Describe the company – the elevator pitch …
Share Internet Data Limited (SID) is a tech start-up created to boost the global internet connectivity status. Giving users a simple and efficient way to share crowd-sourced internet access. Our mission statement is “To lift as many people out of poverty as possible, by means of giving those less fortunate Users a way to access the internet through nearby smartphones Users Who Share Internet Data with other Users”
How are you different?
The technology is ready. It has been built, patented and we can already provide potential investors and users access to our commercial SID APP released on 8th February 2018 to both the AppStore and the PlayStore. Earlier this year, we integrated our technology with Dunkin Donuts’ Spanish franchise, Dunkin Coffee. This integration provided users of the Dunkin Coffee mobile app with automated WiFi connectivity in all Dunkin Coffee stores across the whole of Spain, as well as WiFi sharing between app users connected to the coffee chain’s WiFi network. The app has already received 250,000 downloads, with more than 91,000 active monthly users and the chain experienced a positive increase in footfall.
This exercise also proved that the more devices implementing our technology, the more mobile free internet access points are made available and partnering with third parties via commercial license agreements such as Dunkin Coffee, encourages organic growth.
Why will you do well?
We are passionate about our technology, driven to make it work, and believe in the positive global social impact we can make together.
We know that our technology works, therefore we’re not inviting people to invest in an idea, but be part of something much bigger, in our mission. If that wasn’t enough, we also have an incredible team, that has a wealth of extensive tech and telecom experience, including ex-leadership positions from major blue-chip companies.
Where are you based?
Gibraltar. Over the last few years, Gibraltar has worked hard to create a regulatory framework for companies like ours, to launch successful ICOs. It’s very important to us that we work within regulatory parameters that not only protect us and our investors but ultimately our customers. Gibraltar supports innovation and we believe this will help our business to thrive internationally by applying the same company governance rules across the globe.
When was the company launched?
The company was launched in December 2016 as Frinwo S.L. (Free Internet World) by the author of the first patent and the R&D team to develop the proof of principle of the initial patent. Development concluded in two SDKs (black-box key software blocks) that could be integrated in 3rd party APPs. By Q4, 2017 the team concluded that users were not prepared to share their mobile data unless they were getting compensated (paid) for it. Current payment systems could not manage micro payments of 1 cents EURO/USD/GBP so the best solution viable was to use a blockchain. For that reason, we sought 3rd party advice and concluded that we need to move our company to a DLT friendly region. Gibraltar has just announced in Dec 2017 that they would approve legislation in early 2018.
Therefore, by January 2018, we registered the company SID limited and transferred all Frinwo S.L. assets to SID Limited. Frinwo S.L. became the R&D cost centre for SID Limited.
What have been your biggest wins to date?
By far the first biggest win was in the summer 2017 when we had concluded the “proof of principle” demonstrating to ourselves that the core technology described in the 1st patent worked. The second big win was the completion of our first 3rd party project with Dunkin Coffee. Thus, having a 3rd party validating our core technology. We have since filed for a 2nd patent and will soon be releasing a product update to show the strength of those features in our technology.
We are also absolutely delighted that some of the most prominent experts in tech and ICOs space have agreed to join our Board of Advisors. I believe this is a testament to our technology and overall mission to bring a segment of the 500 million people out of poverty.
We at SID are excited to announce that we have David Drake, CEO of LDJcapital , #blockchain , #cryptocurrency and #ICOs expert, as our Board Advisor and look forward to a long standing co-operation. via https://t.co/wH4bcXL7Nl pic.twitter.com/k6INTN5eGj
— Share Internet Data (@SID_frinwo) February 19, 2018
Who are you trying to attract to your product?
Two different types of people with two complete different messages and objectives:
On one hand: Users of our SID system of two extremes of the spectrum. Those who are well off as to share internet with other less fortunate AND those less fortunate to give them access to the internet. Thus, giving them a way to be part of the “sharing economy” and benefit in the economical and education possibilities the internet brings.
On the other hand: Investors in SID as a company that support our company mission, yet support building a profitable business as without that we won’t be able to help anybody. Again, here the type of investors are the two extremes. Those investment firms with deep pockets or wealthy philanthropist AND those individual small Users / ITO contributors who really believe in the product and the social impact it will bring to certain segments of society across the globe in developed and developing countries alike.
