CLOSED
GET A PIECE OF ELEMENO HEALTH
Empower frontline heroes at the point-of-care, in COVID & beyond
$1,234,241 Raised
TEAM
Arup Roy-Burman, MD • Co-Founder & Chief Executive Officer
Scott M. Cohen, MHA • Chief Operating Officer
Carole A. Klove, RN, JD • Chief Nursing Officer
Reasons to Invest
- Traction & Key Clients: $1 Million ARR. 20+ healthcare facilities. Steady growth through COVID-19. Clients include UCSF Health, El Camino Hospital, Children’s Hospital of New Orleans, RWJBarnabas Health, and Massachusetts General Hospital.
- Proven ROI & Market Potential: Multiple published results cutting medical errors 50+%. Measured client ROI 10-30x. $2 Billion market.
- Addresses the biggest problems in healthcare today: medical errors, waste, and burnout.
Overview
Real-Time Point-of-Care Training - Equipping Frontline Teams to Reduce Care Variation, Errors, and Burnout
The Problem
Medical Staff Are Overwhelmed, Overworked
Medical errors and burnout— pains we have all seen and heard in every hospital, clinic, and nursing home. And COVID-19 is just making it worse.
Healthcare is becoming increasingly complex. Best practices are rapidly growing and changing. Frontline staff—nurses, docs, and therapists—cannot keep up. They are overwhelmed, yet they are being asked to do more and more. We believe this is resulting to some of the biggest problems in healthcare today:
- Staffing crisis: We don't have enough frontline staff; healthcare systems need help to RECRUIT, TRAIN, SUPPORT, and RETAIN.
- Medical errors: Inadequately trained/supported staff paired with increasingly complicated practices means increasing CARE VARIATION and ERRORS.
- Costs: lack of access to best practice standards and inconsistency in frontline practices leads to inefficiencies and waste - and that costs $$$.
Sadly, with these problems healthcare institutions continue to fall back on traditional team training and communication modalities like binders, fliers, email, and in-person staff meetings. These 20th century solutions do not work in 21st century medicine. The result is staff burnout and care variation—meaning medical errors, waste, and job turnover.
The Solution
Transform Complicated Practices Into Bite-Sized Learning
We offer real-time training and support for frontline teams—an expert in your pocket. At Elemeno, we are a software company with a human touch. We provide a dedicated Client Success Manager who ensures ROI and customer satisfaction.
Elemeno’s mobile-friendly cloud solution delivers “just-in-time” team training and communication, equipping frontline nurses and doctors with custom interactive guidelines, smart checklists and concise how-to videos, on-demand, 24/7.
We make complicated practices actionable, so staff can actually deliver them. Our analytics drive insight into caregiver behavior and practice effectiveness. And our feedback loop gives frontline staff a voice so that management can proactively address frontline needs before they manifest as patient harm. The result is consistent high quality care...
… meaning greater safety, labor savings, and improved outcomes.
You’ve seen the importance of teamwork in healthcare. Healthcare workers want to help each other. Elemeno takes this to the next level. Our sharing network de-silos hospitals, democratizing access to best practices and accelerating knowledge spread across the industry. And we make it easy. No IT needed.
The Market
A Multi-Billion Dollar Market
The US market for clinical staff alone is $2 Billion.
And here’s how we strategically complement established market channels:
Our Traction
Growth & Proven Results
Here’s how we’ve been doing so far:
How It Works
Create & Deliver
Learn & Do
Healthcare is local! Elemeno is an enterprise solution empowering middle management and frontline teams to address department-based issues. This is invisible piece of the iceberg ignored by technology to date.
It looks something like this:
The Business Model
How We Make Money
Our revenue system is B2B SaaS with a land and expand model—including an annual subscription and one-time onboarding fee. We start in one department, prove our value, and then work with the happy managers to sell to the rest of the institution.
The Network Effect: Healthcare is all about collaboration! Each department’s content is shared with all others in the same institution, so as each new department joins, everyone has greater benefit. This accelerates our expansions.
The Network Effect 2.0: We take collaboration to the next level. Every client is also able to share practices with managers at peer institutions, so with each new client, our client network has even more to share from. This de-silos hospitals and accelerates the spread and adoption of best practices. Don’t reinvent the wheel. Leverage the collective knowledge of the community. And let inter-client sharing accelerate new client acquisition.
