delay in responding... WeFunder is still finalizing everything and should be done this month.","author_name":"Thomas Fanelli","votes":0,"created_at":"2020-03-09T16:49:45Z"}]},{"id":67000,"entity_id":"wefunder:comment:67000","question":"Two questions: (1) Is your market the individual website owner, or agencies? (2) This is a crowded market. Hosting companies try to differentiate themselves on performance, uptime, security, scalability, and price. There are several companies that claim to focus on WordPress hosting. What is your key differentiator that will distinguish you from competitors?","author_name":"Robert Nicholson","votes":1,"created_at":"2019-10-24T01:15:48Z","canonical_url":"https://wefunder.com/convesio#question-67000","answers":[{"id":67410,"entity_id":"wefunder:comment:67410","answer":"Hi Robert, thanks for the question. Our target market is agencies, designers, and developers of WordPress sites. Several reasons for this... Agencies are a one-to-many sale, easier to support, and early adopters of technology. All these reasons make them a really good fit for what we do. They also have to manage a lot of WordPress sites, so issues like speed, performance, scaling etc are all compounded when you have 100 sites. You are correct that there are many companies that \"claim\" speed, scaling, uptime, etc. The market has become somewhat tone deaf to these claims. It's not enough to say these things you have to prove it, but in order to prove it you have to do something markedly different. Three things set us apart. 1. Our tech stack is completely new, we built it entirely in house. We do not recycle the same technology others use. Without going into details on it, it's faster, more modern, and scalable than the competition. 2. Almost every site we migrate we do a before and after speed test with 3rd party tools and PROVE their site is faster. In 99% of the cases we significantly outperform the competition. 3. We do this at a more affordable price than the leading competitors. And while the market for \"hosting\" in general is crowded, when you focus down to WordPress hosting providers servicing agencies with differentiated tech, great pricing and a support team people love, the market gets really small, really fast.","author_name":"Thomas Fanelli","votes":1,"created_at":"2019-10-29T23:01:28Z"}]},{"id":64933,"entity_id":"wefunder:comment:64933","question":"You do not have any patents. What keeps competitors from using your technology?","author_name":"Simpson Brown","votes":1,"created_at":"2019-10-01T21:52:30Z","canonical_url":"https://wefunder.com/convesio#question-64933","answers":[{"id":66556,"entity_id":"wefunder:comment:66556","answer":"Hi Simpson, our software is compiled and not open source, so we do not expose how our software is built and our code is proprietary. While we do not currently have patents at the appropriate time we will explore options for protecting our IP using these. In many cases our patentable tech is not even exposed to customers so reverse engineering it would be extremely difficult. Hope that helps.","author_name":"Thomas Fanelli","votes":0,"created_at":"2019-10-22T00:35:22Z"}]},{"id":283275,"entity_id":"wefunder:comment:283275","question":"How do I get my money back I invested $100 years ago and nothing.","author_name":"Irvin Hinojosa","votes":0,"created_at":"2024-05-09T15:25:08Z","canonical_url":"https://wefunder.com/convesio#question-283275","answers":[{"id":283311,"entity_id":"wefunder:comment:283311","answer":"Hi Irvin, in order to get a return on your investment Convesio would need an event like a sale, IPO, or stock buy back. Right now none of those are in the immediate plans. If anything changes, we will be sure to message you on WeFunder, but until then, please keep an eye out for our periodic updates which you can access in the Updates section. One will be coming out soon.","author_name":"Thomas Fanelli","votes":0,"created_at":"2024-05-09T22:26:02Z"}]},{"id":277666,"entity_id":"wefunder:comment:277666","question":"I Have not received a certificate of investment either. I invested back in 2019. Any ideas of what's going on?","author_name":"Scott Faries","votes":0,"created_at":"2024-02-29T23:42:08Z","canonical_url":"https://wefunder.com/convesio#question-277666","answers":[{"id":277749,"entity_id":"wefunder:comment:277749","answer":"Hi Scott, I am not sure