|1||📈 Eruditely is fully developed, live, and attracting new members every day!|
|2||🏆 Groundbreaking combination of publishing, social media, and a creative content marketplace.|
|3||💰 Meets the demand of intellectual and creative property owners who need to earn money from their works.|
|4||🔃 A unique digital marketplace and direct sales model for articles, photos, videos, audio, and more!|
|5||☁ Built on a robust and scalable infrastructure at Amazon Web Services (AWS).|
|6||🏁 An executive team that’s completely devoted to both its core mission and financial success!|
|7||🙏 A development team that built the platform over a three-year period with absolutely no outside funding.|
|8||💗 A social media platform with a real purpose and the ability to help people in every walk of life!|
Benjamin Franklin succinctly sums up why I decided to invest in Eruditely: "An investment in knowledge always pays the best interest."
We live in a time where even though we are bombarded by constant content, most of that content is either junk, fake or has no lasting value to us as the consumer. Yet, we have millions of smart, talented creators e.g. artists, writers, musicians, photographers, anyone with the knowledge and passion for sharing without a platform to share with the rest of us. Better yet, how about a platform that gets money into the pockets of these passionate creators to fund their growth and amplify their creations? Wouldn't it be nice to have real meaningful content in one place that you can consume, interact with, comment on and engage with the broader community? To my surprise, this one stop socially empowered oasis for creators and knowledge hungry consumers like myself did not exist. Eruditely is going to change that.
Michael, co-founder and CEO knows first hand how hard it is to create and share that creation. He is a very talented pianist and has composed many amazing works; yet I doubt you had heard his pieces? We need to change that!
He is uniquely qualified to lead this opportunity forward, because he knows what its like, he is hungry, and he is the most driven individual I have ever met. No roadblock will be too big for him.
Please join me in helping propel Eruditely to empower our current and future creators to share their passion with the rest of us, helping replace the junk in the world with real meaningful content that enriches us, teaches us about the world around us, and helps us engage others who are just as passionate as we are on the topics we care about.
- Benjamin Franklin
Eruditely is the world's first publishing and social media platform that makes it possible to share your creative and intellectual property while simultaneously earning a living. It has been designed from the ground up to help anyone to publish anything, and then put that into the hands of the person most interested!
As you explore Eruditely it intelligently presents you with new topics, people, and media in an infinite tree of knowledge. This far exceeds the capabilities of any existing publishing or social media platform in existence.
Eruditely is a platform with a purpose; it teaches, it inspires, and it helps to support the content creators of the world!
For the full experience please visit eruditely.com and register an account!
We started this project because we were looking for a more hopeful and constructive form of social media. With all the narcissism that seems to permeate many existing platforms, we wanted to build something better. A place where anyone could share their knowledge, passions, and creative works. A place where people could go to better themselves, learn from, and support each other.
What started as an idealistic vision has now been turned into a reality, through the dedication and determination of our team.
We've brought it this far, and now we need YOUR SUPPORT and YOUR INVESTMENT to bring it to the NEXT LEVEL!
So, if you've made it this far and feel the passion of these words, then please follow your instincts!
You are welcome here at Eruditely!
Founder and CEO
💡 Eruditely 💡 has financial statements ending June 24 2020. Our cash in hand is $9,555, as of June 2020. Over the three months prior, revenues averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $1,172/month.
Management’s Discussion and Analysis of Financial Condition and Results of Operations
You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and the related notes and other financial information included elsewhere in this offering. Some of the information contained in this discussion and analysis, including information regarding the strategy and plans for our business, includes forward-looking statements that involve risks and uncertainties. You should review the "Risk Factors" section for a discussion of important factors that could cause actual results to differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.
Eruditely is a groundbreaking platform that combines publishing, social media, and an intellectual property marketplace. It’s designed to allow anyone to easily share knowledge and creative content on any subject and connect with like-minded people. As you browse Eruditely it presents you with relevant topics and members, providing new opportunities for learning and connections. The marketplace (currently in development) enables anyone to earn money from their intellectual and creative property.
The vision for Eruditely has always been to go huge! We engineered the platform to accommodate millions of people. Five years from now we anticipate people from all over the world and every walk of life using Eruditely to better themselves and others. Writers, artists, musicians, teachers, professionals, and every day people will be contributing their content, and earning money through our marketplace program. (please be advised that this statement is a projection with no implied guarantees)
Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.
Eruditely, Inc. was incorporated in the State of Washington in September 2016.
Since then, we have:
Historical Results of Operations
Our company was organized in September 2016 and has limited operations upon which prospective investors may base an evaluation of its performance.
Liquidity & Capital Resources
To-date, the company has been financed with $40,000 in equity.
After the conclusion of this Offering, should we hit our minimum funding target, our projected runway is 12 months before we need to raise further capital.
We plan to use the proceeds as set forth in this Form C under "Use of Funds". We don’t have any other sources of capital in the immediate future.
We will likely require additional financing in excess of the proceeds from the Offering in order to perform operations over the lifetime of the Company. We plan to raise capital in 12 months. Except as otherwise described in this Form C, we do not have additional sources of capital other than the proceeds from the offering. Because of the complexities and uncertainties in establishing a new business strategy, it is not possible to adequately project whether the proceeds of this offering will be sufficient to enable us to implement our strategy. This complexity and uncertainty will be increased if less than the maximum amount of securities offered in this offering is sold. The Company intends to raise additional capital in the future from investors. Although capital may be available for early-stage companies, there is no guarantee that the Company will receive any investments from investors.
Runway & Short/Mid Term Expenses
Eruditely, Inc. cash in hand is $9,555, as of June 2020. Over the last three months, revenues have averaged $0/month, cost of goods sold has averaged $0/month, and operational expenses have averaged $1,172/month, for an average burn rate of $1,172 per month. Our intent is to be profitable in 18 months.
