SAFE NFTs to Behere by
Finishing what we started with 11:11 For Change NFTs and ANML rewards with a new mission @Behere
Following up on my previous email, I wanted to give you all some real-time updates. Consistency is something I’m working to get better at. I know many of you likely don’t doubt my abilities to be creative — but it’s the consistency that counts. My goal is to show up for you more often, and with ever-greater impact. You’re always welcome to let me know how I’m doing.
One note I want to quickly touch on is our COMPANY NAME. I originally formed Sol Forms Inc. in Delaware in 2019. Last year, I filed with the same name in Wyoming — WY has the most progressive, forward thinking blockchain, cryptocurrency and DAO legislation, conducive to innovation in these areas.
While I always loved the name ‘Sol Forms’, particularly the notion of ‘Sol’ as the core brand, as our ideas for what the company would focus on changed and evolved (some core goals remaining consistent) — we wanted to make sure we were named for maximum impact. We wanted the name to be simple, understandable, relatable, and recognizable. Also, this great playbook for naming your company by NFX hit me like a ton of bricks. Several weeks back I set an intention in a 10 min naked sunning meditation to come up with a new name. ‘Here’ emerged as a powerful pointer to a location in both space and time. A call to be present. Turns out ‘Here’ was already taken in the state of Wyoming. But it looks like Behere is not, and that is the domain we are already inhabiting. (behere.re) — Behere is more unique and differentiated. I like the two word combo that comes together as one — sort of like ‘wework’, but with our more intentional call for less busyness and more presence. So that is the new company name we are now moving into. Changes filed today.
SAFE + NFT Fundraising
We are looking for the right partners who share our vision for families, entrepreneurs, remote & independent workers, and home educators — rethinking everything together, and communing around a nutritious lunch at future Behere cocreative locations. If you are interested in viewing our presentation deck, you can request simply by responding to this email and asking. We are currently seeking a pre-seed funding round, on the road to a larger seed round for acquiring real estate for Here locations. The deal will not be getting any sweeter from here. Now, you have the opportunity to invest at the lowest valuation cap we are ever likely to have.
On the one hand, we are fundraising through one of the most common routes for a business startup — utilizing YCombinator’s Simple Agreement for Future Equity. You can learn about that document on their website here.
Completing the 11:11 For Change NFT sale to Make Censorship History
It is unknown to me whether anyone has ever used NFTs and the SAFE document together for fundraising — if not, then I’m quite happy to set a new precedent : )
I have an 11:11 For Change NFT collection to Make Censorship History with, in collaboration with Martin Geddes (part of the ANML family). And I’d like to accelerate the process of finding our remaining bold, history-making collectors. So this is what I’m doing — I have just issued the first two SAFE documents to the first two 11:11 For Change NFT buyers, providing them the opportunity to access future equity in Behere Inc. I have the first one signed, and will be sending out the next two today : ) This is a retroactive value-add to their purchase, that I am very happy to give. Incredible gratitude to our first 4 buyers who were willing to take a step of faith to support us in the incredible uncertainty of the innovative capacity of our project, and in NFTs as a thing in general. 🙏🙏🙏. Moving forward, we have a plan to issue SAFE agreements to the buyers of the remaining 7 NFTs (#5 — #11), which remain on the same price-doubling mechanic, priced in Algo. The value of the investment will be measured in USD at the daily closing price of Algo on the day the transaction has occurred. I will honor the traditional negotiation process as to the valuation cap with each investor — but we do intend to RAISE the valuation cap incrementally with each subsequent investment — and I have a formula for that. As the story gets bigger, and our company more funded — we are worth more. (*Art not financial advise)
As an example — for the #5 11:11 NFT, priced at 5600 Algo (about $1700 right now), our valuation cap minimum at this time is about $3.4 Million. At Current Algo prices ($0.32 at current moment), we will raise approx $230k after selling out all 11 NFTs in this collection — about half of our pre-seed raise, on the road to a larger Seed round. 11:11 NFT supporters are slated to own, in aggregate, about 2—5% of the company (Final, exact amounts distributed at time of equity financed round in our chosen investor dashboard — most likely Securitize). This excites me, because I am looking for investors who have shared values — and Making Censorship History is an essential one. It is time to inspire an era of bold speech that is unconstrained by oppressive censorship, or even self-sensorship from entrenched fear of being gaslit and ostracized. Fortune favors the bold.
For those that are not savvy with NFTs on Algo, but are interested in investing — NO WORRIES! We gladly accept USD investments directly to our company bank account.
In addition to shopping around our Behere pitch for investment, I will also be looking to join a few A.team missions to support my family. I’m excited to be a part of A.team, a company that recently raised $60M to create the builder economy with some VERY influential backers.
Looking into the future
We have begun to conceive of the first Behere-themed NFTs, who’s membership benefits will vary on a case-by-case basis. I have secured the Here.Algo and Behere.algo wallet address’ via NF.Domains, the premier name service for Algorand (currently connected to our 11:11 For Change NFT Wallet — check out here.algo.xyz !). As we grow our Behere community through physical locations across the US and abroad after being funded — we will be looking to onboard our members into the future of work and the future of education, which we believe will have a basis on the blockchain. We intend to guide our members into creating valuable personal data sets as a means for an additional income stream. Currently, our plans involve building membership solutions on the Algorand blockchain. Members who hold our NFTs will be featured members within the community, with collected NFTs appearing in their profile. All of this is subject to change, as we continue to make the best decisions possible with the information we have at the time.
As always, remember this is art, not financial advise. I do my best to create the most value I possibly can in this broken world — and I am always looking to be in greater and greater alignment with success in making a dent in the universe.⚡️
11:11 For Change NFTs #05 and #06 are now available for purchase via Algo over at Algogems! Check it out NOW! If you decide to invest in one of these ultra-rare NFTs, be sure to email me to discuss your SAFE document! ⚡️🤙