# Edsoma, Inc πŸ“š Real Time Literacy, Real Time Data πŸ“Š ## Elevator pitch We are an interactive streaming platform that helps readers of all ages increase their reading skills with A.I. We provide subscription service to our patent pending intelligent software platform that uses the cloud to delivery content to a mobile based App that analyses the reading competence of individual users. They can select a variety of titles offered to the user and tutor, if any, or parent or teacher via a platform built for expansion in to all areas of education. - Canonical URL: https://wefunder.com/edsoma.inc - Entity ID: wefunder:company:90935 - Last updated: 2026-06-22T05:03:22Z - Generated at: 2026-06-22T16:53:33Z ## Quick facts - πŸš€On Track to do $614,000 in revenue in 2022 to 2023. - πŸ“±135 million read below standard, 34% of students read below 4th grade level in the US alone. - πŸ”₯ Recent impact on education in 2nd and 3rd grades caused a 30% gap in literacy from 2020 levels. - πŸ† US Reading Tech market is valued at $5.4 billion. - 🍯 Founder featured on Forbes, FOX 5 News, Entrepreneur TV, with 3 multi-million dollar exits - πŸ’• Edsoma helps families enjoy quality time by building confidence in both children and adults - 😎 Edsoma has assembled an exemplary team of advisors from Tech and Publishing industries with added social influencer. - πŸ“ˆ Interested parties include school systems, districts and foreign country government entities. ## Active fundraises - wefunder:fundraise:73585: 4(a)(6) open (USD) - wefunder:fundraise:47369: 4(a)(6) successful (USD) - wefunder:fundraise:47370: 4(a)(6) successful (USD) ## FAQ 1. **Hello, I have some questions please. In your pitch you mention that the success of this startup depends on completing version 2 and 3 of the app. 1) How much time and money do you expect it will take? I would imagine that CTO is a key person in a startup like yours. 2) Why doe...** - Hello Vilem, this is a good question Harnil is currently acting as an interim CTO. As you can tell on his LinkedIn, he owns Hyperlink, the company we used to help in the original development of the app. You'll also notice that we have Steve Burton as our CIO. It's set up like this, so we have direct technical input, but I also have access to the experience needed for a start-up like ours. To answer your first question, we are beta testing now, and we have full capability of being successful w... 2. **Hello, how much more time is needed to get this fully up.. However I would love to discuss further if more funding can speed up the process, first having a more detailed look at your financials including projections especially for the industry you're in and also about alternat...** - Richard, I sent you the info requested. 3. **Hello Kyle -- I noticed you reported $13k CoH as of Feb. 2022, and spending $27.5k per month. I noticed you are also anticipating launching your paid pilot program in the upcoming few months. Do you have any projections, LOIs, or confirmed customers for the paid pilot? Investi...** - Erick, thank you for your patience. The 13 K cash on hand was that very day. I've bootstrapped this project every month since the beginning. We're now closer to a $50,000 a month burn. And yes, we do have LOIs in hand, 28 charter schools, and an after-school reading company in 14 states and. 10,000 students. 4. **Edsoma is a company that meets the goals of "Edutech" investing, and I like the concept and the product. A valuation cap of US$14mm with the current revenues though is a little high even if it has been bootstrapped to date. How is such a valuation arrived at? LOI's on their ow...** - I would love to get on a call with you and answer any questions you might have. i have no problem going over this with you or any one else for that matter. at this time i can show $25M as a valuation, 5. **You need to answer the question publicly on how the 14M valuation being derived and not privately to a single individual. I can firmly guaranteed, 99% of the investor will want to know.** - We used 4 different methods to derive at our valuation: Our average for the 4 methods was $14.41m. We chose to round it to $14m for the purpose of this campaign. Company Valuation Methods Discounted Cash Flow Method, Comparable Method, Venture Capital Return on Investment, and Scorecard. DCF: CF1/(1+r)1..CFn/(!+r)n (Comp1+Comp2+Compn)/n Comps: Based Value from Amira, Epic!, ABCmouse, Reading Raven, Renaissance, and Vooks VC ROI: Post-money Val = Exit Value / ROI Scorecard: Strength of Team = ... ## Team - Kyle Wallgren (Chief Executive Officer ) - Diane Burton (Chief Education Officer) - Jeffrey Horowitz, PhD (Advisor - Fractional CTO) ## Q&A - Q: You need to answer the question publicly on how the 14M valuation being derived and not privately to a single individual. I can firmly guaranteed, 99% of the investor will want to know. - A: We used 4 different methods to derive at our valuation: Our average for the 4 methods was $14.41m. We chose to round it to $14m for the purpose of this campaign. Company Valuation Methods Discounted Cash Flow Method, Comparable Method, Venture Capital Return on Investment, and Scorecard. DCF: CF1/(1+r)1..CFn/(!