{"data":{"type":"company_profile","id":52564,"entity_id":"wefunder:company:52564","attributes":{"canonical_url":"https://wefunder.com/mindcurrent","generated_at":"2026-06-13T01:45:42Z","updated_at":"2026-06-12T05:00:17Z","entity_ids":{"company":"wefunder:company:52564","slug":"wefunder:company_slug:mindcurrent"},"profile_visibility":{"owner_published":true,"public_search_results":true,"site_search_listed":true,"privacy_mode":"promote","invite_only":false},"provenance":{"source":"wefunder_public_company_profile","as_of":"2026-06-13T01:45:42Z","claims":{"total_amount_raised":{"source":"FrontCompanySummary#amount_raised","last_verified_at":"2026-06-12T05:00:17Z","as_of":"2026-06-13T01:45:42Z","confidence":"high"},"total_investors":{"source":"FrontCompanySummary#number_of_investors","last_verified_at":"2026-06-12T05:00:17Z","as_of":"2026-06-13T01:45:42Z","confidence":"high"},"active_raise_states":{"source":"Fundraise.visible(nil, nil)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-13T01:45:42Z","confidence":"high"},"latest_fundraise_state":{"source":"Fundraise.visible(nil, nil).order(funding_started_at)","last_verified_at":"2025-02-06T01:17:55Z","as_of":"2026-06-13T01:45:42Z","confidence":"medium"}}},"company":{"id":52564,"entity_id":"wefunder:company:52564","slug":"mindcurrent","name":"Mindcurrent","tagline":"AI that predicts performance and reduces stress","elevator_pitch":"Mindcurrent uses AI to\u0026nbsp;predict and manage stress across teams. By recognizing each user's unique stress pattern our algorithm proactively recommends suggestions from leading experts before stress escalates. Users can redeem or donate rewards for regular usage.\u0026nbsp;Companies, schools, and government agencies can identify and reduce stressors across their teams without compromising privacy.","story":"What do a performance psychologist, Emmy-nominated storyteller, and multi-exit tech entrepreneur have in common?Co-Founders Sourabh Kothari (left) and Dr. Drew Brazier (right) in our first office (in Sourabh's basement).We're helping thousands of users worldwide reduce stress. Using predictive analytics, their own data, and short, personalized recommendations from leading experts.\u0026nbsp;Why\u0026nbsp;Stress?When we built our first Mindcurrent prototype\u0026nbsp;everyone thought we were crazy. We heard things\u0026nbsp;like, \"stress is\u0026nbsp;too big,\u0026nbsp;pick a niche\", or \"there are too many factors\", or \"everyone is different.\" Turns out our [wise] friends were right. But so were we.Solving for stress - one user at a time - unlocked a tremendous amount of data and partnership opportunities.Our early investors include executives from Nike, successful tech angels, and the City of Beaverton. Their collective expertise and networks have allowed us to reach organizations of every size and\u0026nbsp;stress has emerged as\u0026nbsp;a universal\u0026nbsp;factor in performance, retention, culture, and trust.By quantifying and predicting stress we're uncovering deeper issues while also providing measurement (often for the first time) for other wellness solutions. For example,\u0026nbsp;Nike's Run Club provides fitness programs, Oura provides sleep insights, Headspace provides meditation content, and Noom provides nutrition and diet programs. All of these wellness solutions are downstream from Mindcurrent. i.e. Once we know what is stressing each user, there are many specialized and fragmented partners to provide specific content and solutions.\u0026nbsp;Thus, by measuring and managing stress on a personal level, we're enabling individuals and organizations to make important decisions about wellness overall. All while maintaining privacy and improving our machine learning algorithms.The $977B ProblemWork stress is estimated to cost US and European companies over $977B each year.For decades, organizations have been trying to reduce stress to boost retention, performance, creativity, happiness, and trust. But they've never been able to personalize stress reduction so it could work on an individualized basis.\u0026nbsp;According to the\u0026nbsp;European Agency for Safety and Health at Work (EU-OSHA) and the American Institute for Stress, workplace stress is costing businesses more than $977 billion each year. Yet workplace wellness programs continually put the responsibility for stress reduction\u0026nbsp;entirely on employees - without any reliable means of measurement.Mindcurrent introduces transparency and accountability for stress across a company, school, or nonprofit by providing personalized recommendations to individual team members and\u0026nbsp;management. All\u0026nbsp;while aggregating data anonymously so everyone can see where progress is being made without discrimination.Fourth Time is a CharmOur initial prototype got a lot of\u0026nbsp;attention and over half a million views on\u0026nbsp;Facebook and a featured story\u0026nbsp;on OPB/NPR Radio.You can think of the app as a \"Fitbit for the brain.\" Called Mindcurrent, it asks the user a few questions, like how they’re feeling. The user then indicates they’re stressed, or happy, or depressed, and the app offers short advice videos. The app can also be tweaked to suit a user’s unique circumstances. For example, the app tailors advice differently for a parent and a teenager.Early adopters\u0026nbsp;gave us\u0026nbsp;a long list of things to fix. Our second prototype brought us closer to our third version, which is currently available on the Apple App Store and Google Play Store.Initial designs for the new version have received great reviews from consumers and corporate customers.We designed our fourth version with feedback from our power users and first set of corporate customers. It allows users to capture and categorize stress within seconds and integrate biometrics from their smartwatch for stress pattern predictions.\u0026nbsp;It also increases the level of personalization for our expert recommendations and\u0026nbsp;introduces a reward system where users are incentivized to check in daily and take simple, quick actions to reduce stress each morning and evening.Mindcurrent was chosen as a 2020 Beaverton Startup Challenge winner.The demo for this new version helped us win the 2020 Beaverton Startup Challenge and brought us new corporate\u0026nbsp;customers. We're now working with\u0026nbsp;the City of Beaverton on a pilot for government employees and first responders\u0026nbsp;- who manage an extraordinary amount of stress.Privacy is critical for these individuals as their personal lives are often as challenging as their chosen professions, as evidenced by alarming rates of anxiety, depression, divorce, and substance abuse.Our new version also serves as the digital platform\u0026nbsp;for a joint Behavioral Study with\u0026nbsp;the Center for BrainHealth, Brain Performance Institute, and University of Texas at Dallas. 