Investor or partnership for Fingerprint Touch logon?

F

FireWalker

Please see the attached business plan synopsis. I am looking for an investor with some vision.

Andrew


Fingerprint Touchtm

Overview
Fingerprint Touchtm is a mobile application to securely log into your phone using only a finger press on the touch screen. It is currently under development for the iPhone 5S, however, backward compatibility to other phones is expected to be viable.

Once logged in, all usernames and passwords can be saved in a central location with automatic log in to your favorite sites, including Facebook, Twitter, Gmail, etc.

Patentable Process
Fingerprint Touchtm was designed to be the most secure system on earth. Some key aspects to the technology:
• the pressure applied on the touch screen is saved.
• a database administrator is the only person with access to your personal data. That administrator is a public officer for accountability.
• the IP address of the database server is saved on the mobile device to make sure all subsequent messages originated from that server.
The above are part of a patentable system for a single sign-on site. The app will log you into Google, Gmail, MSN, etc with just a single finger press.

Mobile Application
The first iteration of this will be an iPhone app for the 5S, although backward compatibility will be a major goal. The app will likely be called "Fingerprint Touch"tm although other names are under consideration. Fingerprint Touchtm will be the first app you access on your phone. Press your finger and all your manual usernames and passwords will be centrally available. The server prototype framework is complete.

The design and detailed specs for Fingerprint Touchtm are complete.

Time to market
1. finish the application (4-6 weeks)
2. retain a lawyer to protect the intellectual property rights
3. marketing funds including a press release

Most likely within 5-8 weeks the Fingerprint Touchtm app for the iPhone would be available in the iPhone store. Android of course would be next.

Profits
Cost for the app will be free. Corporate partnerships and licensing will be the revenue. Also, the portal itself can be leveraged for advertising data. Going forward, security out of a spy novel might prevent identity theft forever.

Inventor
Andrew B Brown. BA Accounting (UT Austin), self-taught software developer with 15 years experience. End to end development with a focus on security and databases.

+1 480 406 1401
andrewbb@gmail.com

Fingerprint Touchtm

Round 1 Financing
Hire Objective-C developer $15,000
Write the server-side database $25,000
Retain IP lawyer (trademark and patent) $10,000
Initial marketing (press release and materials) $7,000
Website (including graphics, server and database) $8,000
Administrative (filing fees, copies, subscriptions, etc.) $3,000
Total $68,000

Round 1 will result in an iPhone app for the 5S in the App Store.
Time to market <2 months.

Round 2 Financing
International IP lawyer (trademark and patent) $100,000
Marketing team (10 at $100,000 salary) $1,000,000
Travel (hotel, transportation, per diem) $2,200,000
Airfare $300,000
Retain marketing firm $500,000
Expenses (wine & dine) $500,000
Membership and subscriptions $150,000
Website $10,000
Software development $800,000
Administrative (copies, phones, internet, utilities) $200,000
Office lease $400,000
Furniture and fixtures $200,000
Social media marketing $100,000
Salaries for administrative personnel $200,000
Salaries for management $500,000
Total $7,160,000

Round 2 will secure intellectual property globally. Marketing to phone manufacturers and software companies to integrate the Fingerprint Touchtm at major corporations while marketing to the end consumer for market share.
Round 2 financing will provide funds for one year.

Round 3 Financing
TBD. This will include offices throughout the world for identity theft prevention and restoration, including secure paper backup and DNA testing. This is highly dependent on the partnerships built during Round 2 so cannot be estimated accurately. Round 3 financing might be generated through internal revenue (patent fees at the phone manufacturer level). A buyout during Round 2 is very possible.
 

Attachments

Quote from bigmoose:

I wonder how you patent it now that you publicly disclosed it?
More...

From my understanding of patent law, you have a year to market the idea before a provisional patent needs to be filed.
 
Fingerprint Touch

The “Single Sign-on” mobile app

Overview
Fingerprint Touchtm was designed to be the most secure system on earth. Some key aspects to the technology:
• the pressure applied on the touch screen is saved.
• a database administrator is the only person with access to your personal data. That administrator is a public officer for accountability.
• the IP address of the database server is saved on the mobile device to make sure all subsequent messages originated from that server.

The above are part of a patentable system for a single sign-on site. The app will log you into Google, Gmail, MSN, etc with just a single finger press.

Mobile Application
The first iteration of this will be an iPhone app for the 5S, although backward compatibility will be a major goal. The app will likely be called "Fingerprint Touch"tm although other names are under consideration. Fingerprint Touchtm will be the first app you access on your phone. Press your finger and all your manual usernames and passwords will be centrally available. The server prototype framework is complete.

The design and detailed specs for Fingerprint Touchtm are complete.

Time to market
1. Finish the server-side application (1-2 weeks).
2. Develop the native application (4-6 weeks).
3. Create marketing materials (3-4 weeks).

Most likely within 7-8 weeks the Fingerprint Touchtm app for the iPhone would be available in the iPhone store. Android would be next.

Profits
Cost for the app will be free. Corporate partnerships and licensing will be the revenue. Also, the portal itself can be leveraged for advertising data. Going forward, security out of a spy novel might prevent identity theft forever.

Inventor & CEO
Andrew B Brown has a bachelor’s in Accounting from UT Austin with a focus on philosophy and astronomy. He is a self-taught software developer with over 15 years experience. Mr. Brown has designed and managed over 20 full life-cycle projects in many industries, including real estate, mortgage, accounting, legal, and health care.


