Quants Compete | Application Preview
Quants Compete is seeking government grant funding to support development costs, legal fees, and outreach initiatives targeting low-income communities. Within the next year, the company aims to launch a formal marketing campaign with the objective of acquiring 100,000 clients. Achieving this milestone is expected to attract interest from venture capitalists for a Series A funding round to facilitate further growth.
The applicant is confident in their ability to execute this plan, pointing to past achievements, including recognition as an Eagle Scout, state wrestling champion, and experience as a NASA grant writer. They express a strong commitment to success in the business realm.
In terms of competition, Quants Compete faces established robo-advisors like Acorns, Betterment, and Wealthfront, which impose high fees that hinder financial progress for low-income users. To stand out, Quants Compete offers a unique advantage: a 24-month free service for users with accounts under $5,000, alongside a broader range of investment strategies compared to its competitors.
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General Information
Business Registration Number: 85-0548067
Location: Rocklin, CA, United States
Length of Operation: 1-5
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: $100k to $250k
Open to Loans: NO
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Funding Usage
We would use these funds to pay for development expenses, legal fees, marketing and outreach to low-income communities.
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Business Plan
We plan to have our company ready for a formal marketing campaign within 12 months. Our initial goal is to bring on our first 100,000 clients. We believe this will represent sufficient traction to close a Series A round with a VC firm, for further growth. I know that this is what I’m supposed to do. Know that when I set out to do something, I get it done (Eagle Scout, state wrestling champ, NASA grant writer and awardee, Ph.D. in physics). Let me show you what I can do in business. It’s going to be great!
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Self Identified Competition
Acorns, Betterment, and Wealthfront. All robo advisors that only offer portfolio rebalancing of fee-laden ETF’s. Total fees from these competitors are overly burdensome to low-income individuals, such that they can never make progress toward their financial goals. We offer 24-month free service for individuals with accounts under $5,000. We offer a greater diversity of investment strategies than other robo-advisors.
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Contact Applicant
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