Ring4

Ring4

A second phone line for businesses, dating, and life – without the second phone

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Security Type
SAFE
Categories
Technology
Min Investment
$100
Location
San Francisco, CA
Offering Date
July 23, 2018
Expected Close Date
November 03, 2018
Target Raise
$25.00K-$500.00K
Deal Notes
  • Type of security: Crowd Safe
  • Minimum investment: $100
  • Funding goal: $25,000 – $500,000
  • Discount: 20%
  • Valuation cap: $6,000,000

Company Description

YourVirtualSim provides the app Ring4 which enables the creation and use of virtual phone lines on smart phones. The Ring4's phone numbers are voice and text enabled and are designed for business or personal use. The Ring4 app help our customers to manage their personal business phone lines on a single device.

Perks

Invest $500 - 99 Ring4 credits
Invest $1,000 - 499 Ring4 credits
Invest $2,000 - 999 Ring4 credits & 1 Ring4 T-shirt
Invest $5,000 - 1 Unlimited US/CA phone line plan for 12 months
& 1 Ring4 t-shirt
Invest $10,000 - 2 investor calls with Ring4's founder in the next 12 months to discuss product and company roadmap
& Unlimited US/CA phone line plan for 12 months
& Ring4 T-shirt
Invest $20,000 - Meeting with the Ring4's founder in San Francisco, includes flight ticket up to $600 & 1Unlimited US/CA phone line plan for 24 months & 1 T-shirt

Key Deal Facts

App providing smartphone numbers on demand in seven countries with more to come
Early traction: 250,000+ registered users
Team worked at IBM, Netflix, Dailymotion, and in the cloud communication industry
Voted Product of the Day and nominated Product of the Year 2017 on ProductHunt
Featured by Apple in the App Store

Use of Proceeds

  • Intermediary fees
  • Campaign marketing expenses
  • Estimated attorney fees
  • Estimated accountant fees
  • General marketing
  • R&D
  • Equipment purchases
  • Sales and distribution
  • Cost of goods- telecommunications service providers

Management Team / Advisory Board Bios

Alex Botteri
Founder - Product - Business
MS Computer Science, 10+ years in Biz Dev. Previously Worked at IBM and Tyntec (Cloud Communication API).

Harold Thetiot
Full Stack Engineer - Android Dev
Software engineer. WebRTC specialist. Previously worked at Netflix and Netvibes. Created the Sylaps conferencing solution.

Florian Lecluse
iOS Dev
Software engineer specialized in Objective-C and Swift. Previously worked at TextMe Inc..

Illia Strikhar
UX/UI Design
UX/UI designer with a passion for crafting state-of-the-art online products with the purpose of helping people.

Deal Notes

  • Type of security: Crowd Safe
  • Minimum investment: $100
  • Funding goal: $25,000 – $500,000
  • Discount: 20%
  • Valuation cap: $6,000,000
Amount Raised : $85,102
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
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Valuation

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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