The AngelBase Story
Long-term grit: realizing a dream to uplift humanity with new IT paradigm.
The Early Years
AngelBase conceived. $195,000 raised via stock. Deep technical theory developed and documented. Experts endorsed. But venture capitalists didn’t understand.
The Middle Years
Approximately $130,000 raised via stock. AngelBase Prototype 1 came to life. Then Prototypes 2, 3 and 4. Heart investment paradigm invented.
First Large Investment
$1 million raised via hearts (not stock) based on a demo of AngelBase Prototype 4.
Staff of four goes fulltime. Small office space leased. Prototype 5 completed and demoed. Sophisticated legal structure refined and solidified. Prototype 6 (the final prototype) nearing completion.
Next Two years
$10 million to be raised. Patents to be filed. Prototype to be demoed (summer 2017). Larger offices to be leased. Staff to grow rapidly. Prototype to be developed into AngelBase products. Beta testing. Training and documentation materials developed. Pre-launch marketing.
AngelBase Product Launch
The first AngelBase platform and application products to be launched globally, accompanied by agressive marketing and strong customer support. Additional funds to be raised after launch to support global marketing.
Investment Payouts Begin3
AngelBase revenues exceed expenses with enough excess cash to start paying grants on hearts and dividends on stock.