How We Are Different
We Are Pioneers
Healthcare is a constant battle. And nurses, doctors, and ancillaries are our frontline troops. We believe in equipping them for success. Our customized microlearning solution supports our healthcare teams at the point of care, on-demand, 24/7. Our service unites:
Efficient and effective team communication—keeping staff up to date with constantly changing information while listening to frontline feedback.
In-context microlearning—ensuring sustained top of license best practice.
Transparent recognition—supporting teamwork and engagement.
Easy customization allows clients to support their own specific devices, equipment, supplies and protocols, giving frontline staff the exact support they need to succeed in their own unique environment. And, our feedback loop helps managers quantitatively and qualitatively measure frontline needs. We fill the gap left by our competitors.
The Vision
Our Global Vision
In seven years, we want to be an epic business—the go-to network for best practices worldwide.
We aim to democratize access for healthcare workers across the globe, empowering them to become superheroes. This will radically reduce medical errors and enable every clinician to deliver the best care possible to every life they touch.
OUR LEADERSHIP
Meet Elemeno’s Leaders
At Elemeno Health we have a team of strong leaders who have a passion for our mission. We are proud to be certified by the Western Regional Minority Supplier Development Council as a Minority Business (MBE). We continue to celebrate all diverse backgrounds at Elemeno Health.
Founder and CEO Dr. Arup Roy-Burman and COO Scott Cohen have deep expertise in healthcare delivery, medical technology, and growing a successful business.
Why Invest
We Are Here to Equip Our Frontline Heroes for Success
Healthcare is moving faster than ever, and our frontline staff cannot keep up. They are overwhelmed, resulting in practice variation and burnout—the root causes of medical errors, waste, and turnover.
Our solution has been developed by doctors and nurses who have felt that pain themselves—using that incentive to fuel a successful product.
We empower our frontline teams with real-time point of care training and support so that they can be superheroes. Our success is demonstrated in our $1M+ ARR traction, proven ROI, and key clients. And through the sharing network effect, every new client increases value for all clients—a virtuous cycle of collaboration. Come join the movement.
GIF
ABOUT
HEADQUARTERS
2910 Ford St., Suite D
Oakland, CA 94601
WEBSITE
View Site
TERMS
Elemeno Health
Overview
PRICE PER SHARE
$0.86
DEADLINE
Oct. 23, 2021 at 6:59 AM UTC
VALUATION
$20.03M
FUNDING GOAL
$10K - $3.93M
Breakdown
MIN INVESTMENT
$249.40
MAX INVESTMENT
$106,999.48
MIN NUMBER OF SHARES OFFERED
11,627
MAX NUMBER OF SHARES OFFERED
4,569,766
OFFERING TYPE
Equity
SHARES OFFERED
Series Seed-2 Preferred Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
We Would Love to Recognize You as a Patient Safety & Nurse Champion.
(Recognitions posted on our Investor web page)
$25,000+ Angel of Nursing
In tribute to Florence Nightingale: The Lady with the Lamp, Visionary Statistician, Founder of Modern Nursing
$10,000+ Red Cross Award
In tribute to Clara Barton: The Lady in Charge, Civil War Nurse, Founder of American Red Cross
$5,000+ Military Nursing Champion
In tribute to Hazel W. Johnson-Brown: Trailblazer in Military Nursing, First Black Chief of the US Army Nurse Corps.
$2,200+ Hospice Care Advocate
In tribute to Florence Wald: Mother of Modern Hospice Movement, Advocate for Patients’ Dignity, Freedom from Pain, and Right to make Autonomous Decision
$1,000+ Rural Health Ally
In tribute to Mary Breckinridge: Pioneer in Rural healthcare, Founded Frontier Nursing Service, Drastically Decreasing Maternal and Infant Mortality in early 1900’s
$300+ Public Health Contributor
In tribute Lillian Wald: Pioneer in Public Health, American Nurse, Humanitarian
(Here's how prior investors from Republic are honored on our web page: https://www.elemenohealth.com/investors/)
Irregular Use of Proceeds
ALL UPDATES
11.05.24
2024 Public Benefit Corporation Report
2024 Public Benefit Corporation Report
Elemeno Health is a Delaware Public Benefit Corporation. The specific public benefit purpose of the Corporation is to democratize frontline access to best practices and enable healthcare institutions to deliver safer care at a lower cost.
