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Isn't part of the problem that all our power systems have been privatized, thus complicating the transmission of power between disconnected systems? Do you have plans to unite disparate power utilities?","author_name":"Andrew Neely","votes":2,"created_at":"2021-05-20T15:21:15Z","canonical_url":"https://wefunder.com/quioveo#question-149789","answers":[{"id":150046,"entity_id":"wefunder:comment:150046","answer":"Hi Andrew, Thank you very much for your interest and for reaching out to us. Great question! This came up a lot in recent national conversations around the Texas grid failures in February 2021. In the context of the US electric system, Texas is a world unto itself since it self-selected to be isolated in both energy infrastructure and regulation. Their isolation prevented them from getting help and exacerbated an already tragic situation. No other part of the country is likely to be in the situation of having both their electricity generation infrastructure compromised as well as not being able to get energy supplied from other electric jurisdictions. So, this particular problem when compared to other electric jurisdictions is unique to one state: Texas and its electric jurisdiction, ERCOT. At Quioveo Energy, we don’t see a big issue with disconnected systems interrupting power transmission. Everyday, all day, electricity traffic controllers across jurisdictions work to ensure the grid is balancing supply and demand. They do an excellent job. Quioveo also doesn’t think the biggest issue with the US electric grid in the context of climate change is that most electric utilities are owned by quasi-monopolistic private entities, although that is true. The biggest, most strategic problem with the US electric grid that Quioveo targets is that its architecture is centralized, inequitable, opaque and has huge technical issues that stymy the flourishing of sustainable energy. In the context of climate change, the future we envision at Quioveo, is one where a large network of small distributed energy sources will work on top of or underneath the current centralized grid. This will make the current grid more resilient. It will empower individuals to be more self-reliant in terms of power and in terms of revenue generation. Lastly, it will help us all by making our energy system more green. You can’t change what you can’t see. That’s why our first product, Illuminator, is a tool that seeks to bring light to this opaque system, democratize the space and bring in new players. Overtime, Illuminator will allow us to build a larger platform and make our bigger vision a reality. We hope this both answers your question and excites you about investing in our campaign to make it a reality! In gratitude, Leo","author_name":"Leo Alicante","votes":2,"created_at":"2021-05-21T14:28:29Z"}]},{"id":138151,"entity_id":"wefunder:comment:138151","question":"Hi. I understand you are anticipating initial customers will be non-profits and local governments. You also mention you have about 10 customers with initial commitments of interest. Can you say who/what they are, and how will they value/pay for this service? I know it will be subscription model, but why is the spending worth it for them and how much? Also, how will initial data be populated on the platform for these customers?","author_name":"Adam Milgrom","votes":2,"created_at":"2021-03-27T20:05:55Z","canonical_url":"https://wefunder.com/quioveo#question-138151","answers":[{"id":138177,"entity_id":"wefunder:comment:138177","answer":"Thanks for these questions, Adam. Yes, we anticipate these will be our first customers, and they are 3 philanthropic organizations, 4 small DER producers/installers and 4 NGOs. We have a business model that is a combination of freemium and paid subscription users. These users are in the middle tier of our pricing structure. We are confident that this number of first customers in this tier allows us to meet our revenue goals as we go to market. They’re compelled to pay for the service because of the visibility of previously opaque information Illuminator will provide. This is valuable to them because access to this information will advance the wider mission of their work, either as renewable generators competing in the energy space or as changemakers whose successful campaigns hinge on better access to targeted climate intelligence. As for your last question about the ‘how’ of the data population, please clarify your question so we can be sure to get it answered for you!","author_name":"Leo Alicante","votes":1,"created_at":"2021-03-27T22:15:38Z"}]},{"id":136968,"entity_id":"wefunder:comment:136968","question":"Hey there. Will Thursday's event be recorded for viewing later? I unfortunately won't be able to make it at the scheduled time. Thanks in advance!","author_name":"Thomas ONeill","votes":2,"created_at":"2021-03-22T20:32:10Z","canonical_url":"https://wefunder.com/quioveo#question-136968","answers":[{"id":137292,"entity_id":"wefunder:comment:137292","answer":"Hi Thomas, yes it will be recorded and we will post it as an update here when it's ready. Encourage as many folks as possible to attend in real time so you can make sure your questions get addressed!","author_name":"Chuck Brown","votes":1,"created_at":"2021-03-23T19:25:02Z"}]},{"id":135293,"entity_id":"wefunder:comment:135293","question":"Hello. When will you start generating revenue? Once you do, what are your revenue goals for the first 5 years?","author_name":"Leonardo Lee","votes":2,"created_at":"2021-03-16T23:25:53Z","canonical_url":"https://wefunder.com/quioveo#question-135293","answers":[{"id":135642,"entity_id":"wefunder:comment:135642","answer":"Leonardo, Thank you very much for your question. When we successfully close the round in June, we expect to have a functional beta of Illuminator to take to market in Q3 2021. So from Q3 2021 to the end of 2022, we are projecting $300k in revenue, growing an average of 231.25% per year over the next 5 years.","author_name":"Leo