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Focusmate isn't accepting new investments

Focusmate’s deadline was January 19, 2019

Follow the company to stay updated on their progress, including future investment opportunities


Explore new investment opportunities:
View companies raising now
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Focusmate

Where work gets done
B2C SaaS Software
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$122,366
Raised
335
Investors
Successfully funded and closed on January 19, 2019.
Invest in Focusmate
Pitch Updates 14 Reviews 89
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Closed on January 19, 2019. Information may not be up-to-date. Campaign closed on January 19, 2019. Information displayed may not be up-to-date.

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Focusmate Inc. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Focusmate Crowd SAFE
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Hear from some of the 335 investors in Focusmate


Show more

We believe that most global problems would get solved if each of us could do our best work. Our mission is to make that happen. But we can't do it without you.


Focusmate snapshot:

  • The workforce is more isolated and distracted than ever before in history—and the problem is getting worse
  • Focusmate is building the digital workplace of the future—the digital environment where people will go to get things done 
  • Focusmate's virtual coworking product optimizes remote work productivity via peer accountability

Deal highlights:

  • Through our pilot, 96% of users surveyed say Focusmate improves their productivity by at least half
  • 51% of tested users have converted to paying customers and active users book 11 fifty-minute appointments every week 
  • Daily active users growing 20% month over month
  • Originated from Taylor Jacobson’s executive coaching background, with clients like Yale, Wharton and Cornell 
  • $350K in backing from top investors including CoVenture, Betaworks, Towerview Ventures, and Nir Eyal, “the prophet of habit-forming technology” according to MIT Technology Review

As Featured In


Problem

It's never been harder to focus than it is today

Workers are more isolated and distracted
than ever before in history





Every day, more and more of us are faced with the challenging reality of working in isolation—remote workers, freelancers, entrepreneurs, students, side hustlers. 

Meanwhile distractions are at an all-time high, with procrastination and adult ADHD now at record rates, and still rising.

And yet, with technology automating more of what we do, the ability to do focused, creative work has never been more valuable. 


Seeking productivity, U.S. consumers spend $46B annually


A slew of solutions have proven ineffective at addressing procrastination—from task managers and site blockers, which skirt the problem, to pills and coaching, which are both expensive and inadequate.

Meanwhile, isolated workers attempt to stimulate social accountability by resorting to coffee shops, coworking spaces, and online chat-rooms, which often prove counterproductive.




Solution

Focusmate works when nothing else will

Focusmate provides accountability exactly when and how we need it to get things done—“in person” from another human

Our starting point is a virtual coworking product that induces what psychologists call flow: long stretches of intense focus.  

Two users, anywhere in the world, act as accountability partners, sitting side-by-side while doing their work, during a 50-minute video interaction. 

These sessions use an evidence-based format designed to optimize productivity.


How It Works

  1. Decide when to work. Users select the times when they want to be productive.
  2. Launch the video session. Users begin each 50-minute session by greeting their partner and declaring their goal, before getting down to work.
  3. Get work done. Users work quietly in tandem and experience the power of human accountability.


Focusmate drives productivity using the same brain reward mechanisms as social media and games, which consume 44% of all app usage. 




Science

Powered by
tribal psychology

Our model has been applied successfully in other domains, e.g. Peloton for fitness, but not yet for productivity

Workplace research has proven that the most effective behavioral triggers are human ones, rooted in millennia of tribal evolution.

Because human development occurred in tribal societies where survival was dependent on those around us, humans are hardwired to respond to social triggers in ways that are almost impossible to resist.

Focusmate Behavioral Triggers

Case study: Peloton

This human model has been applied successfully in the fitness industry by Peloton, a Series F startup with a $4Bn valuation. Peloton offers group fitness classes that participants join remotely, to boost their motivation and accountability. 

Focusmate is applying this powerful and proven model to productivity.



Pilot Results

The numbers tell the story

The pilot results strongly validate our approach

  • 5,000+ pilot opt-ins via guerrilla marketing (~1/4) and word of mouth (~3/4)
  • Active users schedule 10.8 sessions per week
  • Over 12,000 appointments scheduled in August
  • Early monetization tests have converted 51% to paying customers


Growth in key metrics:

Daily Active Users Growing 20% Per Month




Monthly Active Users Growing 17% Per Month




Monthly Bookings Growing 17% Per Month



Opportunity

We're shooting for the moon

Planned features enable access to 4 large markets


Our pilot focused on the $1T freelancer economy, forecast to include 50% of the U.S. workforce by 2020. But that's just the beginning.

