Question 1

a. We are interested in how you construct your HUGS score and how you validate its usefulness. As to its construction, can you explain how you measure student maturity and eligibility? b. Can you tell us more about your competitors in terms of other ways for students, generall...

Accepted Answer

Hey Shannon, thank you for your questions! Happy to have you with us! a. Our HUGS Score extracts ~60 criteria from the documentation that international students provide to the Federal Government to gain entry to the US for their education. Among these qualifying measures is the requirement to display the availability of funds in liquid assets (mostly cash) to cover their full year of expenses, tuition, and living expenses (rent, food, transportation, books, etc.). The output is a score on a s...

Question 2

Hi! I was curious to know how many states and cities is your service available in?

Accepted Answer

Hello Carlos! Thanks for asking! We're currently serving San Diego, CA (our home), and just signed up properties in Los Angeles, CA, and in Dekalb, IL with more coming very soon ;)

Question 3

Hey HUGS! Is there a plan to get a return for investors?

Accepted Answer

Hello Zosire! Thanks for your question! Of course; our goal is to reward our investors handsomely for trusting us from the start of our journey. As the investment is a SAFE, a return will occur at the first major liquidation event. So whenever a future large round, acquisition, or public listing comes around, it will present an opportunity for you to have a return. Attend our Investor Webinar using the link below to have more questions answered! https://www.eventbrite.com/e/hugs-investor-webi...

Question 4

This is a really smart solution to overcoming a market failure which causes unnecessary difficulties for many students. As a fellow immigrant, even one arriving mid-career and married to a US citizen, I experienced many examples of cases where this caused a problem and I’m sur...

Accepted Answer

Hello Iain, I appreciate the question. You hit the nail right on the head! 1) Definitely! As we grow, we'll implement measures to intake/process data more efficiently and have access to additional data sources. We know of a few players in the space we can explore partnerships with. 2) You are right again! Our "HUGS Ecosystem" on our pitch deck signifies this. Once we've built the score well enough, we can toggle specific characteristics that would be relevant to different industries and make ...

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