Project Transcend offering is now closed and is no longer accepting investments.
INVEST IN PROJECT TRANSCEND TODAY!
Legacy Redefined. Social Media Reimagined.
$55,228.49 Raised
REASONS TO INVEST
Project Transcend is a mobile app designed to capture and share your life’s story, and ultimately your legacy. By giving users tools to capture and share significant moments, and tell the stories behind them, our platform provides an overall more purposeful social media experience.
Social media is a massive global market, with over half the world’s population spending hours every day on various platforms and apps.* Yet increasingly, users report that today’s popular platforms leave them feeling lonely or disconnected, as opposed to connected,* indicating that there is an opportunity in offering something better. Rather than being focused on monetization through ad revenue, or selling user data, our model is based on organic growth through subscription sales, by providing a meaningful experience for our users. We also give back to the communities that need our product most with our We Transcend Program. For each subscription sold, we gift a subscription to one of our partner organizations in need.
At its heart, Project Transcend is an experience creation company. As we evolve, we are excited to utilize AR & VR applications to create immersive memory experiences for users.
*Market information provided by (source) (source)
overview
Redefining Legacy
At Project Transcend, we believe that every life story matters and that the legacies we build are the key to elevating every aspect of humanity.
But what does it mean to leave a legacy?
We believe that legacy is not about wealth or material assets, it’s about who you are, who you’ve been, and who you will become. It’s the moments you experience, it’s the memories you make. It’s what you’ve learned, and what you choose to share. It’s how you live, how you love, and the impact you have on the world, and those around you. It’s how we will be remembered.
The Problem & Our Solution
Social Media Needs a Revolution. Legacy Needs a Home.
When we lose someone we love, we effectively lose access to their wisdom, knowledge, stories, and experiences. We believe that today there are a limited amount of tools available to privately, and purposefully, capture this type of content. We believe that social media falls short of delivering the privacy, and authenticity, required for one’s legacy.
*The above graphic contains images of our beta app which is currently available in the App Store for general use.
Your story is epic. Let’s tell it.
With Project Transcend, we set out to make it easy for people to capture who they really are, what’s important, and what they wish to share in a way that connects people across space and time. On our platform, users have the tools to tell their stories, connect authentically, and build their legacy through soul-searching prompts, media recordings, and encrypted chats.
*The above graphic contains images of our beta app which is currently available in the App Store for general use.
The Market & Our Traction
Ready to Start Making Memories
At present, Project Transcend is finalizing development for launch, but through the formation of mutually beneficial relationships, we anticipate that the demand for our technology will be substantial. Beyond applications for everyday social media users, we believe our platform will be a valuable resource for a number of organizations and communities – serving veterans, active duty military, first responders, Alzheimer's patients, cancer treatment centers, new parents, ancestry archivists, and more.
With additional funding, Project Transcend’s goal is to add additional features & functionality, scale our technical team, launch our 1.0 version, and empower users across the globe to create their legacies.
*The above graphic contains images of our beta app which is currently available in the App Store for general use.
Why Invest
Let’s Create a Legacy Together
*The above graphic contains images of our beta app which is currently available in the App Store for general use.
By empowering people to tell their stories like never before, we believe that Project Transcend is the first platform of its kind, and an antidote to the disconnection created by other social media outlets. It’s a place where you can go to connect deeply with yourself and those you love, as well as a way for moments and memories to become immersive experiences. With this in mind, we are seeking investors who share our vision and are ready for a new approach to social media.
Everyone leaves a legacy. What will yours be?
*The above graphic contains images of our beta app which is currently available in the App Store for general use.
ABOUT
HEADQUARTERS
5432 WINDMILL LN
RALEIGH, NC 27606
WEBSITE
View Site
Project Transcend is social media for capturing one’s life story, and ultimately their legacy. Rather than manufacture content for clicks, likes, and mass engagement, the Transcend platform encourages users to capture authentic moments, and share meaningful memories that are accessible for generations to come. The project is currently pre-revenue and in the beta-testing stages as our team seeks funding to support a successful in-market launch.
