Apologies for my absence… I promise it was worth it!
First of all — thank you all so much for the support and incredible survey responses! I truly hope you’re as happy with what it contributed to as we are.
Since being acquired by Kingscrowd in April, we’ve spent several months completely rebuilding Kingscrowd’s incredible product offering along with Technori’s content to create a seamless experience that enables anyone to access the best startup deals and analytics on the market 🤑
Let’s start at the top. For those unfamiliar, Kingscrowd is the first ratings and analytics platform for online private markets! It’s the single best resource to find, research and track thousands of startups fundraising on platforms like Republic (soon we’ll be adding many other investables such as: real estate, crypto, cards, etc.).
Here’s how it works…
If you received this, but do not yet have a Kingscrowd account, fear not — you will STILL receive your free weekly Pitch Review. But waitt…there’s more.
If you create a free account, you’ll get instant access to company search tools for 4,800+ raises, portfolio tracking, deals alerts, and loads of great content (including new deals, staff picks, founder profiles, market research, investing webinars, and more).
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For $14.95 per month, you get an additional weekly Pitch Review, invite to private events AND access to our proprietary ratings (including a detailed breakdown of ratings score on price, team, market, traction & differentiators) across thousands of reviewed startup investment opportunities!
“Prior to Edge, I invested with friends (and lost with friends). Now, my friends invest with me (and win with me). 12 months and 2 exits later, I eat for free 🤑”
— Josh Kaplan, Edge Pro member since August 2021
Brief: Ivee is personalizing the passenger experience with its software for ride-hail and self-driving cars. The personalization software of Ivee is cloud-based and can be delivered to vehicles and mobile phones. It combines proprietary data points and marketplace integrations with trip details provided by mobility operators. Ivee has been tested in over 200,000 rides and has won several awards.
Key People: Founder & CEO Alex Giannikoulis
Subscribe to Edge for Ivee’s full company profile 👉 Check the Charts 📈
View on Republic: Term Sheet
Security Type: Crowd SAFE
Valuation: $12,500,000 (w/ 20% discount)
Amount Raised: $94,596
Minimum Investment: $150.00
Listen to my podcast interview with Ivee founder Alex Giannikoulis, here.
Here's what I like: The founder is a beast! The idea is big! The market is huge!
There’s no question transportation is changing (even if slower than we were all sold). The idea that we still waste countless hours of our lives sitting in traffic being completely unproductive is insane. If we learned anything from the pandemic, it’s that time can always be better spent. Ivee is basically building towards that future; initially by creating a better passanger experience with ride share and eventually for self-driving (however far away that may be).
IMO it’s a matter of when, not if. And, for that reason, I’m a big believer in Ivee’s mission. If you need further proof — Ivee has seen incredible feedback in over 200k ride shares… which to me suggests FSD or not, people want to better use their time.
Here's what I don't love: Speaking of FSD (full self-driving) and pandemics; while I think ride shares are a perfect market entrance, without FSD I think the true power of Ivee is still restrained. Furthermore, will demand for more productive commutes be lower if fewer people are commuting less often?? IDK the answer to that, but my hunch is yes.
Another factor to consider is whether or not OEMs will simply build a similar experience into the cars before you buy them?? It is certainly possible — but, then again, it’s also possible that one of said OEMs would be a logical acquirer as well.
In the end, I’m less concerned with this given that most OEM carplay experiences are pretty shitty… But, it is worth noting.
Who should invest and why: If you frequently use ride sharing options, your investment will absolutely help bring Ivee-like experiences to the market sooner. Additionally, if you also believe the future of transportation is a massively untapped growth market — this is a great entry point.
Lastly, while our ratings mark the deal price as average, I would argue that is deceiving because price is typically aligned with revenue and time to profitability. However, in the case of Ivee… a major part of the testing and feedback loop is identifying profitable revenue channels, which doesn’t work in Ivee’s favor here.
So, I’d argue given the TAM, founding team and $10M price tag (w/ discount) this is about as good a deal as you’re going to find with this much upside 🤷♂️
As always, startup investing is super high-risk, anything can happen.
Invest in Ivee here 👉 Term Sheet
Questions, DM me 🤳 @kitun.
Disclaimer: It goes without saying, but this information should not be constituted as financial advice, my investing opinions are my own and all diligence is the responsibility of each individual investor.
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