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Invest in Vyrill Inc.
Vyrill, a Google for web/social/mobile video, empowers video commerce for brands
Early Bird Terms: $139,200 Left
$60,800
raised
Invest via a
Convertible Note
$8M$7Mvaluation cap
First $200K will invest in a convertible note with a $7M valuation cap and 20% discount.
3%interest
20.0%discount
A Convertible Note is debt that converts to equity. If you invest, you're betting the company will be worth more than $7M in the future.
Funds will be disbursed soon. Vyrill Inc. will receive your investment shortly after Jan 20. After that date, you will not be able to cancel or refund your investment.
Vyrill Inc.'s fundraising campaign will remain open for additional investments after this disbursement.
Why you may want to invest in us...
| 1 | Vyrill offers deep AI driven video insights through the most powerful in-video search on the market |
| 2 | Our AI machines watch & listen to videos to analyze text, audio and images online |
| 3 | Tools to capture, view and license brand-safe, authentic user generated videos (UGV) fast & at scale |
| 4 | Brands can take immediate action on trending, new & authentic content from one dashboard |
| 5 | 85% of consumers say that video led shopping experiences are the best to make purchase decisions |
| 6 | For a richer, multi-media video led experience that influences shopping decisions and behavior |
| 7 | Immediately react to negative, un-safe and damaging brand content and reduce video fraud |
| 8 | Brands love we offer zero integration to start and ROI within 72 hrs of video aggregation & analysis |
Why investors us
we've raised $2,755,715 since our founding
Vyrill is years ahead of the race to enhance Video analytics to full potential. Every element of the video will become useful to Business, Advertising and Marketing.
Thanks to the application of AI that handles volumes, every brand can finally fully understand what is happening in the social space and invest accordingly.
I directly worked with the team on the first set of products and I believe that potential is unlimited.
Lead Investor Investing $22,000 this round
Great idea, technology and execution! Found your info on garje marathi platform (shared by Anand Ganu). Hope to connect with you. Wish you and your team all the best!
Thanks,
Sanjay Vaze
Cell 317-490-2570
Our team
Ajay Bam
CEO & CO-FOUNDER - Vyrill.com
Ajay built and sold a mobile shopping app company in 2009 and has been studying shopping behaviors for 15+ years.
Tasha Nesbitt
In the news
FIXME
The beauty of Berkeley's entrepreneurship ecosystem lies in the opportunities for entrepreneurs from all ages and backgrounds to assemble the perfect founding team - to incubate their startups in Berkeley spaces and celebrate launches and milestones with the whole Cal community.
October 2, 2020
@ innovators.berkeley.edu
Downloads
Investor Q&A
What does your company do?
Vyrill has trained machines to capture, watch and understand millions of videos on social, web or smartphones to help brand marketers increase revenue and find new customers by leveraging user generated video such as video reviews, feedback, unboxing, how to videos (and more) for insights, demand-generation, licensing and content marketing.
Where will your company be in 5 years?
In 5 years, we intend to be the world's largest premier video commerce platform enabling video led shopping experiences from search to product page to shopping cart. These are forward looking projections and seek to achieve that goal.
Why did you choose this idea?
How far along are you? What's your biggest obstacle?
Who competes with you? What do you understand that they don't?
How will you make money?
What are the biggest risks? If you fail, what would be the reason? What has to go right for you to succeed?
How diverse is your team?
Can I see a product demo/tour?
Financials
Vyrill Inc. has financial statements ending December 31 2019. Our cash in hand is $59,155, as of October 2020. Over the three months prior, revenues averaged $3,000/month, cost of goods sold has averaged $15,000/month, and operational expenses have averaged $50,000/month.
At a Glance
January 1
to December 31
$58,241
+159%
Revenue
-$1,242,051
Net Loss
$968,851
+84%
Short Term Debt
$656,990
Raised in 2019
$59,155
Cash on Hand
As of 10/ 6/20
As of 10/ 6/20
A note from Wefunder. Unlike companies on the NASDAQ, early-stage startups have little operating history. Financial analysis is not as useful when there is limited data. It's more important to predict the size of the future market. If the founder achieves their vision, will enough customers pay the company enough money?
It's also common for fast-growing startups to lose money even faster: they are investing in future growth. In these cases, it's often better to check if the Cost of User Acquisition (CAC) is lower than the Lifetime Value (LTV) of that customer. If one spends $1000 today to make $10,000 over the next five years, that may be a smart bet. Amazon is a famous example of re-investing potential profits to maximize growth over 20 years.
