Concerns of a GenesisAI Investor

In February 2020, I invested in GenesisAI believing the CEO when he stated the company was weeks away from launching and on track to reach $500k of revenue by April. More than three years later, it appears the company is still not generating revenue from its software and is now raising yet another round of funding, this time at an unfathomable $204 million valuation.

While I want and wish GenesisAI would grow into and exceed its valuation, the company has done little to squash the appearance of having a business model that only raises money from unsophisticated investors so the CEO can pay himself a generous salary.

I want to point out, what are in my opinion, so many red flags that this cannot be anything but a major scam, so investors can make a more informed decision before losing their money in the company’s current fundraising campaign.

In addition, I detail using simple math, why investing in pre-revenue companies valued at $204 million is a sure way to lose money. 

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