Question 1

What is the actual runway the company has ? It says $60k in bank and $50k a month burn? And $1M in debt? Is this on brink of shut down? the growth numbers seem promising but wanted clarification

Accepted Answer

Great question, Lisa. Since our filing, we have reduced burn to $28k per month and have raised additional capital outside of WeFunder. The $1MM in debt is from contributed capital from the founding team, so while we would not want to burden the company with unnecessary debt with further contributions, the founders remain committed to keeping the company running for the foreseeable future with their own money. We also have over $500k in committed institutional capital that will come in when we...

Question 2

I invested $250 for this project, when can I expect to see the badge show up on my Unvale profile?

Accepted Answer

Hi! First of all thank you so much! Your support means a lot, and we can't wait to send you a cool way to display it on UnVale. After the campaign has concluded, we will be drafting the badge and doing some backend work to make sure it shows up on your profile. While we don't have an exact timeline for this, you can be sure well be on it shortly, and we will update you when we're close.

Question 3

Hi, interesting concept. I get you've built a "trusted" community. But what's to stop a "bad actor," no pun intended, from stealing someone's ideal in the community?

Accepted Answer

This question comes up fairly often! For one, we’ve invested heavily in features to keep community creations safe from day one. We’ve blocked all bots from our site that help train generative AI that follow rules in the metadata of our site. We’ve also released a watermark feature for original art to protect against bad actors, and we can have private character pages that you may want to keep to yourself or only share with close friends. However, for any creatives that share their work public...

Question 4

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 Eric, Yes, we are required to file an annual report 120 days after the end of the fiscal year. This is also required if we want to pursue a future wefunder. We have already sent out a monthly letter to investors and have been for the last 18 months, so following our successful crowdfunding, we will add all investors to this list to receive updates. We understand how important this transparency is, and we love to share our progress, wins, losses, and struggles with those who are in our corner.

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