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Invest in Medean

Financial planning for the next generation

  • $129,000Amount raised
  • $1,000Minimum
  • $6,000,000Valuation cap

Purchased securities are not currently tradeable. Expect to hold your investment until the company lists on a national exchange or is acquired.

Medean is offering securities under both Regulation D and Regulation CF through SI Securities, LLC ("SI Securities"). SI Securities is an affiliate of SeedInvest Technology, LLC, a registered broker-dealer, and member FINRA/SIPC. SI Securities will receive cash compensation equal to 7.50% of the value of the securities sold and equity compensation equal to 5.00% of the number of securities sold. Investments made under both Regulation D and Regulation CF involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest. Furthermore, the contents of the Highlights, Term Sheet sections have been prepared by SI Securities and shall be deemed broker-dealer communications subject to FINRA Rule 2210 (the “Excluded Sections”). With the exception of the Excluded Sections noted above, this profile contains offering materials prepared solely by Medean without the assistance of SI Securities, and not subject to FINRA Rule 2210 (the “Issuer Profile”). The Issuer Profile may contain forward-looking statements and information relating to, among other things, the company, its business plan and strategy, and its industry. Investors should review the risks and disclosures in the offering's draft. The contents of this profile are meant to be a summary of the information found in the company’s Form C. Before making an investment decision, investors should review the company’s Form C for a complete description of its business and offering information, a copy of which may be found both here and below.


Company Highlights

  • Customers save more than $250 in their first month using the app
  • Featured stories and mentioned in NBC News, Yahoo Finance, MSN Money, US News and World Report and named in Built-in-Chicago's top 50 startups to watch in 2019
  • Relationships with two fortune 500 banks, including a fintech partnership and a revenue-generating service agreement
  • Participated in two prominent Fintech Accelerators with BMO Harris Bank & CivicX (supported by Capital One)
  • Our product engagement is 2x+ greater than competitors: Customers use the app every 2.6 days on average

Fundraise Highlights

  • Total Amount Raised: US $129,000
  • Total Round Size: US $1,000,000
  • Raise Description:  Seed
  • Minimum Investment:  US $1,000 per investor
  • Security Type:  Crowd Note
  • Valuation Cap:  US $6,000,000
  • Offering Type:   Side by Side Offering

Our company is focused on making personal finance more simple, providing guidance to improve, and giving incentives that motivate users to take positive action with their finances


Millennials struggle to manage their finances, yet very few seek help

Personal financial management is the greatest challenge facing millennials today. On average, they have over $27k in debt and a negative 2% savings rate. Managing your finances can be a confusing and often stressful process, thanks to the complexity of the financial world. As a result, most people don’t actively track their finances or set goals, making it hard for young millennials to understand how they are doing and what to improve. More than 70% are unsatisfied with their current financial situation yet less than 20% are engaged.

Fintech works in silos

Fintech's response is to specialize by product or service; the offering is essential to the company, not the user.  Most solutions focus entirely on investment advice and fail to account for the entirety of a person’s situation and goals in life. The problem is they’re not helping you figure out if, instead of investing your money, you should use it to pay off debt or set it aside in a less risky savings account to buy a home in a few years. 

Medean brings everything together

Medean is the all-in-one budgeting app and financial planner that brings all aspects of your finances together in a simple and intuitive way. We have developed relationships with multiple financial institutions, allowing users to link all their accounts in one place and see the entirety of their financial life so they can make more holistic decisions with their money. Medean creates a personalized Journey for each user depending on where they are in their life, whether they want to figure out how much money they should save each month or need advice on how to tackle their debt.  The Journey is built on a proven framework that increases in complexity as your financial health and literacy improves.

Media Mentions

The Team

Founders and Officers

Erik started his professional career working in data analytics and corporate finance at Simon Property Group, one of the largest mall owner in the world. He was actively involved in the startup community while pursuing his MBA at Kelley School of Business and working in investment banking. Erik played a key role in the formation of Clear Scholar, a student engagement platform that went on to raise $2M and was acquired in 2018. He then founded Medean in a new venture challenge, where his team won the competition and went on to raise an $850k seed round. Since its launch, Medean has served more than 10k individuals on their web and mobile products, saving customers an average of over $1200 per year.

