What is your exit strategy? Does being the company the gives data control back to the consumer create a barriers for large companies (that love data) who might be potential acquirers?

Hi David. Our exit strategy is to continue the high rate of growth we are projecting for at least the next 5 years and entertain potential acquisitions from companies who would be able to leverage our patents and technology. While you are correct that large companies are data-hungry, they are also looking for innovations that address what the future with data privacy looks like beyond today's legislation. The control provided to the individual means that with trust, these companies have the a...

I'm curious if any of your brewery clients have been keyed in to this offering and whether any have decided to invest.

Thanks for asking William. We just launched the public campaign last week, and are in the process of reaching out to our brewery clients to solicit their investment.

Thanks for the response Paul. Any updates on progress there would be great insight, as that would be the ultimate validation of your product. I'm very interested as it seems to be a product with a lot of potential and you and Bill seem like good dudes. If you don't mind answer...

Thanks, William. Here are the answers. 1. Max investment is $900k this round. Because the contracts with the military pilots (and initial payment) came in this month (2 quarters earlier than we projected), we may close the round earlier than planned. 2. All existing debt holders are planning to convert to equity. Yes, some existing debt comes due in 2022, but our debt holders want to wait for the conversion event. We've been lucky (and selective) in taking on investors who want to go the dist...

For a 100$ investment how much stock do you get? How much stock are in existence?

Hi Jeremy. For this offer, you are investing in a convertible note, not actual stock. As a result, the value of the shares will not be determined until the convertible note converts. You can learn more about convertible notes here: https://www.fundera.com/blog/what-is-a-convertible-note . Let me know if this answers your question.

I like your business idea. It is a natural for blockchain. Have you considered looping in user earnings to increase adoption. This would be similar to what dimo.zone, and mapmetrics.org are doing for personal travel/driving information. So basically, the more data a user allow...

Mark - thanks for the suggestion. Since our founding, we looked at these spaces and chose to continue studying instead of jumping in. Here's why: there's a number of companies that focused specifically on token-based rewards/payments for data sharing, and all that we tracked are out of business or pivoted. In our case, we believe the data itself is as valuable as currency, and the benefits from a responsible offered by a company getting user-initiated access to an individual's data are reward...

GoBeep, Inc.

Blockchain privacy from the software guy who built for restaurants and retailers

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Jim interviewed GoBeep, Inc. on December 16, 2021. Play Video

Jim Jindrick

Venture development expertise includes researching, planning, launching, stabilizing, sustaining, and scaling technology-focused ventures.

Strengths

says, "You have apparently identified a need for your service. The more you can do to scientifically validate the demand, the better. Take names and numbers! Take orders, too, if you can!"

Advice

says, "Don't underestimate the competition. We really don't know what goes on behind closed R&D doors at most companies ... I used to live behind those doors, and we did a whole lot of things that might not be expected. But ... these days, part of the R&D budget in big companies is used for ideas and concepts from outside the corporate box ... from people like you! Who might you partner with?"

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LEAD INVESTOR

Invested $12,500 this round + $10,000 previously

Since investing in GoBeep this May, I have come to know Mr. Della Maggiora, his team, company, operating environment, and business model. I have had a chance to use my professional vesting training and experience to better understand GoBeep – and I believe that what I am investing in is superb.
Foremost, my personal trust is deepened in Mr. Della Maggiora and his team. During a recent conversation, when he was reflecting on his professional and personal experiences and improvements, he volunteered: “I’m predictable, I tell the truth, I know my stuff.“ That sentiment an impromptu self-assessment strengthens the basis for my decision to increase my investment in GoBeep.

Objectively, what I have learned about GoBeep as a company has bolstered my confidence. Their revenues are proving greater than earlier expectations. As an early-stage SaaS company providing a service with growing demand, I view GoBeep risk profile, laid alongside similar firms, as more controlled relatively narrow and de-escalating. Additionally, GoBeep is the only company I know of that provides the sophisticated service through patent-pending technology. Barriers to seriously compete with GoBeep are high. Their potential channels for revenue girls are many, diverse, large and expanding. Some are nearing fruition with delivered letters of intent from companies that contract with the U.S. Department of defense.
I believe these deal terms are advantageous for investors given GoBeep’s scalability and potential growth. GoBeep’s position on a risk-reward spectrum is, in my view, toward a higher potential reward with associated lower risks when compared to other similar stage companies. Companies lower risk profile centers on its in-demand, information-savvy technology, as well as the extensive software technology experience shared among its founders and advisors. This is especially compelling to me when considered companies cloud-based SaaS as a template that can be overlaid and scaled in almost any industry or sector with burgeoning information privacy and security demand.

Consider coming aboard as an investor in GoBeep!

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