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What's the launching price?
We plan to launch at a price of $15 a month, a price that we feel is accessible to our target demographics and allows us to monetize quickly.
What are our sources of capital?
We plan to pursue venture capital firms and individual investors to fund our business, as we believe that would give us much more flexibility than crowdfunding, as well as additional expertise and mentorship that would help grow our business.
How much will we cost to operate?
Adoption of existing technology naturally has variable costs, but we predict that with an running yearly investment of 2 million dollars, we can operate and navigate our initial phases with enough liquidity. This cost includes infrastructure, ensuring regulatory compliance, data acquisition, staffing, marketing, and insurance.
What will be our ROI? - Why invest in us?
We plan to operate at a loss initially in order to easily gain market share. As our market share increases, we will eventually profitable, which we foresee happening within one to two years. The cost of financial illiteracy is nearly 400 billion dollars a year to Americans, a sum close to the GDP of Denmark. If we are able to gain even a small part of these potential benefits, we will become profitable.
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