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?

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...

How long once the funding round is over before the program becomes live, and how are you marketing this generally or approaching businesses?

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...

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?

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%...

Is there a PDF version of the investor deck?

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.

You state the app is rated 5 starts, but actual ratings are 4.9 on Apple and 3.9 on Google. Please explain.

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...

Mindcurrent Updates, Team, and Funding Progress | Wefunder, Home of the Community Round

Employee stress is a $977 Billion global problem.

Co-founders have 3 successful tech exits and 20+ years experience with behavioral psychology.

Beta customers include first responders, military, healthcare, and digital wellness platforms.

Patent-pending technology tested by 25,000 users across 40 countries.

2020 Startup Challenge Winner featured on NPR Radio and Neuroscience News.

Longitudinal biometrics and behavioral study with Center for BrainHealth and University of Texas.

Mindcurrent

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