Feb 19
VISXA® The Global Citizens Platform
We have applied to join Y Combinator and we are sharing our Application Publicly as we are #BuildingInPublic #BuildInPublic movement
YC Application W2023
Company name:
VISXA, Inc
Company url, if any:
https://visxa.com
If you have a demo, what’s the url? Demo can be anything that shows us how the product works. Usually that’s a video or screen recording.
https://youtu.be/defl9A1MZl4
Please provide a link to the product, if relevant.
Followed by login credentials, if required.
Describe what your company does in 50 characters or less.
The Global Citizens Platform
What is your company going to make? Please describe your product and what it does or will do.
2nd Citizenship for asset protection and tax minimisation in 6 hours!
Problem
Billionaires and Global Citizens
- Hate Paying Tax
- Need to Protect Wealth
- Value time over Money
2nd Citizenship
- Helps minimise Taxes
- Helps protect Wealth
But 2nd Citizenship
- Takes over 100 contact hours
- Billionaires don’t have 100 hours to sit with lawyers.
Solution
VISXA is an automated platdfrom that captures the data needed for the 2nd Citiship proceeding in just 6 hours!
Where do you live now, and where would the company be based after YC?
(List as City A, Country A / City B, Country B.)
Grand Cayman, Cayman Islands
Please enter the url of a 1 minute unlisted (not private) YouTube video introducing the founder(s). This video is an important part of the application. (Follow the Video Guidelines.)
Who writes code, or does other technical work on your product? Was any of it done by a non-founder? Please explain.
I have used a Venture Studio to build the MVP V1 called Paralect, they have a development team which have to develop the Platform, find below more information about them
https://accelerator.paralect.com/#portfolio
Will use them again to Build MVP V2
How many founders are on the team?
(Fill out this number of founder profiles)
1
Are you looking for a cofounder?
Yes
PROGRESS
How far along are you?
Raised 105K USD
Build an MVP V1 launched during 2021 (Lockdown)
Onboard 300+ users and 50+ Partners.
Pivot the whole idea to focus on 2nd Citizenship and residency for Global Citizens.
How long have each of you been working on this? How much of that has been full-time? Please explain.
2 years
Full time.
Are people using your product?
Yes
How many active users or customers do you have? How many are paying? Who is paying you the most, and how much do they pay you?
MVP V1
300+ Signups for users
50+ Signups for Partners
Do you have revenue?
Yes
Where does your revenue come from? If your revenue comes from multiple sources (ex. multiple products, multiple companies or a mix of consulting and this product), please break down how much is coming from each source.
I’m currently using no-code tools to test the 2nd Idea and already have received my first 500 USD for the 1st customer.
If you are applying with the same idea as a previous batch, did anything change? If you applied with a different idea, why did you pivot and what did you learn from the last idea?
Last time, I was applying for general immigration to help with visas and connect with lawyers.
What I have learned during the last 2 years, lawyers don’t want to change and it’s much better to automate everything and don’t use them.
Now, I’m only focusing on residency and citizenship.
If you have already participated or committed to participate in an incubator, “accelerator” or “pre-accelerator” program, please tell us about it.
2021 MDR Lab — London, UK
https://lab.mdr.london/five-diverse-entrepreneurs-join-first-mdr-lab-launch-programme/
2021 Founders Institute — Switzerland
2021 TAMS — USA
2021 Paralect Accessloator — Minsk, Belarus
https://blog.paralect.com/post/visxa-and-nudge-are-live
2022 Cayman Enterprise City — Cayman Islands
https://www.caymanenterprisecity.com/blog/incubator-programme
IDEA
Why did you pick this idea to work on? Do you have domain expertise in this area? How do you know people need what you’re making?
I’m an International Lawyer
🛂 Hold multiple passports and residency in 8+ countries
✈️ Done business with 50+ countries
🤯 Helped 1000+ move and start businesses between countries
🧳 Lived in 8+ countries
🚢 Visited 25+ countries
Who are your competitors? What do you understand about your business that they don’t?
Currently, the 2nd Citizenship market is controlled by old-school firms which make a lot of money and don’t want to innovate new technologies to protect what they are selling.
How do or will you make money? How much could you make?
(We realize you can’t know precisely, but give your best estimate.)
We will sell yearly packages starting from 25k USD and up to 250K depending on the solution offered for the global citizens.
We also build a community where we will able to create lower class monthly subscriptions starting from 250 USD per month
How do users find your product? How did you get the users you have now? If you run paid ads, what is your cost of acquisition?
- Online content
- Partnerships with other infulctors
- Building an affiliation program
- Partnership with Online legal services provides
If you track metrics around user engagement and retention, what are they?
Where will most of your initial users be located?
US
Which category best applies to your company?
Travel/Tourism
EQUITY
Have you formed ANY legal entity yet?
This may be in the US, in your home country or in another country.
Yes
Please list all legal entities you have and in what state or country each was formed (e.g. Delaware C Corp, Mexican SAPI, Singapore Pvt Ltd, etc.).
This might include subsidiary companies, legal entities you formed in other markets to do business, entities you created before a pivot, or legal entities you set up to employ developers or other service providers.
UK Limited Company 2020
Delaware C Corp 2021
Cayman Islands 2023 (Soon)
Please describe the breakdown of the equity ownership in percentages among the founders, employees and any other stockholders. If there are multiple founders, be sure to give the equity ownership of each founder and founder title (e.g. CEO).
100% for myself.
Rasied 100k SAF
List any investments your company has received. Include the name of the investor, the amount invested, the premoney valuation / valuation cap, the type of security sold (convertible notes, safes or stock), and the investment date.
5K Grant from MDR Lab
100K SAFA from Paralect
How much money have you raised from investors in total in US Dollars?
$105,000
How much money do you spend per month?
$5,000
How much money does your company have in the bank now?
$10,000
How long is your runway?
(e.g. 5 months)
2
Are you currently fundraising?
Yes
Please provide any relevant details about your current fundraise.
1.5 Million USD
SAFE
15 Million Pre-Money Valuation
— —
Will be pitching the company on 01.12.2022 at the Cayman Islands
to Private Investors held by Cayman Enterprise City
https://photos.app.goo.gl/44FBLVHvNd8krymZA
— —
VISXA is a platform for Global Citizens who are looking to build a new Global Lifestyle where they pay less or no Taxes at all 🤩✈️🧳
🇬🇧🇪🇺🇺🇲🇨🇦
Global Internet Remote Company
VISXA takes on the complexities of legalizing emigration so that you can think about the positive changes ahead.
Whether you are immigrating for training, professional development, family rebuilding, or business expansion, VISXA can help you get what you want with a guarantee.
3 easy steps to get you closer to your goal:
- fill out the form on the website;
- get a free consultation. We understand your situation better, you get a specialist for your case;
- VISXA is your single point of contact, tracking progress on your case to receive a positive decision
hello at visxa dot com
VISXA ™
#VISXA
