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Opyrus

B

https://wefunder.com/opyrus

Total raised on Wefunder: 252632

Total investors: 159

Quick facts

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Team profiles

Arthur Gutch
Jeffrey Steinberg

Featured investor profiles

Jeffrey Steinberg

Opyrus

B

Last Funded July 2021

$252,632

raised from 159 investors

Pitch Video

Investor Panel

Boston, MA

SaaS Subscription Edtech

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Hear from Opyrus’ Chief Content Creator About Two of Opyrus’ Keystone Products
Meet an Opyrus Advisor and Publishing Industry Veteran
Hear What This Writer Has to Say About Why He Invested in Opyrus
Your pitch says you've raised more than $2mm in funding, and the valuation rase on Wefunder here is set at $4.05mm. Doing the math, after this raise of $150k on Wefunder, plus $2m raised (more than 50% of the valuation) the majority of the company has already been sold to investors, limiting options for growth in future rounds. Was the $2mm that was raised non-dilutive? How much equity is available for future raises?
I like the overall concept and think that it is a cool idea. In addition to being positioned as a self betterment application, have you considered the education market segment? I teach college students and many struggle to write proficiently. I partly attribute this issue to lacking a proper foundation which has impaired their confidence in overall writing. In addition, many adolescence struggle to express their emotions and are hindered by anxiety/depression related issues. One can argue that this has been influenced by social media, COVID, and the overall current climate. Secondly, many corporations are promoting health and wellness programs for their employees. As a result, many offer various digital apps focused on physical/fitness, mental, emotion and spirital. It seems that this app would work well in that arena too. Have you determine the overall spend of the general health and wellness market segment?
I do like the whole mission-concept and would love to see something like this grow and succeed. It appears that FastPencil (now rebranded as Opyrus) and Infinity Publishing have what look like significant complaint issues: https://www.bbb.org/us/pa/conshohocken/profile/vanity-publisher/infinity-publishing-0241-80019395/customer-reviews https://www.amazon.com/Fastpencil-Your-Non-Fiction-Book-Days/product-reviews/160746196X https://www.yelp.com/biz/fastpencil-campbell https://writersweekly.com/ask-the-expert/complaints-about-fastpencil etc. I'm in no position to gauge how serious or pervasive these are compared to the overall customer base and/or how they may have changed over time, etc., so... Can you comment on how you see these issues today and how they have been, are being, or will be resolved going forward?
Why would you sponsor a company that has changed names 3 time? All same address. All same business. Fast Pencil is-was this company. Then Infinity Publishing. Fast Pencil never paid me one royalty. I paid for 10 books 2 months ago and have never received them.
Sounds like you plan on launching Write by Numbers in August/September. I assume this will be a Beta test version and you will rely on a small sample or test group via word of mouth. Will it be a test version and do you plan on doing some limited marketing for this new product? Will there be an official product launch?
Hi: I setup an investment on May 21st with a change on the same date, I have not seen the funds draft from my account yet - are you running several days behind?
Mr Gutch, I think the concern raised by Thomas Kiefer needs to be better addressed in more detail. For example, in your answer to Mr Kiefer you wrote 'Over the years the company has done a good job of managing over 15,000 publishing customers and over 30,000 other purchasers of books or services.'...end quote. But the thing is the majority of your customers are not writing good reviews about their experiences nor anything good about your company. Why? Reading the Amazon reviews I was hopping to find many good reviews and I found none. If you have thousands and thousands of customers, where can I read about their good experiences dealing with your company? I want to read about why they are coming back for new business and how good you are serving them. If customers only write about their complaints, that's a big red flag right there for all to see.
Art, as you know I am a big supporter of your business ideas. But can you give me a little more info on your new business model?
I really like this concept and I'm contemplating making an additional investment. However, I have to questions: 1) What's the overall market size? Tell me more about the market.. 2) What do you think will differentiate & make Opyrus a real success in the future?
what is the procedure for making another investment, but via a corporate structure? also, if i want to buy shares for each of my kids, what's the procedure?
Jeffrey Steinberg

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