jonward

Love the energy, its a tool for the instagram generation.

Good thinking, but the app is not mature enough to validate someone's legitimacy as an investor. This is really focused on the social media crowd right now.

Love the energy, I'd be super down to have like a 10 minute vchat with you about this. The fun thing about this service is that it really is just hiding in plain sight, its obvious but also oddly taboo in western society. People want to know how much money other people have, but don't want to share how much they themselves have.

Liquid cash is the measure, because that's what we can easily measure today. Liquid cash also aligns well with the type of assets that people usually brag about. The complexity will grow with time.

This is the grand experiment :)

The social currency aspect is what we are focused on right now.

Here's my thinking:

1.1) You are on a pseudonymous website e.g. hackernews or reddit (or 4chan). You make some claim on the internet of being high net worth. I, a stranger on the internet, do not believe you. You want to win your argument, so you post a link to your net worth page.

1.2) You are an instagram influencer who wants to provide evidence that those fancy cars aren't just a 1-day rental, and that house isn't just an airbnb premium. So you add a post to your instagram story with a link to your net worth page. Heck maybe you even add it to your Tinder/Hinge/League profile.

2) You have complete control over what you put on your profile, you don't have to put your real name or your real picture. The only thing guaranteed to be real on that page is the total net worth.

Yes, especially for this v0.1 its a status thing. It's really focused on relatively liquid assets. But of course, once we master these easy asset categories and build a product that people want to use, we can work towards these more complex asset categories.

Thanks for the great questions.

Business Model/Market: As of today, we monetize by selling QR code hats which when scanned lead to your profile page showing how much money you have. This is because this first version is really a status symbol, b2c product, we want to get traction by connecting with influencers. In other words, what you see now is the "Influencer Tier".

In the future we plan to build a premium tier which enables you to directly show a history of your networth over months and weeks. This is useful for internet ecommerce gurus who need financial credibility in order to sell their product. These additional features which offer more transparency form what will call the "Guru Tier".

TOS/Privacy: Great call out. We need to add more transparency about ourselves as the founders as well. We need an about page. This trust is something we are going to earn over time by being open about who we are, and how this works (including how we plan to make money).

Real Estate/Debt: As of today, we don't support verification of real estate. But if these is a recurring request, then its a feature we could work towards in the future. As for debt, you aren't required to add a financial account, so people could just omit their debt. This is a legitimate gap that I don't know how to solve yet.

Show the world how much money you have.

Our system is built on top of the plaid api, and we don't store any of your financial credentials.