50 students and faculty are tracking their stress with Mindcurrent over 45 days. All participants are contributing biometrics with data from their Apple Watches. When published, this will be one of the largest studies of its kind to determine key stressors affecting life on-campus.The Only Top-Down\u0026nbsp;and\u0026nbsp;Bottom-Up SolutionWith thousands of consumer users, we're monetizing Mindcurrent with subscriptions paid by employers, schools, and nonprofits. There is tremendous demand for stress measurement and management and organizations are seeking solutions that protect individual privacy while creating transparency and accountability\u0026nbsp;across their teams.\u0026nbsp;Mindcurrent is currently the only solution where all employees can see where stress is growing and get personalized recommendations suited to their specific needs.\u0026nbsp;Every individual gets private, personalized recommendations with action items they're asked to complete within 48 hours. Recommendations differ by the individual's rank and role\u0026nbsp;within the organization and results are aggregated for team members (as a whole) and for management (as a whole). This creates transparency and accountability\u0026nbsp;without identifying anyone on a personal basis.\u0026nbsp;Recommendations are designed to be quick, easy, and flexible, so users of all ages and backgrounds can make progress every day without disrupting their schedules or making large commitments. This, by design, is how stress can be systematically reduced from one's life.The combination of ease of use, personalization, and privacy\u0026nbsp;has led to a wide variety of use cases for the new version of\u0026nbsp;Mindcurrent:Financial services companies want to use Mindcurrent to get ahead of burnout to\u0026nbsp;avoid hundreds of thousands of dollars spent in key talent replacement.\u0026nbsp;Corporate leadership and\u0026nbsp;trainers at consumer goods companies want to use Mindcurrent to boost retention, strengthen collaboration, and improve creativity amongst team members.Universities are leveraging Mindcurrent with students and faculty to determine what factors create stress on-campus and at various times throughout the academic year.Government leaders\u0026nbsp;are evaluating Mindcurrent for use with employees and\u0026nbsp;police officers, sergeants, and captains.\u0026nbsp;Why Now?With early investments from executives at Nike, successful tech angels, and the City of Beaverton, we're poised to grow sales quickly with our new version. This fundraising effort allows us to complete development and deliver the new version to companies, schools, and nonprofits as quickly as possible.\u0026nbsp;In the growing wellness industry, Mindcurrent is one of the only examples of machine learning being used with complete privacy and protection for each user's data. We monetize through B2B but our mission has always been to serve each individual on a personalized basis.\u0026nbsp;By measuring and predicting stress we're uncovering deeper issues while creating transparency and accountability for stronger cultures, better retention, and overall happiness.\u0026nbsp;Join us and our experts\u0026nbsp;as we \"do good while doing great\" and use\u0026nbsp;technology to predict and personalize stress management on a global scale.","location":"Beaverton, OR","website":"https://www.mindcurrent.io/","total_amount_raised":243482,"total_investors":148,"is_funded":false,"is_active":false,"quality_score":3,"related_urls":["https://wefunder.com/mindcurrent","https://www.mindcurrent.io/"]},"media":{"share_image_url":"https://uploads.wefunder.com/uploads/company/custom_card_photo/52564/xxl_cropped_Artificial-Intelligence-_iS1017199998_.jpg","logo_url":"https://uploads.wefunder.com/uploads/company/logo/52564/large_cropped_Mindcurrent-Logo-Gray-_Stacked_.png","profile_video_url":"https://wefunder.wistia.com/medias/ei1btxazni"},"links":{"company_url":"https://www.mindcurrent.io/","twitter_url":"http://twitter.com/mind_current","facebook_url":"https://www.facebook.com/mindcurrent.io/","instagram_url":"https://www.instagram.com/mindcurrent/"},"highlights":[],"quick_facts":[{"index":1,"claim_id":"claim-fact-1","value":"Employee stress is a $977 Billion global problem."},{"index":2,"claim_id":"claim-fact-2","value":"Co-founders have 3 successful tech exits and 20+ years experience with behavioral psychology."},{"index":3,"claim_id":"claim-fact-3","value":"Beta customers include first responders, military, healthcare, and digital wellness platforms."},{"index":4,"claim_id":"claim-fact-4","value":"Patent-pending technology tested by 25,000 users across 40 countries."},{"index":5,"claim_id":"claim-fact-5","value":"2020 Startup Challenge Winner featured on NPR Radio and Neuroscience News."},{"index":6,"claim_id":"claim-fact-6","value":"Longitudinal biometrics and behavioral study with Center for BrainHealth and University of Texas."}],"team":[{"id":811015,"entity_id":"wefunder:company_role:811015","user_entity_id":"wefunder:user:329686","role":"founder","name":"Sourabh Kothari","title":"CEO","bio":"Sales and Marketing leader from Silicon Valley and Wall Street. Executive producer of 2 Emmy-nominated programs.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/811015/square_cropped_Sourabh-Kothari.jpg?1650036404","profile_url":"https://wefunder.com/sourabhkothari","personal_url":"https://www.linkedin.com/in/sourabhkothari/","linkedin_url":"https://www.linkedin.com/in/sourabhkothari/","twitter_url":"https://twitter.com/sokothari","related_urls":["https://wefunder.com/sourabhkothari","https://www.linkedin.com/in/sourabhkothari/"]},{"id":818257,"entity_id":"wefunder:company_role:818257","user_entity_id":"wefunder:user:430920","role":"founder","name":"Drew Brazier","title":"Chief Customer Officer","bio":"Behavioral psychology expert. Built 2 private coaching practices and sold over $1M of online learning content. Personally coached executives and NFL athletes across the country.