readfy | Updates

By Frank Großklaus

How the readfy Launch Went

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Dear Companists,

What a week! Last Friday, 07 February, the launch of our beta version finally took place after an enormous run by users on 03 February – the originally planned launch date – caused a server overload.

Within only a few hours, approximately 2,000 test users registered on www.readfy.com, and they have already read more than 40,000 pages within a week. This Friday, we will active another 500 users; more will follow next week.

We received numerous first reviews of the app and were rewarded for the beta launch with good ratings and much interesting feedback, for which we are really grateful. Since the start of our campaign, the number of our Facebook fans has almost quadrupled; we are also receiving superb feedback on Facebook and Twitter (as shown).

We are completely thrilled by this run. Countless Companists immediately started using readfy, and we would be glad if many more followed.

Consequently, we are generating our first advertising revenues and are now able to refine the setup of the advertising formats and the frequency of the advertisements.

 

Moreover, because of your support, we received investments of more than 100,000 euros within the first 23 hours of the equity-based crowdfunding. After nine days, we have already reached 245,000 euros!

Reactions by Publishers

Numerous publishing houses, among them some of the largest in Germany, and other content providers have approached us of their own accord to start cooperation talks with us.

Fun Facts

As some interesting facts from our first week of testing show, our testers love fantasy & science fiction, crime fiction, and thrillers:

We wish to thank all Companists for their support and feedback. Try our service and recommend readfy to other people.

 

Best regards,

The readfy team



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Note

Investments in crowdfunding projects offer great opportunities, but they are risk investments. In the worst case, the entire investment amount may be lost. Consequently, these investments are unsuitable for retirement plans. However, there is no obligation to make further contributions. Investors can minimize their risk by splitting their investment amount between crowdfunding campaigns rather than investing all of it in one crowdfunding campaign. Professional investors often follow this strategy because it causes the risk to be distributed among several investments. In this way, successful investments can balance other less successful investments.

The shares of the Companists are subordinated profit-participating loans (partiarische Nachrangdarlehen). Such loans are shares in a business with similar characteristics as equity. If the company becomes insolvent or is liquidated, the claims of the Companists – just like those of all other shareholders of the company – will be satisfied from the assets in the insolvency or the assets in liquidation only after the claims of all other external creditors have been satisfied. Thus, Companists are treated like any other shareholder of the company during insolvency or liquidation proceedings.

The company information published on the Companisto website is provided solely by the companies. The projections made by the companies do not guarantee successful development of the company in the future. Consequently, crowdfunding investments are suitable only for those investors who can cope with the risk of a total loss of the capital invested. Investors make their own independent investment decisions and bear all risks themselves.

The investments are provided and issued by the individual companies. Companisto is neither the provider nor the issuer of the investments, but solely the internet service platform.

500,000 €

Invested

1357

Companists

33.33 %

Share Offered

Please note
The acquisition of this asset involves considerable risks and can lead to the complete loss of the assets used.

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