Outside of Medean, Erik spends time as a contributing writer and thought leader on personal finance and entrepreneurship, where his work and opinions have been published on major outlets such as Yahoo Finance, Forbes, and U.S. News. He is a member of Forbes Young Entrepreneurs Council (YEC), advises numerous local startups and entrepreneurs, and serves on two non-profit boards.

Erik Skjodt

CEO

Erik started his professional career working in data analytics and corporate finance at Simon Property Group, one of the largest mall owner in the world. He was actively involved in the startup community while pursuing his MBA at Kelley School of Business and working in investment banking. Erik played a key role in the formation of Clear Scholar, a student engagement platform that went on to raise $2M and was acquired in 2018. He then founded Medean in a new venture challenge, where his team won the competition and went on to raise an $850k seed round. Since its launch, Medean has served more than 10k individuals on their web and mobile products, saving customers an average of over $1200 per year.

Outside of Medean, Erik spends time as a contributing writer and thought leader on personal finance and entrepreneurship, where his work and opinions have been published on major outlets such as Yahoo Finance, Forbes, and U.S. News. He is a member of Forbes Young Entrepreneurs Council (YEC), advises numerous local startups and entrepreneurs, and serves on two non-profit boards.

Matt is an accomplished software engineer and startup veteran. Before Medean, Matt helped develop and launch two other startups, Reveel and Spothero. At Reveel, Matt served as CTO and lead their engineering organization through three product launches in both local US and international markets. During the early stages of Spothero, Matt helped develop their initial MVP.

Prior to becoming an entrepreneur, Matt worked in technology consulting advising large public sector organizations on their technology strategy. Matt holds a B.S. in Computer Science from Indiana University. He volunteers at The Difference Engine, a non-profit focused on helping non-traditional software developers launch their careers. Matt is an inventor on one patent in the field of mobile technology and geolocation.

Matt Karazin

CTO

Matt is an accomplished software engineer and startup veteran. Before Medean, Matt helped develop and launch two other startups, Reveel and Spothero. At Reveel, Matt served as CTO and lead their engineering organization through three product launches in both local US and international markets. During the early stages of Spothero, Matt helped develop their initial MVP.

Prior to becoming an entrepreneur, Matt worked in technology consulting advising large public sector organizations on their technology strategy. Matt holds a B.S. in Computer Science from Indiana University. He volunteers at The Difference Engine, a non-profit focused on helping non-traditional software developers launch their careers. Matt is an inventor on one patent in the field of mobile technology and geolocation.

Reed

Head of Marketing

Reed is a second-year MBA candidate at the University of Chicago Booth School of Business where he is concentrating in Marketing Management, Strategic Management and Entrepreneurship. He also serves as a co-chair of the Marketing Group and Epicurean Club, and is a recipient of the James M. Kilts Scholarship in Marketing as well as the Booth Ambassador Award. Prior to Booth, Reed spent four years at Microsoft Corporation, starting in their Finance Rotation Program and then serving as a Finance Manager for the Surface Revenue team responsible for the 1st-party stores business. He spent this summer interning at Accenture Strategy in their New York office working for a pharmaceutical client.

Reed

Head of Marketing

Reed is a second-year MBA candidate at the University of Chicago Booth School of Business where he is concentrating in Marketing Management, Strategic Management and Entrepreneurship. He also serves as a co-chair of the Marketing Group and Epicurean Club, and is a recipient of the James M. Kilts Scholarship in Marketing as well as the Booth Ambassador Award. Prior to Booth, Reed spent four years at Microsoft Corporation, starting in their Finance Rotation Program and then serving as a Finance Manager for the Surface Revenue team responsible for the 1st-party stores business. He spent this summer interning at Accenture Strategy in their New York office working for a pharmaceutical client.