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/818257/square_cropped_Drew-square-1024.jpg?1607301380","profile_url":"https://wefunder.com/drewbrazier","linkedin_url":"https://www.linkedin.com/in/drdrewbrazier/","twitter_url":"https://twitter.com/DrewMotivates","related_urls":["https://wefunder.com/drewbrazier"]},{"id":818258,"entity_id":"wefunder:company_role:818258","user_entity_id":"wefunder:user:634895","role":"founder","name":"Daniel Cunningham","title":"CTO","bio":"3 successful tech exits (incl. IPO). Big data fanatic. One of the original architects of internet poker. Active angel investor.","avatar_url":"https://uploads.wefunder.com/uploads/company_role/custom_photo/818258/square_cropped_daniel-cunningham.jpg?1595822339","profile_url":"https://wefunder.com/danielcunningham4","personal_url":"http://www.sunburstacademy.org","linkedin_url":"https://www.linkedin.com/in/daniel-cunningham-b5285711/","related_urls":["https://wefunder.com/danielcunningham4","http://www.sunburstacademy.org"]}],"featured_investors":[{"id":5079,"entity_id":"wefunder:company_investor_profile:5079","investor_profile_id":401574,"investor_profile_entity_id":"wefunder:investor_profile:401574","subject_entity_id":"wefunder:user:634334","name":"Stefan Nandzik","avatar_url":"http://uploads.wefunder.com/uploads/user/avatar/634334/medium_cropped_Stefan-Nandzik.jpg","profile_url":"https://wefunder.com/stefannandzik","investment_total":50000,"investment_info":"Invested $50,000 this round","is_lead_investor":true,"related_urls":["https://wefunder.com/stefannandzik"]}],"investor_memos":[],"tab_counts":{"posts":25,"ask_questions":15,"featured_investors":1,"faq_entries":5},"active_fundraises":[{"id":29193,"entity_id":"wefunder:fundraise:29193","state":"successful","offering_type":"4(a)(6)","funding_type":"note","structure":"safe","security_type":"equity","currency":"USD","testing_the_waters":false,"min_purchase":100,"max_purchase":9,"funding_target":50000.0,"minimum_target":"50000.0","maximum_target":"325000.0","funding_started_at":"2020-02-13T22:35:44Z","funding_closed_at":"2020-09-10T05:01:59Z","auto_close_at":"2020-09-10T03:59:59Z"}],"latest_fundraise":{"id":29193,"entity_id":"wefunder:fundraise:29193","state":"successful","offering_type":"4(a)(6)","structure":"safe","testing_the_waters":false,"can_invest_now":false,"funding_started_at":"2020-02-13T22:35:44Z","funding_closed_at":"2020-09-10T05:01:59Z","terms":{"eb":null,"nb":null,"txt":null}},"recent_posts":[{"id":161223,"entity_id":"wefunder:feed_item:161223","type":"FeedItem::Update","visibility":"public","title":"Final Investor Update","preview":"Hi everyone, I’m sorry you haven’t got an update from me in a long time.\u0026nbsp;Unfortunately, this is one of our final updates as we’re in the process of winding down Mindcurrent. After 4 years and almost a million in total investments, we were unsuccessful.The short update here is that in the coming months we’ll prepare the final paperwork for dissolution of the company.For those of you who are interested, we’ve prepared a longer update that recaps the entire venture. Investor Recap of Mindcu...","published_at":"2023-06-30T19:43:00Z","author_name":"Sourabh Kothari","url":"/feed/161223","canonical_url":"https://wefunder.com/feed/161223"},{"id":149646,"entity_id":"wefunder:feed_item:149646","type":"FeedItem::Update","visibility":"public","title":"Investor Update: September 2021","preview":"Hi everyone,I hope you're embracing fall and the changing season. Here in the Pacific Northwest the trees are bursting with color and slowly transitioning to the colder, drier weather.\u0026nbsp;On behalf of the Mindcurrent team, here are our highlights for September:Customer FeedbackOur customers have been notified the mobile app will be retired in Q4.While we were nervous about this change, they celebrated it as they agree with our decision to maximize engagement in their Teams and Slack channel...","published_at":"2021-10-18T00:23:23Z","author_name":"Sourabh Kothari","url":"/feed/149646","canonical_url":"https://wefunder.com/feed/149646"},{"id":148918,"entity_id":"wefunder:feed_item:148918","type":"FeedItem::Update","visibility":"public","title":"Investor Update: August 2021","preview":"Hi everyone,I hope you're staying healthy. We've noticed a number of our users and colleagues have been feeling ill and/or exhausted as the pandemic continues and the weather changes from summer to fall.On behalf of the Mindcurrent team, here are our\u0026nbsp;highlights for August:Customer Feedback Existing customers are happy and continue to share feedback about the impact Mindcurrent is having on their teams. Here's feedback we received from a customer using Mindcurrent via Slack: \"The Mindcurr...","published_at":"2021-09-23T00:24:40Z","author_name":"Sourabh Kothari","url":"/feed/148918","canonical_url":"https://wefunder.com/feed/148918"},{"id":147668,"entity_id":"wefunder:feed_item:147668","type":"FeedItem::Update","visibility":"public","title":"Investor Update: July 2021","preview":"Hi everyone,I hope you're enjoying summer while staying cool and healthy.On behalf of the Mindcurrent team, here are our\u0026nbsp;highlights for July:Customer Feedback and RetentionExisting customers are happy and are excited about the recommendations, data, and insights we're providing for their teams via Slack and Microsoft Teams.Testing HR BuyersWe concluded our experiment pitching HR leaders across organizations of various sizes.While they liked our user experience, data, and insights, they f...","published_at":"2021-08-13T23:12:22Z","author_name":"Sourabh Kothari","url":"/feed/147668","canonical_url":"https://wefunder.com/feed/147668"},{"id":146544,"entity_id":"wefunder:feed_item:146544","type":"FeedItem::Update","visibility":"public","title":"2021 H1 Update","preview":"My sincere apologies for the delayed communications. We had some personal setbacks while we continued to move the company forward with new paying customers.\u0026nbsp;Here's our update for 2021 thus far, and we're looking forward to building growth in Q3.As always, please let me know if you have any questions, suggestions, or concerns.Thanks.\u0026nbsp;Sourabh KothariCo-Founder and CEO","published_at":"2021-07-08T00:49:38Z","author_name":"Sourabh Kothari","url":"/feed/146544","canonical_url":"https://wefunder.com/feed/146544"},{"id":141231,"entity_id":"wefunder:feed_item:141231","type":"FeedItem::Update","visibility":"public","title":"December Update and Investor Survey","preview":"Happy New Year Mindcurrent Family!I hope the events earlier this month haven't dampened your spirits for 2021.\u0026nbsp;This will be a better year for everyone.Per your feedback we've created a shorter\u0026nbsp;format for our monthly updates, including a featured customer, in a single\u0026nbsp;Key Updates\u0026nbsp;slide.\u0026nbsp;Additionally, we need your input as we prepare our next round of fundraising in February.