Archive 27/02/2019

Maldives Hotel Investment

Current StatusGrowth
Amount InvestedRM32,000,000.00
Funding RequiredRM5,000,000 or more
DescriptionWe are an establish hotel owners in Maldives and are looking to expand our hotels and be a hotel chain company. 
Being awarded for best city hotel from Trip advisor, Agoda and Maldives ministry of travel, we are looking for build and expand our hotels.
Business OpportunityWe are looking for investors who wants to own their own hotel in Maldives.

Maldives has a shortage of hotels. With a 5 to 10 percent increase in tourist every year there is a great opportunity for high returns.

We will source the best lands available for you and do all the necessary documents and procedures as we have a close relationship with the government officials.
Revenue / Business ModelWhy we say that this is a mid high return investment.
The ROI is about 20% to 30% per Annam. 

Due to low overheads and high returns.

You make money from room rates, F&B and all water activities.

For a 50 unit city hotel you can expect to make RM350,000.00 to Rm500,000.00 a month.

We only charge 5% of gross sales as our service to run the hotel for the investors.
Management TeamTan Ho Chong (CEO) – 15 years in the Property industry
Albert Lee (Director) – 40 years of experience in Maldives from construction and hotel line
Leow Su Lin (Lawyer) – In house lawyer
Ali Riaz (Director) – Maldivian counterpart, an architect well versed with Maldivian Regulatory framework
Ahmed Smaih (Director) -Maldivian counterpart, hotel management with many awards for best hotel management company
Eddie Lee (Director) – Civil engineer with expertise in construction management
Joel Lim (Director) – Sales and enquires
Company BackgroundArena Hotel was established in 2012 and started operating its hotel in 2013.
Today Arena Hotel has 150 rooms in Maldives, Maafushi. 
Through out the 4 years we have been operating we have been named best city hotel by Agoda, Trip Advisor and also by the Maldivian Tourist Ministry.

Our occupancy all year round is about 90%.

Now the local government has approached us to expand and build more hotels with the similar concept. They will assist us with getting the prime lands. But we need funds to build these hotels.
Funding MilestoneIt depends on the investors on how many rooms they want for their own hotel.

For 50 rooms the total investment is about Rm16,000,000.00
100 rooms is about RM30,000,000.00
and for 150 rooms is about RM43,000,000.00
% Equity Allocation100% the hotel will belong to you
Expected ROI20% to 35% a year
Risks and MitigationLow risk as we are targeting mid income tourist
We only need 20% percent room occupancy to break even as the overhead is very low.
With our hotel branding and hotel management system we have yet to go below 85% occupancy rating
Exit StrategiesIt only takes 3 to 4 years to recover your initial investment. and it can be a great monthly cash generator for any investors but if the investors want to exit early the best time to sell the hotel will be after 2 to 3 years of operation.

Data Intelligence Platform

Current StatusRevenue Generating, Pre-Profit
Amount InvestedUSD$100,000
Funding RequiredUSD$300,000
DescriptionWe are a data intelligence platform for crypto. We help crypto investors make better decisions with real-time actionable insights through AI, sentiment and prediction analytics. 

We use machine learning algorithms to analyze millions of data points daily on exchanges, trading data, blockchain, tech stack, social media, search and latest news to help investors gain an unfair advantage, today.
Business OpportunityCryptocurrency industry is an emerging technology globally. Yet it is inefficient and fragmented, full of frauds and tools are insufficient. From our customer interview, 75% of respondent are worried about “pump and dump” scheme. Feedback from an early adopter, Geoffrey, “I just wish that there’s more transparency in the market!”

We provide transparent, unbiased, real-time actionable insights for cryptocurrency investor with data-driven decision making. We help investors make better decision through real-time insights with sentiment and predictive analytics. 

We built own proprietary NLP crypto prediction analysis through machine learning model. Our current Bitcurate cryptocurrency NLP sentiment corpus is at 92% accuracy, which is higher than Microsoft Azure’s NLP at 73% accuracy.
Revenue / Business ModelWe have 2800 signed up users and 30 paying customers currently. Since we are SaaS business model, our profit margin is around 80%.

Our target market is B2B; financial analyst, venture capital firms, crypto funds and crypto traders. Our business model is a freemium and SaaS model. Our monthly fees ranges from free with limited features up to USD99/month for full features dashboard. We also selling data via API with the similiar pricing.