Our Objectives
Launch Elemeno in distinct healthcare facilities
Support team leaders to advance team priorities
Empower frontline healthcare professionals with just-in-time resources
Promote knowledge and best practice resource sharing between healthcare facilities
Our Standards/Metrics
Number of sites/facilities
Number of individual teams (units or departments)
Number of annual active users
Number of knowledge and best practice resources available to frontline workers
Number of knowledge and best practice resources available in our shared library
Our Performance (Oct 2024)
Number of sites/facilities: 38 instances of our app serving 42 hospitals, many with additional facility/campus/clinic locations
Number of individual teams (units or departments) supported: >300
Number of annual active users: >10,000
Number of knowledge and best practice resources available to frontline workers: >17,800
Number of knowledge and best practice resources available in our shared library: >2,600
Our Impact
Elemeno delivers just-in-time support to frontline healthcare professionals so that they can consistently provide higher quality care. Consistency with desired processes improves outcomes, which are measured by our clients. Our clients are repeatedly presenting and publishing results highlighting their successful use of Elemeno to improve quality and lower costs.
Decreased staff onboarding/orientation times (40-60%)
Reduced training costs (by up to $14,000/RN)
Improved patient outcomes (decreasing hospital-acquired conditions by up to 75%)
Our continued growth and expansion of the use of Elemeno to more facilities, more teams, and more healthcare professionals is expanding the delivery of high quality, equitable care to the general public and improving the financial sustainability of healthcare institutions.
08.19.22
Elemeno Health Q2 2022 Update
Dear Elemeno Health Investors,
In this year of global market volatility and a seemingly endless pandemic, I am pleased to announce closing of our $7M Series A financing, led by SJF Ventures! SJF has been a leader in both venture capital and sustainability for over 20 years. They are currently investing out of their fifth fund ($150M) and led our round with a $5M investment. SJF was joined by Sustain VC, which invested an additional $1M alongside.
Omicron has hit health systems hard—not only with another surge of patients, but more importantly this time, with staff. As so many frontline caregivers became ill and/or left their positions, management were—and continue to be—pulled into staffing. This translated to near halting of the follow up internal multi-stakeholder meetings at prospects necessary to close new deals. With so many staff out—across clinical care, leadership, IT, and training—it has been especially challenging to drive necessary group approvals in a timely manner. Although this has flattened sales, the underlying pain for health systems (high workforce turnover paired with growing healthcare complexity) is more acute than ever.
SJF Ventures saw the opportunity. They dove into our business over 5 months, including deep diligence with many of our customers. With strong domain expertise in both healthcare and workforce development, SJF was excited to welcome their first portfolio company crossing these two critically important verticals. This is how SJF recently described their investment:
“SJF Ventures led the $7 million Series A investment round in Elemeno Health, the developer of a proprietary solution serving frontline healthcare teams. Elemeno has built a “playbook in your pocket” for nurses, which helps them enhance patient care and execute their day-to-day tasks more efficiently. The “playbook” includes easily digestible content that can be customized by individual hospital departments. Its use has been associated with increased nurse satisfaction and a decrease in turnover by up to 50%. Improved consistency of care has resulted in decreased medical errors and hospital-acquired conditions by up to 75%.”
Read more about SJF's investment in Elemeno here
Now with the steady return of in-person conferences, combined with increasing word of mouth, we are seeing good growth in new leads to add to our pipeline. And with the Series A, we are deploying capital to service our growing demand.
KPIs:
- Q2 Annual Recurring Revenue (ARR): $1.76M (incremental growth v Q1)
- Churn: 0
- New business: $15k (expansion)
- Q2 Pipeline: $5.42M (increased from $4.17M Q1)
Sales:
- New logos/contracts: None in Q2 (our next sale, first in NY state, will be closed/launched in August)
- Expansions: One hospital system
- Pipeline Total: $5.42M (direct sales)
- Qualification/Discovery: $1.75M ($263k estimated close)
- Solution Design: $1.28M ($384k est. close)
- Proposal: $2.27M ($1.36M est. close)
- Negotiation: $113K ($101k est. close)
- Team:
- We are thrilled to announce the arrival of Amy Waldrup PhD, MSN, RN, as our first Key Accounts Executive. Amy is former Sr. Director of Patient Care Services at Children’s New Orleans, one of our long time enterprise clients. Amy will be focused on building relationships with our executive sponsors and accelerating client expansions.
- We have been pleased to have so many nurses joining Elemeno, as they have deep empathy for the pains of our customers. We have recently transitioned one of our RN Client Success leads to sales, and we are in negotiation for a Head of Sales with deep experience in hospital sales, sales mechanics, and startup/growth success. Stay tuned!
