LET ME TOUCH™(startup) has put together two existing capabilities: biometric recognition and electronic financial transactions  to create a groundbreaking new retail payment service. We have developed a highly scalable, secure and easy-to-integrate platform to support its rapidly growing operations.

WORLD PROOF PROJECTS:

 Cases.
Brazil - eToque (show me)



LET ME TOUCH™ - Investor

Hi, I'm Juliano Gimenez, founder and Software Engineer at LET ME TOUCH™.
First of all, I want to thank those who have offering their time to read and learn more about our project. I really will appreciate and am looking forward to hear criticism and tips. But what I looking for?

I'm looking for Angels Investors to share Ideas, Experience, Domains and our Business. I'm ready to prove that our company is a big deal, even in today’s economy and with today’s crisis! Mainly in today's economy and with today's crisis. I'm ready to talk about our industry, about our business and about why we can to become the right team to build it!

I know that Investors take on an extraordinary amount of risk when investing in "seed stage" startup companies, as the failure rate for these companies is extraordinarily high. And so the term "angel" is a fitting description for these investors, because only an angel would come to the aid of these otherwise unfundable companies. I know ... getting an investor isn’t a short term relationship and it’s certainly not a loan that you can just walk in, take them through your numbers, sign on the dotted line and just walk out.

In the course of my years of corporate life, the most common mistake I have seen entrepreneurs make in any dealmaking context is the failure to investigate Angels Investors. Entrepreneurs (sometimes like me) tend to forget that they will, in effect, be married to these partners for a number of years.

And because we don't like to fall in errors (and no one likes) I propose a way to change experiences to target a deal between our company project and the Angel investor.

VALUATION

Myth 1.: A valuation is an objective search for “true” value
   • Truth 1.1: All valuations are biased. The only questions are how much and in which direction.
   • Truth 1.2: The direction and magnitude of the bias in your valuation is directly proportional to who pays you and how much you are paid.
Myth 2.: A good valuation provides a precise estimate of value
   • Truth 2.1: There are no precise valuations
   • Truth 2.2: The payoff to valuation is greatest when valuation is least precise.
Myth 3.: The more quantitative a model, the better the valuation
   • Truth 3.1: One’s understanding of a valuation model is inversely proportional to the number of inputs required for the model.
   • Truth 3.2: Simpler valuation models do much better than complex ones.

DUE DILIGENCE - We are commited to perform a double way DUE DILIGENCE.

We know, every investor approaches due diligence differently. Some angel investors may request information in a detailed manner all at once, while others may simply request information at different times or stages. Regardless of an investor’s method to obtain information on a potential company, it is a proven fact that exercising thorough due diligence is indicative of more profitable returns.

We want to appoint typically 5 key areas: People, Product, Sales, Financials, Legal.

TERM SHEET

Most of the funding for early stage ventures does not emanate from broker-dealer led private placements. Instead, it comes from private individuals commonly referred to as “angels”. Whether these angels are “friends and family” or a wealthy stranger, it is important that the investment be structured in a manner that meets the legitimate needs of the investor and the company and does not adversely affect a subsequent investment by a venture capital firm or corporate strategic investor. It is also important for company management to consider that any pro-investor rights or terms, once granted to the angel investors, will become the baseline upon which subsequent investors will seek to add.

Some directions:

Offer of Investment — Common shares at a defined price per Share. Investment will be made pursuant to an Investment Agreement made between the Investors, the Company and certain of its principals. The capital structure on closing will be as described in the Share Register.

Board of Directors — We believe that our early stage project need strong mentoring and governance provided by a high quality, engaged Board. On the completion of the investment, the Board will be comprised as follows: a total of five members, being the CEO, one nominee of the Fund and three nominees independent of management that the Company and the Fund agree on; and each director must have made a meaningful investment in the Company.

Reporting to Shareholders — The company will send a CEO Update monthly to all shareholders. Financial statements are also available upon request.

Investor Rights —  Investors have the right of first refusal to participate in future financings. Any changes to the capital structure, new shares, options or debt requires the approval of the majority of the investors in this round.

POST INVESTMENT RELATIONSHIP

We're interested in working with some  partner with experience in opening new markets and creating marketing strategies. Our business  is at a crossroads because we’ve identified a great niche market for a new payment method then  we have created and tested our platform, but we need some help in figuring out our marketing strategy.

By initiative we have two related questions to a possible Angels Investors:

- What is their motivation to invest?
- Will he add significant value through his contacts, technical expertise or in other ways?

We would really appreciate the opportunity to tell more about our project. Once again, thank you in advance for your help – I’m really excited to start a serious relationship.

Juliano Gimenez
LET ME TOUCH™ Smart Solutions
team@letmetouch.com