Well, by a matter of faith, I was born in Silicon Valley, so I was raised in Silicon Valley. I benefited from all the companies in Silicon Valley. At time I was raised here, there were a lot of electronic companies, intel and others were just starting out. There was a lot way for manufacturing, a lot of silicon and personal computer activity, and with all these companies, money spills out to the various schools. There are a lot of clubs that were here. The Homebrew Computer Club, which had jobs, and Wozniak, who I got to meet many times. In virtue of being raised in Silicon Valley exposes you to the financial institutions, the investors, for instance, the banks, the research centers and a lot of companies that we have here. Stanford University is five miles away, Palo Alto is a mile and a half away. And so just by being in this cauldron, which I would call it now, but back then, I would call it just, a playground, was really good. Also the many companies that hire people here, for instance, I was very fortunate to join Xerox Parc, which is very famous for introducing the graphical user in system, the Ethernet, there are so many aspects of what we use every day to day. So by being born here or being raised here, benefiting from the largest of the companies, that funded these local clubs and the institutions and then going through the educational system here was very, very novel, I think.

I don't have an elevator pitch here. The problem with MetaSepia that we're addressing actually involves both the pandemic and mobile payments. My background as a serial entrepreneur for me for different companies is in the mobile offline payments area, which means that I work on electronic payment cards, cards with electronic circuits inside of them that can be used. I worked on mobile devices for payments. When I developed the mobile NFC, 15 years ago and introduced that, while they are adopted by Apple pay and Google pay, there's been a problem with the adoption of NFC, in general, is very slow in America. People that have adopted QR codes more often. And so the new company addresses the people that are using QR codes and are comfortable with them but aren't really comfortable with mobile NFC because of hacking all these other issues, cancer issues, even they claim, which isn't true. So I wanted to address this by, by actually making an optical transaction between two phones that uses a QR code like element. I use color from my element, which is a much higher bit density, and the ability of my phones is that they can authenticate each other, go through a mutual authentication process, go through a security process. QR codes can't do this. NFC can do this. So I thought, by merging the QR code transaction process with the high security of the mobile NFC that might be a good solution. Coincidentally, because of the pandemic, a transaction from 30 or 50 centimeters away is probably more interesting than one that requires you to tap the phones together.

Few weeks not a lot happened. In terms of the project itself, firstly, I came up with an idea, I found partners that I had already met in the industry from my mobile NFC experience, I realized the value of strong partnerships. And so I formed a partnership in two weeks. Basically, we agreed on shareholding and what we would do and contact an attorney that I already knew to incorporate the company. Over the next few months I then raised money in this case, I provided myself and my partners about $200,000. And then our goal was to obtain patents, build the team, and then provide a demo of the technology. This is about a 1.5-year process, it consumed about $200,000 so far but I built a very good international team, for this project. What's changed in the project over the past year is that my team is very virtual now, which is very good with the pandemic once again. So I have partners in Switzerland, partners in England, Cambridge, partners here at Stanford. So, we have a great team. We have three issue patents now, and in another week, we're going to have a demonstration of our technology.