\u0026nbsp;PLEASE TAKE 2 MINUTES TO PROVIDE YOUR FEEDBACK HERE:\u0026nbsp;https://forms.gle/CPy9TSVgrkYZMG...","published_at":"2021-01-19T22:19:04Z","author_name":"Sourabh Kothari","url":"/feed/141231","canonical_url":"https://wefunder.com/feed/141231"},{"id":139638,"entity_id":"wefunder:feed_item:139638","type":"FeedItem::Update","visibility":"public","title":"Monthly Investor Update: November","preview":"Happy Thanksgiving, everyone!\u0026nbsp;While many of us couldn't be with our loved ones for Thanksgiving dinner, I believe we all have a lot to be thankful for.Below are the key points from our in-depth Monthly Investor Update slides for November.We signed on our second corporate customer, PCMA, in November. Congratulations, everyone! Please read more about PCMA in the update slides.We introduced the anonymous data aggregation feature for teams, allowing all employees (that are using Mindcurrent)...","published_at":"2020-12-07T00:48:42Z","author_name":"Sourabh Kothari","url":"/feed/139638","canonical_url":"https://wefunder.com/feed/139638"},{"id":139085,"entity_id":"wefunder:feed_item:139085","type":"FeedItem::Update","visibility":"public","title":"Monthly Investor Update: October","preview":"October was a busy month and we made good progress in sales, marketing, and\u0026nbsp;product development.Below are the key points from our in-depth Monthly Investor Update slides for October.We signed on our first corporate customer, Ultranauts, in October.\u0026nbsp;Congratulations, everyone!\u0026nbsp;Please read more about Ultranauts'\u0026nbsp;amazing story in the update slides.We’ve completed the Progressive Web App (PWA) for the new version and we’re carefully integrating the Python stress prediction mode...","published_at":"2020-11-17T21:49:11Z","author_name":"Sourabh Kothari","url":"/feed/139085","canonical_url":"https://wefunder.com/feed/139085"},{"id":137844,"entity_id":"wefunder:feed_item:137844","type":"FeedItem::Update","visibility":"public","title":"Monthly Investor Update: August and September","preview":"August and September\u0026nbsp;were busy months and we had some stressful moments due to the Oregon wildfires for a couple of weeks. Below are the key points from our in-depth Monthly Investor Update slides for August and September.Most of our app features and the first set of predictive models are in our Google Cloud Platform (GCP) Testing environment.\u0026nbsp;Both calendars (Google and\u0026nbsp;Outlook) have been integrated and based on requests from our earliest beta corporate customers, we are re-pri...","published_at":"2020-10-04T00:33:44Z","author_name":"Sourabh Kothari","url":"/feed/137844","canonical_url":"https://wefunder.com/feed/137844"},{"id":137249,"entity_id":"wefunder:feed_item:137249","type":"FeedItem::Update","visibility":"public","title":"Thank You!","preview":"There are only 5 HOURS LEFT in our campaign!Join the mission now.\u0026nbsp;$100\u0026nbsp;or $1,000 - it's up to you.\u0026nbsp;Your support is what counts. 🙏Thank you to our 147 investors who have helped us raise more than $229,000.Now is the time to launch Mindcurrent. Now more than ever!We're in an extremely difficult time for working professionals, parents, everyone.We all need help to get ahead of our stress.\u0026nbsp;So we can show up at our best each day.Thank you from all of use here at Mindcurrent.","published_at":"2020-09-09T21:56:43Z","author_name":"Sourabh Kothari","url":"/feed/137249","canonical_url":"https://wefunder.com/feed/137249"},{"id":137146,"entity_id":"wefunder:feed_item:137146","type":"FeedItem::Update","visibility":"public","title":"New Customers and Partners","preview":"\"We've had wellness benefits for years, and we've been managing stress for our employees. But this will be the first time that we'll be able to measure it. If we can measure it, then we can see what's really working and which wellness benefits we can cut out because they're not effective.\" - HR Director, Mindcurrent BETA customerAs we bring the new version to market, our early adopters are larger than the small businesses we originally\u0026nbsp;started with 6 months ago.Our partnership opportunit...","published_at":"2020-09-03T21:59:26Z","author_name":"Sourabh Kothari","url":"/feed/137146","canonical_url":"https://wefunder.com/feed/137146"},{"id":137028,"entity_id":"wefunder:feed_item:137028","type":"FeedItem::Update","visibility":"public","title":"New Campaign Close Date","preview":"We just learned from Wefunder that they will need 2 more weeks to consolidate our 100+ investors. So they can't close our campaign on Monday, August 31, 2020.\u0026nbsp;Instead, they'll close our campaign\u0026nbsp;the week of September 7th.\u0026nbsp;Let's use these extra 2 weeks to bring in folks who were\u0026nbsp;on the fence.\u0026nbsp;Let's get creative. Thanks!","published_at":"2020-08-29T00:50:18Z","author_name":"Sourabh Kothari","url":"/feed/137028","canonical_url":"https://wefunder.com/feed/137028"},{"id":136997,"entity_id":"wefunder:feed_item:136997","type":"FeedItem::Update","visibility":"public","title":"Why Now? Dr. Drew Brazier (co-founder)","preview":"Why did demand grow so quickly this year for Mindcurrent?Our co-founder and behavioral and performance psychologist, Dr.\u0026nbsp;Drew Brazier, explains how the pandemic gave rise to the need for personalized performance management and preventative stress reduction.As we close out our campaign (thank you to all our investors!), we're looking forward to on-boarding our corporate customers and helping their teams perform under current circumstances\u0026nbsp;with personalized, private suggestions\u0026nbsp;f...","published_at":"2020-08-27T23:21:34Z","author_name":"Sourabh Kothari","url":"/feed/136997","canonical_url":"https://wefunder.com/feed/136997"},{"id":136779,"entity_id":"wefunder:feed_item:136779","type":"FeedItem::Update","visibility":"public","title":"Monthly Investor Update: July 2020","preview":"July was a busy and productive\u0026nbsp;month for Mindcurrent across all fronts.\u0026nbsp;Below are the key points\u0026nbsp; from our in-depth Monthly Investor Update slides.With our features solidified, we're working on scalable, secure\u0026nbsp;infrastructure to manage midsize customers and a possible Phase I trial with the US Air Force.We gained commitments from midsize pilot customers and will draft contracts with them in\u0026nbsp;August.Our second cohort of interns started in July and will be with us until ...","published_at":"2020-08-18T08:18:58Z","author_name":"Sourabh Kothari","url":"/feed/136779","canonical_url":"https://wefunder.com/feed/136779"},{"id":136303,"entity_id":"wefunder:feed_item:136303","type":"FeedItem::Update","visibility":"public","title":"23 Days To Go: Revolutionizing Mental Health Services","preview":"\"The concept of using biometrics to identify, analyze, predict, and help manage diseases is going to be essential for improving the lives and health of our community going forward.