Gilgal General on WeFunder | Deal Memo

Jun 4, 2021 2 min read
Invest in Gilgal General, Inc.: Building the next great American electronic trading exchange marketplace-NASDAQ | Wefunder
Building the next great American electronic trading exchange marketplace-NASDAQ

Company Overview

Problem Addressed: Annuity contracts are sold manually by brokers & investment advisers to retirees on behalf of insurance companies. Retirees buy annuities and pay large commission fees (5-10% commissions) to the brokers & investment advisers, who are hired by insurance companies.

The Product: Gilgal General is building the world first annuity contracts trading exchange marketplace-an electronic trading exchange (like NASDAQ). A trading exchange platform that will unite buyers & sellers of annuity contracts (insurance companies & retirees) in one central trading marketplace. The company is working to make annuity contracts market-traded contracts and eliminate commission fees for retirees.

Deal Terms

  • Security: SAFE
  • Valuation Cap: $9,500,000
  • Min. Investment: $250

(Data as of June 2021.)

Gilgal General: WeFunder Campaign Highlights

  • $225B annual annuity sales per year. Market that is ripe for technological innovation & disruption.
  • 8 US insurance companies have already agreed to be part of the electronic trading exchange platform
  • 4 year contract agreement/partnership with ICE - InterContinental Exchange for market data share.
  • Buy & sell exchange-traded annuity contracts: NO commissions, NO surrender charges.
  • Founder brings 21 years of deep Wall Street trading background at Deutsche Bank, UBS, BofA, RBC.
  • Founding team worked together in bond trading at RBC Capital Markets for 5.5 years.
  • Big market: $2.13T US annuity contracts outstanding. PLUS $20B in annual US pension annuity sales.

Did I Invest In Gilgal General?

I’m still in the process of writing a full deal report and decide whether or not I will invest in Gilgal General on WeFunder. At Angel Notes, I review 100+ pitches on 10+ platforms every month and send a detailed report every Saturday to subscribers of the Angel Notes newsletter (you can join through the form below). See you soon!

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