1. Selling API data with monthly payment. 
2. Selling monthly subscription SaaS through our website 
3. Customed enterprise development with white label. 
4. Targeted ads for free-tier customers.
Management TeamVictor Lee was a Standard Chartered Bank technology lead in China and also an Associate Director for Omnicom Group. He also founded another B2C mobile app startup in 2014. He leads a team of 15 developers, data scientist, product managers and marketers in his prior role.

Arseny and Denis are both tech co-founder / co-CTO with experience in full-stack software development and blockchain developer. The 3 of us met and worked together in tech project in Shanghai last year.
Company Background1. We started Bitcurate in 2018 and Victor invested personal savings of USD50,000. 
2. We launched our minimum viable product in Oct 2018 and subsequently received 5 angel investors funding of USD50,000 in total.
3. We have 2800 users who signed up and 30 paying subscribers on monthly basis so far in Dec 2018.
4. We have processed 500,000,000 datapoint so far and achieve prediction accuracy of 92% using LSTM machine learning model.
Funding MilestoneWe intend to raise USD300,000 for the next 12-15 months runway.
1. 40% for product, engineering and technology development.
2. 40% for customer acquisition, marketing, PR and event.
3. 20% for running cost: server, tools, offices, etc.
% Equity Allocation10% to 15% equity depending on investors background and value add.
Expected ROIBased on our 30% growth, we will breakeven in 12 months and start achieve profitability after.
Risks and Mitigation1. Data collected and machine learning models can be re-sell to crypto exchanges, financial institutions or stock trading agencies.
2. Angel investors are prominent professionals from Standard Chartered Bank, OCBC, Google, IPG Mediagroup etc. 
3. Secondary model of revenue stream; selling APIs to quant traders for other financial asset classes and/or leads generation to crypto-exchanges
Exit StrategiesWe are focused on Asia narrative for Crypto investors. 80% of crypto trading happens in Asia. USA and Europe love to expand to Asia but lack of domain access to Asia investments. We are focused on building the right advisors and connections in such network to make this happen in the next bull run.
Company NameBytecurate Pte Ltd
Website/Facebookhttps://bitcurate.co
Business Address9 TEMASEK BOULEVARD #04-02 SUNTEC TOWER TWO SINGAPORE 038989
Contact PersonVictor Lee

Manzill Gaming Arena

Current StatusConcept / Business Plan
Amount InvestedRM10,000
Funding RequiredRM 300,000
Description-Manzill Gaming Arena (M.G.A), we are going to open a Gaming Arena in Taman Delima 2. We want to open a Gaming Arena with 30 units of gaming PCs and 10 units of PS4 consoles. 

-This business plan is prepared to obtain financing in the amount of RM300,000. The financing is required to begin work on site preparation and modifications, equipment purchases, and to cover expenses in the first year of operations. 

-The capital contributions from the Investor, will allow M.G.A to successfully open and maintain operations through year one. Successful operation in year one will provide M.G.A with a customer base that will allow it to be self sufficient in subsequent year.

View this business plan : https://drive.google.com/file/d/1XwKH4SnMnsBn7dZQv2FUxPSjlR30ccij/view?usp=sharing
Business Opportunity-As the popularity of gaming and eSports continue to grow at an exponential rate, easy and affordable access is quickly becoming a necessity of life. M.G.A provides communities with the ability to play online games, affordable access to high-end games, enjoy a cup of coffee, and share gaming experiences in a comfortable environment. People of all ages and backgrounds will come to enjoy the unique, upscale, educational, and innovative environment that M.G.A provides.
-Currently, there are no Gaming Arena in the proposed local area (Taman Delima 2, Kluang). 
-Direct competitors in Kluang about 20 minutes to 30 minutes Driving Distance: a) Cyber Cafe1– in Town Area (Average Specification) – RM 2.70 per Hour b) Cyber Cafe2– in Town Area (Average Specification)
-The business will target individual clients such as Students, Office Staff, businesses, etc
-Our main focus is gaming, not many user have a good gaming computer which can play new games. This is the space we going to to crack on it. 
-The Ministry of Youth and Sports on principle, has no objection to the proposal to make Esports a syllabus or co-curriculum in schools (Quote from the Sun Daily, 04 April 2018), which will stimulate student customer and new market requirement. 
——————–


