Validide Corporation Pitch Deck 20210617

Ex ec utiv e Su mm ary
Founding Team
Gordon Jones, DrHA
Erica Barnette
Seth McGaugh
Josiah Umezurike
Spencer Whetstone
Founding Advisors
Dirk Brown
Lee MacIlwinen
Anthony Halvatzis
Nicole Spracale
Neil Edwards
Graduate of StartupWind
Accelerator
Accepted into the South
Carolina Research
Authority’s Startup
Launch Program
McNair Institute for
Entrepreneurship & Free
Enterprise
GrowCo
High Impact Economic
Development Initiative for
Columbia
FUNDING TO DATE:
Bootstrap
$18,000
Friends & Family
$85,000
SCRA Grants
$25,000
Follow on Grants up
to $100,000
For investment
discussions, contact
Dr. Gordon Jones
Gordon@Validide.com
803-634-6268
Led by Dr. Gordon Jones, serial
entrepreneur, expert in healthtech,
blockchain, & international standards of
immutable Verifiable Credentials (VCs) for
Identity, and Adj. Professor of Blockchain
in Information Sciences at the University of
South Carolina, Validide leverages
advanced emerging technologies such as
AI, HI, cryptography, and blockchain to
provide individuals with a decentralized
cryptographic digital wallet system for
daily use.
Industry Overview
Overall Identity Management is a
• $24 billion Total Addressable Market
• $15 billion ID Serviceable Market
• $5 billion ID Attainable Market
• Industry is Focused is on the Corporate
Client, not the Individual
• Ripe for M&A, SPAC, or Rollup
Marketing & Sales Operations
• Three Channels of Revenue
• Fee for Service and Subscription
• Exposure Based Growth Model
• Performance Based Sales Model
Validide is advancing the worldwide trend for Self-Sovereign Identity and the decentralized
control of Personal Identity Information by the Individual. Validide enables people to move
their identity from the physical and centralized world to today’s advanced digital world, both
safely and securely.
Use Cases
• Age Verification
• Employment Verification
• Education Validation
• Know Your Customer (KYC)
• COVID Status / Vaccine Verification
• Secure Messaging
• Peer to Peer Payments
• State Driver’s Status
• Voter Registration
• Much More
Funding Stages Open & Future
• $25K of $125,000 Grant Potential
• $85K of $210,000 Friends & Family (20% Disc)
• $5 Million Convertible Note
• Follow-on Series
Leveraging the cryptographic encryption
patents of our CTO, Josiah Umezurike, and
his company, LokDon, as our development
partner, Validide verifies your information
based on the strength of a collection of
evidence to convert the information into VCs
so you may share your Personal Identity
Information when validated data is required.

I thought you may enjoy a bit of my song, Blockchain Movement that we produced back in
2018 to celebrate the successes of the blockchain world at the time. I also use the full song
as a teaching tool for my students. As we speak about our startup, Validide, you will
understand the power of blockchain and artificial intelligence that we leverage so that you
can Be Future Proof by Owning your Identity.
1

All Rights Reserve © Validide ™ 2
Due to COVID, nearly every aspect of life is shifting to digital.
2

Just last week, the EU presented the future adoption of open standards for holding
government credentials for identity such as driver’s licenses and passports. This will allow
any EU Validide customer to be able to hold their official EU member government
credentials in their Validide Wallet.
3

Apple has not only given their iOS users more control over the sharing of their data with
other apps; but they are working to open their wallet to government credentials such as
state ID and driver’s licenses. This is great for Validide because Apple will use their strength
and money to open the highly controlling state DMVs so Apply users can hold their ID, but
and once they do, Validide plays our personal data and consent card to require the DMV
also share our members’ DMV records with the respective individual’s Validide Wallet. You
gotta love when you can piggy back off the big boys’ work!
4

We all know today’s world is centralized and hackable. One of the first items you received
upon birth was a government issued Social Security Number as a form of identification that
has followed you throughout your life. It is now the bane of your identity, and the number
one item hackers search for. It is also on an average of 100 databases from the credit
bureaus, doctors' offices, to former employers, schools, and banks. No one purges this
stuff. In 2020 alone, 49 million US citizens fell victim to Identity Fraud and cost them and
the corporations around $56 Billion. And following on the words of Benjamin Franklin;
nothing is certain in America today but Death, Taxes, and now Hacks.
5

What if we could put control of your identity in your hands making it virtually impossible to
hack for your data so you can dictate how much personal information you share when you
want to?
6

Validide is helping people move their identity from the physical and centralized world to
today’s advanced digital world, both safely and securely. As a matter of fact, when I was
teaching blockchain at USC last semester, my student Erica Barnette, who is now a co-
founder of Validide, brought up a scary scenario that immediately made me think of my
own daughter’s security.
7