There haven't been any material changes since the date of our financial statements.
We are not expecting to make any revenues until the Eruditely Marketplace program goes live, which will be no earlier than 4 months from now. We predict needing a total of $16,400 in capital in order to get to a revenue-generating point in the business.
After the Marketplace goes live, we then have to advertise the program which will take some time. Therefore we do not expect to earn any significant revenues during the next 6 months. Our expenses should stay fairly consistent during this time period and we do not expect any material increases. Six months after generating revenues, we hope to be $12,000/month in gross revenues and $4,400/month in expenses.
We have recently taken on a new partner with a small equity stake in the company. That partner can provide us with additional capital within the parameters of our agreement. Additionally this partner will be helping to connect us with more influential investors over the coming year.
Eruditely has a well-conceived business plan to meet the needs of publishers and content creators, however its success greatly depends upon the Company’s abilities to effectively market the platform and on the response of the market. It is possible that despite the Company’s best efforts, that the marketing will not attract enough publishers to populate the Eruditely Marketplace. In such an instance Eruditely may not gain enough traction to create an effective buying and selling environment as is envisioned by its business plan. To help ameliorate this risk Eruditely is planning a highly targeted and multi-faceted marketing plan that includes a variety of marketing methodologies as well as A/B testing.
The Company may never receive a future equity financing or elect to convert the Securities upon such future financing. In addition, the Company may never undergo a liquidity event such as a sale of the Company or an IPO. If neither the conversion of the Securities nor a liquidity event occurs, the Purchasers could be left holding the Securities in perpetuity. The Securities have numerous transfer restrictions and will likely be highly illiquid, with no secondary market on which to sell them. The Securities are not equity interests, have no ownership rights, have no rights to the Company’s assets or profits and have no voting rights or ability to direct the Company or its actions.
Eruditely relies upon a robust and highly scale-able infrastructure based at Amazon Web Services (AWS). While the Eruditely infrastructure stack is well engineered and highly dependable, it is possible for that infrastructure to fail for unforeseen reasons, causing a temporary disruption of services and/or loss of user data. Such a disruption of services may adversely impact the reputation of Eruditely and/or result in the loss of user accounts. It is also possible for the infrastructure to fail if Eruditely grows too fast for its underlying systems to keep up with demand. To help ameliorate this risk Eruditely is continuously monitoring and adapting its infrastructure to meet the current demand, as well as planning ahead to meet the anticipated demands of a fast growth curve.
The Eruditely platform and Eruditely Marketplace are very original concepts, and to date there are no other companies offering the same scope of services currently provided and/or planned by Eruditely. With that said it is possible for a well-established company with large amounts of capital to clone the services provided by Eruditely. In such an eventuality the Company may find it difficult to attract large numbers of users or gain the traction necessary for the Eruditely Marketplace to succeed. To help ameliorate this risk Eruditely owns the intellectual property (code) that powers many of the unique features and functions of the platform. Additionally, Eruditely is planning a fast expansion of its user-base to ensure it can maintain a competitive advantage.
Eruditely currently relies upon an in-house team of software developers but may at some point in the future rely upon third parties to help develop and grow the platform. It is possible that Eruditely may have difficulty in retaining third parties with the requisite experience. Additionally, the third parties that are retained by Eruditely may not adequately perform their services under an agreement with the Company.
In the event that Eruditely completely runs out of cash, and/or is unable to successfully monetize the platform, and/or is unable to raise additional capital, then the Company may be forced to suspend its business operations and/or liquidate the business.
The Company may at any time decide to change its business model, financial strategy, and/or method of monetization. In the event of any such change the financial projections, representations, and assumptions of the Company may be drastically impacted, made inaccurate, or obsolete.
Eruditely has presented this offering in good faith and with the most accurate information to date, however it does not make any guarantees either express or implied regarding the accuracy or validity of forward-looking statements and/or projections. No statement(s) made by Eruditely are intended to be nor may be construed as a profit forecast. All prospective investors are cautioned not to invest solely based on these forward-looking statements and/or projections.
An investment in Eruditely is speculative and may involve substantial investment and other risks. Such risks may include, without limitation, risk of adverse or unanticipated market developments, risk of market competition, risk with respect to the execution of Eruditely’s business objectives, and risk of illiquidity. The performance results of an investment in Eruditely stock can be volatile. No representation is made that Eruditely will achieve certain performance goals or that any investment in Eruditely will make any profit or will not sustain losses. Past performance is no indication of future results. There may be no secondary market for Eruditely stock, and it may be subject to substantial transfer restrictions.
As part of this offering and in an effort to attract investors, Eruditely is providing certain benefits (perks/rewards) free of charge. These benefits may include for example free credit packs to be used in the Eruditely Marketplace. It is possible however that Eruditely may make changes to its platform, features, and/or business plans that result in the benefits no longer being available or existing, in which case any benefits that have been or are being provided would no longer be benefits.
Our future success depends on the efforts of a small management team. The loss of services of the members of the management team may have an adverse effect on the company. There can be no assurance that we will be successful in attracting and retaining other personnel we require to successfully grow our business.
Temporary Rule 201(z)(2) provides temporary relief from certain financial information requirements by allowing issuers to omit the financial statements required by Rule 201(t) in the initial Form C filed with the Commission. This offering has commenced in reliance of Temporary Rule 201(z)(2) and, as a result, the following must be disclosed: (i) the financial information that has been omitted is not otherwise available and will be provided by an amendment to the offering materials; (ii) the investor should review the complete set of offering materials, including previously omitted financial information, prior to making an investment decision; and (iii) no investment commitments will be accepted until after such financial information has been provided.
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