A site has been chosen at Taman Delima 2. This site was chosen for various reasons, including:
a) Proximity to the Housing community. Parking availability. 
b) Low cost rent – RM 800/month for 1,540 square feet (22 x 70). 
c) The Gaming Arena will be in a very strategic location where it is surrounded by housing areas and schools nearby.
d) Areas directly connected to the Gaming Arena location : Taman Muhibbah, Taman Titiwangsa, Taman Intan, Taman Mengkibol, Taman Kluang Barat, Taman Desa,etc 
e) There is a road newly built near the Gaming Arena location which connects more housing areas. 
f) Nearby schools (That we can target) :SMK Jalan Mengkibol , SMK Seri Intan , Kolej Vokasional Kluang


View this business plan : https://drive.google.com/file/d/1XwKH4SnMnsBn7dZQv2FUxPSjlR30ccij/view?usp=sharing
Revenue / Business Model-Hour Selling (We charge customer by hour)
-eSports tournaments 

View this business plan : https://drive.google.com/file/d/1XwKH4SnMnsBn7dZQv2FUxPSjlR30ccij/view?usp=sharing
Management TeamMr. Mukesh Maran (Co-Founder & Technology Lead) 
-Live in Kluang, Johor. 
-21 years old, A young, ambitious and vibrant entrepreneur and achiever. 
– He is very hardworking, and dedicated person in his work and passion. He is no doubt an IT lover, and a tech savvy 
– He also a Business Student who started his first business named , SpyWood Technology in his early 18. He sold custom built PCs. Successfully supplied 76 units of gaming PCs, networking equipment , gaming furnitures , game servers , cyber cafes softwares and games. 
-He had accomplished 2 cyber cafes , Location in Kajang and Penang – turnkey solution Cyber Café including ID & IT Setting up over the past 2 years.
——————————
Mr. Ray Ooi (Co-Founder & Sales) 
-Live in Cheras, Kuala Lumpur. 
– 36 years old, A committed and successful business magnate driven by his ultimate passion and innovation towards business. 
-Learning from his failures along the journey, he is now a very knowledgeable mentor and able to provide constructive advise, especially all commercial related matter, and direction toward the company growth. 
-He has many years oversea working experience in Middle east and Malaysia as well, involve in managerial role in corporate structure. 
– Specialized in analyzing, branding and strategizing an ongoing business to increase their sales and productivity. 
– His vision is to cultivate entrepreneurship towards the younger generations, and subsequently to help and guide them towards owning their own profitable business. 

View this business plan : https://drive.google.com/file/d/1XwKH4SnMnsBn7dZQv2FUxPSjlR30ccij/view?usp=sharing
Company BackgroundZotta Labs (M) PLT is a company which provides IT related business services, such as: website development, mobile apps development, video games development, software development, fintech development, blockchain development , graphics designing works and digital marketing works.

View this business plan : https://drive.google.com/file/d/1XwKH4SnMnsBn7dZQv2FUxPSjlR30ccij/view?usp=sharing
Funding MilestoneView this business plan : https://drive.google.com/file/d/1XwKH4SnMnsBn7dZQv2FUxPSjlR30ccij/view?usp=sharing
% Equity Allocation80
Expected ROIRM10,000 to RM13,000 monthly Gross Revenue
Risks and MitigationView this business plan : https://drive.google.com/file/d/1XwKH4SnMnsBn7dZQv2FUxPSjlR30ccij/view?usp=sharing
Exit StrategiesMerger and acquisition . As eSports is emerging in Malaysia , more bigger international esports companies will enter the Malaysian market. At that time , they will want to buy out existing gaming arenas to kickstart. We will exit by selling our business to them.
Company NameZotta Labs
Website/Facebookhttps://zottalabs.com/
Business AddressNo.2,Jalan Hang Tuah 6/2,Taman Muhibbah
Contact PersonMr.Mukesh

The Biggest Night Market In Malaysia

Current StatusConcept / Business Plan
Amount InvestedRM10,000
Funding RequiredRM1million
DescriptionThank you for taking the time for this Pitch Deck.

We planned to create the biggest night market in Malaysia to have an opportunity for all the youngster entrepreneurs to startup their retail business and earning experience in the night market, our intention is to create a beautiful environment for youngster entrepreneurs to exert their creativity and keep their passion. 