what you mean by Certificate of Investment. Your Investment is managed through WeFunder, so if you need documentation on it, I think you might need to connect with them. If you are asking the question generally about how the business is going, you might want to check the Updates section here, there have been updates posted in the last 6 months.. Another one should be coming soon.","author_name":"Thomas Fanelli","votes":0,"created_at":"2024-03-01T20:09:27Z"}]},{"id":229580,"entity_id":"wefunder:comment:229580","question":"Any updates?","author_name":"Raja Mallepeddi","votes":0,"created_at":"2022-12-26T00:25:08Z","canonical_url":"https://wefunder.com/convesio#question-229580","answers":[]},{"id":187394,"entity_id":"wefunder:comment:187394","question":"I think every investor was invited (over 500 USD) to get an access for its own website, right? I am wondering how i can realize that.","author_name":"Martin Steinbach","votes":0,"created_at":"2022-01-09T12:35:23Z","canonical_url":"https://wefunder.com/convesio#question-187394","answers":[]},{"id":87200,"entity_id":"wefunder:comment:87200","question":"When will I see a dividend?","author_name":"Patrick WHEELER","votes":0,"created_at":"2020-04-23T17:31:13Z","canonical_url":"https://wefunder.com/convesio#question-87200","answers":[{"id":87256,"entity_id":"wefunder:comment:87256","answer":"Hi Patrick, we are not a dividend based investment. Returns are based on our ability to either sell the company or take it public on the stock market. Similar companies to ours, like Flywheel exited after approximately 6 years. While it's impossible to provide a timeframe, we can cite similar companies as reference points.","author_name":"Thomas Fanelli","votes":0,"created_at":"2020-04-24T00:27:21Z"}]},{"id":81569,"entity_id":"wefunder:comment:81569","question":"What are your revenue projections for the next 5 years? If you are not allowed to disclose it here then please share your revenue goals for the same period of time. Thanks.","author_name":"Leonardo Lee","votes":0,"created_at":"2020-03-06T03:54:14Z","canonical_url":"https://wefunder.com/convesio#question-81569","answers":[]},{"id":74500,"entity_id":"wefunder:comment:74500","question":"My investment has been confirmed butI have not received the certificate of investment as yet. What do I have to do to receive it?","author_name":"Wineetha Fernando","votes":0,"created_at":"2020-01-18T18:43:09Z","canonical_url":"https://wefunder.com/convesio#question-74500","answers":[{"id":81990,"entity_id":"wefunder:comment:81990","answer":"Hi Wineetha, Those should be complete this month, we are just finalizing things with WeFunder.","author_name":"Thomas Fanelli","votes":0,"created_at":"2020-03-09T16:51:11Z"}]},{"id":73792,"entity_id":"wefunder:comment:73792","question":"Why hasn't my investment shown as confirmed?","author_name":"Mario M Teel Jr.","votes":0,"created_at":"2020-01-09T15:49:51Z","canonical_url":"https://wefunder.com/convesio#question-73792","answers":[{"id":81991,"entity_id":"wefunder:comment:81991","answer":"Hi Mario, we are still finalizing everything with WeFunder, this should be resolved this month.","author_name":"Thomas Fanelli","votes":1,"created_at":"2020-03-09T16:51:35Z"}]},{"id":70573,"entity_id":"wefunder:comment:70573","question":"Is it only people who donated the first $250k that participate in\u0026nbsp;the future equity agreementm or is that for all investors in this round?","author_name":"Sandy Toth","votes":0,"created_at":"2019-12-05T21:47:52Z","canonical_url":"https://wefunder.com/convesio#question-70573","answers":[{"id":70582,"entity_id":"wefunder:comment:70582","answer":"Hi Sandy, it's for all people who participate.","author_name":"Thomas Fanelli","votes":1,"created_at":"2019-12-05T23:27:27Z"}]},{"id":70071,"entity_id":"wefunder:comment:70071","question":"Hi team, Just wanted to touch base and wish you all the best! I have invested a bit in your venture, and added some more today, and I hope that funds will go through, as you guys have been oversubscribed for a while now, haha. Anyways, congratulations and can't wait to hear about all the great things you guys do next year on! Best, Fay","author_name":"Fay Ibrahima","votes":0,"created_at":"2019-11-29T22:15:14Z","canonical_url":"https://wefunder.com/convesio#question-70071","answers":[{"id":70114,"entity_id":"wefunder:comment:70114","answer":"Thank