INVEST IN FORESYTE TODAY!
Based on a national research study, over two-thirds of Americans ages 18-34 don't have a system for budgeting or planning their finances, among whom 86.4% said they were interested in Foresyte. Our Serviceable Addressable Market (SAM) is valued at $9.3B and we have 10,450 total downloads to-date.*
This generation travels an average of 35 days per year, spending $5,700 on vacations – 72.7% more than Boomers ($3,300), despite carrying a staggering $117K in average total debt. The problem isn’t a lack of access to commoditized budgeting resources within a heavily saturated market. There's a reason 67% of this demographic ignores those products: they only report on un-actionable spending history from the past.
It's time we reframe the approach. It's time we have a solution that helps us be proactive as we plan for life's great adventures. It's time we all have a little Foresyte in our lives.
the pitch
Foresyte is on a mission to equip young professionals with the resources they need to plan their experiential lifestyles responsibly. Particularly within the context of travel. A national survey conducted by Anthology Research Firm found that over 67% of Americans ages 18-34 are currently unserved with budgeting, 86.4% of whom said they want to use Foresyte in that same survey. With a serviceable addressable market valued at $9.3 billion and impressive early traction since debuting on July 17, 2022 – 92% MoM growth, 10,500 installs, +600 installs/wk, 2,300 MAU, $2.47 CAC, 4.6 star rating, and 255 referrals invited by users just last month – Foresyte is pursuing additional capital to accelerate growth and product development.
(Source | Source | Source | Source | Source | Source | Source | Source)
Overview
At Foresyte, we designed an app that brings financial context to how we make plans for life’s fun and meaningful moments, such as vacations, weddings, bachelor(ette) parties, festivals, concerts, and other special occasions; with a heavy focus on travel planning. The solution is effective, approachable, and social, helping us be proactive as we plan for life's great adventures. Our technology is patent-pending, and our leadership team has significant experience in product management and software engineering
The Problem & Our solution
Currently, two-thirds of Americans ages 18-34 are underserved in their budgeting needs. However, this demographic travels an average of 35 days per year with a 72.7% higher annual vacation spending than Boomers, even while carrying an average of $117K in total debt* (Source | Source | Source). This generation overwhelmingly prioritizes experiences > materialism. According to our research, 86.4% of this generation would be interested in a product like Foresyte (Source).
The problem has never been a lack of commoditized budgeting resources within a heavily saturated market. No, there’s a reason 67% of this age group ignores those products. Those products are intimidating, they report on un-actionable spending history from the past, and they don't provide the preemptive insights we need to know the outcome before it’s happened, so that we can actually prepare ourselves for the costly experiences we pursue.
Know the full cost of travel before booking. Flights, lodging, transportation, food & fun; all in one place. These prices are aggregated from vertical sources and provide a preemptive outlook on the cost of travel, financially preparing us for our next getaway. Foresyte guides us each step every step of the way as we discover, plan, and save up for our next big experience!
Planning with friends is a single tap away with Foresyte. Our innovative social environment rivals major incumbents in terms of peer connectivity, which has driven a powerful network effect responsible for producing 255 referrals last month. This allows our users to collaborate with friends to build the perfect itinerary for a memorable experience, removing one of the biggest pains from group travel. Foresyte is built on community and unlocks a whole new way for Gen Z to travel. (source)
Coming this April: peer-to-peer travel discovery. This concierge-style service will be THE destination for discovering new places and maximizing travel experiences, brokering a highly targeted distribution network for all services related to travel. In Q2 of this year, we will be piloting travel checklist services for preferred pet boarding and visa applications. Once we've achieved proof of concept through these low barrier to entry sectors, we plan to quickly scale this model up for featured resorts, excursions, dining and nightlife. Building trust with our users through our unrivaled financial insights, to then gain their trust in brokering these introductions for high-margin travel experiences.
Additional revenue streams coming this summer include booking syndication commissions sourced from third-party booking partners such as Hopper, Booking.com, Airbnb, OpenTable, & TripAdvisor. Expedited withdrawal fees generated by in-app cash exchange infrastructure will debut in Q3, allowing our users to square up with friends for group travel, dining, and entertainment.