In the night market we have to do our best to create a shopping experience full of surprises, freshness, curiosity and comfort for the people and tourists of whole Malaysia.
Business OpportunityShopping Mall Managements
– Hard to Manage Tenant Decoration, Renovation & Display
– Selling Price Control
– Services Control
– High Advertisement Cost
– Unable to Offer Affordable Rental Rate

Pasar Malam operators
– Unpleasant Environment 
– No Product Quality control
– No Parking 
– No Security
– Difficulty of Setup & Dismantle 
– No Utilities Supply 
– No Facilities
– Lack of Social Media Exposure

Young Entrepreneurs 
– Unaffordable rental (Shopping Mall / Shop Lot / Local Pasar Malam) 
– Unaffordable Renovation, Decoration & Display Cost
– Feeling Embarrassed Due Environment Considered as Low-class Shop / Products
– No Guarantee Foot Steps
– Unaffordable Manpower Cost

Shoppers 
– Less selection / too many repeat products
– No Parking 
– No Security
– Product Quality Worries 
– Unpleasant Environment 
– No Basic Facilities 
– Unpleasant Shopping experience
Revenue / Business ModelBusiness Model:

Retail Spaces (330 units)
– RM50.00 X 3days / week = RM150.00 X 4weeks / Month 
Total = RM600.00 per Retail Space
330 units X RM600.00 Grand Total = RM198,000.00 per Month

F&M Spaces (170 units)
– RM50.00 X 3days / week = RM150.00 X 4weeks / Month 
Total = RM600.00 per F&B Space
170 units X RM600.00 Grand Total = RM102,000.00 per Month

Café Bar (4 units)
4 units X RM5,000.00 Grand Total = RM20,000.00 per Month

Gross Income 
RM198,000.00
+RM102,000.00
+RM20,000.00
= RM320,000.00 / Month
Management TeamJason Tai (Founder – Overall Operations, Marketing and Developers)
Age – 30 year old (31 /08/1989)
Experience – Shopping Mall Management (6 years), Event Management & Developers (2 years) 

Darius Yap (Co-founder – Operations and Marketing & Developers)
Age – 25 year old (10 /01/1994)
Experience – Shopping Mall Management (3 years), Event Management & Developers (2 years) 

Zhen Hao (Co-founder – Technical Leader, Maintenance Supervisor)
Age – 25 year old (04 /07/1994)
Experience – Shopping Mall Maintenance (3 years), Event Management & Developers (2 years) 

Chester Chow (Co-founder – P.R. Manager)
Age – 32 year old (17 /07/1987)
Experience – Restaurant Operator (9 years), Event Management & Developers (2 years)
Company BackgroundJCHESTER RESOURCES, a global event marketing company who creates globally effective, socially responsible design solutions that are timeless, effective and unique, using a balance of strategy, aesthetic and heart. JCHESTER RESOURCES offer solutions including corporate event management, product launching, and branding. We turn concept into reality. With over a decade of experience our event knowledge and technical expertise are exceeded only by our passion for perfection. We bring unparalleled originality, ingenuity, talent and vision to each project, treating each as a pioneering enterprise.
Funding MilestoneMe and my team are looking for RM1 million for the whole project. 

For the first stage we will spend RM500,000.00 for application for the planned government land – develop – and launch.

We will allocate another RM300,000.00 for a top up for the first stage to in case any unsure cost and improvement of the facilities in the night market.

The last stage RM200,000.00 is the turn over money for the 6 months operation cost and cash flow.
% Equity Allocation25%
Expected ROI110% (RM2.1Mil) for 2 years investment
Risks and MitigationSlow approval from government land application & low occupation.
Exit StrategiesThe first exit opportunity on after first stage completion.
Company NameJchester Resources
Website/Facebookhttp://www.facebook.com/JChester03022016
Business AddressB-5-8, Megan Phoenix , Jalan 2/142A, Km 10 off Jalan cheras 56000 cheras KL
Contact PersonJason Tai

Venture Capital vs. Private Equity: Understanding The Difference

With increasing coverage and interest in startups, fundraising and venture capital, many terms have become more ambiguous than ever. That can leave entrepreneurs pretty foggy on how they should really be approaching raising money. So, who is funding what? Why does it matter so much if you are launching or trying to scale a venture?