Key Team Members

Elijah

Developer

Veronika

Design

Term Sheet

A Side by Side offering refers to a deal that is raising capital under two offering types. If you plan on investing less than US $20,000.00, you will automatically invest under the Regulation CF offering type. If you invest more than US $20,000.00, you must be an accredited investor and invest under the Regulation D offering type.

Fundraising Description

  • Round type:
    Seed

  • Round size:
    US $1,000,000

  • Raised to date:
    US $129,000
    US $15,500 (under Reg CF only)

  • Minimum investment:
    US $1,000

  • Target Minimum:
    US $400,000
  • Key Terms

  • Security Type:
    Crowd Note

  • Conversion discount:
    20.0%

  • Valuation Cap:
    US $6,000,000

  • Interest rate:
    5.0%

  • Note term:
    24 months
  • Additional Terms

  • Custody of Shares

    Investors who invest $50,000 or less will have their securities held in trust with a Custodian that will serve as a single shareholder of record. These investors will be subject to the Custodian’s Account Agreement, including the electronic delivery of all required information.


  • Closing conditions:
    While Medean has set an overall target minimum of US $400,000 for the round, Medean must raise at least US $25,000 of that amount through the Regulation CF portion of their raise before being able to conduct a close on any investments below $20,000. For further information please refer to Medean's Form C.

  • Transfer restrictions:
    Securities issued through Regulation CF have a one year restriction on transfer from the date of purchase (except to certain qualified parties as specified under Section 4(a)(6) of the Securities Act of 1933), after which they become freely transferable. While securities issued through Regulation D are similarly considered "restricted securities" and investors must hold their securities indefinitely unless they are registered with the SEC and qualified by state authorities, or an exemption from such registration and qualification requirements is available.

  • Use of Proceeds

    Investor Perks

    $2,500-$4,999: Swag bag and 12-months of Medean Plus subscription for free

    $5,000-$9,999: Above and lifetime subscription of Medean Plus for free

    $10,000-$24,999: Above and a 1-on-1 personal finance coaching session with a Medean team member

    $25,000-49,999: Above and quarterly calls with the founders to discuss company updates and the state of the industry

    $50k-$75k: Above plus an invitation to a private dinner with co-founders at one of the best restaurants in Chicago (Airfare and Dinner included)

    $75k+: Above plus become an advisor to Medean (Upon proper vetting by the company)

    It is advised that you consult a tax professional to fully understand any potential tax implications of receiving investor perks before making an investment.

    Prior Rounds

    This chart does not represent guarantees of future valuation growth and/or declines.

    Pre-Seed

  • Round Size
    US $750,000
  • Closed Date
    Feb 1, 2017
  • Security Type
    Convertible Note
  • Market Landscape

    Financial Planning & Advice in the US ($ in million)


    Risks and Disclosures

    The Company has not prepared any audited financial statements. Therefore, investors have no audited financial information regarding the Company’s capitalization or assets or liabilities on which to make investment decisions. If investors feel the information provided is insufficient, then they should not invest in the Company.

    The Company may raise additional capital, which may cause dilution to existing stockholders, restrict the Company’s operations or require it to relinquish rights on unfavorable terms. The Company may seek additional capital through a variety of means, including through public or private equity, debt financings or other sources, including up-front payments and milestone payments from strategic collaborations. To the extent that the Company raises additional capital through the sale of equity or convertible debt or equity securities, an investor’s ownership interest will be diluted, and the terms may include liquidation or other preferences that adversely affect shareholder rights. Such financing may result in dilution to stockholders, imposition of debt covenants, increased fixed payment obligations, or other restrictions that may affect the Company’s business.

