Reputations are one of the most powerful influencers in human interactions. As Warren Buffett once said, “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.”
Before meeting someone, how often have you “googled” them? You check to see if they have a LinkedIn profile or maybe a blog. Imagine being able to go to a website, put that person’s name in a search box and get valuable reputation information about them. Reper provides an open platform where anyone that knows the person can “review” them and even answer a personality poll. This information and other information collected via the web combines to give a powerfully valuable assessment about a person’s reputation.
Whether we are going on a date, hiring someone, taking someone’s advice or conducting a transaction, we may take into account a person’s reputation to help us make a decision. Until now, the average person has been unable to easily tap the vast pool of information that exists on virtually everyone to establish a reputation.
HOW IS REPER DIFFERENT?
In addition to routine background checks, searching government and public databases to meet certain regulatory requirements related to employment and securities offerings, Reper reports provide qualitative data, such as :
- Is this person trustworthy?
- Is this person honest?
- Are they a problem solver?
Reper identifies and obtains reference information from the people who know you best. Our software aggregates reputational info on how people view you and examines publicly available information from Facebook, LinkedIn and other social networks.
According to marketreportsworld.com, the global background check market is expected to grow from $2.6 billion in 2020 to $3.7 billion in 2027. Reper is well positioned to add premium services to HR professionals, college admission teams and anyone else needing a one-stop shop for information about candidates.
Reper's business model is fee-based:
- Per-report fee
- Annual subscription
Success to date
- Built and launched MVP
- Signed initial client
Use of Proceeds
If the offering's maximum amount of $106,999 is raised:
|Use||Value||% of Proceeds|
|Engineering & Development||$67,560||63.1%|
|Selling, General, & Administrative Expense||$17,098||16.0%|
This is an offering of Membership Units, under registration exemption 4(a)(6), in Reper LLC. This offering must raise at least $10,000 by January 18, 2023 at 9:59pm ET. If this offering doesn’t reach its target, then your money will be refunded. Reper may issue additional securities to raise up to $106,999, the offering’s maximum.
If the offering is successful at raising the maximum amount, then the company’s implied valuation after the offering (sometimes called its post-money valuation) will be:
The Offering Statement is a formal description of the company and this transaction. It’s filed with the SEC to comply with the requirements of exemption 4(a)(6) of the Securities Act of 1933.
We’re also required to share links to each of the SEC filings related to this offering with investors.
Understand the Risks
Be sure to understand the risks of this type of investment. No regulatory body (not the SEC, not any state regulator) has passed upon the merits of or given its approval to the securities, the terms of the offering, or the accuracy or completeness of any offering materials or information posted herein. That’s typical for Regulation CF offerings like this one.
Neither Netcapital nor any of its directors, officers, employees, representatives, affiliates, or agents shall have any liability whatsoever arising from any error or incompleteness of fact or opinion in, or lack of care in the preparation or publication of, the materials and communication herein or the terms or valuation of any securities offering.
The information contained herein includes forward-looking statements. These statements relate to future events or to future financial performance, and involve known and unknown risks, uncertainties, and other factors, that may cause actual results to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties, and other factors, which are, in some cases, beyond the company’s control and which could, and likely will, materially affect actual results, levels of activity, performance, or achievements. Any forward-looking statement reflects the current views with respect to future events and is subject to these and other risks, uncertainties, and assumptions relating to operations, results of operations, growth strategy, and liquidity. No obligation exists to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
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