Startup Fundraising

Whether you are still juggling a startup idea or already have data and revenues and are ready to scale, it’s vital to understand who the investors are that will take you to the next level, and what your following milestone or exit is likely to be.

Fundraising and navigating potential exits can be incredibly time consuming and stressful. It can be confusing. The lines have certainly blurred. Far more so in the last couple of years. Different capital sources are playing a larger role in the startup ecosystem. Various players are stretching how and at what stage they will participate.

So, what are the differences between between VCs and PE firms? Who else is providing capital to this space? Who are the leaders that startup founders should be focusing on?

Private Equity

This space has become a little cloudier, with private equity firms diving into all types of new channels like single family rental homes and mortgage lending through conduits. Yet, in their most traditional forms, private equity firms are consider those who buy or get involve with more mature companies.

This means they are looking for established companies that already have established revenues. In some cases these are companies that may have even peaked and need new management to be optimized. Think classical music, farms and assembly lines in contrast with the typical jazz, disruption, or street art style of fast growth startups. They prefer predictability and lower risk. Even if that means lower returns.

This space is also differentiated by leveraged buyouts, in which PE firms utilize debt to complement their equity to acquire more corporate ‘real estate’. These firms are best known for taking majority stakes, if not full buyouts.

According to rankings from Private Equity International top private equity firms include:

  • The Carlyle Group
  • Blackstone
  • KKR
  • TPG
  • Bain Capital
  • Goldman Sachs
  • Accel
  • Berkshire Partners
  • Cerberu

Private equity is more likely to be your end game, or at least a large part of your exit as a startup founder, rather than an early investor. Though these firms may flow down debt that can be used for some ventures.

Venture Capital Firms

In contrast, venture capital firms are equity investors at an earlier stage in the lifecycle of a startup. Just not as early as most think

For the most part VCs are funding startups at their latest stages in their businesses. This is changing some. More are participating in earlier funding rounds as they gain experience and competition grows for returns and opportunities. You may find them involved at Series A through D fundraising rounds. Or perhaps even at the seed stage.

VC firms will typically take much smaller portions of companies than their private equity counterparts. They are still investing at a much riskier stage and mostly try to spread their bets as wide as possible.

Top venture capital firms include:

  • Sequoia
  • Accel
  • Bessemer Venture Partners
  • Andreessen Horowitz
  • New Enterprise Associates
  • Insight Venture Partners
  • Index Ventures
  • Khosla Ventures

This demonstrates more crossover between traditional private equity and the VC world. Though before you go waltzing into one of these firms in your pajamas, know that they still expect a good amount of solid data and due diligence to make a decision on. They aren’t going to be your first investors on day one.

VCs are also typically looking for a shorter term exit. They have deadlines on their funds, and need to get results quickly. They are often going to push you hard to deliver on their promises to their own investors.

PE is more about numbers while VCs are more about people. However, with both PE and VCs everything starts with a solid pitch deck where the story of the company is told in 15 to 20 slides. For a winning deck, take a look at the pitch deck template created by Silicon Valley legend, Peter Thiel (see it here) that I recently covered. Thiel was the first angel investor in Facebook with a $500K check that turned into more than $1 billion in cash. Moreover, I also provided a commentary on a pitch deck from an Uber competitor that has raised over $400 million (see it here).

Angel Investors

Angel investors are a much more likely funding partner for most startup founders. Angels are getting better funded, are grouping together, and are making more investments.

Angels are willing to participate in the earliest rounds of fundraising. They are typically basing their investment as you the entrepreneur and the idea, versus any data or profits. Expect to be raising from angels for a round or two before you even approach any VCs. PEs are probably four or five rounds of financing away at this point. Notable angels include:

  • Mark Cuban
  • Richard Branson
  • Barbara Corcoran
  • Ron Conway
  • Fabrice Grinda
  • Ashton Kutcher
  • Michael Jordan
  • Will Herman

Typically the best angels are those that were entrepreneurs before and fortunate enough to have an exit. I have the pleasure of interviewing some of the most successful entrepreneurs on the DealMakers Podcast where they share some of the patterns they are looking for when investing in other entrepreneurs.

Other Startup Investors

Startup accelerators and incubators are another rising form of early funding. They may invest anywhere from $10,000 to over $100,000 and offer an array of intensive programs, resources and training opportunities. These include names like The Founder Institute, Angel Pad, Y Combinator and 500 Startups. They can get you going if it is a good fit and you can get in. Then help you show off your startup to other investors.

