Question 1

Will you be doing a reg A?

Accepted Answer

Hi Chris! We are doing a Reg CF for this round.

Question 2

What’s the purpose of “My Quirk Code”? :)

Accepted Answer

During comic con season, users could scan each other's Quirk Codes instead of having to exchange phone numbers. We later saw that a lot of people would post them on Instagram to ask their followers to add the on our app, so we adapted it for this. It's definitely in a process of evolving the more we monitor what actions our users are taking! One idea we have is potentially working with conventions to allow users to scan their codes for payments at vendor's booths, but we will see if it makes ...

Question 3

Do you have a verification system on the app for creators/influencers to be verified? If you don't have a system, might want to do that. And, can you verify those of us that invested? Let's gooooo

Accepted Answer

Hi Joseph, thanks for the suggestion. We didn't add badges or verification to our current version of the app, because then we'd have to create a system of who gets verified and who doesn't. With our current version focusing mostly on friendship, it would probably detract from the app. With that said, we'll possibly have badges after we add Quips and finish rebranding. If so, investors will be one of the first to know ;)

Question 4

What are your revenue goals for the next 5 years? I want to have an idea of what kind of growth you are envisioning for the company...

Accepted Answer

Hi Leonardo, thanks for the question. In 5 years, QuirkChat will have conservatively 50 million MAU (for comparison, an adjacent company with similar audience, Discord has 100 million MAU after about 5 years). We will monetize through microtransactions through the app and potentially subscription (somewhere between the $4.99-$9.99/month range). If we can monetize 10% of our monthly users and get them to spend $5 monthly, we will be around $300 MM annually. We will also strategically work with...

Question 5

Hi Bee, any plans to try to grow your user base in Asia. The pricing models you are thinking about would be great plus the obvious population advantages.

Accepted Answer

Thanks for the question, Frank! We are already building up our partners in Japan, Korea and Thailand thus far. We are focusing on North America at the moment until we grow a solid base here and learn more about international regulation.

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