Is the valuation cap $27 million or $33 million? One page has $33m crossed out replaced by $27m. Documents on the SEC Edgar system show $33m. Which is it?

Hey Stan, I see your confusion. The first $1M of investments will be at a $27M valuation cap; anything above that we raise will be $33M. The idea here is I really want our dedicated customers and fans to be able to get in and feel good that you're getting this lower valuation cap before we open up the round to the general public.

How much are you looking to raise, and what are the expectations for how the capital will be used (key hires, etc.)? Further, what has you looking at crowd funding versus traditional venture investing? Will Khosla Ventures be involved in this round given prior investments? If ...

Hey Christoph, you can see a more technical breakdown in the "Use of Funds" section in Other Disclosures, but at a high level, funds will go towards (1) refining our measurement technology for even better accuracy, (2) launching and developing 3D visualization previews and sizing recommendations for MTailor first and then external brands, and (3) building out and scaling the SaaS platform for (2). This will translate to hiring larger engineering and machine learning / AI teams and investing i...

How did you arrive at the 27M valuation cap?

Hi James, $27M is actually the early bird valuation cap; the regular one is $33M. We arrived at $33M from talking to both our current investors and external investors; that takes into account the profitable ecom business, the largest commercially tested fit dataset in the world, our patented technology, the market opportunity, and the strong team we have assembled. I set the early bird valuation cap at $27M, because I didn't want valuation (vs. $33M) to be a huge barrier for our biggest belie...

Why do you repeatedly refer to MTailor as a "profitable" company when it is not yet profitable by your own financial disclosures? This appears disingenuous.

Hey James, I can see the confusion there. The ecom side of the company is quite profitable; however, we've been working on 3D visualization (and the SaaS business) for ~2 years. We've been utilizing the profits from the ecom business to fund all the new technology development (meaning a lot of engineering and machine learning / AI resources). Now that we're so close to getting 3D visualization into the world for the v1, we want to step on the gas to speed up iteration time of the technology!

Hi, did the investors in the 2014 SAFE have their investments converted to anything during the 2016 priced round or are they still waiting for an event? Will this SAFE affect them negatively in any way?

Hey Justin, good question! All our prior SAFEs were converted to preferred equity in our last priced round. This SAFE will, like any type of additional funding, dilute the prior SAFE holders a bit, but not any different than any other shareholder. But it'll allow us to hire and build out our technology roadmap much faster, so everyone should win in the end from the round :-).

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