- In the interim, we have been building out sales process automation, allowing us to standardize sales motions across all team members and ensure fidelity of practice.
Marketing:
- Building the Messaging Foundation
- Quantitative Market Research: We are contracting with an outside party to conduct qualitative market research so that we clearly understand which messages resonate with our target audience (s). The insights gleaned from this project will make it easier to create impactful marketing materials that resonate with our audience (Chief Nursing Officers, unit/dept directors, etc.)
- Collateral Development
- Case studies: together with our clients, we are writing up multiple case studies with current clients who have shown $100k+ savings in training costs, 20+% reduction in orientation hours, and improved patient outcomes
- Product Marketing Toolkit: describes what we do, how we do it and how we do it better. Emphasis on our Client Success team offloading work from our dept champions.
- FAQ for Sales: internal document to ensure consistent messaging across our growing team
- Upcoming Conferences in Q3/4 (Elemeno exhibiting)
-
Emergency Nurses Association, Sept, Denver
- Elemeno selected to be featured in the ENA docuseries: “The Future of Emergency Nursing.” Emergency nurses are the frontlines of the frontlines. This series seeks to highlight burnout and turnover, and solutions to increase staff well-being, improve quality of care, and accelerate the development of ER nurses. We are thrilled to be a featured solution.
-
American College of Emergency Physicians, Oct, San Francisco
- Elemeno highlighted as 2021 ACEP Emergency Medicine Innovation of the Year
-
Becker’s Health IT + Digital Health + RCM Annual Meeting: The Future of Business and Clinical Technologies, October, Chicago
- CIOs and Chief Health Information Officers are now demonstrating greater awareness of the pains at the frontlines, and the need for a solution like Elemeno..
-
Emergency Nurses Association, Sept, Denver
Press:
- Elemeno’s solution was highlighted at the American Organization for Nursing Leaders annual conference: 3 Takeaways from AONL Conference. “Microlearning in short, bite-sized, bits is extraordinarily effective”
Product & Engineering:
- Client Success welcomes Tammy Franquiero RN, MSN as our Exec Director of Client Success. Tammy is the former VP of Client Success at Versant Healthcare Competency Solutions, which focuses on training of new nurses.
- Content welcomes Tiffany Goralczyk RN, MSN as our Manager of Content Production. Tiffany previously served in Nurse Education leadership at Rush University Medical Center and will be honored next month by the Illinois Nurses Foundation as one of the 2022 Top 40 Emerging Nurse Leaders Under 40.
- Engineering welcomes two new engineers.
- Current Product development workstreams include User Experience research and design upgrade, and content management and reporting tools.
Finance:
- Series A closed with $7M
- Runway based on current sales projection: lowest point in Q4 2023
- While in a good cash position, the global healthcare economic outlook continues to be volatile. With deploying capital now, we are simultaneously working together with our Board to proactively prioritize options to ensure long term fiscal security.
Market valuations go up and down, and opportunities ebb and flow. We thank all of our early investors for getting us to where we are now. And we thank our new investors for backing us in turbulent times, so that we all have the potential to realize our vision for the future.
Best,
Arup
12.13.21
WE DID IT! Elemeno Wins 2021 Emergency Medicine Innovation of the Year!
Hey StartEngine Team! You helped make the difference!
The American College of Emergency Physicians has named Elemeno Health 2021 Emergency Medicine Innovation of the Year! The pandemic has underscored how fast healthcare is moving, and the dire need for a quick and easy solution to keep frontline teams on top of constantly changing information, localized to your own hospital and teams. Elemeno fills the gap with a "playbook in your pocket," readily customized to your department's needs. And, Elemeno's cloud exchange is helping hospitals around the country share practices with each other. Let's democratize access to best practices, and empower every healthcare professional to deliver the right practice to the right patient at the right time!
Thanks for your support!
10.23.21
WE NEED YOUR HELP: Please Vote NOW for Elemeno for Emergency Medicine Innovation of the Year
Elemeno Investors and Followers,
Elemeno has been selected one of four finalists for Emergency Medicine Innovation of the Year by the American College of Emergency Physicians. Voting just started-- and the public can vote!!!
Please vote ASAP for us-- and please share the link with your network.
Let's go Elemeno!