Alicante","votes":0,"created_at":"2021-03-18T01:38:29Z"}]},{"id":134995,"entity_id":"wefunder:comment:134995","question":"Hi, Are you all planning on remaining an LLC for tax purposes? I really like the pass-through model. Also, do you all anticipate becoming profitable any time within the near future? Thanks","author_name":"Lucas Selvidge","votes":2,"created_at":"2021-03-15T20:32:14Z","canonical_url":"https://wefunder.com/quioveo#question-134995","answers":[{"id":135047,"entity_id":"wefunder:comment:135047","answer":"Thanks for the question, Lucas! Quioveo plans on remaining an LLC for the foreseeable future. And yes, once we're able to cover the development costs of completing Illuminator, monthly operating expenses will be quite low and should allow the company to become profitable within a year of closing this round.","author_name":"Chuck Brown","votes":1,"created_at":"2021-03-15T23:17:33Z"}]},{"id":276356,"entity_id":"wefunder:comment:276356","question":"Is there any update on this or is the company finished?","author_name":"Charlie Rebich","votes":1,"created_at":"2024-02-16T02:21:05Z","canonical_url":"https://wefunder.com/quioveo#question-276356","answers":[]},{"id":227774,"entity_id":"wefunder:comment:227774","question":"Any update on where things stand with Quioveo as of December 2022?","author_name":"T Jackson","votes":1,"created_at":"2022-12-05T19:53:52Z","canonical_url":"https://wefunder.com/quioveo#question-227774","answers":[{"id":228945,"entity_id":"wefunder:comment:228945","answer":"Hi Todd! Thank you for the note. Yes- ILLUMINATOR™ is launched and we are currently squarely focused on business development. You can see more about it in Quioveo's most recent email update to investors which went out via email on 9/13/2022.","author_name":"Leo Alicante","votes":0,"created_at":"2022-12-19T15:26:32Z"}]},{"id":153469,"entity_id":"wefunder:comment:153469","question":"I find this investment interesting. After reading the materials, it is unclear to me where you plan to get your source data (i.e. grid, usage). What technology source integrations do you plan to have that will inform your platform? Also, have those source system integration agreements been finalized?","author_name":"Michelle Alexander","votes":1,"created_at":"2021-06-10T17:42:50Z","canonical_url":"https://wefunder.com/quioveo#question-153469","answers":[{"id":153577,"entity_id":"wefunder:comment:153577","answer":"Hello Michelle, Thank you very much for reaching out to us. Some of the data is public. For obvious reasons, we are mindful when talking about the non-publicly available data, as this has to do with intellectual property. We are very confident that we have what we need (data, technology and the partners) to be able to deliver the product/s we promise in the calendar we’ve set. With some basic legal protection in place, we will be happy to talk to you one-on-one about data sources, technology source integrations, techniques, etc. Please reach out to us directly (clientservices@quioveo.com). In deep gratitude!","author_name":"Leo Alicante","votes":0,"created_at":"2021-06-11T19:15:41Z"}]}],"faq":[{"question":"Hi, Are you all planning on remaining an LLC for tax purposes? I really like the pass-through model. Also, do you all anticipate becoming profitable any time within the near future? Thanks","answer":"Thanks for the question, Lucas! Quioveo plans on remaining an LLC for the foreseeable future. And yes, once we're able to cover the development costs of completing Illuminator, monthly operating expenses will be quite low and should allow the company to become profitable within a year of closing this round."},{"question":"Hello. When will you start generating revenue? Once you do, what are your revenue goals for the first 5 years?","answer":"Leonardo, Thank you very much for your question. When we successfully close the round in June, we expect to have a functional beta of Illuminator to take to market in Q3 2021. So from Q3 2021 to the end of 2022, we are projecting $300k in revenue, growing an average of 231.25% per year over the next 5 years."},{"question":"Hey there. Will Thursday's event be recorded for viewing later? I unfortunately won't be able to make it at the scheduled time. Thanks in advance!","answer":"Hi Thomas, yes it will be recorded and we will post it as an update here when it's ready. Encourage as many folks as possible to attend in real time so you can make sure your questions get addressed!"},{"question":"Hi. I understand you are anticipating initial customers will be non-profits and local governments. You also mention you have about 10 customers with initial commitments of interest. Can you say who/what they are, and how will they value/pay for this service? I know it will be ...","answer":"Thanks for these questions, Adam. Yes, we anticipate these will be our first customers, and they are 3 philanthropic organizations, 4 small DER producers/installers and 4 NGOs. We have a business model that is a combination of freemium and paid subscription users. These users are in the middle tier of our pricing structure. We are confident that this number of first customers in this tier allows us to meet our revenue goals as we go to market. They’re compelled to pay for the service because ..."},{"question":"I'm very intrigued by your initiative. Isn't part of the problem that all our power systems have been privatized, thus complicating the transmission of power between disconnected systems? Do you have plans to unite disparate power utilities?","answer":"Hi Andrew, Thank you very much for your interest and for reaching out to us. Great question! This came up a lot in recent national conversations around the Texas grid failures in February 2021. In the context of the US electric system, Texas is a world unto itself since it self-selected to be isolated in both energy infrastructure and regulation. Their isolation prevented them from getting help and exacerbated an already tragic situation. No other part of the country is likely to be in the si..."}]}}}