Early Stage

Phone Service for Dementia - Helping Seniors and Caregivers

Phone Service for Dementia - Helping Seniors and Caregivers


Raised to Date: Raised: $107,879

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Equity - Preferred



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RegCF    Open SEC Filing

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Year Founded



Consumer Products, Goods & Services

Tech Sector


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Capital Intensity



Allen, Texas

Business Type


teleCalm, with a pre-money valuation of $5.48 million, is raising funds on Wefunder. The company is helping seniors and their caregivers by offering phone service for dementia. The unique phone service of teleCalm keeps the seniors connected with friends and family while blocking all the troublesome calls. Tavis Schriefer founded teleCalm in 2016 and has raised over $600,000 since its inception. The proceeds of the current crowdfunding round, with a minimum goal of $50,001 and a maximum goal of $250,000, will be used for developing teleCalm Mobile v1 and v2, enhancing features, optimizing infrastructure, marketing, and hiring additional team members. teleCalm serves over 1.5 million phone calls from its 500 subscribers across 42 states. The business is revenue-generating, with over $265,000 in annual recurring revenue.

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Financials as of: 10/12/2020
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Alzheimer’s and dementia are serious medical issues that affect a larger swath of the population. In the US alone, there are around 5.8 million people suffering from these conditions. That’s up from 4.7 million a decade ago. By 2050, the number of people suffering from these conditions will grow to between 13.8 million and 16 million. This will result in the annual cost of Alzheimer’s and dementia rising from $277 billion in 2018 to $1.1 trillion by 2050. And all of this only focuses on the US market. Globally, the number of people with these conditions is around 50 million today. By 2050, this figure should rise to between 131.5 million and 152 million. 

Naturally, problems associated with these conditions extend beyond just the direct financial cost. One common issue is what would be classified as ‘inappropriate phone calls’. These are false and repeated 911 calls and late-night calls. Similar issues involve falling victim to scams and telemarketers, as well as indulging in TV shopping. Collectively, this behavior can result in increased costs for some of the nation’s most vulnerable people. It can also lead to legal fines and stress between family members. 

One company dedicated to fixing all of this is teleCalm. Simply put, teleCalm is a service that can replace the existing phone service of those living with Alzheimer’s or dementia. The service can evaluate incoming calls and block those which originate from scammers or telemarketers. It also has settings which prevent late-night calls or repeated calls from those living with dementia or Alzheimer’s. Lastly, teleCalm also helps prevent false 911 calls. While it does not totally prevent 911 calls from happening, teleCalm is able to alert a caregiver or loved one when a call happens through a linked app. Additionally, if the person making the call lives in an assisted living community, the service re-routes the call to a nursing station (instead of emergency services).

Management claims the service has already proven successful for its users. The company reported that 100% of calls from telemarketers and scammers were successfully prevented. Their service also filtered out about 81% of outgoing calls. Users noticed a 34% decline in stressful repeat calls and a 36% decline in disruptive late-night calls. False 911 calls decreased by 32%. 

teleCalm is currently working on the launch of its mobile service. This will include a dementia-friendly cell phone that consumers can buy. The phone will come preloaded with teleCalm’s services integrated on it. It is unclear what kind of pricing the firm will provide that phone at, but the business has been clear about its current pricing strategy. At this time, they charge $49.95 per month for their service. They also charge a one-time $60 activation fee. It’s not unreasonable to think that the business might come out with other add-on features as well. 

The current Wefunder raise has been rated a Deal To Watch by the KingsCrowd investment team.

Next Section: Price


teleCalm has set its valuation at $5.48 million on a pre-money basis. For the first $100,000 committed, this valuation is set slightly lower at $4.52 million. Keeping in mind how progressed the business is and the kind of revenue it is already generating, this low price certainly warrants teleCalm’s strong price score.

Next Section: Market


With 5.8 million Americans living with Alzheimer’s and dementia — and assuming management’s existing pricing for its service — we are looking at annual recurring revenue potential of $3.48 billion. In addition, one-time activation fees represent another $0.35 million. By 2050, these figures should rise to $9.59 billion and $0.96 million, respectively. Globally, the picture is even more attractive. Today, the same pricing would imply a market size of $29.97 billion annually. In addition, we would see up to $3 billion in activation fees. Though the upside for teleCalm could be substantial, the probability of capturing any sizable chunk of the market is slim. International expansion is complicated, and pricing will vary by region. In the US, the market is fairly small compared to the world as a whole. This is all reflective of teleCalm’s market score, which was its lowest across all five metrics. 