+r)n (Comp1+Comp2+Compn)/n Comps: Based Value from Amira, Epic!, ABCmouse, Reading Raven, Renaissance, and Vooks VC ROI: Post-money Val = Exit Value / ROI Scorecard: Strength of Team = 0 - 30% Size of Opportunity = 0 - 25% Product or Service = 0 - 15% Competitive Environment = 0 - 10% Marketing, sales channels & Partnerships = 0 - 10% Need of additional investment = 0 - 5% Other = 0 - 5% DCF $15.25m COMP $12.64m VC ROI $15m Scorecard $14.75m Avg $14.41m We chose to use $14m to round down to whole number We would be happy to discuss the details with you. - Q: Edsoma is a company that meets the goals of "Edutech" investing, and I like the concept and the product. A valuation cap of US$14mm with the current revenues though is a little high even if it has been bootstrapped to date. How is such a valuation arrived at? LOI's on their own measure are meaningless justifications. - A: I would love to get on a call with you and answer any questions you might have. i have no problem going over this with you or any one else for that matter. at this time i can show $25M as a valuation, - Q: Hello Kyle -- I noticed you reported $13k CoH as of Feb. 2022, and spending $27.5k per month. I noticed you are also anticipating launching your paid pilot program in the upcoming few months. Do you have any projections, LOIs, or confirmed customers for the paid pilot? Investing was almost a no-brainer for me, based on your mission and potential. But the current numbers gave me some concern. Thank you kindly -- Eric - A: Erick, thank you for your patience. The 13 K cash on hand was that very day. I've bootstrapped this project every month since the beginning. We're now closer to a $50,000 a month burn. And yes, we do have LOIs in hand, 28 charter schools, and an after-school reading company in 14 states and. 10,000 students. - Q: Hello, how much more time is needed to get this fully up.. However I would love to discuss further if more funding can speed up the process, first having a more detailed look at your financials including projections especially for the industry you're in and also about alternative funding opportunities available at our company if we are satisfied. You can drop me an email at richard@700capital.com, then we can start looking at financing your whole target. Thanks. - A: Richard, I sent you the info requested. - Q: Hello, I have some questions please. In your pitch you mention that the success of this startup depends on completing version 2 and 3 of the app. 1) How much time and money do you expect it will take? I would imagine that CTO is a key person in a startup like yours. 2) Why does he not even mention any affiliation with you in his LinkedIn profile? linkedin.com/in/harnil-oza How is he exactly involved in your IT operations, and how much time per week does he currently dedicate to this? Thank you, V. - A: Hello Vilem, this is a good question Harnil is currently acting as an interim CTO. As you can tell on his LinkedIn, he owns Hyperlink, the company we used to help in the original development of the app. You'll also notice that we have Steve Burton as our CIO. It's set up like this, so we have direct technical input, but I also have access to the experience needed for a start-up like ours. To answer your first question, we are beta testing now, and we have full capability of being successful with version one, so I'm sorry that you were misguided with our info. V2 and V3 have multiple new features that allow the app to interact with a larger audience. The deck shows the raise at $1,070,000.00. I hope this helps and am sorry for the delayed answer. I wasn't aware of this question page, and I am now noticing it. - Q: so far I have invested in 4 companies centered around children, so this is very interesting. I am shocked to see that nobody asked you a question in close to 4 years(that isn't good, little concerning). questions follows 1. it would be nice if you had chart comparison between you and others. cause obviously you aren't the only person doing what you do. that way if your investors want to help spread the word they will have it and good for your raise 2. what is your moat? 3. why do you think it is taking so long to reach your goal? the amount of time you been on here is a long time. 4. what is the top 2 reasons somebody should go with you vs others? thanks for your time - Q: custom retail packaging https://mint-print.com/ Our brand, Mint Print, was launched in August 2001. Since then, the business has grown significantly, thanks to our loyal customers who are the driving force of the small but dynamic Mint Print family. Originally, we began trading in Birmingham but we now supply to customers across the UK and worldwide, thanks to recommendations from satisfied service users. At Mint Print, we believe in putting the interests and needs of the customer ahead of our own. This approach has established strong and unique professional relationships, enabling us to create a portfolio of clients who are trusted and loyal. This gives us tremendous pride and satisfaction. We don’t claim to be perfect, absolutely not. That is why we greatly value the feedback and suggestions from customers giving us the opportunity to add value to our existing products and services. It’s simple: without loyal customers, we would not exist.