At SID we believe that you don’t need to be an expert in ICOs, blockchain, mobile and technology but have an interest in using technology to change the world for the better. We are offering investors a unique opportunity to receive something tangible in the shape of equity for those investors who become shareholders AND for small investors or Users we will offer tokens, so that people from of all walks of life can be involved from the very start in a technology that is market ready and with proven success.
The only thing we have started working on is the integration of our already released free to use commercial SID product with the blockchain to allow the trade of tokens for shared internet BUT also to allow those who can’t afford to spend even 1 cent to consume ads and we as a company buy a token on the exchange and put it on their wallet, so in effect they get a token or multiple tokens for free to consume on our SID network to obtain internet from other SID users.
What tips would you give to others looking to build their business?
Start with the definition of what the product is and to which audience you want to target. Than develop the actual basic product and make it available to real users so you can improve it. Then re-assess the commercial business model and adapt it as needed and start fund-raising in a variety of ways not just only one way.
Tell us about your team?
The core team have a strong proven track record. Built over decades, having worked in multi-nationals mainly in the telecoms sector following the experience in the blue-chip companies. With additionally several start-up companies experience under the belt, brings the perfect cocktail to bring an idea into a product and then into a sustainable business.
There is a strong skewing in the number of team members being mostly in software development and less in top management background BUT then again that´s what the business needs going forward. Complemented with two types of advisors: those from traditional old-style management bringing start-ups to publicly quoted companies and those with vast experience in crowdfunding through initial coins or token offerings.
A superb complementary mix of people in the team.
The only missing type of Advisor that is still to be found for the long-term mission of the company is one or more Humanitarian / NGO style Advisor or wealthy Philanthropist who is already active in the same or similar field as our company mission.
What are your plans for the future?
We are excited about carrying out the 3 to 5 years business plan that we have in place. Looking forward to having a successful ICO behind us, which will provide us with an opportunity to take SID to the next level. Assisting us to show the world that the SID micro payments system using blockchain technology is a means to allow our product to become a reality. Through that we´ll build-up a profitable and sustainable business without deviating from the core company mission.
What are your favourite tech gadgets?
1.- Smartphones that alleviate daily live things as communication and socializing,
2.- Alexa (interactive devices),
3.- Tesla (self-driving car just fascinates me massively and the communications used to achieve that by mass crowdsourcing info and then share it with all other drivers),
4.- Online TV and radio boxes (we use an MXQ Android box) …
What tech gadgets do you wish you could use to help you?
1.- Health monitoring on request remotely and get instant options as to potential cause of the symptoms and key measurements to than instantly provide the available solution (be it health recommendations or medications available globally). Today it’s to dependant on finding the right medical expert that knows the answer which is not good enough in a sharing health economy, things would help me but others too much better.
Anything else you’d like to add/we should have asked?
Maybe, “what is missing to achieve the long-term goal?”:
As explained before an addition of 1 or more Board Advisor that support our company statement in the long term, rather than only during the ICO phase, such as NGO execs or wealthy Philanthropist.
But also, an evolving team that grows and adapt to the challenges that today are unknown but for sure will present themselves along the growth path and attract and hire those needed human resources at the right time.
In the shorter term a key position to be filed in the next 6 to 9 months is a Marketing executive that has hands-on experience of having gone through the old style traditional media marketing but also through the newer online marketing experience using the last decade(s) because the single biggest spend in year 2 and onwards will be on customer acquisition and products & brand.
How do people get in touch with you?
I am personally very easy reachable through any of these mediums.
Business email: [email protected]
Private email: [email protected]
Mobile phone: +35056004294 (with WhatsApp)
The company can be contacted in several different ways:
For the public at large to contact SID, these are the social media ways to get in touch with us, besides the website and general email.
|1||Twitter Company Account||https://twitter.com/sid_frinwo/|
|2||Facebook Company Page||https://www.facebook.com/shareinternetdata/|
|3||LinkedIn Company Page|| https://www.linkedin.com/company/sid-frinwo/ (Corporate)
|4||Telegram Channel and/or Chat Group||Our telegram channel is easily accessible through our website clicking on “Join us on Telegram”:
|5||Instagram Company page||https://www.instagram.com/sid_frinwo/|
|6||YouTube Company page||https://www.youtube.com/channel/UCnMCnOPNFio2wXuYQfZh82A