you Fay!!! Really appreciate your support and look forward to going on the journey together!","author_name":"Thomas Fanelli","votes":0,"created_at":"2019-11-30T16:06:15Z"}]},{"id":68632,"entity_id":"wefunder:comment:68632","question":"Whats the business model? Monthly fee? What are the price tiers and how do they compare with the market or dedicated AWS solution?","author_name":"Paulo Vinicius","votes":0,"created_at":"2019-11-13T19:16:41Z","canonical_url":"https://wefunder.com/convesio#question-68632","answers":[{"id":68648,"entity_id":"wefunder:comment:68648","answer":"Hi Paulo, thanks for the question. Below is a link to our pricing page, but specifically, yes we are a subscription business and there is a fee per site that is hosted on our platform. We actually run on top of AWS and Google Cloud and greatly simplify and optimize hosting WordPress sites. What would traditional take hours to days to configure we deploy with 1 click in under a minute, greatly saving our clients time, money and in the end getting a better performing product. https://convesio.com/monthly-pricing/ Keep in mind, our pricing is designed for agencies hosting multiple sites. A typical customer of ours usually has 35 sites. So when considering the overall account value of 1 client it is usually many hundreds of dollars per month.","author_name":"Thomas Fanelli","votes":1,"created_at":"2019-11-14T03:02:04Z"}]},{"id":68140,"entity_id":"wefunder:comment:68140","question":"So excited that $805k became $1M overnight. How was it possible. Were there investors who invested large amounts \u0026gt;$25k, $50K yesterday. And was there any exciting news that caused investors to invest in one single day? I do not see much increase in number of investors. You are building an awesome product and can't wait to see what you build.","author_name":"Lakshminarayana NindraKrishna","votes":0,"created_at":"2019-11-07T00:09:25Z","canonical_url":"https://wefunder.com/convesio#question-68140","answers":[{"id":68142,"entity_id":"wefunder:comment:68142","answer":"Hi Lakshminarayana, Yes we have been working on several investors with larger amounts during the course of the campaign. While it may seem like this happened overnight we are constantly talking to investors and bringing them to our campaign here on WeFunder. Thanks fo the question and your support as an investor!","author_name":"Thomas Fanelli","votes":1,"created_at":"2019-11-07T00:52:17Z"}]},{"id":68106,"entity_id":"wefunder:comment:68106","question":"Woah! From $850k to one million over night! Congrats on hitting the maximum goal! Are you going to ask some of the accredited investors to move their investments into a concurrent Reg D funding round to open up more room for series C funding? Im very excited to see that Convesio is going to be oversubscribed! Thats a lot of capital to work with :)","author_name":"Draven Pike","votes":0,"created_at":"2019-11-06T17:24:35Z","canonical_url":"https://wefunder.com/convesio#question-68106","answers":[{"id":68125,"entity_id":"wefunder:comment:68125","answer":"Hi Draven! Thanks, we are really excited. Yes, we are in the process of moving some of our investors to Reg D. Thanks for the question and your support as an investor!","author_name":"Thomas Fanelli","votes":0,"created_at":"2019-11-06T19:19:43Z"}]},{"id":66890,"entity_id":"wefunder:comment:66890","question":"How do I know if Convesio is as performant as another platform like Pantheon? Pantheon has a live demo for their users so they can have a first hand experience with the platform. Moreover, they\u0026nbsp;have high traffic\u0026nbsp;customers which proves that their software works. Are there any statistics or concrete evidence that will back up Convesio?Thank you,Victor","author_name":"Victor Chu","votes":0,"created_at":"2019-10-23T02:58:43Z","canonical_url":"https://wefunder.com/convesio#question-66890","answers":[{"id":66976,"entity_id":"wefunder:comment:66976","answer":"Hi Victor, thanks for the question. We have several case studies on customers who have successfully migrated to our platform from many different service providers and talk about how great our speed, performance and support is. We are currently working on technical details on load testing we will publish soon. This is also published on our FAQ page from March of this year and was a very early test we did. A single container