10.15.21
Elemeno Health Q3 Update: StartEngine Campaign Closing 10/22
We’ve had a great Q3, with growth in sales and leads in the face of the delta surge. Delta has hit many of our clients and prospects hard, especially those in the South. Hospitals in the affected areas are suffering from staff shortages, high costs of traveler nurses, and rapidly increasing burnout. This makes it challenging to get their attention. Nonetheless, we are rising above the noise, and they are seeing the value of Elemeno. We have closed new deals in these regions, and we have successfully launched two new partnerships. We have closed over $1M in new investments, and we have institutional investors (traditional VC and strategics) interested in additional investment.
KPIs:
Annual Recurring Revenue (ARR) $1.35M
Churn: 0
Pipeline: $4.8M
Channel Partners: 2
Highlights:
-
New logos/contracts:
3 new Louisiana clients: Touro Infirmary, East Jefferson Hospital, West Jefferson Hospital
1st Southern California client launched: Pacific Neurosciences Institute
Benioff Children’s Hospital San Francisco converted from free to paying client
-
Expansions:
Expanded from Inpatient to Ambulatory: Children’s Hospital Oakland
From Inpatient to external/referring providers: UCSF
From single hospital to system: LCMC Health
-
Channel Partnerships:
National Perinatal Information Center launched: first jointly developed lead now in contracting
Texas Hospital Association launched: initial marketing pitch narrowed to help onboard traveler nurses and new hires; already presenting to new leads
We launched our new website! Check it out: https://www.elemenohealth.com/. We can now track visitors in greater detail, helping us determine from where visitors are coming and what they are looking for. This informs our marketing and drives strategic spend to grow our leads
-
In the News:
Television: Healthcare institutions are struggling to keep staff up to date with rapidly changing information. When staff are secure, confident, and resilient, they stay with their job, and their patients receive better care. ABC news in SF recently highlighted Elemeno's role, here
Newspaper: Elemeno founder story featured in India West, here
Video Podcast: Elemeno story featured on KingsCrowd podcast, youtube
Video: Nursing Innovation HUB CEO Interviews Elemeno Nurse User and Investor, vimeo
Audio Podcast: Elemeno founder interview with Angel Notes, here
Finance:
We are thrilled to have raised over $1M on StartEngine and will be closing the campaign on 10/22
We plan to raise the balance of our immediate needs from institutional investors
10.07.21
Elemeno Health and Texas Hospital Association Announce Partnership to Aid Frontline Health Care Staff in Texas
Sharing the launch of our partnership with the Texas Hospital Association, where we are jointly offering member hospitals the Elemeno solution to support their frontline staff, especially in the context of onboarding travelers and new grads. Press release here.
Fernando Martinez, Ph.D., president of the THA Foundation: "Elemeno Heath’s microlearning platform provides a solution to the challenge of keeping clinical staff educated and up-to-date on procedures and hospital-specific best practices."
THA has started reaching to members, and we already have interested leaders!
10.04.21
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Elemeno Health has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Elemeno Health be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
09.22.21
Elemeno Launches New Website!
Hey All!
Check out our new website, with messaging and analytics optimized for lead generation and sales!
And here, share with your friends and colleagues our landing page for crowd investors: https://elemenohealth.com/startengine/
Let's get this out on your social media channels! Bring more of the crowd on! Working together we can empower our frontline teams and make healthcare work the way it should!
09.17.21
Elemeno Health Rated "Deal to Watch" By KingsCrowd, the #1 Equity Crowdfunding Startup Data & Analytics Platform
Elemeno Health is currently rated a 4.6/5 by KingsCrowd’s proprietary Merlin startup rating algorithm. This high score places Elemeno among the elite equity crowdfunding campaigns currently available for investment.
KingsCrowd independently vets and analyzes startups across the entire online crowdfunding market and is used by more than 100,000 investors.
Interested parties can obtain a free digital copy of KingsCrowd’s full Elemeno Health Rating & Analysis Report.
Highlights include:
- Why Elemeno Health has been ranked a Deal to Watch.
- Both the Bull and Bear Cases of investing compiled by KingsCrowd's industry-leading analyst team.
- A comprehensive deep-dive into Elemeno Health's growth plans, management team, and KingsCrowd's proprietary Merlin Rating.
Click here to read KingsCrowd’s Elemeno Health Rating & Analysis Report.
Elemeno did not solicit nor in any way compensate KingsCrowd for this analysis.
09.16.21
Notice of Funds Disbursement
[The following is an automated notice from the StartEngine team].
Hello!
