Major Updates: Business and Fundraising
We just updated our current Reg CF: https://wefunder.com/updates/131439 and copied here for your reference. It's over in 4 days (ends March 23rd at 11:59pm) so last chance to get in before the Reg A+ we are planning (which is planned at a much a higher price).
We've got some great stuff in the works, I go into detail in this video and will post individual update(s) with more details soon. Short story:
1) Business Development. We have things cooking with The Hartford, UBS and EDI Traffic. All are exciting and any one of them could be a "company making deal".
2) Fundraising. An investment newsletter with a very large number of subscribers wants to feature us in the May/June time frame. They have featured three companies in the past, each have raised 8-figures as a result, we are lined up to be their 4th. For this we'll need to do a Reg A+ to be able to take all the funds. It also means that our valuation will have to go way up, so anyone in on the Reg CF should get great treatment from the Price Cap in the SAFE (I'll do another post here with the details soon, still getting the lawyers to dot-the-i's on the details).
(and our lawyers want us to note that we are updating you on our Reg CF here, not yet inviting you to invest in the Reg A+ -- it has to be approved by the SEC before we're allowed to do that).
In any case, things are going great. I also note in the video that these are interesting times from a market standpoint. Two items of note:
1) When markets go down, crime goes up. When crime goes up, people with money spend it on security. Security historically does relatively well in down markets.
2) It's nice not being on the public market right now. However, by the time we are on a public market, we would expect a market recovery to have already taken place. Our timing might be great. Buy low, sell high :-)
Stay strong out there!