\" - Mindcurrent investor.","published_at":"2020-08-08T23:43:43Z","author_name":"Sourabh Kothari","url":"/feed/136303","canonical_url":"https://wefunder.com/feed/136303"},{"id":136302,"entity_id":"wefunder:feed_item:136302","type":"FeedItem::Update","visibility":"public","title":"24 Days To Go: The Founders","preview":"\"I invested because of the founders' expertise and because this technology advances personal wellbeing and productivity - at a time when it's needed most.\" - Mindcurrent investor.","published_at":"2020-08-08T23:28:54Z","author_name":"Sourabh Kothari","url":"/feed/136302","canonical_url":"https://wefunder.com/feed/136302"},{"id":136234,"entity_id":"wefunder:feed_item:136234","type":"FeedItem::Update","visibility":"public","title":"25 Days To Go: Predicting Personal Performance","preview":"\"I like this new idea of identifying 'stressness' for the individual and helping the enterprise.\" - Mindcurrent Investor","published_at":"2020-08-06T12:11:00Z","author_name":"Sourabh Kothari","url":"/feed/136234","canonical_url":"https://wefunder.com/feed/136234"},{"id":135645,"entity_id":"wefunder:feed_item:135645","type":"FeedItem::Update","visibility":"public","title":"Mindcurrent + US Air Force","preview":"Here's the pitch provided to the US Air Force per their specifications. Our pitch was well-received and the Q\u0026A went very well. We're presenting at their upcoming Virtual Showcase for up to 4,000 Air Force personnel worldwide.\u0026nbsp;We'll provide updates as we progress through their selection process.","published_at":"2020-07-24T00:27:19Z","author_name":"Sourabh Kothari","url":"/feed/135645","canonical_url":"https://wefunder.com/feed/135645"},{"id":135644,"entity_id":"wefunder:feed_item:135644","type":"FeedItem::Update","visibility":"public","title":"Release Schedule and US Air Force Opportunity","preview":"We're extending our release timeline from July 27 to August 25 to allow 10 days for testing on the Apple App Store and 10 extra days\u0026nbsp;for usability testing, in preparation for our midsize customers and possibly the US Air Force.\u0026nbsp;Our pitch for the US Air Force went very well and we're speaking at their upcoming Virtual Showcase on how they can leverage AI to enhance the wellbeing of airmen and their families.We're excited and grateful to progress to the next stage of their selection p...","published_at":"2020-07-24T00:17:18Z","author_name":"Sourabh Kothari","url":"/feed/135644","canonical_url":"https://wefunder.com/feed/135644"},{"id":135129,"entity_id":"wefunder:feed_item:135129","type":"FeedItem::Update","visibility":"public","title":"Monthly Investor Update: June 2020","preview":"June was a great month for Mindcurrent\u0026nbsp;as we made significant progress\u0026nbsp;towards the 7/27 launch of our B2B version.\u0026nbsp;Below are the\u0026nbsp;key points I've pulled out from our in-depth\u0026nbsp;Monthly Investor Update slides.Mindcurrent was selected from 300+ proposals to pitch the US Air Force in late July in AFWERX's\u0026nbsp; \"Empowering Airmen and Family Wellbeing\"\u0026nbsp;within their\u0026nbsp;Base of the Future initiative.\u0026nbsp;We signed our first NDA with a mental health services platform. T...","published_at":"2020-07-10T07:46:45Z","author_name":"Sourabh Kothari","url":"/feed/135129","canonical_url":"https://wefunder.com/feed/135129"},{"id":134756,"entity_id":"wefunder:feed_item:134756","type":"FeedItem::Update","visibility":"public","title":"Why do they invest?","preview":"Why are experienced angels investing in Mindcurrent?Here's a perspective\u0026nbsp;from Steve Morris, the Executive Director of OTBC and the Westside Startup Funds.We're fortunate to have the support of such seasoned investors and their networks -\u0026nbsp;creating numerous opportunities as demand grows for stress and performance\u0026nbsp;management across numerous industries.","published_at":"2020-06-23T06:55:55Z","author_name":"Sourabh Kothari","url":"/feed/134756","canonical_url":"https://wefunder.com/feed/134756"},{"id":134677,"entity_id":"wefunder:feed_item:134677","type":"FeedItem::Update","visibility":"public","title":"Monthly Investor Update: May 2020","preview":"Thank you for another strong month and bringing us closer to launch (on 7/27).First of all, I hope you're all healthy and doing your best to stay happy as we make our way through significant changes here in America.For those of you outside the US, I hope you're getting a transparent view of the struggles and progress we're making, including legislative change to better protect and serve our fellow Americans.Secondly, I've pulled out key bullet points (below) from last month's update for those...","published_at":"2020-06-17T22:17:45Z","author_name":"Sourabh Kothari","url":"/feed/134677","canonical_url":"https://wefunder.com/feed/134677"},{"id":134351,"entity_id":"wefunder:feed_item:134351","type":"FeedItem::Update","visibility":"public","title":"The team just got bigger (over the summer)","preview":"Over the summer, more than a dozen interns will join\u0026nbsp;Mindcurrent from some of America's most prestigious undergrad and graduate programs.\u0026nbsp;These bright minds bring fresh ideas, valuable research, and amazing energy as we prepare for our launch in July.We're grateful to have them with us and we hope to provide mentorship, support, and a hands-on opportunity to produce technology that can change lives.","published_at":"2020-05-29T18:46:41Z","author_name":"Sourabh Kothari","url":"/feed/134351","canonical_url":"https://wefunder.com/feed/134351"},{"id":134097,"entity_id":"wefunder:feed_item:134097","type":"FeedItem::Update","visibility":"public","title":"Mindcurrent selected for Newchip Accelerator","preview":"Congratulations to the Mindcurrent team! We're thrilled to be selected by Newchip's Accelerator program, based in Austin. TX.\u0026nbsp;Over the next 6 months, Newchip's global network of mentors and investors will help us accelerate our fundraising, product launch, and initial sales growth.","published_at":"2020-05-22T21:11:08Z","author_name":"Sourabh Kothari","url":"/feed/134097","canonical_url":"https://wefunder.com/feed/134097"},{"id":129360,"entity_id":"wefunder:feed_item:129360","type":"FeedItem::Update","visibility":"public","title":"Introduction","preview":"As we relaunch our campaign, here's a quick look at our founding team.