Target markets:


Freelancers. Forecast to include 50% of the U.S. workforce by 2020, freelance workers suffer from a lack of accountability and heightened at-home distractions, driving procrastination and income insecurity.

Remote workers. With 3 in 4 computer workers already working remotely at least 1 day per week, enterprise companies will use Focusmate's planned private channels to keep employees connected and productive while working from home.

We're preparing for an enterprise pilot with a global consulting firm in early 2019.

Online education. Online universities, MOOC providers and independent educators face a dire course completion rate of just 5-7%. These institutions will turn to Focusmate to help adult learners succeed through private study groups and office hours.

We're in talks with a leading publisher and a top expert on "learning to learn" to do education pilots in 2019.

Corporate training. As companies look for ways to engage employees and stay competitive, spending on corporate training is rising fast. Focusmate will help transform isolating online training into a "online study hall" with their colleagues.


Marketing plan:

Our strong word-of-mouth creates a path to growth with low acquisition costs. 

Our marketing strategy focuses on 5 pillars:


Revenue model:

Focusmate is pre-revenue, and will monetize in 2019 through a freemium subscription model. Here is an illustrative set of user plans:


Team

In it to win it

Founding team brings passion for productivity
and behavior change





Coach Taylor's story

After I left my corporate job, I spent several years struggling to build a life that allowed me the creative freedom to realize my potential, while still paying my bills.

I worked as a freelance writer and tutor, started a business, and pursued numerous side hustles before eventually establishing myself as a professional coach for entrepreneurs, growth company executives, and Fortune 100 managers.

Along the way, I tried everything I could find that promised to boost my productivity, and to stop myself from procrastinating and wasting time.

I found productivity apps that helped me organize my to-do list, stay off social media, and manage my calendar.

I also developed my own systems to set long-term goals, to plan my weeks more strategically, and to stick to a strong morning routine.

After helping my coaching clients implement some of these tools, I realized that today’s digital workers need a solution for procrastination that didn’t exist:

A community to connect with like-minded individuals committed to holding each other accountable, hour by hour, for actually doing the actions contained in those todo lists, productivity tools, and goal trackers.

I created Focusmate to help independent workers break free of the shame and anxiety caused by chronic procrastination, and to enjoy the same benefits of accountability as clients paying thousands of dollars for coaching.


Praise

Life-changing impact

Don't take our word for it—see what our users are saying




"Why I'm investing in Focusmate"

Nir Eyal
Author of "Hooked: How to Build
Habit-Forming Products"


Thatcher Bell
Managing Partner, CoVenture


What's Next?

Going big in 2019

We're planning aggressive product improvements
and business expansion

This crowdfunding campaign is the final piece of a capital plan that enables us to invest in product development and business growth.



The key milestones we plan to achieve in the next 18 months include:

  • Full product launch of Focusmate Beta
  • Pilot with online education partners and enterprise client
  • Monetization and $100K in monthly recurring revenue
  • Achievement of our next funding milestone

And this is just the beginning...


Join us

Invest in the future of
human potential

Join our journey—invest in Focusmate today

Deal terms


Valuation cap

$5,500,000

The maximum valuation at which your investment converts into equity shares or cash.
Learn more

Discount

20%

If a trigger event for Focusmate occurs, the discount provision gives investors equity shares (or equal value in cash) at a reduced price.
Learn more.

Minimum investment

$100

The smallest investment amount that Focusmate is accepting.
Learn more

Funding goal

$1.07M

The maximum amount the offering can raise is $1.07M.
Learn more

Deadline
Focusmate needs to reach their minimum funding goal before the deadline ( ). If they don’t, all investments will be refunded.
Learn more
Type of security

Crowd SAFE

A SAFE allows an investor to make a cash investment in a company, with rights to receive certain company stock at a later date, in connection with a specific event. · Learn more

How it works

Documents

Republic (OpenDeal Portal LLC, CRD #283874) is hosting this Reg CF securities offering by Focusmate Inc. View the official SEC filing and all updates:
Official SEC Logo Form C SEC.gov
Company documents
Focusmate Crowd SAFE