*The aforementioned booking functionality is an anticipated event that has not yet occurred. This function is currently under development and is not commercially available at this time. This statement does not guarantee the booking functionality's launch, performance, or future success.
the market & Our Traction
Our serviceable global available revenue is valued at $9.3 billion, with 80 million total target customers in the U.S. alone (Source). Our CMO has a prominent TikTok following of 709K as of March 14, 2023 (Source). Foresyte produces 600 weekly average installs, and TikTok is a key driver behind the $2.47 cost-per-install. In addition to the efficiency driven by TikTok, the product has also seen an exciting recent uptick in word-of-mouth growth over the past month, with 255 referral invitations having been sent out by satisfied users (Source).
(Source | Source | Source | Source | Source)
Foresyte holds provisional patents on four unique technologies. We have recently been featured on several prominent publications, including Product Hunt, Tech Times, NY Weekly, LA Weekly, The UBJ, VC Post and Go Solo. Perhaps one of our most valuable assets is our relationship with Heinrich Marketing, a top-notch marketing service at no cost to us.
*The above testimonials may not be representative of the opinions or experiences of other users and is not a guarantee of future performance or success.
Why Invest
In building our visionary solution to lifestyle planning for young professionals, we found a way to deliver a great product, progress swiftly through feedback loops, and quickly penetrate an underserved market on a shoestring budget. With strong early traction, demonstrated interest from 86.4% of young Americans, and a multi-billion dollar SAM, we believe that we are primed to reshape the world of personal finance and discretionary planning.
Invest in Foresyte and join our mission to provide more people the opportunity to get the most fun out of life.
Foresyte helps us plan for the future based on the plans we make today, so that we can financially prepare ourselves for the costly experiences we pursue.
- MyG2 Campaign Dashboard – ideated & launched this G2 equivalent to Google Ads, producing over $1M in campaign spend in the first six months alone
- G2 Data Cloud – governed G2’s cavernous data infrastructure, spanning nearly a dozen siloed data sources and hundreds of millions of records. Led a team of 7 data engineers to automate processes and deliver solutions to market which directly influenced over $2M in annual recurring revenue during his time leading the team
Prior to Foresyte, Dylan served as a DevOps engineer for Xactly Corp, a SAAS sales performance management company, where he led the effort to implement multiple high impact solutions including a global content delivery (CDN) using Azure cloud services.
Dylan obtained his BS in Business Management from Colorado State University, with a concentration in Innovation and Organization Management. After graduating from CSU, Dylan quickly moved into software engineering as a self taught engineer.
Tarun Sahu
Senior Engineer
Kevin Corboy
Junior Engineer
Elena Eddy
Community Specialist (Intern)
Maximum Number of Shares Offered subject to adjustment for bonus shares
Perks
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Time-Based:
Friends and Family Early Birds
Invest within the 72 hours and receive 15% bonus shares
Super Early Bird Bonus
Invest within the first week and receive 10% bonus shares
Early Bird Bonus
Invest within the first two weeks and receive 5% bonus shares
******
Amount-Based:
$1,000+ | Premier
Complimentary lifetime subscription to Foresyte
$2,500+ | Silver
2% bonus shares
Complimentary lifetime subscription to Foresyte
$5,000+ | Gold
5% bonus shares
Foresyte branded Nike hat
Complimentary lifetime subscription to Foresyte
$10,000+ | Platinum
10% bonus shares
Foresyte branded Nike hat
Complimentary lifetime subscription to Foresyte
$20,000+ | Diamond
15% bonus shares
Foresyte branded Nike hat
Complimentary lifetime subscription to Foresyte
The 10% StartEngine Owners' Bonus
Foresyte, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $0.82 / share, you will receive 110 shares Common Stock, meaning you'll own 110 shares for $82. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share
This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and the Loyalty Bonus in addition to the aforementioned bonus.
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.
Irregular Use of Proceeds
The Company might incur Irregular Use of Proceeds that may include but are not limited to the following over $10,000: Salary payments made to one’s self, a friend or relative. Inter company debt or back payments.
04.24.23
Reflection
StartEngine - it's been a hell of a ride. Evolving from a product still finding its footing with revenue back in February, to a product that has decisively hit its stride in the market, Foresyte has matured in many ways during its stint on the platform.
On behalf of the founding team, we are both thrilled and grateful to have garnered such unanimous support from our expansive community of investors. We're pleased to announce that Foresyte has secured the runway necessary to sustain operations well beyond its projected timeline for reaching profitability.
