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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Amy B
😹 LOL
This is incredibly clever. I like how straightforward it is. This is exactly what my investment manager does for my stock portfolio, but I have to pay them 😂 100% using this for my crypto now (lemme know if you ever do stocks too!)
Aaron Bylund
@amy_b_pm we definitely may include stocks in the future as they would do really well in our product! Glad we can replace the work your investment manager is doing. But we love those guys as well so hopefully you can use Soon and still allow him to keep his job! 😊
Amy B
@abylund haha don't worry, I'm not firing em (yet 😂). They're great with stocks, but I just wouldn't trust them to know which cryptos are best (they don't seem to trust themselves on crypto either tbh). But their recommendation for me was buy small, consistent amounts on my own and to take a cut of the gains semi often so I don't end up with too many eggs in one basket. Basically, they were telling me to do what you guys do 🤣
Michael Shattuck
@abylund @amy_b_pm Ha! I love hearing that they recommended the same things. We definitely have stocks in mind for the future. Thank you for the support!
Aaron Bylund
@amy_b_pm yes! They are smart people. Tell them about Soon and have them give us a call. We'd be happy to help them with all their clients. 💪
Allyson Bylund
We love Soon! Making crypto investing easy!
Kevin Hammons
@allyson_bylund Thanks Allyson! We appreciate all the support!
Michael Shattuck
@allyson_bylund Glad you like it!
Bren Kinfa 💎 SaaS Gems
Grats on the launch! What banks are currently accepted? Open to Canadians or U.S. only for now?
Michael Shattuck
@saasdesigner Thank you for the support! We're currently launching in the U.S. We're actively exploring expansion into other markets, and Canada is definitely on the radar.
Vladimir Vashnev
The product looks very promising, congrats on the launch! Couple of questions. 1. What kind of trading algorithm are you using? Does it go short to USDC when the market is going down? 2. Can you provide a chart with historic returns? @abylund
Michael Shattuck
@abylund @vladimir_vashnev Thank you for your interest in Soon! We actually don't rely on a traditional trading algorithm to predict market movements or make decisions on going short. Instead, Soon uses a unique, automated cash flow investing strategy that combines several investment principles, including dollar-cost averaging and portfolio diversification. We then use liquidation triggers, such as your own spending activity, to check if you have available gains. If you do, Soon sells your highest gains to cover the transaction. This enables you to take advantage of short-term volatility. During the beta, our users saw 12% returns on liquidated investment positions. We ran the beta from June to December last year. If you have any more questions or need further clarification, don't hesitate to reach out. We're here to help!
Alyse Shattuck
Thia looks awesome. How functional is it for someone like me - Not really much disposable income and not very knowledgeable? How would I get started?
Kevin Hammons
@alyse_shattuck it's pretty easy; users determine their own budget for investing, and Soon helps take care of the rest. Soon will spread your monthly budget across every day of the month, buy multiple cryptos each day, track them all for you, and continually attempt to sell them at a gain throughout the month. You can choose to have your gains reinvested, or sent back to your checking account automatically
Aaron Bylund
@alyse_shattuck you can get started with as little as $50 a month. The good news is the average investment positions gets sold within 16 days, so that means money will be flowing back into your account quickly. With quick liquidity, it may make it a little easier to feed some discretionary income into Soon.
Banjo de Iyowun
Awesome, Aaron!
Aaron Bylund
@banjo_de_iyowun thank you! It's been a labor of love and it's exciting to see our product helping people to grow their wealth and accomplish life goals faster.
Banjo de Iyowun
@abylund I'm a huge fan of amazing subscription-based startups that actually solve real problems for the end users. Kindly let me know if you guys are looking for an equity-free & debt-free funding round of up to $50 million.
Aaron Bylund
@banjo_de_iyowun that sounds like a startup's dream! Are these grants? Happy to learn more of course.
Banjo de Iyowun
@abylund It's no grants. We're launching a subscription exchange, where early-stage founders can list their startups so customers can buy and sell their subscriptions either during or after the Initial Subscription Offering (ISO) of the startup companies. Think of doing an IPO on Nasdaq, but instead of shares, it's subscriptions. The only cost is a refundable listing fee and a small % of the ISO proceed. I'd love to share more but at the same time, I don't want to sound like a used car dealer.
Aaron Bylund
@banjo_de_iyowun happy to learn more. Can you connect with me on LinkedIn?
Matthieubrg
Hi this looks really interesting! Unfortunately only available in the US? Can't I just transfer crypto to the app? Also, why link it to daily spends? Me buying a loaf of bread surely isn't the best "sell" signal out there. Is it possible to use it as a trading bot by providing funds and letting it trade, reinvesting profits?
Aaron Bylund
@matthieu_baillarge we are available in the US first and plan to expand eventually to other regions. Gotta start somewhere! You can't transfer crypto into the app yet, but we plan to add that feature in the future. There are multiple reasons we link to daily spend. One reason is because it allows you to exit positions without needing to track the market...so no speculating. Our customers love it! Another reason is because we have actually found out that it really is a good sell signal. Even though some transactions may be smaller, and the amount you earn may be small, some will be larger and over time by consistently selling gains when you spend, it adds up and from our data the returns are strong. As far as using it as a trading bot, Soon does have the option to manually configure your own trading criteria. We hope you'll give it a try and tell us what you think!
Lacy B
Congratulations on the launch! This is such an interesting product. I am ready to sign up!
Aaron Bylund
Thanks @lacy_b, we are ready for you to sign up too! 😄 It would be our pleasure to serve you.