site with Caching enabled has been tested with 2000 concurrent users over a 2 hour period with 8.8M requests being served and a sustained Requests Per Second over 1400. Case Studies. https://convesio.com/how-convesio-took-evolve-marketings-client-sites-from-ho-hum-to-high-speed/ https://convesio.com/ample-innovation-saves-hundreds-of-hours-annually-after-switching-to-convesio/ https://convesio.com/100-client-sites-no-problem/ https://convesio.com/robinson-consulting-case-study/ Hope that help!","author_name":"Thomas Fanelli","votes":0,"created_at":"2019-10-23T18:18:09Z"}]},{"id":66174,"entity_id":"wefunder:comment:66174","question":"This may be a dumb question, but why are providing hosting for just wordpress websites instead of all websites?? Do you have intentions of expanding your hosting services to non wordpress sites??","author_name":"Curt Bromm","votes":0,"created_at":"2019-10-16T02:18:01Z","canonical_url":"https://wefunder.com/convesio#question-66174","answers":[{"id":66558,"entity_id":"wefunder:comment:66558","answer":"Hi Curt, good question and thank you for it! Lack of focus can destroy great startups. We could spend massive amounts of time working out thousands of bugs on various platforms before we get something that delivers on our promise. By focusing on WordPress, which happens to be where our team's passion and expertise is, we are capturing the largest growing market segment. WP Engine is being valued around $1B and Automattic the company that created WordPress was just valued at $3B. There is plenty of future market growth to sustain Convesio and many more companies. Hope that helps!","author_name":"Thomas Fanelli","votes":0,"created_at":"2019-10-22T00:56:27Z"}]},{"id":65079,"entity_id":"wefunder:comment:65079","question":"How will investments be ranked by priority? Will unaccredited see investments perish while new corporations move in take over capital?","author_name":"John R Hume","votes":0,"created_at":"2019-10-03T03:04:55Z","canonical_url":"https://wefunder.com/convesio#question-65079","answers":[{"id":66559,"entity_id":"wefunder:comment:66559","answer":"Hi John, there is no ranking of investments. All investors on this round are on a level playing field. Unaccredited vs non-accredited have no difference in the investment.","author_name":"Thomas Fanelli","votes":0,"created_at":"2019-10-22T00:57:45Z"}]},{"id":64328,"entity_id":"wefunder:comment:64328","question":"What is WORDPRESS Hosting and how is it different and what makes you unique from other Hosting companies?","author_name":"Az Berhane","votes":0,"created_at":"2019-09-26T01:40:42Z","canonical_url":"https://wefunder.com/convesio#question-64328","answers":[{"id":64367,"entity_id":"wefunder:comment:64367","answer":"Azaria, thanks for the question. Let me answer in bullet form as this could be a really long answer and there are volumes written about some of this online: 1. WordPress is the dominant platform used to build websites. 2. WordPress Hosting is the server you need to run your website once it's built. 3. This technology has not changed very much in the last 15 years. 4. We are a completely different approach to hosting WordPress that provides better scaling and performance compared to the competition. 5. This is important because poor performance of websites results in lost sales, customers, and leads for businesses.","author_name":"Thomas Fanelli","votes":1,"created_at":"2019-09-26T15:50:01Z"}]},{"id":64158,"entity_id":"wefunder:comment:64158","question":"I understand that Convesio employs a mix of open source and custom built components. Do you have any patents in place or pending?\u0026nbsp;","author_name":"John E. Cook","votes":0,"created_at":"2019-09-24T15:24:00Z","canonical_url":"https://wefunder.com/convesio#question-64158","answers":[{"id":64159,"entity_id":"wefunder:comment:64159","answer":"Hi John, not currently, but we are planning to file patents on applicable components of our tech.","author_name":"Thomas Fanelli","votes":0,"created_at":"2019-09-24T15:26:17Z"}]},{"id":64009,"entity_id":"wefunder:comment:64009","question":"Hi - Are the perks listed correct?\u0026nbsp;Invest $500+ forFree hosting for 1 site for 1 year.$1,000+Free hosting for 1 site for 1 year.$10,000+Free hosting for 20 sites for 1 year.