    The use of individually identifiable data by the Company's business, their business associates and third parties is regulated at the state, federal, and international levels. Costs associated with information security – such as investment in technology, the costs of compliance with consumer protection laws and costs resulting from consumer fraud – could cause the Company's business and results of operations to suffer materially. Additionally, the success of the Company's online operations depends upon the secure transmission of confidential information over public networks, including the use of cashless payments. The intentional or negligent actions of employees, business associates or third parties may undermine the Company's security measures. As a result, unauthorized parties may obtain access to the Company's data systems and misappropriate confidential data. There can be no assurance that advances in computer capabilities, new discoveries in the field of cryptography or other developments will prevent the compromise of the Company's customer transaction processing capabilities and personal data. If any such compromise of its security or the security of information residing with the Company's business associates or third parties were to occur, it could have a material adverse effect on the Company's reputation, operating results, and financial condition. Any compromise of the Company's data security may materially increase the costs the Company incurs to protect against such breaches and could subject the Company to additional legal risk.

    Failure to obtain new clients or renew client contracts on favorable terms could adversely affect results of operations. The Company may face pricing pressure in obtaining and retaining their clients. Their clients may be able to seek price reductions from them when they renew a contract, when a contract is extended, or when the client’s business has significant volume changes. Their clients may also reduce services if they decide to move services in-house. On some occasions, pricing pressure results in lower revenue from a client than the Company had anticipated based on their previous agreement with that client. This reduction in revenue could result in an adverse effect on their business and results of operations.

    Further, failure to renew client contracts on favorable terms could adversely affect the Company's business. The Company's contracts with clients generally run for several years and include liquidated damage provisions that provide for early termination fees. Terms are generally renegotiated prior to the end of a contract’s term. If they are not successful in achieving a high rate of contract renewals on favorable terms, their business and results of operations could be adversely affected.

    The Total Amount Raised, as reflected on the SeedInvest platform, may be partially comprised of investments from the Company’s management or affiliates. Such investments are not being counted towards the escrow minimum. If the sum of the investment commitments does not equal or exceed the escrow minimum at the offering end date, no securities will be sold in the offering, investment commitments will be cancelled, and committed funds will be returned. As a result, the Total Amount Raised may not be reflective of the Company's ability to conduct a closing.

    The Company is subject to rapid technological change and dependence on new product development. Their industry is characterized by rapid and significant technological developments, frequent new product introductions and enhancements, continually evolving business expectations and swift changes. To compete effectively in such markets, the Company must continually improve and enhance its products and services and develop new technologies and services that incorporate technological advances, satisfy increasing customer expectations and compete effectively on the basis of performance and price. Their success will also depend substantially upon our ability to anticipate, and to adapt our products and services to our collaborative partner’s preferences. There can be no assurance that technological developments will not render some of our products and services obsolete, or that they will be able to respond with improved or new products, services, and technology that satisfy evolving customers’ expectations. Failure to acquire, develop or introduce new products, services, and enhancements in a timely manner could have an adverse effect on their business and results of operations. Also, to the extent one or more of their competitors introduces products and services that better address a customer’s needs, their business would be adversely affected.

    Industry consolidation or entry into the options space by larger incumbents in adjacent financial technology sectors, may result in increased competition, which could result in a loss of customers or a reduction in revenue. Some of the Company's competitors have made or may make acquisitions or may enter into partnerships or other strategic relationships to offer more comprehensive services or achieve greater economies of scale. In addition, new entrants not currently considered to be competitors may enter the Company's market through acquisitions, partnerships or strategic relationships. The Company expects these trends to continue as competitors attempt to strengthen or maintain their market positions. Potential entrants may have competitive advantages over the Company's operations, such as greater name recognition, longer operating histories, more varied services and larger marketing budgets, as well as greater financial, technical and other resources. Competitors that expand or vertically integrate their business may create more compelling service offerings, may offer greater pricing flexibility, or may engage in business practices that make it more difficult to compete effectively, including on the basis of price, sales and marketing programs, technology or service functionality. These pressures could result in a substantial loss of customers or a reduction in revenue.

