Question 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...

Accepted Answer

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...

Question 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...

Accepted Answer

Richard, I sent you the info requested.

Question 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...

Accepted Answer

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.

Question 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...

Accepted Answer

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,

Question 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.

Accepted Answer

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 = ...

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