Fingerprint Touchtm Finances
The “Single Sign-on” mobile app

Round 1 Financing
Hire Objective-C developer $15,000
Write the server-side database $25,000
Retain IP lawyer (trademark and patent) $10,000
Initial marketing (press release and materials) $7,000
Website (including graphics, server and database) $8,000
Administrative (filing fees, copies, subscriptions, etc.) $3,000
Total $68,000

Round 1 will result in an iPhone app for the 5S in the App Store. Time to market <2 months.

Round 2 Financing
International IP lawyer (trademark and patent) $100,000
Marketing team (10 at $100,000 salary) $1,000,000
Travel (hotel, transportation, per diem) $2,200,000
Airfare $300,000
Retain marketing firm $500,000
Expenses (wine & dine) $500,000
Membership and subscriptions $150,000
Website $10,000
Software development $800,000
Administrative (copies, phones, internet, utilities) $200,000
Office lease $400,000
Furniture and fixtures $200,000
Social media marketing $100,000
Salaries for administrative personnel $200,000
Salaries for management $500,000
Total $7,160,000

Round 2 will secure intellectual property globally. Marketing to phone manufacturers and software companies to integrate the Fingerprint Touchtm at major corporations while marketing to the end consumer for market share. Round 2 financing will provide funds for one year.

Round 3 Financing
TBD. This will include offices throughout the world for identity theft prevention and restoration, including secure paper backup and DNA testing. This is highly dependent on the partnerships built during Round 2 so cannot be estimated accurately. Round 3 financing might be generated through internal revenue (patent fees at the phone manufacturer level). A buyout during Round 2 is very possible.


Fingerprint Touchtm Screenshots
The “Single Sign-on” mobile app


This is a working application serving a secure image (chosen by the person) directly to the phone after a successful "finger press" logon. The server code is solid and the framework including database and most of the security is built along with the specs for native app development.







Fingerprint Touchtm FAQ
The “Single Sign-on” mobile app

The market?
All mobile phone users. Keeping track of all the usernames and passwords for various websites is the problem. The initial Fingerprint Touchtm app will consolidate them and auto log you in, if desired.

The competition?
The only perceived competition is the iPhone 5S, but that is largely due to a misunderstanding of the technology. The 5S does an excellent job of imaging the fingerprint, however, is insufficient for comparing a living person’s finger with the image. In other words, it can be faked pretty easily from several different angles. In contrast, Fingerprint Touchtm gives a tactile response that is remembered by the person as well as adding some security features not found anywhere. Going forward, version two will likely include adaptive response to the person's use.

The iPhone developers focused on detecting the image with sufficient granularity to pass any comparison test, however, did not adequately address the living being part when comparing. Fingerprint Touch works WITH the iPhone 5S technology. Not against.

Also, it is expected that Fingerprint Touch will be available on all phones with a basic touch screen.

The technology?
There are several approaches to detecting a human being actively pressing their finger on a touch screen:
1. One approach is reading the pressure exerted. This might not be available on all mobile devices.
2. A second approach is reading the pixels at the point that the phone responds.
3. A third approach is a timing mechanism combined with the image comparison. This is a clever approach and might be part of the final solution, however, not my first choice. It might be the base method chosen in the iPhone 5S.

The project is at a point where I need to hire an iPhone developer who understands hardware to make sure the algorithms I have designed are right. I have a number of plans, however, do not know some specifics in the LCD display to know which approach will work best. One of the approaches will, but that will require some technical discussions of very high detail.

Each approach will work by itself and it might be a combination of those approaches and a few other ideas that will be the final product. I kind of prefer the first approach at the moment, but might change my mind depending on the hardware interface available on each phone. This is a very low level API, and most developers have never even see that (a few game engine designers might be the exception).

In any case, the above has not been done before and can be patented. Gaining market share through a password consolidator opened with a fingerpress would be popular. Then the manufacturers will adopt the technology with a patent fee attached, of course.

Two other parts to the technology are the server IP and identifier included in every message. This leads into a discussion of an application framework or viewport that could be sold to developers to simplify their HTML5 development. Essentially it would be a generic way for an HTML5 developer to deploy to every device without concern for native functionality. This also includes total security, of course. That might be another way to gain market share and another product itself.

The other part of the technology is a database administrator in an officer position for accountability. This is a very important part.
 
You might want to look up Bloomberg's fingerprint login thingy and make sure you don't get slammed for "prior art." (I know it's not a phone login, but patents can be VERY broadly worded)
 
No one is going to invest in a proposal which only shows costs.


Wheres the revenue? what are the margins? Whats your CV 5 or 10+ years out? pro-forma ROIC?


$400k in office? 300k for airfare? lol what the fuck

DNA testing?? :D :D
 
0. The most important point about your pitch is that you've got to let me know what I can get from you - not even the revenue but what kind of security are you offering in return for financing? Have you thought of the legal costs of the offering documents? At $68,000 without expenses factored in for a startup lawyer, I presume the legal burden is on your investor. In that case, I'd rather find an investment where there is capacity for greater than $100,000 infusion, since paying $10,000 (ballpark) to draft a bridge loan of $68,000 for myself is silly.

1. As Eyez above, it would make better sense of the numbers if you forecasted the income and the breakeven point (I presume it's 1 year since you've only factored in 1 year of salaries for your marketing team).

2. What's your marketing team doing traveling at $602 per day per person for a whole year? :confused: Staying at Four Seasons and dining at Relais & Châteaux establishments? To market an iPhone app? I think it's great that you've factored in a lot of expenses for marketing as this will be a huge determinant of your success, but these numbers sound really bad.
 
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