Road Ahead
Foresyte has firmly established two scalable revenue channels which are gaining more momentum by the week:
... and has built a powerful distribution engine capable of producing rapid global scale:
Led by a special team with the proven stamina to weather any storm, Foresyte is a living testament to the adage that great companies are born during challenging economic times. Following a couple years of sustained market traction, Foresyte intends to seek acquisition interest from incumbents operating within its cousin verticals, travel and social.
The future is looking bright 🔮
Best,
Stephen
04.24.23
Strong early traction is only worth as much as the operational efficiency which drives it, and talent can be hard to assemble when attempting to run a lean operation. Yet Foresyte has found a way to achieve all of the above without compromise.
Our team includes:
The talent and cohesiveness of our team is a rare find in the startup world. But even more rare? Foresyte has accomplished all of this while keeping its gross monthly burn under $20K.
The team at Foresyte is lean, mean, and ready to scale its product to great heights. The Foresyte train leaves the station in just 13 hours. The time is now 🚂
04.24.23
Foresyte's late momentum continued over the weekend, rallying a total of $65K in a 12-day span. This development is unsurprising in light of the company's recent revenue traction Source
This is your last chance to invest. Don't miss your opportunity to be a part of something great.
04.23.23
Foresyte surged past the $200K barrier last night in its raise that continues to gain more momentum by the day. Here are a few reasons you should (re)invest before the window closes:
We're witnessing an exciting inflection point. A product decisively establishing true product-market fit. Join us today.
Best,
Stephen
04.21.23
Foresyte Q&A
Friendly reminder - the Foresyte team will be hosting a live Q&A session this afternoon (Friday, April 21) at 3pm CST.
This session will be a great opportunity to meet the co-founders, hear about all the exciting business developments, and get answers to any of the questions you may have.
******
7-Day Review
Foresyte's recent growth hike has settled nicely into place as the new normal, netting 270 installs per day with a modest $87 in daily ad spend. Source
With premium subscriber conversion rising rapidly week-over-week (thanks to a few timely new feature launches), Foresyte projects it will hit breakeven by late summer.
Here's to an exciting year ahead. We hope you join us for the ride.
04.20.23
Earlier this morning, Foresyte celebrated the launch of two groundbreaking features:
Featured Services Dashboard - Otherwise known as Preferred Partners, Foresyte's new discovery dashboard features an exclusive list of the top-10 resorts, experiences, and travel services located across various cities and regions.
Group Events Remastered - Create, invite, post, comment, collaborate... planning with friends made easier than ever before.
Only 4 days left to invest. Don't get left out of the fun, Foresyte is here to stay 🔮
04.19.23
The wins keep on coming for Foresyte. The product has averaged 5.5 daily premium upgrades over the past week (39 total) and reached double digit conversions for the first time ever yesterday (13).
With a distribution engine driving installs for under $0.50 a piece - and a platform network effect rapidly emerging - Foresyte's path to breakeven is viable and within sight.
Don't get caught on the outside looking in. Only 5 days left to join us!
04.17.23
Foresyte made a statement over the weekend through its historic growth run, driving 1,100 installs in a 3-day span with a modest $307 spent on ads ($0.28 cost per install). Source
Positive sentiment throughout the TikTok community is gaining more traction by the day and this intriguing development shows no sign of slowing. The Foresyte name will soon be known by the world.
Do yourself a favor and join the party before the door closes.
Best,
Stephen
04.16.23
The team at Foresyte is shattering records with over 804 installs produced in the past 48 hours 🔮 Source. Momentum has followed suit on StartEngine with over $25.5K raised during the same time frame.
What has caused this sudden viral surge? Well, with our CMO having an influential 830K follower TikTok reach (+100K gained just in the past 30 days), Foresyte's potential for explosive growth on the platform has never been a secret.
That said, the team has never achieved true virality when attempting to promote product-centered content on Ken's personal profile, since the TikTok algorithm intentionally suppresses the reach of "promotional sounding" organic content.
So, Ken decided to try something new yesterday by quickly referencing Foresyte as a side topic at the end of an unrelated post. This maneuver clearly tipped the algorithm in our favor and the results have been truly astonishing.
This clever formula is highly reproducible. Ken posts ~10 times per week on his personal profile and he plans to start mixing a Foresyte reference into the end of every other post. Best of all, this marketing strategy comes at no cost to the company.
By sustaining this rate, Foresyte will eclipse 50K installs by July. Don't miss your chance to ride this wave. Join us today.