    The Company forecasts project aggressive growth post-raise. If these assumptions are wrong and the projections regarding market penetration are too aggressive, then the financial forecast may overstate the Company's overall viability. In addition, the forward-looking statements are only predictions. The Company has based these forward-looking statements largely on its current expectations and projections about future events and financial trends that it believes may affect its business, financial condition and results of operations. Forward-looking statements involve known and unknown risks, uncertainties and other important factors that may cause actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements.

    The Company has conducted transactions with related parties. On February 16, 2017, the Company issued a $500,000 convertible note to a related party. The Company issued two convertible notes for cash proceeds of $750,000 in 2017. The notes bear interest at 6% per annum and mature 36 months after the date of issuance. The notes are convertible into Series A Preferred shares. During 2019, the CEO contributed $75,000 to the Company.

    The Company does not hold regular board meetings. Though the Company is a Delaware Corporation and Delaware does not legally require its corporations to hold regular board meetings, regular board meetings help ensure that management’s actions are consistent with corporate strategy, reflective of the culture of the business, and in line with the organization’s risk tolerance. There is no guarantee that the Company will hold regular board meetings going forward.

    The Company is overdue on its 2018 tax filing, which could subject it to penalties, fines, or interest changes, and which could indicate a failure to maintain adequate financial controls and safeguards. In particular, the Internal Revenue Service (IRS) could impose the Company with costly penalties and interest charges if the Company has filed its tax return late, or has not furnished certain information by the due date. In addition, even if the Company has filed an extension, if it underestimated its taxes, the IRS could penalize it. Potential tax consequences could adversely affect the Company’s results of operations or financial condition.

    The reviewing CPA has included a “going concern” note in the reviewed financials. The 2017 and 2018 consolidated financial statements have been prepared assuming the Company will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred losses from inception of approximately $796,000 which, among other factors, raises substantial doubt about the Company's ability to continue as a going concern. The ability of the Company to continue as a going concern is dependent upon management's plans to raise additional capital from the issuance of debt or the sale of stock, its ability to commence profitable sales of its flagship product, and its ability to generate positive operational cash flow. The accompanying financial statements do not include any adjustments that might be required should the Company be unable to continue as a going concern.

    General Risks and Disclosures

    Start-up investing is risky. Investing in startups is very risky, highly speculative, and should not be made by anyone who cannot afford to lose their entire investment. Unlike an investment in a mature business where there is a track record of revenue and income, the success of a startup or early-stage venture often relies on the development of a new product or service that may or may not find a market. Before investing, you should carefully consider the specific risks and disclosures related to both this offering type and the company which can be found in this company profile and the documents in the data room below.

    Your shares are not easily transferable. You should not plan on being able to readily transfer and/or resell your security. Currently there is no market or liquidity for these shares and the company does not have any plans to list these shares on an exchange or other secondary market. At some point the company may choose to do so, but until then you should plan to hold your investment for a significant period of time before a "liquidation event" occurs. A "liquidation event" is when the company either lists their shares on an exchange, is acquired, or goes bankrupt.

    The Company may not pay dividends for the foreseeable future. Unless otherwise specified in the offering documents and subject to state law, you are not entitled to receive any dividends on your interest in the Company. Accordingly, any potential investor who anticipates the need for current dividends or income from an investment should not purchase any of the securities offered on the Site.

    Valuation and capitalization. Unlike listed companies that are valued publicly through market-driven stock prices, the valuation of private companies, especially startups, is difficult to assess and you may risk overpaying for your investment. In addition, there may be additional classes of equity with rights that are superior to the class of equity being sold.

    You may only receive limited disclosure. While the company must disclose certain information, since the company is at an early-stage they may only be able to provide limited information about its business plan and operations because it does not have fully developed operations or a long history. The company may also only obligated to file information periodically regarding its business, including financial statements. A publicly listed company, in contrast, is required to file annual and quarterly reports and promptly disclose certain events — through continuing disclosure that you can use to evaluate the status of your investment.

