Key Takeaways
- • Cyrannus, based in Columbus, Ohio, launched a venture polling platform that uses the collective intelligence of 1,000+ industry experts to evaluate early-stage equities and operate a prediction market for accredited investors, according to a Business Wire press release dated November 19, 2024.
- • The company says it has more than $100 million in assets under influence and plans to directly fund 200+ startups annually, with top-scored startups receiving immediate funding from its assets under influence.
- • Cyrannus claims its rankings allow investors to build portfolios with a 4% likelihood of unicorns, versus a 1% industry average; these figures are company claims and have not been independently verified.
- • The platform offers investors a $10K minimum check size, liquidity via private market swaps, and planned features including investor access and expert ability to use credits to buy startup equity.
- • The Cyrannus app is available now on iOS and Android, with several platform enhancements slated to go live in coming months.
Summary
Founder and CEO Howard Lee Mosbacker, PhD, argued that the venture landscape suffers from illiquidity, with funds typically locked up for 10 to 15 years, and that venture investing struggles to keep pace with fast-moving technology trends. Cyrannus positions its platform as offering liquidity through private market swaps, more agile investment strategies and reduced exposure to hype and fraud. According to the release, the platform ranks startups by their probability of success, with the highest-rated companies receiving immediate funding while other high-scoring startups are syndicated to investors on the platform.
The company features include rapid expert feedback for founders, a $10K check size for investors, and a "Newsroom" content feature. Cyrannus also states that its polling market and investment-readiness rankings enable portfolios with a 4% likelihood of unicorns, compared with a 1% industry average. The release does not provide supporting methodology or third-party validation for this figure. Chief Marketing Officer Vanessa Mosbacker said the company was built to address shortcomings in the venture ecosystem.
Several enhancements are slated for coming months, including broader investor access, private market swap liquidity, and the ability for experts to use credits to buy equity in startups. The Cyrannus app is currently available on Apple iOS and Android, and further information is available at cyrannus.io.
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