Question 1

Like what you're doing, and probably would invest if not for your $1k minimum which isn't really in tune with most reg. CF investors.

Accepted Answer

Barnaby, Thanks for your comment and you are right that most crowd funds have a lower minimum than $1k. Given we are a B2B platform and most of our investors will be professionals from the market and insights industry, we felt that this was the right amount for two reasons. Firstly, to give our investors enough "skin in the game" to become active ambassadors and promote Veriglif among their colleagues. Secondly, to ensure that the gains are more significant and worthwhile participating.

Question 2

How many FT employee does Veriglif have?

Accepted Answer

Santosh, We officially have 2 full-time employees, myself and our CTO. However, we have 9 other team members who have and continue to put a massive effort into the project each and every day and we also currently use contractors. With this raise we will expand the team to more full-time staff.

Question 3

Hello, interesting idea. Let me ask where Veriglif fits in the marketing research world. I worked with marketing research firms such as Burke and Opinion Research for years; we often used data from online panels like eRewards and SSI, plus added on data from Experian and Acxio...

Accepted Answer

Steve, you can use Veriglif to better target consumers (sample) because you have more data on them from multiple sources; for example, one data supplier may have marital status and another has number of vehicles owned - together they can be purchased and blended automatically to give a lot more accurate view. You can use the network for data gathering like you have done in the past with Experian and Acxiom, except the data can be used offline (i.e. downloaded) without having to enter a separa...

Question 4

Interesting. What is your revenue model? Deck? Competition? Timelines? The normal questions. Thanks.

Accepted Answer

Jeremy, thanks for your question. Veriglif is like VISA or Mastercard - we charge a transaction fee to use the network. The sellers specify their price for their data assets. For market research usage this will be a few cents per record. There is an investor deck download in the profile called "Veriglif-Investor-v6.pdf" The closest competitor would be LiveRamp who sell online segments from 180 vendors. However our understanding is that to access this data for offline usage you need a separate...

Question 5

Hi, James, I have a question regarding about this Convertible Note. Is this Convertible Note with a Valuation Cap and Discount? what is the Interest, Discount, and Maturity date. Best Regards, Santos Boch

Accepted Answer

Dear Santos, it is a 24 month note with a 2% interest and 20% discount. We have not made any provisions in the note to deviate in anyway from the common notes. It is an unsecured loan that converts to stock within 24 months after it is issued. They are one the most popular forms of seed-stage startup investing because of their history. Convertible notes was chosen because it delays the difficult task of figuring out how much the startup is worth. The number of shares you receive is determined...

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