Tyme: Tyme is an AI platform that automatically curates and delivers meals for groups

What does your company do?

Tyme is an order ahead platform that customizes the local world around you to your likes and preferences. With Tyme, look at your customized menu (powered by our AI engine ‘Emily’), place your order, and pick up or eat in at a wide variety of local restaurants around you.

Where will your company be in 5 years?

We want to enable physical merchants to win against e-commerce while becoming the natural go-to transaction vehicle for consumers. By decreasing reliance on online shopping and the environmental impact of e-commerce, we can help local communities thrive by bringing back local shopping.

What Problem Are You Solving?

Physical commerce is broken. On the merchant front, technology evolved from legacy point-of-sale systems, to tablet-based systems connected to the cloud, to the birth of a range of delivery companies, to numerous wallets coupled with traditional payment methods. On the consumer side, technology evolved from a world of cash and checks, to credit and debit cards, to the birth of different mobile payment platforms and an incoherent and fragmented delivery ecosystem.

What Does Your Technology Stack Look Like?

When fully deployed, the Tyme Commerce technology stack would include an omnichannel layer, a data management and analytics layer, an API layer, and a blockchain layer. These layers would work together to facilitate commerce transactions between consumers and merchants. The commerce transactions may also involve payment processors to the extent that payment methods include credit cards, debit cards, card-based electronic wallets, or other conventional payment instruments.

How Far Along Is The Product?

We designed the framework for the platform (please see the pitch deck for a deeper discussion) and we filed a comprehensive patent application that spans various aspects of the Tyme Commerce platform (100+ pages). A first prototype of UI has been completed, and we expect the technology will be ready for the first commercial deployment by December 2018.

How big is the market?

It is hard to determine a total addressable market (TAM) for the Tyme Commerce platform given the fact that it could reach in so many directions, from conducting sales transactions, to handling loyalty for both consumers and merchants, to processing payments via credit cards and cryptocurrencies, to acting as a peer-to-peer money transfer agent between consumers and/or businesses, to holding and monetizing a large dataset of commerce data (including collecting, processing, buying and selling data priced in TymeCash), to helping merchants optimize their supply chains, to helping vendors predict demand and optimizing their distribution networks, and so on. So in effect, if and when fully deployed, the Tyme Commerce platform could touch most areas of commerce, both in the physical world and online. Additionally, if the Tyme Commerce platform is fully deployed, a number of antiquated technologies could be retired within the consumer and merchant segments. This means that the space of commerce technology providers may also be altered, with some technologies across the omnichannel chain being disintermediated, which could lead to improved economics for merchants and lower prices for consumers while also rewarding Tyme Commerce in the process. For practical reasons, as a first step in approximating a TAM, we could look at the market size and use of mobile wallets, debit cards and credits cards to get an idea of what the TAM for Tyme Commerce would look like. There are approximately 250M+ mobile wallet transactions in the United States (and growing) annually. 250M+ transactions amount to about $9.4B in dollar volume on an annual basis. Average transaction rates for mobile wallet transactions range from 1.25% to 3% of the transaction value. If we look at debit cards, there are about 47B+ transactions processing annually in the United States. This amounts to about $1.8T+ in dollar volume being processed annually. On the credit card side, there are about 23B+ transactions amounting to about $2.2T+ in processing volume annually. Even if we assume landing at the minimal commission dollar volume of these transactions, this amounts to over $50B in TAM. Tyme Commerce would obviously not aspire to run all of those transactions, but even a fraction of that US TAM, plus the corresponding TAM abroad, could make Tyme Commerce a large global company with a global B2B, B2C and C2C ecosystem.

Who are your competitors? How are you different?

