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GET A PIECE OF WITOPIA, INC.
Experience the internet as it should be.
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$212,801.76 Raised
REASONS TO INVEST
TEAM
William Bullock • CEO
Next, in a role reporting directly to the CEO, Bill was challenged to rebuild and lead the Sales effort for UUNET's Web Hosting Division, which required significant adjustments to staff, processes, and procedures, as well as new business development - including recommendation of acquisitions and partners to enhance UUNET's managed hosting product suite. He led the core team in the organic growth of overall hosting revenue from $50 million annually to over $240 million before joining NTT/Verio as VP of Broadband Sales, where he led Sales, Sales Engineering, and Account Management. Growing weary of the corporate world, he then co-founded Full Mesh Networks, Inc in 2003. Originally focused on cloud-based WiFi Security solutions, the name was changed to WiTopia, Inc. and was an original innovator of the "personal" VPN and, now, "encrypted email for everyone" with their new SecureMyEmail service. He holds a B.A. from Clemson University in Political Science/English.
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Steven Shippa • CTO
Steve then joined internet startup UUNET Technologies (Now, Verizon Business), the world's first commercial internet provider, as a Sales Engineer. Over the next few years, Steve built and scaled the Sales Engineering team from 3 to about 150 headcount, globally, and oversaw the support and solutions design for sales revenue growth from 7M to over 6 Billion USD.
He was then chosen to lead the Internet and Systems Engineering team (250 headcount) where he had responsibility for the integration and day-to-day operation of UUNET's authentication network which supported 25 million customer sessions a day and 3 Billion USD in annual revenue at its peak.
Steve was then selected as a direct report to the CEO to help rebuild the company's struggling Web Hosting business. He managed development of the network architecture for UUNET/MCI's suite of hosting products worldwide supporting exponential revenue growth with his expertise in repeatable and scalable solutions.
He then co-founded Full Mesh Networks, Inc in 2003. Originally focused on cloud-based WiFi Security solutions, the name was changed to WiTopia, Inc. and was an original innovator of the "personal" VPN and, now, "encrypted email for everyone" with their new SecureMyEmail service. He holds a B.S. in Computer Science from Houghton College.
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ABOUT
HEADQUARTERS
11654 Plaza America Dr., #316
Reston, VA 20190
WEBSITE
View Site
TERMS
WiTopia, Inc.
Overview
PRICE PER SHARE
$1.77
DEADLINE
Mar. 8, 2022 at 7:59 AM UTC
VALUATION
$15.04M
FUNDING GOAL
$10K - $1.07M
Breakdown
MIN INVESTMENT
$299.13
MAX INVESTMENT
$106,998.27
MIN NUMBER OF SHARES OFFERED
5,649
MAX NUMBER OF SHARES OFFERED
604,518
OFFERING TYPE
Equity
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Investment Incentives*
Time-Based:
Friends and Family Early Birds
Invest within the first 7 days and receive an additional 10% bonus shares
Super Early Bird Bonus
Invest within the next 7 days and receive an additional 7% bonus shares
Early Bird Bonus
Invest within the following 7 days and receive an additional 5% bonus shares
Amount-Based:
Tier 1: $1500+
Invest $1,500+ and receive 3% bonus shares.
Tier 2: $3000+
Invest $3000+ and receive 5% bonus shares.
Tier 3: $5,000+
Invest $5,000+ and receive 7% bonus shares.
Tier 4: $15,000+
Invest $15,000+ and receive 9% bonus shares.
Tier 5: $25,000+
Invest $25,000+ and receive 11% bonus shares.
Tier 6: $50,000+
Invest $50,000+ and receive 13% bonus shares.
*All perks occur when the offering is completed
The 10% StartEngine Owners’ Bonus
WiTopia, Inc., will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $1.77 per share, you will receive and own 110 shares of Common Stock for $177.00. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investors' eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will only receive a single Bonus Shares bonus, which will be the highest bonus rate they are eligible for.
ALL UPDATES
REWARDS
Venture Club
Venture Club Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
FAQS
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.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000 are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, they are limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
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.
For Regulation A+, StartEngine allows for a four-hour cancellation period. Once the four-hour window has passed, it is up to each company to set their own cancellation policy. You may find the company’s cancellation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to be sent back to the account associated with the investment.
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.
