Proof Media
About this raise
Proof Media offers a voting system to help discern what is true news. They use crowdsourcing, a shared economy, blockchain, incentives, and applied microeconomic theories to create a solution that offers truthful news. Proof is currently in development with an alpha version coming December 2018. This version will not use actual money, nor will it run on blockchain. Nearly all major features have been developed, and they hope to use the December product release to test the software, adjust scaling measures accordingly, and elicit customer feedback. Proof’s beta version is slated for release in Q1 of 2019 and will include actual payments, as well as use blockchain.
Investment Overview
Not Funded: $0
Deal Terms
Total Commitments
- Platform
- StartEngine
- Start Date
- 11/16/2018
- Close Date
- 02/15/2019
$10,000
$1,070,000
$300
Equity - Common
Early Stage
RegCF
$4.00
$21,000,000
Company & Team
Company
- Year Founded
- 2018
- Industry
- Media, Entertainment & Publishing
- Tech Sector
- Distribution Model
- B2C
- Margin
- Capital Intensity
- Location
- Manalpan, New Jersey
- Company Website
-
Visit Website
Team
- Employees
- 8
Financials
Upgrade to gain access
-
$12.50 /month
billed annually - Free portfolio tracking, data-driven ratings, AI analysis and reports
- Plan Includes:
- Everything in Free, plus
- Company specific
Kingscrowd ratings and analyst reports
- Deal explorer and side-by-side comparison
- Startup exit and failure tracking
- Startup market filters and historical industry data
- Advanced company search ( with ratings)
- Get Edge Annual
Edge
Company Funding & Growth
Funding history
| Close Date | Platform | Valuation | Total Raised | Security Type | Status | Reg Type |
|---|---|---|---|---|---|---|
| 02/15/2019 | StartEngine | $21,000,000 | $0 | Equity - Common | Not Funded | RegCF |
Founder Interview
Founder Profile: The Man Putting An End To Fake News
With Donald Trump as President came the rise of the #fakenews movement. The fake news was not necessarily caused by Trump, but he has shed a great deal of light on the widespread issue of false content online.
With fake news now mainstream there has never been a more pressing need for a way to distill the truth from lies. That is where Proof Media comes into play with a solution that actually incentivizes you the reader to vote on what content you think is fact.
In doing so, we collectively can determine what the truth is and put an end to #fakenews. Want to learn more about this awesome new company? We sat down with Co-Founder, Luigi D’Onorio Demeo to get to the ‘truth’ about this organization. Check it out below.