Question 1

Who is your biggest customer? Do you have an investment goal? What will those funds be used for?

Accepted Answer

Hi Dan, thank you for your interest in Factmata and your questions. Selling into ad tech was a focus for Factmata from 2018-2020. The bulk of historical revenues were generated via a deal with Taboola in 2019 ($6-$8k MRR depending on the # websites we analysed for fake news per month) that we paused in 2020 to focus on a different target sector for our product. Since Q2 2020, we have been building our Narrative Monitoring platform and launched it this month (selling to communications agencies...

Question 2

Where is the Form C? Also, why did the co-founder leave to start a new company? How do you compare to that startup and why did Facebook choose to acquire them vs Factmata? Finally, what has Factmata accomplished since Mark Cuban investment in 2017?

Accepted Answer

Hi Calvin, thank you for your interest in Factmata and your questions! The Form C with more details about our financials etc will be available once we reach our initial Early Bird target, $50k. Our main accomplishments since we started are detailed in the Story section. Factmata was founded in 2017 by Dhruv Ghulati as founder, and Dr. Sebastian Riedel & Dr. Andreas Vlachos as scientific advisors, who helped to shape our early R&D in hate speech and automated fact checking. Factmata wa...

Question 3

Does you software just provide insights or can a user take an action with your software?

Accepted Answer

Hi Nathaniel, great question! Right now it's about insights that assist you in taking an action. So for example, we detect a potentially harmful rumor and show analysts the opinions and phrases people are using to manipulate the discourse and make it more persuasive. We also help analysts prioritize the rumors/threats to take action on (e.g. the ones where the discourse is most aggressive). The next part of our product roadmap this year is to allow users to take action e.g. retweet the most e...

Question 4

Can you please make public how much has been raised through crowdfunding? considering putting in 5k as i like the product but would want to see more transparency on that side. thx! jacob

Accepted Answer

Hi Jacob, we haven't done any marketing nor filed our Form C, and are close to ~$65k raised. This means we have already beat our target and expectations of $50k. We are now confident enough to double down and raise more. We'd love your support especially in spreading the word!

Question 5

Hi Dhruv, what is the eventual exit strategy that you have in mind? Is it to be acquired by giant media tech company or IPO?

Accepted Answer

Hi Rendy, our goal is to be the next media platform on the internet that uses algorithms to understand quality, rather than understand user preferences to drive ads. Platforms like Twitter and Facebook derive >90% of their revenue from selling user attention to advertisers, which ultimately doesn't serve the users nor incentivise content quality. If we achieve that goal, in perhaps 10 years, we have a shot at becoming a public company. In the interim, as we grow revenues and continue to bu...

Factmata

Scalable AI to combat the spread of fake news online

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Factmata

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