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Frequently Asked Questions

Image by Kenny Eliason

FAQs

  • How will you get users?
    Our apps are already being used over 1.5 million times a month. 98% of our users to each new version as it comes out. We simply plan to release to our existing user base and grow faster from there.
  • How much are you looking to raise?
    We are raising a $500,000 round to supplement our revenues in 2020 and provide us with a more than 18-month runway to complete and launch Groups Platform to millions of users.
  • What is your valuation?
    The premoney valuation for this round is is $10MM. To help derive a valuation, we built a Financial Model along with videos explaining how it works and how to tweak it with various assumptions.
  • How will you use the money?
    See our Roadmap for 2020, and check out the Budget, Milestones and Deliverables. Feel free to reach out to discuss any questions you may have for us.
  • How will you make money?
    All our apps already generate consistent revenue from a large and engaged user base, from sales as well as ads. However, the major new versions we are launching in 2020 will power entirely new, and much larger, revenue streams from companies and organizations paying for apps, their members paying one another for tasks, and making group reservations at local businesses. Contact us for more information.
  • What is your value proposition?
    For people - our app will empower them to coordinate group activities more effectively. For organizations - Qbix Groups will help unite their communities and improve their bottom line. For business - Groups will help drive larger groups to venues at times when they are looking to fill more spots. For aggregators like Groupon, Fandango, TicketMaster, OpenTable, Expedia and Skillshare, Groups will help potential customers successfully invite their friends to join them and take advantage of group deal, driving more business with larger groups.
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