Imagine this is your daughter and she is being carded by the bartender.
When she hands over her State ID, she is giving away more information than he needs to
serve her.
He doesn’t need to know her name, her home address, or even her actual birth date. All he
needs is proof she is over 21. Now, this is both a personal safety issue AND an identity theft
issue. This is the essence of Validide, prove your identity without sharing TOO much of your
personal information and keep the rest securely locked away in your digital wallet.
8

Verifier
Validide
Customer submits info
for verification
Holder
Institutions
send their
issued
Credential
to Validide
Issuer
3
Validide converts credential into an
immutable Verifiable Credential (VC)
Customer shares
PII as a Trusted
VC as needed
Receiver
Validide Burns the PII
(deletes) from our Servers so
there is no “Honey Pot” for Hackers
All records are
stored in the
Wallet, no PII
is Stored at
Validide
The first thing you do as our customer, is scan the front and back of your State ID. Then to
prove it is you, our AI asks you to take a live selfie and compares that image with the one
on your State ID.
This launches your Validide account. From here you can request that we verify any aspect
of issued information you wish to carry in your Validide Wallet.
We take that request and reach out to the issuers of that information such as education,
work history, a gov’t agency, or even health information you may wish to use in your wallet.
The issuer verifies the information and sends us the credential.
We then convert those credentials into what are called Verifiable Credentials which are
encrypted, secured and made immutable or unchangeable.
A major component our security protocols is what we call “Burn the PII”, in other words,
we delete all your personal information off our servers so that we are not liable for creating
a “Honey Pot” of personal data for hackers to target.
Now, you are free to share your personal information and the receiver can trust that
information without hiring a third-party middleman to validate it on their behalf.
9

As the world shifts to Individual Control of our personal information, everyone will have a
digital identity wallet so they can control the sharing of their personal data in everything
they do in life.
Your digital wallet could be connected to a central system like Google, Apple or Facebook…
10

or it can be independent and decentralized!
So, the question you’ll need to ask yourself is… WHO OWNS YOUR WALLET?
11

Spencer Whetstone
Node Ops & Wallet Development;
Early member of Horizen,
Community Development and
Customer Experience
Erica Barnette
Co-founder & Vice President
USC Senior in
Information Sciences
Major - Information Technology
& Digital Media
Seth McGaugh
Co-founder & Vice President
USC Alumni – International
Business & Finance,
Financial Modeling,
Product Development
Anthony Halvatzis
Managing Director at
Blockchan121
Recruiter of the Best Tech
Minds for Validide
William Whatley
Co-founder & Chief
Architect
of IDJoey
& Hempliance
Gordon Jones DrHA
Co-founder & CEO
USC Adj Prof. Information Sciences
30 years of HealthTech, Peer
Reviewer - Blockchain in Healthcare
Journal, Author of UHX and
“Blockchain Movement”
Josiah UmezurikeTO
Acting CTO
CEO & Chief Security Architect
of LokDon, Multi - Cyber
Security Patent Holder
Hello, my name is Gordon Jones, and I am a co-founder and CEO of Validide. I am a PhD
experienced in many emerging tech and startup projects. I served two tours with the 82nd
Airborne Division. I have participated in three exits over my career, and I have been
involved with cryptocurrency and blockchain since 2013 where I now teach blockchain at
University of SC. I am also co-founder of PalmettoChain which is our 501c3 non-profit has
been educating legislatures, commissioners, and statewide professional associations on the
benefits of blockchain. I have been working on Validide fulltime since we first came up with
the idea back in October. I expect Validide to be my life’s biggest venture, with the
exception of my family of course.
Validide is a startup by USC alumni including my co-founders Erica Barnette and Seth
McGaugh.
Erica was my best student last semester. She is a well recognized student leader at USC,
and an Award Winner for Leadership in information sciences who is graduating in about a
week… we expect as magna cum laud. She has been envisioning owning her own tech
startup since she was a freshman.
Seth was a runner-up in the finals of the McNair Institute/SC Blockchain Challenge last Fall
where I met him. His idea is to build a supply chain solution for organic farming on the
blockchain. I asked him to put that on hold for now and join us in Validide.
Our acting CTO is Josiah Umezurike who holds three patents in cryptography and
encryption; he and his firm LokDon is building our wallet as we speak. Spencer, Will, and
Tony are all highly experience experts in their fields, and early builders and scalers of
blockchain solutions.
12

