Thanks Currency Trader! Our thoughts exactly ;) The round is open until 11:59 PM PT on 10/31 (see republic.co/taxdrop). Let me know if you have any questions! Thanks again for your support!
Hi Kurt! No offense taken, TaxDrop is led by a team of relatively young individuals, such as myself for sure. However, it is this edge that also presents an advantage as our market is focused on individuals like us. Krishna (the other founding members) comes from a family of CPA and tax preparers, John himself was in accounting before switching into web development where he now specializes in encryption and TaxDrop security, and our advisor Andrew Hill is a Harvard/MIT graduate and HBS startup advisor. Thus, not everyone is only 2 years out from college, but I still believe everyone has a fresh take on this outdated system. :) More on the team at republic.co/taxdrop
Hi @[Barry Hochhauser](user:22285)! We have filed Form C with the SEC where our financials are attached. You can find them and more info on TaxDrop at republic.co/taxdrop. I must preface that TaxDrop has little activity to date due to our late release last tax season, so many metrics don't accurately reflect the company. However, our business plan forward and marketing efforts for next tax season more completely define our potential with reaching 3000 new users. Between partnering with NYC resident buildings where young professionals live and exposure on life-hack publications such as Business Insider, Buzzfeed, Mashable, we are aiming for a fantastic launch this spring. Happy to discuss if you have additional questions!
Hi @[Michael Molman](user:50272)! You can find more information on our company and business model on republic.co/taxdrop. We are currently crowdfunding and there's 4 days left to support us there! Also happy to answer any specific questions you have if you would like to drop a note
Thank you very much! TaxDrop is unique from existing solutions in that we are the first to market a consumer-focused automation solution to tax filing. Other competitors out there (Taxfyle, Visor, etc) are merely marketplaces or prettier portals for connecting with accountants.
Because of our team experience and unparalleled know-how, all future developments and innovation roll-outs will always make us the first to market. Any business on the outside could be seemingly easy to replicate, but as all business advice points out, without knowing the purpose of each deliberate step, viability is lost.
Hi Dan! Plaid is a banking company that aggregated all code for major banks like Wells Fargo, Chase, Bank of America, etc and conveniently designed Plaid code so that future apps (like TaxDrop) can then simply use Plaid's code to connect to banks. In other words, Plaid did the "hard work" in putting all banks into one. Big companies from TransferWise to Venmo (PayPal) are powered by Plaid, and TaxDrop will roll out with Plaid as a new feature on the app by the end of the year! You can see Plaid.com to learn more.
If you are interested in supporting TaxDrop, you can invest at republic.co/taxdrop :) Thank you!
Latest Comments
TaxDrop: Interview With Founder & CEO Alice Cheng
Thanks Currency Trader! Our thoughts exactly ;) The round is open until 11:59 PM PT on 10/31 (see republic.co/taxdrop). Let me know if you have any questions! Thanks again for your support!
TaxDrop: Interview With Founder & CEO Alice Cheng
Hi Kurt! No offense taken, TaxDrop is led by a team of relatively young individuals, such as myself for sure. However, it is this edge that also presents an advantage as our market is focused on individuals like us. Krishna (the other founding members) comes from a family of CPA and tax preparers, John himself was in accounting before switching into web development where he now specializes in encryption and TaxDrop security, and our advisor Andrew Hill is a Harvard/MIT graduate and HBS startup advisor. Thus, not everyone is only 2 years out from college, but I still believe everyone has a fresh take on this outdated system. :) More on the team at republic.co/taxdrop
TaxDrop: Interview With Founder & CEO Alice Cheng
Hi @[Barry Hochhauser](user:22285)! We have filed Form C with the SEC where our financials are attached. You can find them and more info on TaxDrop at republic.co/taxdrop. I must preface that TaxDrop has little activity to date due to our late release last tax season, so many metrics don't accurately reflect the company. However, our business plan forward and marketing efforts for next tax season more completely define our potential with reaching 3000 new users. Between partnering with NYC resident buildings where young professionals live and exposure on life-hack publications such as Business Insider, Buzzfeed, Mashable, we are aiming for a fantastic launch this spring. Happy to discuss if you have additional questions!
TaxDrop: Interview With Founder & CEO Alice Cheng
Hi @[Michael Molman](user:50272)! You can find more information on our company and business model on republic.co/taxdrop. We are currently crowdfunding and there's 4 days left to support us there! Also happy to answer any specific questions you have if you would like to drop a note
TaxDrop: Interview With Founder & CEO Alice Cheng
Thank you very much! TaxDrop is unique from existing solutions in that we are the first to market a consumer-focused automation solution to tax filing. Other competitors out there (Taxfyle, Visor, etc) are merely marketplaces or prettier portals for connecting with accountants. Because of our team experience and unparalleled know-how, all future developments and innovation roll-outs will always make us the first to market. Any business on the outside could be seemingly easy to replicate, but as all business advice points out, without knowing the purpose of each deliberate step, viability is lost.
TaxDrop: Interview With Founder & CEO Alice Cheng
@[Dan Jackson](user:11429)
TaxDrop: Interview With Founder & CEO Alice Cheng
@[Bill Johnson](user:14917)
TaxDrop: Interview With Founder & CEO Alice Cheng
@[Flat Broke](user:29387)
TaxDrop: Interview With Founder & CEO Alice Cheng
@[Angry Old Lady](user:7657)
TaxDrop: Interview With Founder & CEO Alice Cheng
Hi Dan! Plaid is a banking company that aggregated all code for major banks like Wells Fargo, Chase, Bank of America, etc and conveniently designed Plaid code so that future apps (like TaxDrop) can then simply use Plaid's code to connect to banks. In other words, Plaid did the "hard work" in putting all banks into one. Big companies from TransferWise to Venmo (PayPal) are powered by Plaid, and TaxDrop will roll out with Plaid as a new feature on the app by the end of the year! You can see Plaid.com to learn more.
If you are interested in supporting TaxDrop, you can invest at republic.co/taxdrop :) Thank you!