    Investment in personnel. An early-stage investment is also an investment in the entrepreneur or management of the company. Being able to execute on the business plan is often an important factor in whether the business is viable and successful. You should be aware that a portion of your investment may fund the compensation of the company's employees, including its management. You should carefully review any disclosure regarding the company's use of proceeds.

    Possibility of fraud. In light of the relative ease with which early-stage companies can raise funds, it may be the case that certain opportunities turn out to be money-losing fraudulent schemes. As with other investments, there is no guarantee that investments will be immune from fraud.

    Lack of professional guidance. Many successful companies partially attribute their early success to the guidance of professional early-stage investors (e.g., angel investors and venture capital firms). These investors often negotiate for seats on the company's board of directors and play an important role through their resources, contacts and experience in assisting early-stage companies in executing on their business plans. An early-stage company may not have the benefit of such professional investors.

    Representatives of SI Securities, LLC are affiliated with SI Advisors, LLC ("SI Advisors") Representatives of SI Securities, LLC are affiliated with SI Advisors, LLC ("SI Advisors"). SI Advisors is an exempt investment advisor that acts as the General Partner of SI Selections Fund I, L.P. ("SI Selections Fund"). SI Selections Fund is an early stage venture capital fund owned by third-party investors. From time to time, SI Selections Fund may invest in offerings made available on the SeedInvest platform, including this offering. Investments made by SI Selections Fund may be counted towards the total funds raised necessary to reach the minimum funding target as disclosed in the applicable offering materials.

    Medean's Form C

    The Form C is a document the company must file with the Securities and Exchange Commission, which includes basic information about the company and its offering and is a condition to making a Reg CF offering available to investors. It is important to note that the SEC does not review the Form C, and therefore is not recommending and/or approving any of the securities being offered.

    Download Medean's  Form C

    Frequently Asked Questions

    About Side by Side Offerings
    What is Side by Side?

    A Side by Side offering refers to a deal that is raising capital under two offering types. This Side by Side offering is raising under Regulation CF and Rule 506(c) of Regulation D.


    What is a Form C?

    The Form C is a document the company must file with the Securities and Exchange Commission (“SEC”) which includes basic information about the company and its offering and is a condition to making a Reg CF offering available to investors. It is important to note that the SEC does not review the Form C, and therefore is not recommending and/or approving any of the securities being offered.

    Before making any investment decision, it is highly recommended that prospective investors review the Form C filed with the SEC (included in the company's profile) before making any investment decision.


    What is Rule 506(c) under Regulation D?

    Rule 506(c) under Regulation D is a type of offering with no limits on how much a company may raise. The company may generally solicit their offering, but the company must verify each investor’s status as an accredited investor prior to closing and accepting funds. To learn more about Rule 506(c) under Regulation D and other offering types check out our blog and academy.


    What is Reg CF?

    Title III of the JOBS Act outlines Reg CF, a type of offering allowing private companies to raise up to $1 million from all Americans. Prior capital raising options limited private companies to raising money only from accredited investors, historically the wealthiest ~2% of Americans. Like a Kickstarter campaign, Reg CF allows companies to raise funds online from their early adopters and the crowd. However, instead of providing investors a reward such as a t-shirt or a card, investors receive securities, typically equity, in the startups they back. To learn more about Reg CF and other offering types check out our blog and academy.


    Making an Investment in Medean
    How does investing work?

    When you complete your investment on SeedInvest, your money will be transferred to an escrow account where an independent escrow agent will watch over your investment until it is accepted by Medean. Once Medean accepts your investment, and certain regulatory procedures are completed, your money will be transferred from the escrow account to Medean in exchange for your securities. At that point, you will be a proud owner in Medean.


    What will I need to complete my investment?

    To make an investment, you will need the following information readily available:

    1. Personal information such as your current address and phone number
    2. Employment and employer information
    3. Net worth and income information
    4. Social Security Number or passport
    5. ABA bank routing number and checking account number (typically found on a personal check or bank statement)

    If you are investing under Rule 506(c) of Regulation D, your status as an Accredited Investor will also need to be verified and you will be asked to provide documentation supporting your income, net worth, revenue, or net assets or a letter from a qualified advisor such as a Registered Investment Advisor, Registered Broker Dealer, Lawyer, or CPA.