TEAM
Matthew Phillips
CEO & Director
Like many things we are compelled to do, this mission was born out of a need to change things.
As a teenager, Matt watched his best friend, and company CFO Bobby Adams lose both of his parents unexpectedly. A few years later he would experience the loss of his own Grandparents, who were his personal heroes. He then unexpectedly lost his own Father, and then his Mother.
It was in his basement, on a winter day in February, when Matt experienced a brush with his own mortality. One that would usher in a new perspective on life, time, and purpose. One that would change the trajectory of his life forever.
As a father of two small children, Matt realized that he nearly left his children without a way to feel his love, have his support, or benefit from the wisdom he has to share with them throughout their lives. He realized that this problem had been surrounding him his entire life’s journey, and it was time to do something about it.
Camden Ford
CTO & Director
Anthony Englese
COO
Tony and his wife spend their time keeping up with their three daughters, two dogs and numerous family members on the coast. Tony has more hobbies and interests than he has time, but some include music, playing guitar, cooking and baseball. Tony believes that our wisdom, love, and experiences are the most valuable assets we have in this life, and that Transcend represents the best way to capture and preserve those assets authentically.
Robert Adams
CFO & Director
Bobby understands the importance of legacy more than most, as he experienced the unexpected loss of both his Mother and Father in his adolescence. As a result, he’s left with more questions than answers, fading memories, and no real way to connect to the past - and he doesn’t want others to feel that pain. Bobby immediately understood the value that Transcend could help bring to the world, and co-founded the company with his life long friend, Transcend founder Matthew Phillips.
He believes that Transcend can fill a huge void by capturing the knowledge and wisdom of those we love, and preserving moments and memories for generations. His 9 and 7 year old children are the loves of his life, and he cherishes each and every moment they spend together.
TERMS
Project Transcend
Overview
PRICE PER SHARE
$1.32
DEADLINE
Feb 8, 2023
VALUATION
$14.52M
AMOUNT RAISED
$55,228.49
Breakdown
MIN INVESTMENT
$149.16
MAX INVESTMENT
$1,234,999.92
MIN NUMBER OF SHARES OFFERED
7,575
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Common Stock
MAX NUMBER OF SHARES OFFERED
935,605
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | Project Transcend Inc. |
Corporate Address | : | 5432 WINDMILL LN, RALEIGH, NC 27606 |
Offering Minimum | : | $10,000.32 |
Offering Maximum | : | $1,234,999.92 |
Minimum Investment Amount(per investor) | : | $149.16 |
Terms
Offering Type | : | Equity |
Security Name | : | Common Stock |
Minimum Number of Shares Offered | : | 7,576 |
Maximum Number of Shares Offered | : | 935,606 |
Price per Share | : | $1.32 |
Pre-Money Valuation | : | $14,520,000.00 |
*Maximum number of shares offered subject to adjustment for bonus shares. See Bonus info below.
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Investment Incentives and Bonuses
Time-Based:
Friends and Family Bonus
Invest within the first 72 hours and receive 20% bonus shares
Early Investor Bonus 1
Invest within the first week and receive 15% bonus shares
Early Investor Bonus 2
Invest within the first two weeks and receive 10% bonus shares
Amount-Based:
$500+ | I want this to exist
1 year of Project Transcend’s premium subscription at no cost.
$1,000+ | I’m down for the cause
5% Bonus Shares
1 year of Project Transcend’s Premium subscription, at no cost.
$2,500+ | I’m a true believer in Legacy
8% Bonus Shares
1 year of Project Transcend’s Premium subscription, at no cost.
Special edition artwork, custom created from one of your Moments / Memories within the Project Transcend App. Each custom print will feature a unique QR code that links your artwork to the corresponding memory within the app, allowing you to proudly display your favorite moments, while also being able to experience them in the most meaningful way.