Family offices are increasingly investing in startups as well. They don’t want to miss out on the game that VCs and big private equity firms are enjoying. Though they often like the advantage of investing directly, rather than losing returns to middlemen.

Family offices can be quite different when it comes to what they want and their future expectations though. They may be more likely to offer patient capital or to seek cashflow than other types of investors.

Corporate investors are playing a bigger role in the startup ecosystem today too. They are setting up their own accelerators and are making more strategic investments in startups that can propel their growth and extend their reach.

Summary

Despite the confusion and ambiguity out there, there can be distinct differences between private equity and venture capital when it comes to raising money and exiting a startup. There are many more options for fundraising and exiting than there used to be too.

by Alejandro Cremades – a serial entrepreneur and author of best-seller The Art of Startup Fundraising, a book that offers a step-by-step guide to today‘s way of raising money for entrepreneurs.

Electronic Signature Signing Platform

Project TitleElectronic Signature Signing Platform combined with Facial verification technology and Contract Automation Chatbot
Current StatusConcept / Business Plan
Amount Invested0
Funding RequiredRM100,000
DescriptionGonnasign is an electronic signing platform that adopts advanced facial recognition technology to verify signers’ identity before signing. This solution can be widely introduced in the industry of law, real estate, human resource and organisation that require high safety and security in the business process. 

The problem of eSignature could be fraud is the main issue we would like to solve in the current legal system. Hacker might hack your email, people can access your email through saved password, and the loss of mobile phone could lead to misuse of email. Our solution will target on those professionals in the industry of law, real estate, human resource and organisation that need to sign many contracts daily and those contracts require a certain level of safety and security to verify the real signers.

Other than that, we also hope that our application is not limited to a certain age group of people. By creating the Chatbot Contract Automation concept, we allow people with limited technical knowledge to create the contract and send to signers by just answering an AI-enabled chatbot. The chatbot will be built with maximum efficiency with zero complexity in mind.

The operational cost for Gonnasign will be mainly used to support the server cost, office rental, founder’s salary, SSL certificate and legal consultation fee. Once we launch the beta version, there will be another two additional cost which are third party software fee and cost of designing mobile app. For marketing cost, we have the zero cost marketing strategies where we can give free credit for users and also give extra free credit if they invite their friends to sign up. Words of mouth is always the best marketing strategy. Facebook ad will be used to target on certain groups of user and Google ad will be used to target on some search keywords.

The pricing of a single user is USD$12 per month if they pay 12 months. If there is 100 paid users sign up for the first year, the calculation will be $12 x 4 x 100 paid users x 12 months = RM57600. Assume we will take RM100k as our initial funding, the break-even point is estimated to be 2 years plus after deducting operational cost and marketing cost. Given the condition the paid users remain the same for two years. If there is more users sign up, then the break-even period will be shorter.

Gonnasign is actively looking for funding to bring the facial recognition technology into electronic signing platform. The amount we are asking is RM100,000 with the exchange of equity at 8%. The 60% of the funding amount will be allocated to marketing plan while the rest 40% will be used on company operation.
Business OpportunityGonnaSign will provide a comprehensive line of electronic signing platform enhanced with facial recognition technology for all level of professionals and public. Although eSignature platform has many benefits like simple to use, convenient, faster turnaround and lower cost, but there is still one major security concern – the signer’s identity. Gonnasign works with the advanced facial recognition technology to verify signer’s identity through any browser, and you doesn’t have to install any mobile app to capture signer’s face image. 
Before signing, GonnaSign will detect if signer has registered or not. If no record is found, signer is required to enter his/her mobile number and the platform will send a link to the mobile phone. Signer will open the link using their mobile browser and capture 2 necessary pictures – physical ID card image (eg: driving license card) and selfie image. After the first step, for security purpose, we will request again mobile number. If signer record is found, step one will be skipped next time. A verification link will send to the mobile phone and the cam will send the face image back to the server once it detects face. Our advanced facial recognition technology will compare both faces and complete the signing once the identity is verified.
Other than that, drafting a contract may prove to be a difficult for the public in general who are equipped with limited knowledge. GonnaSign aims to solve these problems by creating a bridge between the current legal system and the advancement of legal technology. This can be achieved by developing a fast and responsive AI-enabled chatbot. In layman terms, it is essentially a chat robot which aims to ease the process of drafting especially in areas of conveyancing. The chatbot would interact with the public and help fill the technical details which are needed. This ensures that the contract is not lacking in certain clauses or any important information which are needed. 
Furthermore, the contracts drafted will always be updated with the latest development of the legal system, this helps provide certainty to the chatbot users. The chatbot will be built with maximum efficiency with zero complexity in mind which in return may attract more people to use it without the need to learn it.
Revenue / Business ModelThe following is a breakdown of anticipated SaaS fee, per month and per annum: 
SaaS Solution USD$12 per month (if pay 12 months)
USD$15 per month (single use)
Management TeamCurrently there are 3 people inside the team, which consists of 2 developers and 1 law student. One developer currently is full time on this project. This idea is a winning idea from last year LawTech Hackathon happened in KL.
Company BackgroundTeam Gonnasign is currently a 3-man developing team that consist of 2 developers and 1 law student. Gonnasign was formed with a vision to solve problems inherent in the current Malaysian Legal System such as issues in relation to distance, location and time which leads to backlog of cases.