    How much can I invest?

    An investor is limited in the amount that he or she may invest in a Reg CF offering during any 12-month period:

    • If either the annual income or the net worth of the investor is less than $100,000, the investor is limited to the greater of $2,000 or 5% of the lesser of his or her annual income or net worth.
    • If the annual income and net worth of the investor are both greater than $100,000, the investor is limited to 10% of the lesser of his or her annual income or net worth, to a maximum of $100,000.

    Separately, Medean has set a minimum investment amount of US $1,000.

    Accredited investors investing $20,000 or over do not have investment limits.


    After My Investment
    What is my ongoing relationship with the Issuer?

    You are a partial owner of the company, you do own securities after all! But more importantly, companies which have raised money via Regulation CF must file information with the SEC and post it on their websites on an annual basis. Receiving regular company updates is important to keep shareholders educated and informed about the progress of the company and their investment. This annual report includes information similar to a company’s initial Reg CF filing and key information that a company will want to share with its investors to foster a dynamic and healthy relationship.

    In certain circumstances a company may terminate its ongoing reporting requirement if:

    1. The company becomes a fully-reporting registrant with the SEC
    2. The company has filed at least one annual report, but has no more than 300 shareholders of record
    3. The company has filed at least three annual reports, and has no more than $10 million in assets
    4. The company or another party purchases or repurchases all the securities sold in reliance on Section 4(a)(6)
    5. The company ceases to do business

    However, regardless of whether a company has terminated its ongoing reporting requirement per SEC rules, SeedInvest works with all companies on its platform to ensure that investors are provided quarterly updates. These quarterly reports will include information such as: (i) quarterly net sales, (ii) quarterly change in cash and cash on hand, (iii) material updates on the business, (iv) fundraising updates (any plans for next round, current round status, etc.), and (v) any notable press and news.


    How can I sell my securities in the future?

    Currently there is no market or liquidity for these securities. Right now Medean does not plan to list these securities on a national exchange or another secondary market. At some point Medean may choose to do so, but until then you should plan to hold your investment for a significant period of time before a “liquidation event” occurs. A “liquidation event” is when Medean either lists their securities on an exchange, is acquired, or goes bankrupt.


    How do I keep track of this investment?

    You can return to SeedInvest at any time to view your portfolio of investments and obtain a summary statement. If invested under Regulation CF you may also receive periodic updates from the company about their business, in addition to monthly account statements.


    Other General Questions
    What is this page about?

    This is Medean's fundraising profile page, where you can find information that may be helpful for you to make an investment decision in their company. The information on this page includes the company overview, team bios, and the risks and disclosures related to this investment opportunity. If the company runs a side by side offering that includes an offering under Regulation CF, you may also find a copy of the Medean's Form C. The Form C includes important details about Medean's fundraise that you should review before investing.


    How can I (or the company) cancel my investment under Regulation CF?

    For offerings made under Regulation CF, you may cancel your investment at any time up to 48 hours before a closing occurs or an earlier date set by the company. You will be sent a reminder notification approximately five days before the closing or set date giving you an opportunity to cancel your investment if you had not already done so. Once a closing occurs, and if you have not canceled your investment, you will receive an email notifying you that your securities have been issued. If you have already funded your investment, your funds will be promptly refunded to you upon cancellation. To cancel your investment, you may go to your account's portfolio page by clicking your profile icon in the top right corner.


    What if I change my mind about investing?

    If you invest under any other offering type, you may cancel your investment at any time, for any reason until a closing occurs. You will receive an email when the closing occurs and your securities have been issued. If you have already funded your investment and your funds are in escrow, your funds will be promptly refunded to you upon cancellation. To cancel your investment, please go to your account's portfolio page by clicking your profile icon in the top right corner.