$5,000+ | I’m in it to win it with you
10% Bonus Shares
1 Lifetime Premium Subscription to Project Transcend
Special edition artwork, custom created from one of your Moments / Memories within the Project Transcend App. Each custom print will feature a unique QR code that links your artwork to the corresponding memory within the app, allowing you to proudly display your favorite moments, while also being able to experience them in the most meaningful way.
$10,000+ | I’m Ride or Die for this
15% Bonus Shares
2 Lifetime premium subscriptions to Project Transcend, for you and a loved one.
Phone call with the founders of Project Transcend to create your own “Starter Pack”
$20,000+ | Let’s start a social media revolution.
20% Bonus Shares
5 Lifetime premium subscriptions to Project Transcend for you and your loved ones.
Invitation to the Transcend Advisory Committee, where you can interact with our founders, and potentially impact product and company direction 4 x per year.
Phone call with the founders of Project Transcend to create your own “Starter Pack”
Private dinner with Project Transcend’s founder, Matthew Phillips
Loyalty Bonus will be 20% (previous investors, beta users)
*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.
The 10% StartEngine Owners' Bonus
Project Transcend 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 $1.32 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $132 . 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 cancelled 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.
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: Vendor payments.
ALL UPDATES
02.07.23
Project Transcend Heads to South by Southwest Next Month!
Photo Courtesy SXSW
Next month, Founder and CEO Matt Phillips will be attending South by Southwest’s annual conference in the deep heart of Texas for what is promised to be an exciting lineup of sessions, exhibitions and more! It will be an unparalleled experience discovering, learning, and networking with creatives from all around the world.Some sessions that we are most excited to attend include:
How Purpose Can Guide Responsible Tech
Simulating the Future: New Metaverse Forecasts
Digital Identity is a Human Right
Own Your Data: Empowering our Digital Future
Building Safe Spaces: Telling Our Stories
Who Do You Want To Be When You Die?
Harnessing the Power of Grief
#DeathTok: How Gen Z is Reimagining Grief and Loss
These sessions are an opportunity to stay current on the latest trends and hear from some of the world’s top decision-makers, influencers and professionals. We can’t wait to be a part of this industry-defining conference and apply it to our work here at Project Transcend!
02.06.23
Project Transcend Announces “Customer Bill of Rights"
Project Transcend announces “Customer Bill of Rights,” a radical departure from the traditional “End User and Terms of Service agreements” that exploit customer’s privacy.
Let us be clear: Your data is sacred, and it’s not for sale to advertisers.
Our thoughts, feelings, moments and memories are some of the most valuable parts of our life’s journey, and no one should share ownership of what is yours. This is a radical departure from the typical user agreements where you sign away the rights to your content and give permission to big tech to monetize you. By breaking new ground with this revolutionary stance on data privacy, Project Transcend seeks to change the way that people interact with social media.
The customer Bill of Rights has 3 basic pillars:
1. You own the rights to your legacy.
2. Your data will not be sold to advertisers.
3. Your legacy will be protected and safeguarded for Generations.
To learn more, visit our About Us.
02.03.23
3 New Hires Join Our Team!
Our team is expanding!
We are thrilled to announce three amazing additions to our development and design team to support new and improved app features.
With your support, we are building advanced features and capabilities to keep driving Transcend’s vision forward.
If you or someone you know is interested in joining our fast-growing team, feel free to contact us on our website.
02.02.23
Project Transcend announces that “Memorials” will be coming to the platform in early 2023.
In response to overwhelming demand, development is currently underway to “memorialize” a members’ legacy.
When we lose the people we love, it can be extremely helpful to have a place where family and friends can share memories, stories, and thoughts. People also have a desire to interact with a loved ones’ legacy to remain connected to who they are after they have passed.
“I look at the Transcend app as a portal. A portal to all things meaningful in one’s life. The stories, beliefs, advice, wisdom and experiences that define our life’s journey can be captured and experienced by the people we love, whether far away, or passed away. This is an extremely important feature for customers that we look forward to offering in the near future,” said Matthew Phillips, Transcend’s Founder and CEO.