As discussed, the world of commerce technology is currently fragmented on both the consumer side and on the merchant side. An analysis of the commerce ecosystem suggests that there are many solutions that facilitate consumer and merchant transactions, but do not fully solve the problems that exist in physical commerce. A data point supporting this conclusion is that the brick and mortar world continues to struggle and lose market share against online commerce. On the one side, in-store Point of Sale companies like Toast, Lightspeed or Square allow consumers to transact while engaging with a cashier and usually waiting in line for a period of time. On the other side, there are a number of delivery companies that could theoretically alleviate some of the in-store issues, but consumers are confused by their choices while merchants have to juggle multiple apps. Companies like Doordash, Seamless, and Postmates are fighting for market share, while consumers are fighting for simplicity. Both the merchant and consumer experiences are suboptimal. If fully deployed, the Tyme Commerce platform would create a consistent, aggregated customer experience by allowing consumers to transact when and where they want, while improving the merchants’ economics and operations, whether the orders are for in-store consumption, pickup or delivery. If fully deployed, the Tyme Commerce platform would also create an ecosystem that would allow local merchants (retail) to finally compete and win against Amazon by providing consumers with access to real-time merchant inventories in the immediate geographical area, to purchase something for quick delivery or pick up. This could allow Tyme Commerce to reinvent local commerce, generate local economic activity, decrease long distance transportation and the corresponding global pollution generated by online purchases, decrease pollution and recycling demands caused by packaging materials from online deliveries, and hopefully contribute to the rebirth of neighborhood stores and local communities built around brick and mortar shopping. We do not believe that there is currently any effective competition along the lines that we envision for Tyme Commerce that creates a simple and elegant way for consumers to transact while providing to merchants the ability to build engaging customer experiences around their own brands.

Did you say you had a patent pending?

Yes, On January 25, 2018 (EST), the founders filed a patent application with the United States Patents and Trademarks Office, serial number 15/879,445, and titled “Omnichannel Commerce Platform with Integrated Mobile Shopping Platform, Online Shopping Platform, Commerce Data and Blockchain Layer.” As filed, the application included 108 pages. 8 drawings and 20 claims. The application was written with the intention that it would serve as a parent application for multiple patent families, where each family would focus on various aspects of the platform, and where individual applications within families would focus on specific inventive aspects.

Can I see your technology flow?

Please contact us to discuss the platform architecture in more detail. We are also planning to release a whitepaper shortly with a more comprehensive description of the technology and transaction flow.

What does the omnichannel layer look like?

The omnichannel layer would include a mobile app shopping platform designed to interact with mobile apps running on consumer mobile devices, such as mobile phones, tablets or other electronic devices. The mobile app shopping platform could provide a customized shopping experience for each consumer, which is based on the branding and user experience that the merchant desires to project to customers. The user experience could be further customized based on information received by the mobile app shopping platform from the data management and analytics layer or from the mobile app itself. For example, the shopping environment displayed to a consumer on a mobile phone for a restaurant may include the restaurant’s standard logo and general look and feel of the merchant’s website, but the order of the food items could be customized based on information known about the consumer (e.g., present first vegetarian means for a consumer who typically orders vegetarian meals), the modifiers for specific meals could be adjusted based on known customer preferences (e.g., deselect tomato add- ons for a consumer who typically avoids tomatoes), specific colors or font sizes could be adjusted for a consumer who tends to prefer certain graphical user interface (GUI) characteristics, and so on. In general, the mobile app shopping platform would seek to use information available about each consumer to provide a customized shopping environment for that consumer that balances the merchant’s branding with the consumer’s preferences.

Do you have prototypes of your technology?

Yes, also they are early-stage prototypes that will evolve quickly! Please take our prototypes for a test drive here: Consumer Front-End Merchant Front-End

1	We strive to become the Amazon.com of Brick & Mortar Commerce (a leader in Payments and Loyalty)
2	Though not necessarily a predictor of the success of Tyme, the founders previously grew a POS business by $55 million+ in ARR in three years
3	We are building an advanced Omnichannel architecture with crypto-tokenization of loyalty to streamline loyalty across brick & mortar merchants
4	The founders have a strong understanding of the commerce industry and can effectively leverage partnerships across the Omnichannel spectrum to drive penetration in SMBs and Enterprises quickly
5	Based on survey results, 56% of merchants know they need better technology to refocus on the customer experience.
6	We filed a comprehensive patent application to protect some aspects of our technology platform, and we plan to file additional applications over time for defensive purposes.
7	Patent filed for proprietary Tyme Cubbies (which work with the Tyme platform to keep your food hot or cold and then open when you approach your pickup spot).
8	Over 100 Merchant Contracts Signed

