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PVLSE

PVLSE

Connect through your interests and earn. The hybrid community platform for social activities, sport, food, and wellbeing.

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Deal Type

SAFE Note

Funding Goal

$2,500,000

Current Reservations

$0

Minimum Reservation

$1,000

Deal Stage

Seed

Valuation Cap

$25,000,000

Conversion Discount (%)

10%

Open Date

03/03/2019

Maximum Reservation

$1,500,000

Closing Date

05/27/2019

Elevator Pitch

PVLSE: The hybrid community platform that connects people through their interests, incentivises participation in real life activities, and allows everyone to earn through our gig-economy marketplace.

Company Overview

PVLSE has as a mission to harmonize technology with humanity, by:

  • Truly connecting people
  • Empowering them to achieve their goals
  • Finding meaningful work
  • And having a fulfilling life

In order to achieve this, we created a hybrid community platform that connects people through their interests and incentivises participation in offline activities, and allows everyone to earn through our marketplace for service providers and businesses. Our initial focus is on food, sport, and wellbeing experiences.

To effectively gain users we adopt a B2B2C model, targeting large organizations and businesses, such as international sport federations and clubs, where we link players and members directly to the federations through a universal sports licensing ecosystem, thus disrupting the present money / contract / license value chain. Furthermore, we intend to bring organisations closer to their fans through an experience-based loyalty program.

The platform works by giving people an overview of the activities in their city targeted to their interests. They can either join an existing activity, or create their own and get people to join them. Everyone can create and join an activity for free, or they can create a paid pvlse and start earning.

Our goal is to allow everyone to test their ideas and themselves, and be fairly rewarded for their skills and value. Anyone can earn, whether a certified professional making a living, or simply making some extra income. All you need is yourself and your skills!

At PVLSE we intend to integrate with blockchain to enhance our platform and user experience.

The purpose of blockchain is to:

  • Create the next generation loyalty program by rewarding participation, allowing further spending within the platform and on partner brands.
  • Create a data sovereign marketplace, where users can trade their data and earn for it.

We are a combination of the existing marketplace and social networking platforms, with the benefit and wellbeing of our users in mind, through smart and ethical design.

Traction

  • BETA launch for iOS and Android

    February, 2019
  • Showcased at the Emerging Technologies event during the World Economic Forum in Davos, Switzerland 2019

    January, 2019
  • Presented at Droidcon UK 2018 - the biggest Android developer conference in Europe

    October, 2018
  • RISE Conference HK - The largest and most exciting tech conference in Asia: PVLSE was selected to showcase its alpha app.

    July, 2018

Pitch Deck

Press Mentions

Previous Funding

  • $100,000 Other
  • Raise Source: Investors
  • November 2018
  • $150,000 Other
  • Raise Source: Investors
  • May 2018
  • $170,000 Other
  • Raise Source: Investors
  • February 2018

Frequently Asked Questions

What is PVLSE?

We are a social discovery ecosystem that connects like-minded people and fosters offline encounters and experiences. It also allows anyone to start earning by sharing their knowledge and skills with the community.

Why download the app?

To “feel the pulse of the city” and get a real-time overview of people’s interests and activities around you. To connect with supportive peers and engage in purposeful experiences. To start earning from the activities you create and share.

Is the app free?

The app is free to download, and anyone can join and create free activities. However, some pvlses have entry costs, and the price would be defined by the creator.

What is a pvlse?

A pvlse is an activity or event that you can join or create.

What type of pvlses are available?

For now we are focusing on activities related to sports, food, and wellbeing. Our plan is to build a community where there is something for everyone, so stay tuned for the latest additions.

Can I join any pvlse?

Yes, as long as you meet the criteria set by the creator. Example: Some pvlses may require you to master a sport or discipline to a certain skill level to make the most of your experience. Similarly, some pvlses may be intended to participants of a specific gender.

Who can create pvlses?

Any user can create a pvlse for others to take part in. If there is something you want to do, create your own pvlse and see who wants to join. Note: If you want to create paid pvlses you will have to add a payment method first.

How can I earn?

If you have a skill, knowledge or expertise you’d like to share that the community could benefit from, then you can create a paid pvlse. Set a price and see if anyone is interested. If they are then you are good to go, if not, then you may want to adjust your price or offering. If you are a business owner, you can offer activities to a wider audience and target locals or visitors who are interested in your sport or activity. Users will sign up, and pay to participate through our platform. With our subscription offer, you can create unlimited pvlses, and we take only 1% commission.

Can I search areas I plan to visit? (i.e. overseas)

You can search for local pvlses or search in advance for activities in a location that you wish to visit.

When will PVLSE achieve profitability?

We have a strong business model and have built in numerous revenue streams. We are projected to start generating revenue by Q2 2019, and will be profitable in Q4 2020.

What motivates the team behind PVLSE?

We are committed to facilitating more real life engagement and offline experiences. We believe that connecting over common ground leads to meaningful encounters that can last a lifetime. We want to be surrounded by motivating, inspiring and supportive peers, and be encouraged to be the best versions of ourselves. And so we have created PVLSE to help others do the same. We also believe that everyone has incredible talents and skills to share, and we want to give people the opportunity to follow their passions and be fairly rewarded for the value they bring.

Risks & Disclosures

Strengths:

  • Solving a major social & ethical issue of disconnection and isolation through the overuse of technology.
  • Providing monetisation solutions for a variety of user types, from individual users to large scale organisations.
  • International team, forward thinking and adaptive development.
  • Strategic vision for company growth and sustainable practices.
  • First social network that acts as a gig-employment providing platform.

Weaknesses:

  • “Chicken and the Egg Problem”- double-sided marketplace relies on both USERS and PROVIDERS to make app functional.
  • Location-based, can’t start with users around the world. Have to start with specific cities

Opportunities:

  • Wellness, Nutrition, Fitness all growing trends worldwide.
  • Can become a standard if adopted by the community.
  • Creating a loyalty program by synergising industry verticals and creating experiences run on the PVLSE network.
  • Leveraging the Blockchain technology to reward participation in activities with tokens, that can be used within the loyalty programs.
  • Integrating AI, Virtual Reality and Augmented Reality to add another experiential dimension.

Threats:

  • Highly competitive space that will require a highly effective market approach to become a winner.
  • Challenge of adopting service providers and incentivising usage in the first stages.
  • Existing platforms that adopt a smarter market approach.
  • Executing a location-based, double-sided marketplace can be highly costly if not done right.


Disclosures:

As an activity-based network we require creators, professionals and businesses to populate our platform in order for it to take off organically.
Competitors such as MindBody and ClassPass have consistently struggled to find businesses to partner with long term before they implement their own systems.
As our network grows we depend on creating a strong and fruitful relationships with creators and organisations and continue to adapt to their needs.
PVLSE will only partner with organisations that align with the company values and will develop features according to a design philosophy of humane technology and responsible design.

The Investor is advised that this SAFE instrument and the underlying securities have not been registered under the Securities Act, or any state securities laws and, therefore, cannot be resold unless they are registered under the Securities Act and applicable state securities laws or unless an exemption from such registration requirements is available. The Investor is purchasing this instrument and the securities to be acquired by the Investor hereunder for its own account for investment, not as a nominee or agent, and not with a view to, or for resale in connection with, the distribution thereof, and the Investor has no present intention of selling, granting any participation in, or otherwise distributing the same. The Investor has such knowledge and experience in financial and business matters that the Investor is capable of evaluating the merits and risks of such investment, is able to incur a complete loss of such investment without impairing the Investor’s financial condition and is able to bear the economic risk of such investment for an indefinite period of time.

Documents

Confidential

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