Hello Adam/Team - the roadmap (pg 13) in the funding deck talks about the MVP, and beta testing with "launch partners" - can you say anything about the current state of the MVP and the next steps for it, and about these launch partners and the feedback you received from them (...

We’ve completed the MVP version of our platform and have about 50+ people using it. The feedback has been strong. Users find that: (1) Having call recordings is very helpful; they can re-listen to them as needed. (2) The AI Call Summary of their calls makes it easy to “refresh” their memories when preparing for a pipeline review or getting ready for the next sales conversation. (3) The Sentiment Analysis - defined by our AI - provides an objective evaluation on how the buyer(s) felt. (4) The ...

You mention Chorus and Gong, both significant brands/user traction. What is your plan to win?

This is a great question that has multiple dimensions. First, sales Conversation Intelligence is a nascent industry. There are several players in this space, but when all combined, don’t represent a very significant amount of revenue...yet! We believe the space is ripe for multiple approaches and each player has a different “take” on how to best use the conversation data. Other platforms focus on the sales side; sales managers use their data to review sales conversations and help improve a sa...

Hi Adam - I love the product, definitely sense there’s a good market there, but I have concerns over the finances... I was looking into the Details section, specifically at the Runway & Short/Mid-Term Expenses. You have $60k in hand, expenses are $40k/month so you have 1.5...

Nick, there are several things baked into your question. If we don't raise any more funding, we'll manage our expenses very cautiously, reduce non-essential spend and focus on driving revenue. The technology already works well and while we'd like to continuously layer on more capability, this is not critical. On top of that, I'm prepared to self-finance the company for another 12 months, though at a reduced monthly burn. In our plans, we expect to do another more substantial raise in about 12...

Hi Adam- I am interested and have two questions. 1. There are too many crm companies. who are your main competitors? what competitive advantage do you have? 2. How are you different than Xm (https://www.qualtrics.com/)? How do you serve customer better than XM? thanks,-BH

BH, thanks for the question. First, I agree there are too many CRM companies. And most are hardly more than electronic rolodexes. They're missing the critical information from the sales conversation that makes it possible to develop a sales strategy and win the deal. Traq.ai doesn't replace the CRM. Rather, we perfectly compliment the crm by making it possible to inject the critical information into them. I've been selling for 25+ years and the problem we all have in sales is multifold: First...

Traq365 Corporation

Leveraging AI to Win More Sales

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traq365.com

Deerfield Beach, FL

Technology B2B SaaS AI

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Louie interviewed Traq365 Corporation on August 27, 2021. Play Video

Louie Nguyen, CFA

Louie has 25 yrs of investing experience ranging from global fund management to direct private equity investments focused on social impact.

Strengths

says, "Adam is a dynamic sales executive and seems to have the energy and conviction to make this startup a success. Love the idea of using AI to better gauge the potential of a sales lead as opposed to the enthusiasm of the call person."

Advice

says, "The startup does a great job of explaining how the AI turns the calls into searchable and usable data by upper management. It would be helpful to see how management uses that information via real life examples."

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LEAD INVESTOR

Invested $25,000 this round

I’ve known Traq365 co-founder Adam Rubenstein for 10 years. A Wharton School of Business graduate with 25 years of successful sales and sales management experience, he has proven vision to anticipate market trends, ingenuity to craft solutions, and perseverance to create a functioning vital company. As a business owner and professional business broker, I know the qualities necessary to be successful in this field, and Adam has them. Adam is an entrepreneur who has previously developed and sold several groundbreaking companies, each time demonstrating strong returns for his investors. Traq365 will revolutionize the sales process by utilizing the power of artificial intelligence. It will accurately identify hidden clues concerning buyer motivation and organize them into a useful format. The market potential is vast - Traq365 leverages the infrastructure and scale of existing CRM platforms. I truly believe in Adam. I am absolutely certain my initial investment is very well placed with Traq365!

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