It's also common for fast-growing startups to lose money even faster: they are investing in future growth. In these cases, it's often better to check if the Cost of User Acquisition (CAC) is lower than the Lifetime Value (LTV) of that customer. If one spends $1000 today to make $10,000 over the next five years, that may be a smart bet. Amazon is a famous example of re-investing potential profits to maximize growth over 20 years.
Net Margin:
-2,133%
-2,133%
Gross Margin:
-92%
-92%
Return on Assets:
-6,390%
-6,390%
Earnings per Share:
-$0.25
-$0.25
Revenue per Employee:
$9,707
$9,707
Cash to Assets:
91%
91%
Revenue to Receivables:
11,648%
11,648%
Debt Ratio:
18,252%
18,252%
Vyrill Financial Statements Review 2019 and 2018.pdf
Risks
| 1 | One of our sources of video data capture are social media platforms. If they should decide to shut their APIs, this will affect our ability to deliver insights on that social media source for our customers. This could impact our offering and revenue. |
| 2 | 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. |
| 3 | Our business could be negatively impacted by cyber security threats, malware threats, attacks and other disruptions as we analyze and store massive amount of data. |
The Board of Directors
| Director | Occupation | Joined |
|---|---|---|
| Ajay Bam | CEO & Co-founder @ Vyrill Inc. | 2015 |
Officers
| Officer | Title | Joined |
|---|---|---|
| Ajay Bam | President Secretary CEO | 2015 |
Voting Power
| Holder | Securities Held | Voting Power |
|---|---|---|
| Ajay Bam | 2,500,000 Common | 49.3% |
| Barbara Rosario | 1,170,000 Common | 23.1% |
Past Equity Fundraises
| Date | Amount | Security |
|---|---|---|
| $49,050 | Convertible Note | |
| 06/2020 | $122,300 | Loan |
| 09/2019 | $15,000 | Loan |
| 07/2020 | $175,650 | Convertible Note |
| 05/2019 | $641,990 | Convertible Note |
| 06/2018 | $1,199,975 | Convertible Note |
| 02/2017 | $320,000 | Convertible Note |
| 02/2017 | $20,000 | Priced Round |
| 11/2016 | $50,000 | Convertible Note |
| 05/2016 | $100,000 | SAFE |
| 07/2015 | $50,000 | Convertible Note |
Convertible Notes Outstanding
| Issued | Amount | Valuation Cap |
|---|---|---|
| 07/15/2015 | $50,000 | $4,000,000 |
| 11/11/2016 | $50,000 | $5,000,000 |
| 02/01/2017 | $320,000 | $8,000,000 |
| 06/15/2018 | $1,199,975 | $8,000,000 |
| 05/22/2019 | $641,990 | $8,000,000 |
| 07/01/2020 | $175,650 | $8,000,000 |
Outstanding Debts
| Lender | Oustanding | Interest |
|---|---|---|
| Kabbage | $12,234 | 78.4% |
| SBA Loan and PPP | $122,300 | 3.75% |
Related Party Transactions
As of December 31st, 2019, the Company owes Ajay Bam and Barbara Rosario, $8,150 and $5,000 respectively.
Use of Funds
| $50,000 | 40% towards sales and marketing activities, 25% towards hiring one UI/UX engineer, 15% towards infrastructure growth, 13.5% towards advertising campaigns and 6.5% towards Wefunder fees. |
| $1,070,000 | 35% towards sales and marketing activities including hiring an account executive and product marketing, 40% towards hiring UI/UX engineers, API engineer and full stack developer, 18.5% towards infrastructure growth and 6.5% towards Wefunder fees. |
Capital Structure
| Class of Security | Securities (or Amount) Authorized |
Securities (or Amount) Outstanding |
Voting Rights |
|---|---|---|---|
| Common | 10,000,000 | 5,063,292 | Yes |
The Funding Portal
Vyrill Inc. is conducting a Regulation Crowdfunding offering via Wefunder Portal LLC. CRD Number: #283503.Form C Filing on EDGAR
The Securities and Exchange Commission hosts the official Form C on their EDGAR web site.
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1) These numbers include startups currently live on Wefunder if they pass their minimum target.
2) Some startups use two different laws at the same time (i.e., Regulation D and Regulation Crowdfunding).
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