Are your kids safe?
Sorry to tell you — but if they spend any time online, the answer is no.
You see, the Internet can be downright dangerous. In addition to cyber attacks and computer viruses, it exposes kids to a mountain of inappropriate and obscene content.
It’s gotten so bad that former Facebook President Sean Parker recently said, “God only knows what [the Internet] is doing to our children’s brains.”
Even worse, kids have become Internet addicts — on average, they spend 8 hours a day online.
But a new technology start-up has created a solution to this problem…
And as you’re about to learn, it’s also created an intriguing investment opportunity.
Tearing Apart the Family
According to GuardChild, a website dedicated to protecting kids online, 70% of children have reported encountering inappropriate content online, and 88% of parents are concerned about their kids’ activities online.
Meanwhile, according to a survey by the American Psychological Association, 58% of parents feel their child is “attached” or addicted to their phone or tablet, and 48% said regulating their child’s screen time is a “constant battle.”
But a new start-up has created a solution to this problem…
The start-up I’m referring to is called Gryphon.
Gryphon is an online security system for families — or, as the company describes itself, a “digital gatekeeper for the modern family.”
Its system provides two main benefits:
First, thanks to the strength of its wireless security network, Gryphon provides constant protection against cyber intrusions — from cyber attacks to online viruses.
And second, by using its easy-to-use mobile app, parents can manage Internet access and “screen time” for each of their children, and set restrictions to ensure safe browsing.
(Gryphon even provides a proprietary “CrowdRanking” feature to automatically determine whether a particular website is appropriate for kids.)
Furthermore, Gryphon’s “AlwaysHome” technology enables your family to safely use their Internet-connected devices even when they’re away from home.
These are significant benefits and features — and they’ve started attracting attention…
Progress to Date
About a year ago, Gryphon ran a crowdfunding campaign on Kickstarter — and it quickly received hundreds of “pre-orders” for its patent-pending product.
Based on the significant demand it attracted, Gryphon was able to sign on major technology companies including Qualcomm to manufacture a commercial version of its product.
Now the company is getting ready to launch publicly…
Which is why it’s seeking to raise $900,000 from investors like you…
Pros and Cons of an Investment
The valuation for the funding round is $7.5 million, and the minimum investment is $100.
Should you consider investing?
Let’s take a look at a few of the pros and cons.
On the “plus” side:
Cyber Security M&A is Booming — Last year, more than 100 cyber-security start-ups were acquired. Among the deals were CA Technologies’ acquisition of cloud-based security company Veracode for $614 million; Open Text’s $222 million purchase of Guidance Software; and Sophos’ $100 million deal for Invincea, a threat detection software start-up.
Strong Team — CEO John Wu was the co-creator of the very first Mi-Fi mobile hotspot, which Time Magazine called one of the top gadgets of the century. And Co-Founder Arup Bhattacharya was the developer of a unique media chip used in Apple iPods.
Predictable Ongoing Revenues — Pricing for a Gryphon is $249, which includes the technology device itself, and one year of service. After one year, Gryphon charges its customers $10 per month. This pricing strategy will help ensure a steady stream of revenue.
On the “con” side, however:
Launch Risk — Gryphon still hasn’t launched its product commercially, so we can’t be sure if there will be issues like “bugs” or shipping delays.
Hardware is Risky — Companies like Gryphon that build physical devices have higher operating costs than software companies. Hardware companies can be successful, but statistically speaking, higher costs correlate to a higher risk of going out of business.
Competition — Existing apps like Nischint, mSpy and Watchover allow parents to monitor their children’s activity online. However, Gryphon is setting itself apart by combining robust monitoring abilities with powerful Internet security and simple set-up.
To learn more about Gryphon and its funding round, click here »
Please note: Crowdability has no relationship with Gryphon, or with any of the platforms or companies we write about. Crowdability is an independent provider of education, information and research on start-ups and alternative investments.