Bonus perks

In addition to your Crowd SAFE, you'll receive perks for investing in Focusmate.
Invest
$100
Receive
  • Eternal love & gratitude
100 investors
Invest
$250
Receive
  • 1 year of premium + $50 credit for 5 of your friends
  • Sold out (0 left of 100)
32 investors
Invest
$550
Receive
  • 3 years of premium + $100 credit for 10 of your friends
  • Limited (3 left of 35)
10 investors
Invest
$850
Receive
  • 5 years of premium + $100 credit for 25 of your friends
  • Limited (15 left of 25)
17 investors
Invest
$1,250
Receive
  • Lifetime premium membership to Focusmate + $100 credit for 50 of your friends
  • Limited (8 left of 25)
14 investors
Invest
$2,500
Receive
  • All of the above + receive official quarterly investor updates and status reports
  • Limited (11 left of 25)
Invest
$4,500
Receive
  • All of the above + a consult with Taylor Jacobson, CEO of Focusmate, or with Mike Galanos, CTO of Focusmate, on productivity, starting your startup, or how to build your app
  • Limited (6 left of 6)
Invest
$7,500
Receive
  • All of the above plus guaranteed access to beta program for Focusmate private channels
  • Limited (6 left of 6)
Invest
$10,000
Receive
  • All of the above plus have Taylor Jacobson give a keynote, workshop, webinar for your group (travel not included)
  • Limited (3 left of 3)
Invest
$12,500
Receive
  • All of the above plus dinner with the founders in New York
  • Limited (6 left of 6)
Invest
$15,000
Receive
  • All of the above plus half-day in-person 1-on-1 productivity consult and life coaching with Taylor Jacobson (travel not included)
  • Limited (3 left of 3)
Invest
$20,000
Receive
  • All of the above plus a consult with George Kao (authentic marketing coach), Lori Howard (career coach), or Sandy Freschi, human design consultant
  • Limited (8 left of 8)
Invest
$25,000
Receive
  • All of the above plus a 1-on-1 with Thatcher Bell, managing partner at CoVenture, Peter Rojas, partner at Betaworks, Nir Eyal, author of Hooked, or Taylor Pearson, author of The End of Jobs
  • Limited (8 left of 8)
Invest
$50,000
Receive
  • All of the above plus join quarterly investor meetings as an observer
  • Limited (5 left of 5)

Why others invested

See all reviews (89) See all (89)

This is an awesome idea. With the right execution this product can be a startup unicorn.

Profile picture of Tan Quan Nguyen
Tan Quan Nguyen
Active investor
over 7 years ago

If procrastination were an Olympic sport I'd have at least 4 gold medals and probably a knighthood by now. Focusmate is the first tool I've used that actually puts my butt in the chair. It just works, and I can see it working for millions of others.

Profile picture of Stuart Hilliard
Stuart Hilliard
Investor
over 7 years ago

I believe in the vision of the founder and the team he has assembled. Visionary leader, market disrupting concept and immense scalability potential world-wide. Let's do this!

Profile picture of Nathan Cohen
Nathan Cohen
Active investor
over 7 years ago

About Focusmate

Legal Name
Focusmate Inc
Founded
Jun 2016
Form
Delaware Corporation
Employees
1
Website
focusmate.com
Social Media
Headquarters
Google Map location of of Focusmate
181 East 119th Street , New York, NY
Headquarters
181 East 119th Street, New York, NY, United States 10035

