Sagoon Inc. is a social commerce platform whose goal is to define the global standard for social media with its social path : Connect. Share. Earn.
Sagoon’s mission is to change the way people use and interact on social media today. Sagoon plans to be a pioneer in monetizing social media, enabling users to earn financial rewards while connecting with others and sharing personal experiences.We call Sagoon a “social movement” – CONNECT – SHARE – EARN
In July 2014, Sagoon launched Version 1.0 (product – secret sharing) as a private beta in Washington DC. It was tremendously successful with hundreds of thousands of users signing up for testing the beta version. In November 2015, Sagoon launched Version 2.0 (new products – My Day and Mood Talk) as a public beta in Kathmandu. It gained Sagoon global attention and enormous media hike, which resulted in half a million users signing up to use ‘secret sharing’ and other products.
Today, Sagoon is used by over 871,000 users from more than 61 countries. The largest number of users is from Nepal, followed by India and the United States. The average time a single user spends on Sagoon is 3 minutes and 30 seconds; this insight into engagement is really impressive when compared to other social sites.Source: Google Analytics
For 80 years, only rich people and venture capitalists could invest in early-stage private companies. Thanks to the US JOBS Act of 2012 - a landmark piece of legislation signed by US President Obama - everyday Americans and the general public worldwide now have an opportunity to invest in early-stage companies like Sagoon.
Sagoon Inc. – a social commerce platform - has become qualified by the United States Securities and Exchange Commission (SEC) to launch a public offering, Reg A+ (Mini-IPO). The company is now offering more than 800,000 Shares of Class C Common Stock and giving all investors worldwide a chance to buy its shares, become a part of the $300 billion social commerce industry, and potentially earn a financial reward by being a shareholder.
Prior to investing, to review the specific details of the offering, review our Offering Circular.
- Raise Description
Regulation A+ (Mini-IPO)
- Company Name
Sagoon Inc., a Delaware Corporation
- Founder & CEO
- Security Type
Class C Common Shares (1/10-voting)
(Dividends: We do not anticipate paying dividends in the near future and any dividends will be dependent upon future profits, if any)
- Share Price
$23 Per Share
- Minimum Investment
$1,000 (43 shares)
(We recommend a minimum wire investment of $1050 to avoid any deficits or insufficient funds resulting from applicable bank wire transfer fees and charges)
- Use of Proceeds
Research and development, technology infrastructure, launching products and expanding the company’s business
Sagoon India Private Limited (100% subsidiary) and Sagoon Nepal Private Limited (100% subsidiary, registration in process)
- Legal Counsel
Craig Denlinger (Artesian CPA)
- Back-end Processing
- Escrow Service
Prime Trust, LLC
- Transfer Agent
- Credit Card Processing
We think that an informed decision is a wise decision. Before you decide to come aboard as an investor, please read our Offering Circular. We'd like to draw your attention to the following:
We are focused on more than $300 billion social commerce market. We intend that our major revenue sources in the first phase will be “gifting and socializing” coupons.
We believe we are the pioneer of social media monetization – a unique business innovation that has the potential to change the way the social media landscape is used today.
We are positioning Sagoon as a social movement. The motivation in investing in Sagoon is not just to get financial returns but also to foster innovation from an isolated community and underserved market.
We are a very passionate and committed team of entrepreneurs, who have full confidence in what we observe, perform and execute.
We are developing the opportunity for users to earn money while they socialize with their loved ones; it will be made possible through a ‘Social Smart Card’ that we believe creates a spin cycle of positive outcomes - more gifting, more advertising. That is our plan for successful growth.
The word 'sagoon' is a well- recognized household name among billions of people in South Asia and other parts of the world.
We have a long-term vision. Since inception, we have been located in the United States and India - where more than 500 million potential users access the Internet. We are also located in Nepal - a transit spot to China where more than 700 million potential users surf the Internet.
Investing in startups is risky. Please read all the risk factors set out in our Offering Circular.
Products and Services
We believe that Sagoon’s comprehensive suite of products and services supports the needs of global online users. Each product suite has unique features and a different customer presentation strategy; the purpose of each application is to strengthen relationships. The core Sagoon technology enables products to be categorized semantically with lower development costs and faster speeds.
At present, Sagoon is used by people of all ages. The primary product allows for the building of social connections and sharing of secret messages, both publicly and privately. Additionally, it provides for the organization of daily tasks and schedules and the ability to “chat” seamlessly through MoodTalk. The current features available on desktops are MyDay, Secret Sharing and MoodTalk. The current features available on mobile devices are Secret Sharing and MoodTalk.
To learn more about these features, please go to www.sagoon.com/about
Sagoon Inc. aims to be a GIFTING company.
We believe that the company is set to disrupt the $300 billion worth social gifting market and plan to share its earnings with every single user by creating the social path: CONNECT – SHARE – EARN.
Sagoon intends to achieve its mission of making the world a better place to live by helping people build true connections, share useful experiences and earn while socializing. We believe reinventing the concept of social gifting would improve people’s relationships and make them cherish each moment spent with their loved ones.
We discovered that people had many friends but little closeness, that they had many connections but few real bonds.