\u0026nbsp; \u0026nbsp; Same Perk for $500 and $1000 ?","author_name":"Mark Cherry","votes":0,"created_at":"2019-09-23T08:33:58Z","canonical_url":"https://wefunder.com/convesio#question-64009","answers":[{"id":64027,"entity_id":"wefunder:comment:64027","answer":"Hi Mark, this is a little confusing, but it's how WeFunder does this, so the perks are cumulative. You get both the 500 and 1k perks together, so 2 sites total.","author_name":"Thomas Fanelli","votes":0,"created_at":"2019-09-23T14:05:11Z"}]}],"faq":[{"question":"Hi guys!! Very interested in your company and think that it's a great idea for disrupting the wordpress industry. I just had a few quick questions: How many full-time employees do you have? Do any of your founders current take a salary? Also noticed in the risks section that y...","answer":"Hi Jack, great to meet you! We currently have 7 team members. 3 are full time, with two more going full time Aug 1st and 2 remaining part time. 2 of our co-founders do take a salary. Regarding the question on the SAFE agreement, it will convert upon our next round of financing (A Round). The statement about the SAFE never converting would be in theory if we never took another round of financing, then the SAFE would not convert to equity."},{"question":"I realy wanted to buy some shares of it because I see it interesting but lack of knowledge and after looking at the video too I couldn’t get anything what exactly this company does any simple language to understand please??thank you and sory","answer":"Hi Aashu! Thanks for your interest in us.\u0026nbsp;Every website needs a server to run on and a person to create it. The platform people use to build a website is WordPress. The servers that websites run on is what we provide. Convesio is specifically designed to host WordPress websites in a high performance environment.\u0026nbsp;Many businesses rely on their website for sales, leads etc. and if the website is slow or down it directly relates\u0026nbsp;to lost revenue and customers.\u0026nbsp;Convesio is a pla..."},{"question":"I've got some questions which I'd like addressed before I invest: 1. How did you arrive at your current Valuation? 2. Do you plan to go into future financing rounds (Reg A+) within 2 years at least? 3. What exit strategy are you envisaging, if at all, and how soon would that e...","answer":"Hi Oladipupo, great to meet you! We pitched several VC’s, Angel groups, and private investors to determine what valuation would have the most traction as well as analyzing other comparable companies and the amounts they raised during their seed rounds. This current valuation is based on market size, team experience, product stage, and also conservatively estimated to produce the best terms for our initial investors. Our plans are to raise additional rounds of funding to continue the growth of..."},{"question":"Regarding SAFE conversion, your answer to Jack Sargent was disconcerting, quote \"The statement about the SAFE never converting would be in theory if we never took another round of financing, then the SAFE would not convert to equity.\" So, let me get this straight... if in fact...","answer":"Hi Barnaby, great to meet you! This might be a little remedial, please forgive me, I want to explain this for the benefit of everyone who might read it. A SAFE by its very nature is an agreement for future equity, so some event must occur to convert the SAFE into equity such as the sale of the business, IPO, or a future financing round. SAFE agreements are very popular and extremely common for tech startups. To your point about whether we would not convert the SAFE if we hit cash flow positiv..."},{"question":"I'm not too familiar with the web hosting business, but your product seems at risk to become commoditized fairly quickly/easily. Please comment if you disagree. Also, the campaign page indicates you raised $600k+ from only 29 investors. Is this correct? Was that on Wefunder?","answer":"Hi Jeff, nice to meet you! The hosting market as a whole has been commoditized over the last 15 years. Companies like GoDaddy and other large hosters have been racing to the bottom of the market. As the collective experience of the market is maturing, businesses now realize that cheap shared hosting is not sufficient for serious businesses. A $3 a month hosting account for an ecommerce store selling $30k in product each month, is not a wise choice. In our pitch deck you will see that two segm..."}]}}}