Focusmate Team
Everyone helping build Focusmate, not limited to employees

Profile picture of Taylor Jacobson
Taylor Jacobson
Founder & CEO
Featured in Superheroes · Read
Serial entrepreneur, reformed procrastinator, student of human potential, trained executive coach (clients include Yale, Cornell, Wharton), featured in GQ, CNN, Forbes, and more. Ex-Oliver Wyman. B.S. from Duke University cum laude.
Profile picture of Michael Galanos
Michael Galanos
Co-Founder & CTO
Seasoned software engineer and passionate technologist with 20 years experience. Key contributor to major products like the Razr and Surface 3, used by over 100mm people. B.S. from SIU Carbondale.
Profile picture of Nir Eyal
Nir Eyal
Investor & Advisor, Author of "Hooked"
"I'm investing in Focusmate because I see a habit-forming product that has potential to not only be a great business, but also can improve the lives of millions of people by helping them disconnect from distraction and focus on important work."
Profile picture of Evan Korth
Evan Korth
Lead Syndicate Investor
"I’m investing in Focusmate because the founder’s vision and execution make me confident he can build this company. I think the product has a good chance of being adopted by businesses, learning communities, freelancers and individuals."
Profile picture of Thatcher Bell
Thatcher Bell
Investor, Partner at CoVenture
"We invested in Focusmate because the company is well-positioned, has a compelling product, and is run by a scrappy team . . . Users love the company's virtual co-working solution, as shown by their usage patterns."
Profile picture of Matthew Hartman
Matthew Hartman
Investor, Partner at Betaworks Ventures
"Where and when people work is changing. Focusmate has the potential to be an important part of the productivity stack in the workplace of the future."
Profile picture of Ali Byrd
Ali Byrd
Investor, Partner at Towerview Ventures
"Our bet on Focusmate is consistent with our overall investment approach – a talented Duke entrepreneur with a differentiated offering, partnered with a proven lead VC within a growing, attractive market. We could not be more excited!"
Profile picture of Carrie Molay
Carrie Molay
Investor & Advisor, COO at Optimera
Profile picture of Casey Chafkin
Casey Chafkin
Investor & Advisor, Founder at Skillz
Profile picture of Fiona O'Donnell McCarthy
Fiona O'Donnell McCarthy
Advisor, VP Product at Daily Harvest
Profile picture of Jonathan Bloch
Jonathan Bloch
Advisor, Chief Scientist at YARN
Profile picture of Martyna Królikowska
Martyna Królikowska
Graphic Designer
Profile picture of Matthew Brochstein
Matthew Brochstein
Investor & Advisor, CTO at The Muse
Profile picture of Michał Roszyk
Michał Roszyk
UX/UI Designer
Profile picture of Nicolas Grasset
Nicolas Grasset
Investor & Advisor, CTO at MakeSpace
Profile picture of Will Card
Will Card
Growth Hacker
13 more team members
Carrie Molay
Investor & Advisor, COO at Optimera
Taylor Jacobson
Founder & CEO
Casey Chafkin
Investor & Advisor, Founder at Skillz
Michael Galanos
Co-Founder & CTO
Nir Eyal
Investor & Advisor, Author of "Hooked"
Fiona O'Donnell McCarthy
Advisor, VP Product at Daily Harvest
Evan Korth
Lead Syndicate Investor
Jonathan Bloch
Advisor, Chief Scientist at YARN
Martyna Królikowska
Graphic Designer
Thatcher Bell
Investor, Partner at CoVenture
Matthew Brochstein
Investor & Advisor, CTO at The Muse
Matthew Hartman
Investor, Partner at Betaworks Ventures
Michał Roszyk
UX/UI Designer
Ali Byrd
Investor, Partner at Towerview Ventures
Nicolas Grasset
Investor & Advisor, CTO at MakeSpace
Will Card
Growth Hacker

Press

Does Your Startup Actually Need Office Space? | Crunchbase
Crunchbase Marketing Crunchbase Marketing
·
Jan 11, 2019

Is your current office distracting you from doing your actual work? Have you found yourself doing higher quality work whe...

Working from home? Let a stranger keep an eye on you
Thetimes Thetimes
·
Dec 29, 2018

Having your boss stare over your shoulder has always been the traditional motivation to get your head down and focus.

Watched over while I worked from home
BBC News BBC News
·
Dec 27, 2018

It's 08:00 GMT and I'm sitting silently in my lounge while a stranger watches me via my webcam. I can see them too. In fa...

Taylor Jacobson, Focusmate
Republic Republic
·
Dec 19, 2018

One thing you've worked on lately? Being OK with vulnerability. It's one of the things I've probably learned the most abo...

Site grátis oferece tática inusitada para trabalhar mais ...
EXAME EXAME
·
Sep 5, 2018

São Paulo - Trabalhar em casa é uma maravilha da modernidade. Sem precisar se preocupar com o trânsito e a um passo de um...

6 Productivity Tips for Work-at-Home Parents
Themuse Themuse
·
Aug 16, 2018

Working from home while I was pregnant was incredibly convenient. Working from home after my son was born proved slightly...

Focusmate Provides Virtual Coworking Experience for Freel...
Small Business Trends Small Business Trends
·
Aug 2, 2018

The number of coworking spaces around the world is expected to grow to more than 30,000 by 2022. It's a concept that make...

Stay Focused on a Project By Working With a Virtual Coworker
Lifehacker Lifehacker
·
May 20, 2018

Working from home is hard. Inevitably whenever you sit down to work on a big project you remember that you really need to...

Focusmate Gives People Free Virtual Coworking Partners
PSFK PSFK
·
Mar 29, 2018

The online coworking service sets users up with accountability partners for uninterrupted video sessions to increase prod...

8 Insanely Busy People Reveal the #1 Way They Stop Procra...
Men's Health Men's Health
·
Jan 4, 2018

Whether your procrastination is occasional or chronic, the effect is the same: You're likely sabotaging yourself. Maybe y...

Show all
Logo of Focusmate

Focusmate

Focusmate successfully raised $122,367 from 335 investors on January 19, 2019
Profile picture of Patrick Saunders
Profile picture of Ramona Ortega
Profile picture of Noel Andrews
Profile picture of Pravin Singh
Profile picture of Gwyneth Gordon
Patrick, Ramona, Noel, Pravin, Gwyneth, and 330 others invested. 89 Reviews
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