\u0026nbsp;Who are we?Why are we building AI that predicts and prevents stress?","published_at":"2020-05-20T21:43:17Z","author_name":"Sourabh Kothari","url":"/feed/129360","canonical_url":"https://wefunder.com/feed/129360"}],"q_and_a":[{"id":234265,"entity_id":"wefunder:comment:234265","question":"No updates in quite a while. Is this thing dead?","author_name":"David Rusnac","votes":1,"created_at":"2023-02-10T22:55:31Z","canonical_url":"https://wefunder.com/mindcurrent#question-234265","answers":[{"id":234268,"entity_id":"wefunder:comment:234268","answer":"Hi David, I hope things are going well on your side. We'll circle back with an update later this month. My apologies for the absence here on Wefunder.","author_name":"Sourabh Kothari","votes":0,"created_at":"2023-02-10T23:04:44Z"}]},{"id":224806,"entity_id":"wefunder:comment:224806","question":"Saurabh what if any updates do you have about your journey?","author_name":"Kranthi Kalagara","votes":1,"created_at":"2022-11-05T17:55:32Z","canonical_url":"https://wefunder.com/mindcurrent#question-224806","answers":[{"id":234269,"entity_id":"wefunder:comment:234269","answer":"Hi Kranthi, I hope things are going well on your side. We'll circle back with an update later this month. My apologies for the absence here on Wefunder.","author_name":"Sourabh Kothari","votes":1,"created_at":"2023-02-10T23:05:05Z"}]},{"id":150024,"entity_id":"wefunder:comment:150024","question":"Any company update since Apr 2020 last comment?","author_name":"Larry Yonish","votes":1,"created_at":"2021-05-21T11:26:48Z","canonical_url":"https://wefunder.com/mindcurrent#question-150024","answers":[{"id":234270,"entity_id":"wefunder:comment:234270","answer":"Hi Larry, I hope things are going well on your side. We'll circle back with an update later this month. My apologies for the absence here on Wefunder.","author_name":"Sourabh Kothari","votes":0,"created_at":"2023-02-10T23:05:16Z"}]},{"id":81748,"entity_id":"wefunder:comment:81748","question":"Hi - can you please explain more how this business works? Will the employer be paying for the app to get feedback from Employees? How can this be monetized? What is the competitive advantage that this app has over other stress-relief and stress-identification?","author_name":"Raymond Hooks III","votes":1,"created_at":"2020-03-07T03:18:03Z","canonical_url":"https://wefunder.com/mindcurrent#question-81748","answers":[{"id":252330,"entity_id":"wefunder:comment:252330","answer":"Replied separately.","author_name":"Sourabh Kothari","votes":0,"created_at":"2023-06-30T19:55:59Z"}]},{"id":85837,"entity_id":"wefunder:comment:85837","question":"Hi - can you tell me why this team is uniquely positioned to scale this company?","author_name":"Raymond Hooks III","votes":0,"created_at":"2020-04-12T19:35:24Z","canonical_url":"https://wefunder.com/mindcurrent#question-85837","answers":[{"id":252331,"entity_id":"wefunder:comment:252331","answer":"Replied separately.","author_name":"Sourabh Kothari","votes":0,"created_at":"2023-06-30T19:56:06Z"}]},{"id":85833,"entity_id":"wefunder:comment:85833","question":"Hi - can you please explain more how this business works? Will the employer be paying for the app to get feedback from Employees? How can this be monetized? What is the competitive advantage that this app has over other stress-relief and stress-identification?","author_name":"Raymond Hooks III","votes":0,"created_at":"2020-04-12T19:19:38Z","canonical_url":"https://wefunder.com/mindcurrent#question-85833","answers":[{"id":252332,"entity_id":"wefunder:comment:252332","answer":"Replied separately.","author_name":"Sourabh Kothari","votes":0,"created_at":"2023-06-30T19:56:11Z"}]},{"id":80971,"entity_id":"wefunder:comment:80971","question":"DO NOT INVEST through Wefunder. They presented fraudulent information for a Company I invested in (ThisIsGround), failed to hold up the agreement (defaulted on a revenue loan) and then have provided no response to demand of tax information given that the Company has gone bankrupt. This has been going on for months on end. DO NOT INVEST THROUGH WEFUNDER","author_name":"Christopher Jacob","votes":0,"created_at":"2020-03-02T16:30:17Z","canonical_url":"https://wefunder.com/mindcurrent#question-80971","answers":[]},{"id":80431,"entity_id":"wefunder:comment:80431","question":"Thanks for your answer. Assuming your reach 40M in revenues can you give me a ballpark idea of what your valuation would be?","author_name":"Leonardo Lee","votes":0,"created_at":"2020-02-28T00:52:27Z","canonical_url":"https://wefunder.com/mindcurrent#question-80431","answers":[{"id":252333,"entity_id":"wefunder:comment:252333","answer":"Replied separately.","author_name":"Sourabh Kothari","votes":0,"created_at":"2023-06-30T19:56:15Z"}]},{"id":80266,"entity_id":"wefunder:comment:80266","question":"Do you intend to pay a dividend (post-SAFE conversion)?","author_name":"Craig J. Vom Lehn","votes":0,"created_at":"2020-02-26T18:45:24Z","canonical_url":"https://wefunder.com/mindcurrent#question-80266","answers":[{"id":80366,"entity_id":"wefunder:comment:80366","answer":"Craig, thank you for supporting Mindcurrent and numerous other startups bringing new solutions to market. At this time, we do not intend to pay dividends in 2020 or 2021. Instead, we intend to reinvest profits to support our growth. I hope this helps.","author_name":"Sourabh Kothari","votes":1,"created_at":"2020-02-27T10:35:53Z"}]},{"id":80104,"entity_id":"wefunder:comment:80104","question":"What are your revenue projections for the next 5 years? If You are not allowed to disclose it then please share what your revenue goals are for the next 5 years. Thanks.","author_name":"Leonardo Lee","votes":0,"created_at":"2020-02-26T01:01:51Z","canonical_url":"https://wefunder.com/mindcurrent#question-80104","answers":[{"id":80365,"entity_id":"wefunder:comment:80365","answer":"Leo, thank you for this question and for your support. For an early stage startup like ourselves it is almost impossible to provide an accurate 5-year financial projection. Keeping this in mind, our ARR revenue goal in our fifth year (2024) is between $30M and $40M. I hope this helps and please feel free to reach out directly if you'd like to discuss our projections in greater detail. Thanks again.","author_name":"Sourabh Kothari","votes":0,"created_at":"2020-02-27T10:26:03Z"}]},{"id":79804,"entity_id":"wefunder:comment:79804","question":"You state the app is rated 5 starts, but actual ratings are 4.9 on Apple and 3.9 on Google. Please explain.","author_name":"Jeff