Our Wefunder is a little over halfway to our minimum funding amount of $100k, which is a great start for our precommitment/ “testing the waters” phase. However, I’d really like to get it fully funded before the full commitment/fully public stage starts on September 27, so I’m experimenting with changing our pitch from a pitch deck to something longform like the below. Is it more convincing than what’s on the Wefunder page right now? Let me know!
well, it sounds good, but where is the part where you tell us where to send the money? And the part where you tell us how many shares we get per $100 ? And tell us what's the projected income for all of those applications per share?
The valuation cap is $4 million, so $100 will get you, at minimum, 0.0025 percent of the company. The projected income is hard to say at the stage we're at (pre-revenue).
What I can basically say is that investing at this stage is pretty binary, especially in biotech. If our plans come to fruition, any investment you make will be worth at least 10x by the end of this. If they don't, they'll likely be worth nothing. It's up to you whether you believe our plans will come to fruition, given the information you have.
What I was suggesting was, to modify the pitch -- Add a paragraph at the bottom that talks about the revenue streams in terms of the investment being made by the potential investor. You discussed two specific revenue streams, in the mail body of the pitch:
1 'Even a conservatively priced treatment could easily bring in $100 million/year ' and
2 '...our safer, more effective, easier-to-take form of cyclosporine could easily reach $2 billion in revenue once approved, assuming it was priced significantly higher than the generic.'
What I'm suggesting translate those numbers into what they would be per share, or per dollar invested, and include them in the pitch at the end. If I multiply the two revenue numbers above by .000025, and the one is $25 revenue/year per $1 invested (if I'm doing the math right) and the other is $500 revenue/year per $1 invested (again if I'm doing the math right). Those are good numbers to highlight. As you say, lots of slips between the cup and the lip, but, good to let people know what success looks like.
well, it sounds good, but where is the part where you tell us where to send the money? And the part where you tell us how many shares we get per $100 ? And tell us what's the projected income for all of those applications per share?
Sure thing. You can use this link to precommit: https://wefunder.com/highway.pharmaceuticals/ . Or, if you're an accredited investor and want to invest $25k+, contact me directly.
The valuation cap is $4 million, so $100 will get you, at minimum, 0.0025 percent of the company. The projected income is hard to say at the stage we're at (pre-revenue).
What I can basically say is that investing at this stage is pretty binary, especially in biotech. If our plans come to fruition, any investment you make will be worth at least 10x by the end of this. If they don't, they'll likely be worth nothing. It's up to you whether you believe our plans will come to fruition, given the information you have.
What I was suggesting was, to modify the pitch -- Add a paragraph at the bottom that talks about the revenue streams in terms of the investment being made by the potential investor. You discussed two specific revenue streams, in the mail body of the pitch:
1 'Even a conservatively priced treatment could easily bring in $100 million/year ' and
2 '...our safer, more effective, easier-to-take form of cyclosporine could easily reach $2 billion in revenue once approved, assuming it was priced significantly higher than the generic.'
What I'm suggesting translate those numbers into what they would be per share, or per dollar invested, and include them in the pitch at the end. If I multiply the two revenue numbers above by .000025, and the one is $25 revenue/year per $1 invested (if I'm doing the math right) and the other is $500 revenue/year per $1 invested (again if I'm doing the math right). Those are good numbers to highlight. As you say, lots of slips between the cup and the lip, but, good to let people know what success looks like.