Personalized Instore Mobile Transactions [Read More]
October 18, 2018
December 18, 2018
Approximately 60% of the funds will be allocated to operating expenses which will include funds for contract development by our partner Cryptomathic on the blockchain for creating secure transactions; for other contract development to build our backend server and infrastructure and develop our client side tools; and hosting services to operate our platform and business.
Approximately 15% will go to marketing for promotion of our offering to raise additional capital and to reach potential customers with the message about our technology and offerings. We will allocated 5% to legal to cover the various expenses associated with our fundraising and to continue to build our patent portfolio to protect our technology and create greater value for the company. Approximately 10% will be allocated for headcount to operate the business. The final 10% will be allocated to other expenses associated with operating the company including professional services for accounting, payroll, travel and entertainment, office supplies, and various equipment.
CEO, CFO and Director
David has over 15 years’ experience as a CEO in startup technology enterprises. He has led numerous fund-raising efforts and has built and worked with technology teams to create innovative new products and solutions, successfully bringing them to market in a timely manner.
David has previously managed and built teams delivering worldwide solutions at companies including Activision, Symantec, Borland and Diamond Multimedia generating revenue between $75M and $400M annually. He has also led a number of start-ups as CEO including Rioport, Truespectra, QSecure (founded by Kerry Brown), and White Sky from product concept to market delivery.
David will assume the role of Interim CEO of Metasepia for one year at 20+ hours/wk part-time, his sole employment, with goals to assist in the successful launch, initiation of legal activities, and similar responsibilities. He’ll also direct the search for a permanent Project Manager and CEO that will take us to acquisition. David has served as our CEO and CFO since August 2018.
David previously was an independent consultant from February 2016 until July 2018, where he provided consulting services to various companies and served as independent advisor to MetaSepia. David previously served as Senior Vice President of Intersections between June 2015 and January 2016 where he managed the integration of his previous company with the acquirer, Intersections. Prior thereto, between April 2008 and July of 2015 he served as CEO of White Sky, Inc. which was acquired by Intersections in June of 2015.
CTO and Director
Kerry has assisted in raising part of $130+ million the past 15 years for the following ventures he cofounded: a materials science and forensic analysis/ testing laboratory (TEMAC); pioneered mobile NFC transaction technology with nearly 1 million Point of Sale (POS) merchant terminals sold and additional mobile provisioning apps distributed across the USA, UK and Singapore (Vivotech); and a high-security electronic payment card technology tested on the Orange Network and based upon submicron geometry MEMS/ Micro-Electro Mechanical/Magneto-dynamic Systems [tiny structures that program individual magnetic stripe media particles from within the card] (QSecure), a “whiteboard” first for USPTO patents.
Vivotech, Kerry’s former company that pioneered mobile NFC apps and POS terminals, sold nearly 1M NFC POS Merchant transaction terminals of which he was an inventor, and VivoPay provisioning software for mobile devices. These were models for ApplePay and GooglePay at, as a pioneer for Mobile NFC Fintech, a competitive proximity passed financial transaction to our optical codes. Vivotech was acquired by Sequent and ID Tech, and now Kerry is offering an alternative technology in this same M2M proximity payments field. Kerry is an inventor on some of the 3 issued utility patents.
Kerry has served full-time with as our CTO since June, 2018. Kerry previously served as CEO/Chief Innovation Officer for Cryptite, Inc, from July, 2010 until May, 2018 where he originated and sold patent portfolios, provided due diligence and technical consulting for mobile payments companies, and general intellectual sales.
Peter Landrock, PhD
Director, Crypto Security Tech Adviser
Peter acquired a PhD in mathematics from University of Chicago and is founder of Cryptomathic in Denmark in 1986. Cryptomathic is a highly recognized global Security and Cryptography firm with several global offices.
Peter has served as past President of the International Association for Cryptologic Research. In 2010 Peter was nominated by The European Patent Office and the European Commission for the European Inventor Award, which recognizes lifelong achievements in encryption technologies.
Peter and Cryptomathic have worked on exploring Optical communication technologies, and Peter is named an inventor on some of the 3 issued patents.
Peter has served as an adviser and technical director since August, 2018, and was instrumental in cooperative research efforts on color encoding technology that have included him as an inventor on some of the MetaSepia patents.
Since 1986, Peter has served as President of Cryptomathic, a security company headquartered in Denmark since founding in 1986.
Peter joined Metasepia as a Director and Advisor in June 2018, and currently spends around 16-24 hrs/week part-time on the Company.
Description: The electronic tokenized share, "SepiaCoin", will represent a single share of common stock of the company, with rights and preferences as designated in the articles of incorporation and summarized in the Offering Document.