Nahom Wosenu
Software Engineer
Samuel Lwuchukwu
Software Engineer
Alend Jarjis
Project Manager
Emmanuel Elikwu
Web Dev &
Graphics Designer
Dheeraj Singh
Graphic & Video Content
Jahswill Ovedhe
Backend Dev
Kenneth Otoro
Desktop Dev
Princewill Okafor
Fullstack Developer
Ezekiel Benjamin Kyel
React Native
Developer
Under the management of Josiah, our CTO, are the LokDon developers building our wallet
and management system.
13

Nicole Spracale
Human Resources Advisor,
Certified HR Professional,
Mentor in the StartupWind
Accelerator
Dirk Brown, PhD
McNair Institute for
Entrepreneurship and
Free Enterprise,
StartupWind Accelerator
Gerald Dwyer, PhD
Clemson University,
Professor of Economics;
BB&T Professor; teaches
blockchain at Clemson
Russell Head
Founder & CEO
Head Capital
Advisors,
Employee Benefits
Sheriff Leon Lott
Richland County South
Carolina Sheriff & Law
Enforcement Advisor
Joe Milam
Reginal President of
CFONOW and one of
the Co-founders of
NEXT in Greenville
James Gardner
Northeastern University,
Faculty Lead for Capstone
Program; and Senior Staff at
StudioNorth marketing agency
Neil Grayson
Nelson Mullins Law
Firm Practice Lead
on FinTech
Our advisors are also highly experienced and knowledgeable about startups, technology,
human resources, marketing, and running tech businesses. You all know Dr. Dirk Brown of
the McNair Institute for Entrepreneurship and Free Enterprise. He was our sponsor in
StartupWind, the Silicon Valley virtual incubator that partners with universities across the
country. Validide was chosen as on of six companies out of 100s of startups to be a
member of their first Accelerator Cohort. We just graduated last Friday. The others bring
their expertise, and we talk with them regularly. I have also started reaching out to my
Citadel network to find backers and bankers who can help get Validide launched. One who I
have invited as an advisor and investor is the CFO of a publicly traded company and several
large raises.
14

All Rights Reserve © Validide ™
Economic
Students
Technology
Marketing
Financial
Legal
15
CEO of Local Choice Brands
Sales Director at Immedion
Ingrid Vasiliu-Feltes, MD,MBA
Pixie Paula Dezzutti
Tommy Crutchfield
Lori Souza, MBA
Dennis Fassuliotis
Exec Director of PalmettoChain
Women in Fintech
Chief Ethics Officer GBA
Denise Tayloe
CEO of PRIVO Child Protection
Erin Curtis
Program Director, GrowCo
Mark Driver
SC Blockchain Incubator
Daniel Andrews
Network in Action
Sergio Aparicio
City of Columbia EcoDev
Giacomo Arcaro
Co-founder of Blackchain
Eloisa Marchesoni
Co-founder of Blackchain
Ken Benbow
Investor, IDJoey, Hempliance
Rick Levin
Nelson Mullins
Brad Rustin
Nelson Mullins
Mason Gregory
Nelson Mullins
Travis Nichols
Hire Dynamics
Becky Robertson
Atlantic Union Bank AML
Bill Raczka
CFONOW
John Leighton
South State Bank
Michael Boyd
Riley Hughes
Trinsic SSI
Trinsic Full Stack SSI
Naveen Karamchetti
IDJoey, iAutoSell, Hempliance
Nathan Murphy
Dave Mecteaux
Kenneth Ridgell
Ridge Media
Sarah Tate
Ridge Media
Bain Stewart
Videographer
David Garrison
Web Design
Sara Himebauch
USC Public Relations
Olivia Clark
USC Masters in International Bus
Emeka Okonkwo
Keith Kin Tak To
Karthik Sreedhar
IE Business School
UCBerkeley
Neeraj Singh
HKBU Business School
HKBU Business School
AJ Bodell
USC Int Bus & Chinese Enterprise
Misha Lubich
UCBerkeley
Jay Chernkwan Panha
Social Media & Content
Ravi Kiran Rao
Digital Media Management
Shri Rathi
Digital Media & SEO
Yue “Elle” Wu
Digital Media Management
We also have a robust and growing community around Validide that includes volunteers,
advisors, consultants, and university students across SC and around the world who all
believe in our cause.
15

LinkedIn Survey
438 Completed
42% Will Pay
7% <$100
26% $100
3% $125
4% $150
2% $250
Customer Discovery
Process Since Oct.
Competitive Analysis
Started Building the
Trust Community