04.14.23
The Foresyte team will be hosting a live Q&A panel for the StartEngine investor community next Friday, April 21. Don't miss your chance to meet the co-founders, hear about all the exciting business developments, and get answers to any of the questions you may have.
We look forward to hosting this productive session!
Best,
Stephen
Members get an extra 10% shares in addition to rewards below!
0/2500
2 months ago
0
0
2 months ago
1
0
2 months ago
1
0
12 INVESTMENTS
2 months ago
1
0
10 INVESTMENTS
3 months ago
1
0
3 months ago
0
0
10 INVESTMENTS
3 months ago
1
0
10 INVESTMENTS
3 months ago
1
0
3 INVESTMENTS
4 months ago
1
0
Cancel anytime before 48 hours before a rolling close or the offering end date.
We want you to succeed and get the most out of your money by offering rewards and memberships!
Your info is your info. We take pride in keeping it that way!
Invest in over 200 start-ups and collectibles!
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
Important Message
IN MAKING AN INVESTMENT DECISION, INVESTORS MUST RELY ON THEIR OWN EXAMINATION OF THE ISSUER AND THE TERMS OF THE OFFERING, INCLUDING THE MERITS AND RISKS INVOLVED. INVESTMENTS ON STARTENGINE ARE SPECULATIVE, ILLIQUID, AND INVOLVE A HIGH DEGREE OF RISK, INCLUDING THE POSSIBLE LOSS OF YOUR ENTIRE INVESTMENT.
www.StartEngine.com is a website owned and operated by StartEngine Crowdfunding, Inc. (“StartEngine”), which is neither a registered broker-dealer, investment advisor nor funding portal.
Unless indicated otherwise with respect to a particular issuer, all securities-related activity is conducted by regulated affiliates of StartEngine: StartEngine Capital, LLC, a funding portal registered here with the US Securities and Exchange Commission (SEC) and here as a member of the Financial Industry Regulatory Authority (FINRA), or StartEngine Primary, LLC, a broker-dealer registered with the SEC and FINRA/SIPC . You can review the background of our broker-dealer and our investment professionals on FINRA’s BrokerCheck here. StartEngine Secondary is an alternative trading system regulated by the SEC and operated by StartEngine Primary, LLC, a broker dealer registered with the SEC and FINRA. StartEngine Primary, LLC is a member of SIPC and explanatory brochures are available upon request by contacting SIPC at (202) 371-8300.
Investment opportunities posted and accessible through the site are of three types:
1) Regulation A offerings (JOBS Act Title IV; known as Regulation A+), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Primary, LLC (unless otherwise indicated). 2) Regulation D offerings (Rule 506(c)), which are offered only to accredited investors. These offerings are made through StartEngine Primary, LLC. 3) Regulation Crowdfunding offerings (JOBS Act Title III), which are offered to non-accredited and accredited investors alike. These offerings are made through StartEngine Capital, LLC. Some of these offerings are open to the general public, however there are important differences and risks.
Any securities offered on this website have not been recommended or approved by any federal or state securities commission or regulatory authority. StartEngine and its affiliates do not provide any investment advice or recommendation and do not provide any legal or tax advice with respect to any securities. All securities listed on this site are being offered by, and all information included on this site is the responsibility of, the applicable issuer of such securities. StartEngine does not verify the adequacy, accuracy or completeness of any information. Neither StartEngine nor any of its officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy, or completeness of any information on this site or the use of information on this site. See additional general disclosures here.
By accessing this site and any pages on this site, you agree to be bound by our Terms of use and Privacy Policy, as may be amended from time to time without notice or liability.
Canadian Investors Investment opportunities posted and accessible through the site will not be offered to Canadian resident investors. Potential investors are strongly advised to consult their legal, tax and financial advisors before investing. The securities offered on this site are not offered in jurisdictions where public solicitation for offerings is not permitted; it is solely your responsibility to comply with the laws and regulations of your country of residence.
California Investors Only – Do Not Sell My Personal Information (800-317-2200). StartEngine does not sell personal information. For all customer inquiries, please write to contact@startengine.com.
StartEngine’s Reg A+ offering is made available through StartEngine Crowdfunding, Inc. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment. For more information about this offering, please view StartEngine’s offering circular and risk associated with this offering.
David McCune
2 months ago
0
0