Park","votes":0,"created_at":"2020-02-23T17:36:46Z","canonical_url":"https://wefunder.com/mindcurrent#question-79804","answers":[{"id":80362,"entity_id":"wefunder:comment:80362","answer":"Jeff, great observation. The story of Mindcurrent's evolution from the first to second prototype (both B2C), and now from the third to fourth prototype (from B2C to B2B) is loosely chronicled in our app store reviews. With more than 25,000 users we expect feedback, ratings, and reviews of every kind. The bulk of our regular power users are iOS and almost all our Apple App Store reviews are 5 stars. In fact, the only review that isn't was a technical support request that we responded to directly (offering our assistance to troubleshoot the user's specific issue). The few reviews on the Google Play Store that are low (1 to 3 stars) are either technical support requests or personal preferences that don't necessarily apply at scale to our broad user base. For example, one user was unhappy we didn't offer any faith-based experts providing stress reduction. Another one was unhappy we only offered a 14-day free trial (when we were pursuing a B2C monetization strategy with our third prototype). We gain valuable feedback through each review, but they don't equally determine the direction of our product. We've been fortunate to work with beta users who are open to candid conversations and direct feedback via emails and calls. These direct customer relationships have helped us discover dozens of specific points of feedback and numerous ideas and innovative new feature suggestions. We'll be capturing frequent direct customer feedback going forward as we grow the business via B2B sales.","author_name":"Sourabh Kothari","votes":0,"created_at":"2020-02-27T08:45:05Z"}]},{"id":79803,"entity_id":"wefunder:comment:79803","question":"Is there a PDF version of the investor deck?","author_name":"Jeff Park","votes":0,"created_at":"2020-02-23T17:21:32Z","canonical_url":"https://wefunder.com/mindcurrent#question-79803","answers":[{"id":80358,"entity_id":"wefunder:comment:80358","answer":"Jeff, thank you for your questions. We appreciate your active participation on Wefunder and how you've helped bring numerous solutions to market. The Wefunder team has added our Pitch Deck (PDF) to our Profile page under \"Downloads\". We had to compress the deck to reduce its file size, so please feel free to reach out to me directly if you'd like any additional details or if anything in the deck is unclear.","author_name":"Sourabh Kothari","votes":0,"created_at":"2020-02-27T07:38:37Z"}]},{"id":79800,"entity_id":"wefunder:comment:79800","question":"Are you currently generating any revenue? If not, when will you start? You make references to \"customers\" on the Wefunder page, but how are they customers if you're not generating revenue?","author_name":"Jeff Park","votes":0,"created_at":"2020-02-23T15:59:34Z","canonical_url":"https://wefunder.com/mindcurrent#question-79800","answers":[{"id":80363,"entity_id":"wefunder:comment:80363","answer":"Great question, Jeff. The short answer is that we opted against a B2C revenues last year for B2B revenues beginning in April. Here's the long answer ... Last year we tested B2C monetization with a freemium offering where consumers could download and use our app for free for 14 days, after which they were required to buy a monthly or annual subscription plan. The product was not fully ready but we decided to test the market's appetite for the features we were offering and found that between 2% to 3% of consumers were willing to pay for that prototype. Assuming improvements in the user experience and persistent and deliberate conversion techniques, we may have converted up to 5% of consumers had we pursued a B2C monetization strategy. But this would require a long runway (time) and a great deal of fundraising (resources), predominantly for marketing expenses. Instead, our B2B monetization strategy offers much higher ROI, a shorter path to profitability, a faster feedback loop for continuous product improvement, and numerous upsell opportunities with corporations and special-purpose entities for custom content, consulting services, and paid development efforts. You could consider this a significant \"pivot\" where our fundamental product offering hasn't changed (much), but our business model is now very different (B2B instead of B2C). We debated internally what we should call our early B2B adopters. We've been working closely with these companies, government agencies, and nonprofits for six months to determine the exact feature set for the B2B version of our product. Yet we won't charge them subscription fees until our new version is released in April. We decided on \"customers\" because that's what they are to us, i.e. they wish to receive our services in exchange for monthly subscription fees.","author_name":"Sourabh Kothari","votes":0,"created_at":"2020-02-27T09:56:11Z"}]},{"id":79758,"entity_id":"wefunder:comment:79758","question":"How long once the funding round is over before the program becomes live, and how are you marketing this generally or approaching businesses?","author_name":"Keith Levitt","votes":0,"created_at":"2020-02-23T11:25:22Z","canonical_url":"https://wefunder.com/mindcurrent#question-79758","answers":[{"id":79968,"entity_id":"wefunder:comment:79968","answer":"Thanks Keith, good questions. We’ve been working with a number of companies, government agencies, and nonprofits to finalize the features included in our next version and we need to deliver the new version to these customers in April. Our core value proposition, i.e. “why” our customers buy, is retention. By discovering, predicting, and reducing stress across their organization, we’re enabling greater performance, lowering risk and strengthening the company’s culture. Additionally, our data produces the employee (internal) equivalent of an NPS Score (external) to attract new talent. Our ideal customer has between 100-500 employees and is growing fast. Consider the top Midsize 100 Best Places to Work in each state. They’re actively hiring and investing in (data-driven) solutions that boost engagement, performance, and retention. Yet they’re small enough where management is still personally committed to the wellbeing of each staff member. Such companies offer sizable monthly subscriptions without long enterprise sales cycles and they’re willing to start quickly with pilot programs. We’ve also received a great number of inquiries from small businesses and we’re working on two pilots with enterprise customers. For small businesses we’re building a seamless self sign up