Mindcurrent

Monthly Investor Update: May 2020

follower @ Mindcurrent

Published on Jun 17, 2020

Thank you for another strong month and bringing us closer to launch (on 7/27).

First of all, I hope you're all healthy and doing your best to stay happy as we make our way through significant changes here in America.

For those of you outside the US, I hope you're getting a transparent view of the struggles and progress we're making, including legislative change to better protect and serve our fellow Americans.

Secondly, I've pulled out key bullet points (below) from last month's update for those of you who may not have the time to review our Monthly Investor Update slides in detail.

  • Mindcurrent received a PPP loan providing immediate funds that may be forgiven per the Paycheck Protection Program Flexibility Act of 2020
  • Development is on-track for our 7/27 release with our pilot B2B customers
  • We submitted our proposal to the US Air Force's "Base of the Future" initiative, managed by their partner AFWERX 
  • 19 interns joined us for our summer internship, and have already made significant contributions to our UX, marketing, and data analysis
  • While our Wefunder campaign was paused during May, we still added 6 new investors. Welcome aboard! 

Thirdly, thank you for your patience with this update as it is 2 weeks overdue. We've been swamped in development while ensuring our team members are safe and able to actively participate in key activities taking place in their respective cities.

Lastly, we're relaunching our Wefunder campaign next week and I'll be reaching out to each of you over the weekend with small, specific requests.

As always, please do not hesitate to reach out to me, Drew, or Daniel with any questions, suggestions, or concerns you may have.

Please stay healthy and happy.

Thanks.

Sourabh

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