As you might know, Elemeno Health has exceeded its minimum funding goal. When a company reaches its minimum on StartEngine, it's about to begin withdrawing funds. If you invested in Elemeno Health be on the lookout for an email that describes more about the disbursement process.
This campaign will continue to accept investments until its indicated closing date.
Thanks for funding the future.
-StartEngine
REWARDS
$300
Public Health Contributor
In tribute Lillian Wald: Pioneer in Public Health, American Nurse, Humanitarian
$1,000
Rural Health Ally
In tribute to Mary Breckinridge: Pioneer in Rural healthcare, Founded Frontier Nursing Service, Drastically Decreasing Maternal and Infant Mortality in early 1900’s
$2,200
Hospice Care Advocate
In tribute to Florence Wald: Mother of Modern Hospice Movement, Advocate for Patients’ Dignity, Freedom from Pain, and Right to make Autonomous Decision
$5,000
Military Nursing Champion
In tribute to Hazel W. Johnson-Brown: Trailblazer in Military Nursing, First Black Chief of the US Army Nurse Corps.
$10,000
Red Cross Award
In tribute to Clara Barton: The Lady in Charge, Civil War Nurse, Founder of American Red Cross
$25,000
Angel of Nursing
In tribute to Florence Nightingale: The Lady with the Lamp, Visionary Statistician, Founder of Modern Nursing
JOIN THE DISCUSSION
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PINNED BY STARTUP
David Laquidara
4 years ago
As a nurse and as an end user I can say this is a great product. Easy to use and much better than searching through emails / binders trying to find our latest updates.
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Alpesh Parmar
6 months ago
Can we get an update on this investment? Elemeno is raising capital now on Wefunder at $5M valuation so does that mean we have lost money after being invested in this for four years. We invested at $20M valuation and $0.86/share. Share price on Wefunder is showing as $0.04/share.
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James Bondulich
2 years ago
Was another $6MM worth of shares sold in the 22 March SEC filing? Is there any plans to inform the small investors what is going on with the company. The quarterly updates used to be nice, but it has been a few quarters since I've seen one.
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Andras Konya
3 years ago
Thanks for the thorough Q2 update. Can you say what the new share price/valuation is?
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William Tisdale
3 years ago
Hi, could you update us with the valuation and share price of the series A raise? Thanks!
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Vaibhav Jain
3 years ago
Hi Arup, Elemeno health team and the community. Congratulations for the $7M series A raise to Elemeno. With this raise, we investors would love to see the updated value of our shareholding. How and when would we be able to see that? Also would there be other opportunities for existing investors to reinvent? Thanks VJ Medtech Entrepreneur
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James Bondulich
3 years ago
Hello Arup, I hope things are well. Towards the bottom of the Jan. 2022 update, you mentioned that we are looking for a Reg A offering via "Traditional VCs" by the end of Q1. Do you have any update on that and how things are going in general so far this years?
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CLAIRE MCCANN
4 years ago
In the process of investing, but was given pause when I saw a 70% Approval Rating on Owler for the founder. And 2.2% on Glassdoor, with this as one of the reviews, which is quite concerning: Cons: "C-Suite is focused on micromanaging the minutia (editing PowerPoints, interviewing interns, etc.) instead of creating business plans and leadership. They are unable to prioritize or focus on the big picture, and instead emotionally invest in initiatives that have poor ROI. For a company with less than 20 employees, it is extremely siloed and there are a lot of mixed messages. For example, I would be given an assignment and then find out that the CEO and COO started working on their own version, causing a lot of confusion and wasted effort. When things go poorly, leadership talks about staff behind their back, scapegoat, gaslight, and then fire people. The mission and values on the website are not reflected in the culture. I was never set up for success. Advice to Management: Hire the right people and get out of their way. Stop micromanaging and focus on the big picture. Enroll leadership in sexual harassment and anti-bullying training."
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James Bondulich
4 years ago
Now that this funding round has closed, what is next?
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HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
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With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
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For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
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Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
PINNED BY STARTUP
Lucinda Collinson
4 years ago
I am a nurse educator at UCSF. I love Elemeno. Elemeno has helped me increase my effectiveness and efficiency, and helped my nursing staff save time and improve patient outcomes. Through Elemeno we have been able to help other hospitals, too. Elemeno is a game changer. I invested in Elemeno last year on Republic. It was awesome to see so many caregivers join in then. I'm a believer and am investing again in this round on Start Engine.
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