process via inbound marketing, e.g. SEO, SEM, content marketing, paid social, retargeting, and affiliate marketing. For midsize and enterprise customers we’ve adopted an Account-Based Marketing (ABM) approach with the goal to “Land and Expand” in key verticals, such as financial services and high tech. To manage inbound and ABM together we use HubSpot. As we grow, we’ll need to scale beyond our own sales efforts via partnerships with management/leadership consultants and HR/wellness platforms. Additionally, to validate our solution (and potential ROI) we’re engaging teams at universities to publish joint peer-reviewed research. Mindcurrent’s first biometric behavioral study is currently in progress with the Brain Performance Institute, the Center for BrainHealth, and the University of Texas at Dallas. Thank you so much for this timely question. It allowed us to better outline details of our go-to-market strategy that weren't clearly explained in our Wefunder Profile.","author_name":"Sourabh Kothari","votes":0,"created_at":"2020-02-25T09:57:22Z"}]},{"id":79292,"entity_id":"wefunder:comment:79292","question":"How with your pricing structure work for the app and for companies who purchase the product for their employees? Do you know your expected profit margin for companies who buy this service and for subscribers who pay directly through the app?","author_name":"Elizabeth Hutter","votes":0,"created_at":"2020-02-20T15:50:47Z","canonical_url":"https://wefunder.com/mindcurrent#question-79292","answers":[{"id":79350,"entity_id":"wefunder:comment:79350","answer":"Thanks Elizabeth, this is a great question that addresses our target market, price sensitivity, and gross margins. I’ve provided the best information I can make public at this time, and I encourage all our investors to reach out to me directly should you require additional details. Mindcurrent’s financial model is built on B2B subscription revenues predominantly from companies, with a secondary market consisting of government agencies, nonprofits and universities. Based on early commitments with customers and discovery meetings with prospects, we’ve established simple pricing tiers based on company size. These range from $99 per month for small businesses with fewer than 50 employees, to $1,999 per month for companies with 501-1,000 employees. Assuming a modest growth rate from Q2 through Q4, we expect to break even by early 2021, as this pricing structure affords healthy margins without compromising customer service. Throughout 2020, we will not offer a premium version of Mindcurrent for consumer subscription. A base version will remain available at no cost to consumers, through which we will attract additional B2B customers who initially began using Mindcurrent for their own personal stress management. This includes thousands of existing beta users. Key features in the B2B version will either not be available in the free consumer version, or be available in a limited manner. Based on testing and adoption of premium features in early 2021, we can assess the opportunity for additional revenue through a premium consumer offering. However, we do not require B2C monetization to break even financially. I hope this helps. Thanks again for this question!","author_name":"Sourabh Kothari","votes":0,"created_at":"2020-02-20T22:55:37Z"}]}],"faq":[{"question":"How with your pricing structure work for the app and for companies who purchase the product for their employees? Do you know your expected profit margin for companies who buy this service and for subscribers who pay directly through the app?","answer":"Thanks Elizabeth, this is a great question that addresses our target market, price sensitivity, and gross margins. I’ve provided the best information I can make public at this time, and I encourage all our investors to reach out to me directly should you require additional details. Mindcurrent’s financial model is built on B2B subscription revenues predominantly from companies, with a secondary market consisting of government agencies, nonprofits and universities. Based on early commitments w..."},{"question":"How long once the funding round is over before the program becomes live, and how are you marketing this generally or approaching businesses?","answer":"Thanks Keith, good questions. We’ve been working with a number of companies, government agencies, and nonprofits to finalize the features included in our next version and we need to deliver the new version to these customers in April. Our core value proposition, i.e. “why” our customers buy, is retention. By discovering, predicting, and reducing stress across their organization, we’re enabling greater performance, lowering risk and strengthening the company’s culture. Additionally, our data p..."},{"question":"Are you currently generating any revenue? If not, when will you start? You make references to \"customers\" on the Wefunder page, but how are they customers if you're not generating revenue?","answer":"Great question, Jeff. The short answer is that we opted against a B2C revenues last year for B2B revenues beginning in April. Here's the long answer ... Last year we tested B2C monetization with a freemium offering where consumers could download and use our app for free for 14 days, after which they were required to buy a monthly or annual subscription plan. The product was not fully ready but we decided to test the market's appetite for the features we were offering and found that between 2%..."},{"question":"Is there a PDF version of the investor deck?","answer":"Jeff, thank you for your questions. We appreciate your active participation on Wefunder and how you've helped bring numerous solutions to market. The Wefunder team has added our Pitch Deck (PDF) to our Profile page under \"Downloads\". We had to compress the deck to reduce its file size, so please feel free to reach out to me directly if you'd like any additional details or if anything in the deck is unclear."},{"question":"You state the app is rated 5 starts, but actual ratings are 4.9 on Apple and 3.9 on Google. Please explain.","answer":"Jeff, great observation. The story of Mindcurrent's evolution from the first to second prototype (both B2C), and now from the third to fourth prototype (from B2C to B2B) is loosely chronicled in our app store reviews. With more than 25,000 users we expect feedback, ratings, and reviews of every kind. The bulk of our regular power users are iOS and almost all our Apple App Store reviews are 5 stars. In fact, the only review that isn't was a technical support request that we responded to direct..."}]}}}