Last updated on
5/8/2023
Funding

Preset puts transparency with its users at the heart of its development. Here is a list of our expenses.

Funding

Preset puts transparency with its users at the heart of its development. Here is a list of our expenses.

Here's a sample of how the company is allocating its funds after the Kickstarter campaign, we also explain our desire to raise funds in the near future and ongoing discussions with serious partners and historical investors.

Taxes: Our first priority after a Kickstarter campaign was to pay our taxes. Based on our income, corporate tax and other taxes. These tax obligations were closely followed by our accountant.

Business expenses: We will need to pay various fees to operate legally, including Preset's fiber network licenses and permits. These fees are an ongoing expense, but are necessary to ensure that we operate within a legal framework.

Salaries: As a startup, we understand the importance of attracting and retaining top talent, and we are willing to invest in our employees. Our salary budget is based on the number of employees, their role and their level of experience. We will prioritize a competitive salary to ensure employee satisfaction and reduce the risk of employee turnover.

Infrastructure: As a cloud computing startup, investment in infrastructure is critical to our success. This includes purchasing and maintaining servers, networking equipment and other hardware. We allocate a portion of our budget to infrastructure to ensure that we have the resources to provide a reliable and scalable service to our customers.

Development costs: Our development costs include some research, testing and development of new features and functionality to improve our service offering. We prioritize providing a high quality product to our customers in order to remain competitive in the marketplace.

Rebranding costs: We decided to refresh our brand in a strategy of reorienting our objectives and target audience. This includes a new logo, a new graphic charter as well as a new website and a redesign of all our interfaces. While this expense is optional, we recognize the importance of strong branding and have invested in this area because it fits our strategic goals.

With respect to our desire to raise funds in the near future, we recognize the importance of having adequate financial resources to support our growth plans. We are already in discussions with serious partners and historical investors to raise additional funds. These funds will be used to support our ongoing operations, expand our customer base and invest in new products and services. We are committed to our long-term financial stability and success and are prepared to take the necessary steps to achieve these goals.