Question 1

I might be blind, but how much are you raising? How do you justify the 5.6mio valuation? Not meaning to be harsh, as I am in consideration, but these specifics are too vague for me at the moment.

Accepted Answer

Hi Leon, thanks for taking the time to ask. Re: what we're raising, 300k+--it's flexible on Wefunder, and we're open to oversubscribing to an extent--it would influence how quickly we grow the company. In fact, our financial docs and related diligence is coming soon (and will be added to this campaign) and it explores use of funds in the smallest vs largest raise instances. Regarding the valuation, we have previously raised at this valuation almost one year ago, so we consider this to be a si...

Question 2

Hello Regarding early bird investment, what’s the valuation cap there ? And how to get the preference of liquidity?

Accepted Answer

Hi Wael, Thanks for your question and taking the time to ask. As you can see on the Wefunder listing for Unpluq directly, the valuation cap is $5.6M--it does not change for the early bird offer. However, the early bird offer is what gives you the liquidity preference of 1.5x, and it also gives you a 20% discount (that's for when it goes to a priced round).

Question 3

Unpluq's app usage data / analytics are undoubtedly valuable, even more so if the user base grows. Considering Unpluq's proclaimed dislike for Big Tech, what commitments are you willing to make against the use and disclosure of customer data (especially usage data)? Note this ...

Accepted Answer

Hi Alm, Thanks for asking this important question--it's one we care deeply about, too. We're crystal clear that you are not the product. We will never sell your personal, identifiable data (to third parties, etc), and we limit how we use your data in aggregate, anonymously. Here are some ways we DO use your data: - To improve our product: understanding our customers needs and expectations and intents helps us build a better product that serves you. An example: perhaps people who block dating ...

Question 4

Hello, can you share your thoughts on how often you will update us on how things are progressing with your goals and business plan? Secondly, do you intend to file the annual report with the SEC? Thanks for your feedback.

Accepted Answer

Hi Karolina, thanks for your question. Regarding updates, we send monthly updates currently to our existing investors, but for wefunder investors, we're including annual investor updates for $5k and $10k levels, and minimum quarterly investor updates for $20k and up levels. These are minimum promises of investor updates, and we may exceed them. Regarding SEC annual filing, we are required to file it unless certain conditions are met. As a private company, we aim to not file publicly more than...

Question 5

Hello, I just have a question about your proprietary knowledge. I'm curious to know if the Unpluq patent will combat some competitors. I've heard that your patent will push "Brick" to shut down, and I'm wondering if that is true. Thank you.

Accepted Answer

Hi Mateo, thanks for your question. Our patent is "Published" and has been since 2021 with the US Patent Office/Authority. We are in the final step of defending the patent. When we pass this step, the patent will be "Granted" and then defensible. There is a chance that it will not pass this step, as it is up to the patent authority. For any company that we believe is in violation of our IP, such as this patent, we do exercise our provisional rights by notifying those companies that they may b...

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