To validate our idea, we started our research and customer discovery process in October of
last year. I have spent much of my personal time researching and talking to my network
while Erica’s research for her course project last semester directly benefited Validide.
We have been hitting the national network of 1 Million Cups Communities conducting over
10 presentations so far with great feedback that has helped us tweak our idea and grow
our opportunity.
We also conducted a survey on LinkedIn focused solely on the benefits of a verified
LinkedIn Profile where 400 people completed the survey with 42% indicating they would
pay for such a basic service. We have plans for a more in-depth survey specific to the
benefits they see in a decentralized cryptographic identity wallet system.
16

~$24.7B
The identity management industry we are targeting is rapidly expanding to a 24 Billion
Dollar Addressable Market.
17

~$15B
~$24.7B
Of that, the identity security sector is a 15 billion dollar Serviceable Market
18

~$5B
~$15B
~$24.7B
and our Attainable Market is Identity Verification where over 500 million background
screenings were conducted in the US last year and that expected to increase dramatically
as we rehire employees after COVID. US financial institutions also spent $528 million
dollars on “Know Your Customer” requirements.
19

All Rights Reserve © Validide ™ Pending 20
We do have competitors who are on a similar mission in this emerging field of serving the
individual with decentralized identity services as illustrated by the group in the upper right.
But, in order to serve the ultimate 7.5 billion people on earth, we will need a 1,000 more.
The other three segments are support rolls to the Validide business model focused on
transactional corporate services or platforms to enable the emerging market of Self
Sovereign Identity.
Validide’s intellectual property is in the utility of our processes of which we are defining IP;
But our Secret Sauce is our hyper focus on individual customer service! We tell everybody,
most of our competitors think 90% tech and 10% customer service; Validide is the exact
opposite – we are 10% about the tech 90% solely and wholly focused on the customer
experience, making them happy so they will be a customer for life.
20

All Rights Reserve © ValidIDe ™ 21
2 2
Our primary revenues come from employers who are already paying for background
screening, and other receivers who will pay us on a transactional basis such as restaurants
and stadiums.
Individual customers will also pay as they learn the benefits of having a Validide Wallet in
their every day lives; and
Finally, as the issuers of credentials see the cost savings of providing Verifiable Credentials,
they will pay us to convert that information for them.
21

Our proforma numbers are straight forward and more transactional in the beginning
22

24
421,000
1,000,000
1,500,000
the $46 million in annual net revenue by end of year 4 is based on acquiring only 421,000
individual wallet holders. This is highly attainable,
our expectation is that we will actually earn the trust of over 1,000,000 customers in that
same period;
And our Stretch Goal is 1.5 million customers which will bring us deep into 9 digitals of
revenue and values the company a Unicorn.
24

SC University Seniors = 50,000
College Town Residents = 1.5 million
SC Employees = ~2.5 million
Duplicate State by State across USA
Leverage LinkedIn’s 675 Million Users
LinkedIn is our primary online market because that is
where both professional and corporate identity fraud
and abuse is happening directed at individuals.
We are building Local to grow Global - organically. We want South Carolina to be the first
state in the nation to scale its citizens’ use of decentralized digital identity services.
Once we build and prove the model works for South Carolina, we expect to grow and scale
other states and internationally.
We can also market directly on LinkedIn as these people and companies are our primary
target demographic.
25

33% 33%
33%



We’ve designed our share pools to narrow the founders’ holdings;
so as a Benefit Corporation, we can share the company with our employees;
with an equal outside investor pool.
We have filed a Form D with the SEC letting them know that we are raising funds from
Friends & Family with a 20% discount off the $1.00 share price through a SAFE agreement
where we have raise $85,000.
We were recently accepted in the South Carolina Research Authority fold with a $25,000
project development grant where we can apply for two more follow on grants totaling
another $100,000.
Next, we will purse angel and accredited investor funding, to include the SCRA’s first
tranche of equity funding to come into the mix.
We will then extend that raise on to a convertible note, Reg A or D.
We will eventually have raised $5 million and that is all we’ll need to get through the first
two years.
From there the tech will be deployed and stable, and our user experience will be ready for
scaling the company where we may need more investment for marketing and further
product development.
26

So as you think about “WHO OWNS YOUR WALLET?”;
Know that Validide helps you move all your life’s credentials from your physical and
centralized world to the security of a decentralized digital one.
27

We want you to Be Future Proof by Owning your Identity
So, join us in the Validide Trust Community.
Thank for your interest in Validide and we welcome all feedback and advise.
Questions?
For investment discussions, please contact me directly at:
Gordon@validide.com or 803-634-6268
Most Sincerely,
Dr. Gordon Jones
Be Future Proof / Own Your Identity
About Me LinkedIn Profile
The Charity we support is Apparo Academy
Schedule Time with me on Calendly
Watch our Videos
28

Validide Corporation Pitch Deck 20210617

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Validide Corporation Pitch Deck 20210617