Michael Seibel

Soon - Reimburse your spending w/ crypto gains, powered by OpenAI

Backed by Y Combinator, Soon uses OpenAI to reimburse your daily spending with crypto gains. Soon is simple, stress-free, and fully automates portfolio selection, money transfers, buying, selling, and taxes. Soon can produce strong returns in any market.

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Brandon Christensen
I'm very very new to investing, let alone crypto. What is the minimum investment I would need as an individual app user?
Kevin Hammons
@brandon_christensen1 Great question. We recommend $50+/mo to make it beneficial. Your monthly deposit will be split into equal amounts for every day of the month, so you wanna have at least $1.50/day to be spread across the portfolio of cryptos
Michael Shattuck
@brandon_christensen1 Thank you for jumping in! Right now, the minimum investment is $50.
Jake Casas
Congrats on the launch, Aaron! Super cool to see you're YC backed. The best part of this product is the 12% average returns on investment positions ... in a down market! I was DOWN 15% in '22 lol. Great product and good luck with the launch.
Aaron Bylund
@jakecasas thanks! We made Soon for guys like you so hopefully you can get some growth even if the market is dropping. Please share your feedback with us when you get a chance to try the app!
Michael Shattuck
@jakecasas Thank you for the support! We're excited to bring this to the market!
Kevin Hammons
@jakecasas It is funny how that works; the same price can be a loss for some, while for others it's a great day to buy! Soon's strategy of consistently purchasing small amounts, while consistently taking the gains when they're available (e.g. not waiting for that one, big 'perfect' cash out day) is crafted to avoid the pain and heartache of those down market losses
Usama Ejaz
Congrats on the launch of Soon! Can't wait to see the amazing crypto returns it produces for users. #SoonAI #YCombinator
Aaron Bylund
@usamaejaz thank you so much! We are also excited to help people grow their wealth and make a contribution to improving their lifestyle in the near-term.
Michael Shattuck
@usamaejaz Thank you! This is something we're passionate about, and we're excited to announce the launch!
Kevin Hammons
@usamaejaz Thanks! We love seeing it too! Especially when we hear the stories of what people gains are going toward. It's really fun hearing we're helping people pay for college, go on a 2nd honeymoon, or upgrade their gaming PC!
Muhammad Sarmad Hafeez
Congratulations on the launch of Soon! I'm excited to see how it changes how we use crypto gains to reimburse our daily spending.
Bruno Jacobs
Congrats team! Love how easy you're making it for folks to enter the crypto space.
Aaron Bylund
@bruno_jacobs1 thank you, that's our goal! Investing in crypto should be approachable to anyone, no matter their financial background or experience.
Michael Shattuck
@bruno_jacobs1 We appreciate the support! Thank you!
Kevin Hammons
@bruno_jacobs1 Most people don't have wealth managers and endless hours to focus on their investments. But with Soon, people who've never bought crypto can benefit from Soon's best-practices investment automation Additionally, experienced investors can establish a responsible crypto strategy to compliment their other investment activities. Those that've been around the block a few times will recognize many of our foundational strategies as sound investment practices for sustained gains
Artem Fedoskin
How do you use AI here?
Michael Shattuck
@fedoskin Thank you for the question! Currently, we're using AI to create a tailored liquidation trigger plan based on your deposit amount and spending habits. This helps us determine the optimal times and frequency to check for investment gains, and when gains are available, we'll liquidate up to the planned amount, making the proceeds accessible to you as cash. We're also exploring additional ways to leverage AI, such as delivering personalized financial education, goal setting/tracking, and further personalization of the investment portfolio. Our aim is to harness the power of AI to make investing simpler and more effective for our users.
Kevin Hammons
@fedoskin Soon uses OpenAI, combined with anonymized crowdsource spending activity, to determine the following: • how much crypto to sell at a time • when to attempt to sell • how often to attempt to sell Soon can also personalize the AI by training it on your personal spending activity OpenAI has been used in other areas, and will continue to be offered as options in more areas of our app
HUSSAIN AHMED
Congrats on the launch!
Aaron Bylund
@hussain_ahmed3 thank you!!!
Michael Shattuck
@hussain_ahmed3 Thank you for the support!
Kevin Hammons
@hussain_ahmed3 Thank you! It's been very encouraging to receive all the support!
ranjeet ks
good
Aaron Bylund
@ranjeet_ks2 thanks!
Michael Shattuck
@ranjeet_ks2 Thank you for the support!
Kevin Hammons
@ranjeet_ks2 We appreciate the positive feedback
Jenny Dinh
Looks as very useful tool. Congrats on the launch!
Aaron Bylund
@thatjenster thank you!
Michael Shattuck
@thatjenster Much appreciated!
Kevin Hammons
@thatjenster It is! Our goal was to make it easy enough for the least tech-savvy person to use, and automate the best practices of the most experienced investors, to make it accessible to everyone! We'd love to hear more feedback from you as you dive further into it!
Anna Fee
Congrats team soon! I can definitely relate to not wanting to deal with the complexities around crypto. And love the tax stash concept!
Michael Shattuck
@anna_fee Thank you! We're glad you can relate to it. We set out to make investing easier and more accessible. Feel free to reach out if you have any questions or feedback!
Kevin Hammons
@anna_fee Thanks Anna! Taxes are one of the scariest concepts for new crypto investors. Thus far we've been overwhelmed by how much our users appreciate Tax Stash, and the peace of mind it brings knowing you've got what you need come tax day