Next Section: Team


At this moment in time, there are three core members to the teleCalm team. The top of these is founder and CEO Tavis Schriefer. Previously, Schriefer founded IDEATIVE Product Ventures, where he was President and CEO. There, he focused on selling seven of his inventions under the consumer electronics category. Beyond just marketing a product, he gained valuable insight into intellectual property, new product design, prototyping, and more. Prior to that role, he worked as an eCommerce Strategist and eBusiness Architect at Nortel Networks. There, he delivered IT business solutions for the telecommunications firm. 

Another key individual at teleCalm is Carl Ott. He presently serves as the CTO of the business. In the past, he founded COTRO Services. That business served as a consulting firm for product conception, development and launching. Another role he had was as a Senior Consultant of Product Technology for Aperio Insights Market Research Co. There, he worked on assessing product-market fit for clients. 

The third person, meanwhile, is Jill Schriefer, teleCalm’s Chief Customer Officer. Her focus in the past was dedicated to Girl Scouts of Northeast Texas where she served as the organization’s Grants Manager. Before that, Schriefer worked as the Manager of Foundation and Partnerships for the SPCA of Texas. And prior to that, she was a Trade Show Coordinator for IDEATIVE Product Ventures. While there, she focused on budgeting and the management of presentations. Her focus on grants does not translate directly to what teleCalm is working on, but it has come in handy. In 2019, teleCalm received at least one grant worth $100,000. 

Overall, the team running teleCalm looks solid. Management has relevant experience and even the member with the least relevant experience was able to generate some value for the firm last year. The lack of medical experience or previous successful exits in the team is not ideal however. Altogether, teleCalm’s team score is middle-of-the-road — they have relevant experience, but there are gaps which could be challenging to overcome as the business grows.

Next Section: Differentiators


What really separates teleCalm from established players like Call Blockers and Vonage are a few of its core features. Some competitors have scam protection, but none of them help to reduce repeat calls, late night calls, and 911 abuse. One example is RAZ Mobility, which provides large, picture-oriented dialing via cell phones. The Memory Phone is another one. teleCalm’s own service is so much more comprehensive, though, that we view it as having a leg up on the competition. Furthermore, its service is built off of three awarded patents. Even if other players were to try and copy it, the patents protecting teleCalm’s technology and the work needed to build out a similar system would be prohibitive for some businesses. Hence, teleCalm’s high differentiation score.

Next Section: Performance


Since launching, teleCalm has done really well to expand itself. In 2018, the firm generated sales of just $32,066. This grew to $104,436 last year. So far this year, monthly recurring revenue is about $22,000, and management is targeting annual recurring revenue of $326,000 for 2020 as a whole. Along the way, the business has accumulated more than 500 subscribers and boasts over 1.5 million phone calls served. Like most early-stage entities, though, teleCalm is still generating losses. Its net loss in 2019 totaled $128,894, while its operating cash outflows were $137,997. Both of these are better, though, than the $287,062 net loss and $220,780 operating cash outflow seen a year earlier. This kind of growth — especially compared to 2019 — is impressive but it’s not meteoric. The promising growth of teleCalm’s revenue gives it a strong performance score.

Next Section: Other

Bearish Outlook

At this point in time, there are not a lot of bearish items to consider. The net losses and cash outflows are obvious things to consider. The overall market for the business and its product is not the largest or fastest-growing. Even in the best-case scenario, this does limit teleCalm’s potential upside. The company would need to secure a very large market share to provide a solid return on investment.

Next Section: Bullish Outlook

Bullish Outlook

While the bearish indicators are few, the bullish ones are many. Traction, for starters, is really great. Management has relevant experience in this space. The market opportunity is growing, and the company has plans to significantly increase sales with the launch of its own cell phone. Data also illustrates that — far from being a gimmicky item — teleCalm does have the usefulness it’s intended to. The price tag of $49.95 per month is not that high considering phone services on the market today. On top of all this, teleCalm’s valuation is far from high. 

Next Section: Executive Summary

Executive Summary

Taking all of the data provided and putting it together, the KingsCrowd team has concluded that teleCalm is an interesting prospect. The firm’s valuation appears more than reasonable. Its early traction is encouraging, and its general take on what the market needs is logical. There are some weak points to consider, but these are few and far between. What’s more is the fact that the market for this kind of service is all but guaranteed to expand for as long as the population expands. All of this combined warrants teleCalm’s rating as a Deal to Watch.

For questions regarding the KingsCrowd staff pick or ratings for this company, please reach out to

Analysis written by Daniel Jones. 

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teleCalm on Wefunder
Platform: Wefunder
Security Type: Equity - Preferred
Valuation: $5,480,000
Price per Share: $0.99

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