Question 1

With your current product what do you believe is an achievable TAM within the next 2 years?.

Accepted Answer

Hello Michael, thanks for the question. In two years, Digital health and wellness is projected to be a $225B+ market and social good a $400B+ market. Our beachhead is the colleges and organizations we are onboarding who are spending an average of $5/usr/month on the wellness of their students and employees -- and remote engagement is even more heavily relied upon in this era of distancing. Our diverse revenue streams also include event ticketing ($6B) and fundraising ($10B). This gives us a T...

Question 2

Hello, sorry I’m new to all this. Can you explain to me In simpler terms what is it you do?

Accepted Answer

Welcome Dawn! We enable communities (student body, workforce, customer-base) to be engaged and able to organize, interact, track, fundraise, and report on their way to achieving goals. For example, Syracuse University is using our platform to promote their Healthy Monday campaigns that require activity tracking, corporate sponsorship, and fundraising. For additional use case references, we've added slides 6,7,8 in our presentation. I hope this helps!

Question 3

How many clients currently use your platform? Also, how does your revenue model work? You mentioned 5 institutions, but it seems that this is designed to also be used by individuals.

Accepted Answer

Hi Carl, pleasure to meet you! In addition to our enterprise clients who pay platform subscriptions, we have a few thousand individual users who have signed up organically. We are very excited for our enterprise customers to begin launching bigger campaigns this year and in turn onboard more platform users. Our revenue model is focused on annual subscriptions, but we also earn revenue on fundraising & event ticketing fees and professional services. While individual platform members don't ...

Question 4

The main page says that investments are “Held in Escrow & Refundable. DIEMlife must raise $100,000 to get funded. Wefunder Portal LLC can refund upon request while funds are in escrow”. Is there a time limit for this round of funding? If so, when does the round expire?

Accepted Answer

Hi James, thanks for your interest. This round is set to expire on September 30, 2020. We do have the option to extend it but we have no plans to do so at this time.

Question 5

What's the back-end of the platform from a technical standpoint? How do you ensure that even those who are computer illiterate can participate? I see value in the platform particularly for those in the healthcare, building communities of support around managing (typically chro...

Accepted Answer

Hello Dr. Gurda and thank you for your interest in our company and the detailed questions. 1. Our platform backend is a combination of JavaScript & Java application servers using MySQL & Amazon S3 for the data layer. We are building our future features on DynamoDB (NoSQL). We are WCAG compliant to ensure our web content is accessible to people with disabilities. 2. We have privacy modes for Quests. A user can set the privacy level of their generated content. Private data is only visib...

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