GenesisAI (1)

GenesisAI (1)

The Global AI Network. Buy and sell AI technologies at scale.

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Security Type
SAFE
Categories
Other
Min Investment
$50
Offering Date
January 11, 2020
Expected Close Date
April 10, 2020
Target Raise
$50.00K-$1.07M
Deal Notes

$1.00 per share

$50K+pro rata right threshold

Company Description

We allow you to buy that top-of-the-line natural language processing technology that your company always wanted rather than building it yourself. You don't need a team of AI experts to use AI to your advantage -- just buy the software on our marketplace. We provide an efficiency boost to the market as a whole by making AI accessible and usable for numerous various-sized businesses.

Perks

$5,000+ Lunch with MIT professor
$10,000+ Lunch with Harvard professor

Key Deal Facts

Harvard founders with work experience at Google and Bridgewater Associates.
Globally recognized VC and Angel investors.
If we achieve our vision, GenesisAI will become the single most valuable technology of all time.
The market for AI services is currently valued at $100 billion and is estimated to reach $6 trillion by 2025.
Advisors with 2 multi-billion-dollar exits, former Dean of MIT Engineering, MIT and Harvard AI/ML professors.
The first global AI network that just works.

Use of Proceeds

If $50,000 is raised:

40% towards product development. Paying to Platform Development Team 40% towards business development. Cost of Personnel. Cost of Marketing. 12.5% towards operations. Office space, travel, logistics, other SG&A 7.5% towards Wefunder fees

If $107,000 is raised:

40% towards product development. Paying to Platform Development Team 40% towards business development. Cost of Personnel. Cost of Marketing. 12.5% towards operations - Office space, travel, logistics, other SG&A 7.5% towards Wefunder fees

Management Team / Advisory Board Bios

Archil Cheishvili
CEO
Economics, Harvard University. Previous experience at Bridgewater Associates. Serial entrepreneur. Recognized by media outlets including the New York Post, Forbes, and Yahoo Finance.

David Fan
CTO
Computer Science, Harvard University. Senior Software Engineer work experience at Google.

Mina Pascalito Nassif
Chief Scientist
PhD in Applied Physics, MS in Computational Science and Engineering both from Harvard John A. Paulson School of Engineering and Applied Sciences. Published multiple scientific papers and raised over $1 million in research grants.

Deal Notes

$1.00 per share

$50K+pro rata right threshold

Amount Raised : $719,575
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Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

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