This feature is a welcome addition to Transcend’s growing list of capabilities as it moves into the new year.
02.01.23
Project Transcend announces that “communities” will be coming to the platform in early 2023.
We asked our beta community for feedback on what features they would like to see in 2023, and we want you to know that we are not only listening, but we are working hard to bring you what you want in the near term.
One thing we consistently hear is that our subscribers desire a way to meaningfully engage with the communities they are currently a part of. We are excited to introduce interactive communities, which are built to inspire authentic and meaningful ways to connect our members with the causes they care about. “Starter packs” will be available within these communities to inspire meaningful dialogue and the sharing of stories between members.
01.31.23
"We Transcend" Program
Project Transcend announces the launch of its “We Transcend” program, giving the gift of legacy to those who need it most.
There are millions of people out there right now who are in need of a way to capture their legacy, and connect deeply with the people they love. The “We Transcend” program focuses on facilitating the donation of Project Transcend subscriptions to organizations in need. For each subscription purchased, Project Transcend will gift a subscription to one of its “We Transcend” alliance partners.
“We are excited to give the gift of legacy to those who currently need it most- ensuring that they have the tools they need to connect deeply and meaningfully with the people they love, and to create a legacy that lasts forever for the people that care about them. This is what we do, and we couldn’t be happier to do it,” said Matthew Phillips, Founder and CEO.
01.30.23
Dr. Chloe Wisdom Joins Project Transcend’s Advisory Board
We are proud to announce that Dr. Chloe Wisdom, DSW, has joined Project Transcend’s advisory board! She brings a wealth of expertise and experience to the platform from her background as a combat veteran, a psychology expert, a mental health advocate, and a single mother to two amazing children.
Chloe has been instrumental in helping Transcend design the tools needed to inspire healthy communication and self expression. As a multiple deployment veteran of Operation Iraqi Freedom and having served as an intelligence analyst for our Tier 1 special forces community, she is an invaluable resource for our veteran audience.
“Transcend harnesses technology for good and helps its members to capture their legacy and connect with each other in ways that seem lost in today’s superficial, surface level, filtered world,” said Chloe. “The app challenges us to think differently about what matters and how we define our authentic selves.”
01.19.23
Project Transcend Announces CF Raise on Start Engine!
We announced our raise one month ago! Read more about it here:
Link to Press Release: https://www.businesswire.com/news/home/20221212005039/en/Project-Transcend-Announces-Crowdfunding-Raise-on-StartEngine
We will be keeping you in the loop with frequent updates, so be sure to tune in!
- Project Transcend Team
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
$149
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
$500
I want this to exist
Invest $500+ and receive 1 year of Project Transcend’s premium subscription at no cost.
$1,000
I’m down for the cause
Invest $1,000+ and receive 1 year of Project Transcend’s premium subscription at no cost + 5% Bonus Shares.
$2,500
I’m a true believer in Legacy
Invest $2,500 and receive 8% Bonus Shares + 1 year of Transcend’s Premium subscription, at no cost + special edition artwork of one of your Transcend memories. Each custom print will link to its corresponding memory within the app.
$5,000
I’m in it to win it with you
Invest $5,000 and receive 10% Bonus Shares + 1 Lifetime Premium Subscription to Transcend + Special edition artwork of one of your Transcend memories. Each custom print will link to its corresponding memory within the app.
$10,000
I’m Ride or Die for this
Invest $10,000 and receive 15% Bonus Shares + 2 Lifetime premium subscriptions to Project Transcend, for you and a loved one + Phone call with the founders of Project Transcend to create your own “Starter Pack”
$20,000
Let’s start a social media revolution
Invest $20,000 and receive 20% Bonus Shares + 5 Lifetime premium subscriptions to Transcend + Invitation to the Transcend Advisory Committee + Opportunity to create your own Starter Pack, to be featured within the app
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
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.