It is also without a doubt that currently lawtech solution is not gaining much attention in the South East Asia and because of this, we’ve seen very less lawtech startups were created on the past few years. Gonnasign aims to change the mindset of investors by creating a bridge between the current legal system and the advancement of legal technology. We aim to become the biggest eSignature platform in South East Asia.

The founder of Gonnasign has completed the entire eSignature platform on 2018 but he feel that the entire system has nothing niche compared to our competitors – HelloSign and DocuSign. This is the reason why he has stopped the launching of his startup until he met his teammate in a hackathon which they’ve integrated the facial verification technology to authenticate signers’ identity and also the AI-enabled chatbot to automate the process of drafting a contract. Currently, we are actively looking for funding to bring the Alpha version out.

We believe that eSignature will be a positive trend in near future, if you look for any research online, it is not hard to realize an increasing number of people started to adopt eSignature whether in business tasks or in personal matter. Other than this, the trend of green office is also one of the reasons why people switched from traditional paper into digital document. The solution of eSignature can be widely adopted in the industry of law, real estate, organisation and human resource. There is no limitation as long as your country law recognize the legal power of one’s eSignature.

Used one year plus of time to study our competitor’s platform and to build the entire eSignature platform, we believe there is no one here has more knowledge and determination than us to bring out the eSignature platform. But there is still something we are still lack of – the legal knowledge. This is why we require a funding to hire or to consult law related issues with professional lawyers in the South East Asia because not all countries used the same regulations on the eSignature matter. 

Other than to become the biggest eSignature solution in South East Asia, we actually have another vision to bring eSignature platform into fintech, insurtech and stock market where important contract can be signed digitally and get recognized under Malaysia law.
Funding MilestoneWe will need a funding RM100k to bring the alpha and beta version out by Q2 of 2019 and also to reach 300 paid clients by end of 2019.
For more about the budget calculator, we’ve made a excel file of all expenses.
Here is the link: http://bit.ly/2FvcaOI
% Equity Allocation8 – 10
Risks and MitigationElectronic Signature is protected under Electronic Commerce Act 2006.

But minority of Malaysian still not recognize it, we tried to listen to many voices and feedbacks and they seems like confused with digital signature and electronic signature which are two different stories. Luckily, if eSignature is widely to be accepted in Europe and USA, including Singapore, China and Hong Kong.
Exit StrategiesI am not sure if Capital do offer pre-seed funding or not, I apologize if I come to the wrong place. Plus we also not sure about the exist plan as this is our first time to ask for funding.
Company NameGonnaSign
Business AddressACAT, Wisma Yeap Chor Ee, 16, Gat Lebuh China, 10300 Penang
Contact PersonChuang Kok How

Private Investor : Ion

Preferred Investment AmountRM 20,000 – RM 150,000
Preferred Investment OpportunityAgriculture, Aquaculture, Energy, Renewable Power, IP, Travel, Medical
Will NOT Invest InGambling
Preferred LocationDoesn’t matter
Public ProfileSmall business director, expert in power plant industry.
AddressJln. Stesen Sentral, Kuala Lumpur