1	The Company may never receive a future equity financing or elect to convert the Securities upon such future financing. In addition, the Company may never undergo a liquidity event such as a sale of the Company or an IPO. If neither the conversion of the Securities nor a liquidity event occurs, the Purchasers could be left holding the Securities in perpetuity. The Securities have numerous transfer restrictions and will likely be highly illiquid, with no secondary market on which to sell them. The Securities are not equity interests, have no ownership rights, have no rights to the Company’s assets or profits and have no voting rights or ability to direct the Company or its actions.
2	The Company's is early stage, and cannot guarantee its future success. The current business model is not proven and the Company has not had any revenue yet. The Company will incur various costs as it develops its technology and positions itself for operations. As a result, the Company's business model is due to change and adapt according to market conditions, product market fit and finding a successful sales and revenue model.
3	The Company's business model depends on a number of factors. There is no assurance that the Company’s business model will be successful or that the Company will generate any particular level of revenues. The Company may be forced to change or abandon the Company’s business model in order to find a product market fit and valuable revenue stream for its products and services.
4	In order to respond to market changes, the Company’s management may from time to time make changes to the business of the Company. There are certain risks associated with such changes. As a strategic response to changes in the competitive environment, the Company may from time to time make certain pricing, service or marketing decisions or business combinations that could have a material adverse effect on the Company’s business, results of operations and financial condition.
5	The Company's ability to increase the Company’s user base and revenues will depend heavily on the Company’s ability to innovate and to create successful new products and services. If products or services the Company introduces fail to engage users, the Company may fail to attract or retain new users and may not be able to generate additional revenue and the Company’s business may be materially and adversely affected as a result.
6	The Company will have to adhere to complex laws and local regulations regarding operations, employing and hiring. It must also adhere to all international trade and tax requirements as a result.
7	If adequate funds are not available or not available on acceptable terms, the Company may not be able to fund its expansion, promote its brand names as the Company desires, take advantage of unanticipated acquisition opportunities, develop or enhance services or respond to competitive pressures. Any such inability would have a material adverse effect on the Company’s business, results of operations, financial condition and prospects.
8	Investors will not see a return on the Company until acquired, IPO, or becomes profitable to start paying dividends to shareholders. None of those events are guaranteed to happen. Also, dividends will only be paid if and when declared by the Board.
9	Blockchain technology is still in its infancy and has not been proven in a large scale consumer space. A significant proportion of the Company's business model relies on factors in the blockchain space outside its control, including the following: Growing amount of users using blockchain technology, New and improved uses of blockchain technology to solve consumer problems, Public perception of blockchain technology, Unknown and future regulatory laws and restrictions surrounding blockchain technology.
10	Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.
11	Marius Domokos is a part-time officer. As such, it is likely that the company will not make the same progress as it would if that were not the case.
12	We operate in competitive markets and our future success will be largely dependent on our ability to provide quality products and services at competitive prices. We face competition from other industry players who may be larger, better established in the market, and have more resources.
13	The company has not yet authorized the preferred stock that investors in this SAFE may receive upon conversion.
14	We are in the process of applying for a patent. That patent application may not be accepted, and even if it is, our intellectual property may be compromised. We make a significant effort to protect our intellectual property rights. Even with our efforts to protect our rights, there is a possibility that parties lacking authorization will attempt to copy our intellectual property and use our business secrets. If that should happen, our business could be harmed. In addition, we may be forced into litigation, which often is expensive and time-consuming, and the outcome of such litigation could have a negative impact on our competitive position.

Director	Occupation	Joined
Marius Domokos	Attorney @ Wilson Sonsini Goodrich & Rosati	2017
Bobby Marhamat	Chief Revenue Officer @ Highfive Technologies, Inc.	2017

Officer	Title	Joined
Marius Domokos	Director	2017
Bobby Marhamat	Director	2017

Holder	Securities Held	Voting Power
Bobby Marhamat	5,000,000 Common Stock	50.0%
Marius Domokos	5,000,000 Common Stock	50.0%

Tyme

Tyme is an AI platform that automatically curates and delivers meals for groups

Tyme

Tyme is an AI platform that automatically curates and delivers meals for groups

$127,630
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74
total investors

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we've raised $127,630 from 74 investors since our founding

Tyme to Fix L-Commerce

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$125,000	Develop technology (70%) Hire basic staff (emphasis on Sales and Business Development) (25%) *Wefunder Fee (5%)
$1,070,000	Accelerate technology development (25%) Scale staff hiring (with emphasis on Sales, Business Development and Engineering) (50%) Accelerate merchant penetration (20%) Wefunder Fee (5%)