Keeping this in mind, we created Sagoon - a social commerce network focused on cultivating closeness and bonds, and creating close relationships. We wanted it to be unique, in that we meant it to be a ‘problem solver’; one that adds value by humanizing, providing a platform to voice your opinions, feelings, emotions or even confessions — without being judged.
Therefore, we call Sagoon a “social movement”- CONNECT – SHARE – EARN
People want their lives to be more fruitful. We just don’t want you to connect. We want you to build a beautiful relationship with your people and want your time here in Sagoon to be useful - productive and better organized.
We understand that each relationship in your life is special. Our aim is to enrich the quality of interactions with the people who matter most to you. We don’t want you to share everything you find with your people. That creates boring relations. Instead, share your experiences, feelings and thoughts that would create better bonds or turn out to be a life- saving gift to others.
We want to share our earnings with you. By spending time with us, we want you to learn, enjoy, and earn knowledge and cash rewards.
Our Target Market*Source: CEB ToweGroup
Sagoon is focused on the $300 billion Social Commerce Market. Here is a quick glimpse
Our Anticipated Sources of Revenue
We anticipate generating revenue from the following:Source: Nanigans & Emarketer
Social Smart Card10% Per transaction
Gift cards, purchases on the Social Smart Card and coupon redemption
Smart Banners$0.12 CPC
Tell a transformational story designed to engage viewers emotionally
Display Ads$2.54 CPM
Per 1,000 impressions for display ad formats
Banner Ads Introduction:
We plan to create a revolution in the banner ads market by adding value, knowledge and experience. Banner ads will follow our application, featuring a story in pictures. We will introduce a cost per thousand (CPM) model as our ads system in the ‘Secret and Wish’ messaging page of the user’s personal dashboard, allowing advertisers to brand their product by telling sales stories in pictures.
We are in India: Sagoon India Pvt. Ltd.
We are in India to reinvent the wheel. We plan to combine the experience, culture and success of Silicon Valley with the incredible talent that gives India the chance to change the world. Our plan is to roll out the same culture of product delivery, the same business model and retail concept, the same game plan, the same investment opportunity, the same employee benefits, and the same successful management team that a Silicon Valley company would.
We believe we have the potential to go bigger and much better because of the size of the South Asian market compared to the U.S. market – more than 500 million Internet users at present1, a figure that is projecte d to reach more than 700 million by 2018. We have a team and an infrastructure already in place. We plan to hire and build a bigger team with key management, developers and engineers after closing this offering.
1- Internet World Stats 3/31/17
We are in Nepal: Sagoon Nepal Pvt. Ltd.
We are in Nepal to leverage the full potential of the hidden talent that this mountain nation possesses. We admire the hard work, the appetite to learn new things and the hunger of Nepalese to carve a name for themselves to the extent that we have planned to start making a framework of the IT hub in Nepal. We already have established an office in one of the prime locations of Kathmandu and that is just a start.We are located in Kathmandu, at strategically placed Neupane Tower, 3rd floor.
How do we stand out from the crowd?
We believe there are five major innovative factors that enable us to serve a unique niche market:
- R&D Cost: Our product development cost is five times lower than our competitors’
- Product and Service: We offer social media and social gifting in one place
- Shared Earnings: Users earn money for the time they spend on Sagoon
- South Asian Market: We believe we can have a huge influence in this market and we believe we fit into it culturally more easily than our competitors
- Technology: We plan to use a data-retrieving method based on advanced mathematical formulae that support Semantic Web and Natural Language Processing (NLP)
We intend to file more than 15 patent and trademark applications after this offering.
Employees and third-party consultants have signed non-disclosure agreements with Sagoon to further protect its proprietary rights. We are continuing to develop intellectual property, with the intention of aggressively protecting our position in key technologies. The company owns several trademarks protecting the company’s name and logo, and also owns extensive data, engineering analysis, and other intellectual property.
For more information, please read our Offering Circular.
Launching Soon: The Mobile App (Android)
We are excited to announce that we are soon going to launch our long-awaited mobile app (android) in New Delhi, India. More than 18 engineers are working day and night to ensure the release of an app that is glitch-free, easy to use and has great UI. Currently, we are conducting internal testing to comb out errors and improve its appeal.
- My Day (Scheduling, to-dos and invites) My Day is the fastest way to create & share schedules, build to-do-lists, and set reminders. It has been designed to simplify your daily professional and personal lives, and improve productivity.
- Secret (Anonymous messaging app) Secret allows you to learn, explore and experience, different ideas, and communities with the safety of comfort of anonymity. Ask a question or share a thought without the fear of being judged. You can also send one-on-one secret messages which will vanish after they are read.
- Mood Talk (Chatting, Photos, Emoticons) MoodTalk is a chat app that helps you communicate using ‘moods’ – a feature for the real time expression of your moods. In ‘MoodTalk’ you can set your custom mood happy, sad, sick etc and let your moods do the talking while chatting with others. Your chat vanishes automatically after 24-hours.
Why do we believe Sagoon is a game changer?
It’s simple: revenue sharing. We believe that Sagoon’s platform will be a pioneer in social media monetization where its users will earn money while making social connections and sharing personal stories.
Imagine being able to earn money, just by spending time on social media. The Social Smart Card – which we anticipate launching by Q1 2018 – will be designed to allow every single user to earn a percentage of Sagoon’s revenue.