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Virtual Film School, Inc.
Los Angeles, CA 90028, USA

Overview
Investment
Team
Financials
Gallery
Terms
Perks
Discussion
FAQ

HIGHER EDUCATION FOR THE NEXT GENERATION

Here’s the next big thing in EdTech. A futuristic way to educate millions in the field of New Media in an era where most young people want to become brands, content creators, video stars and/or thought leaders.

Virtual Film School is film school reimagined for the next generation of filmmakers, content creators and influencers from any place in the world with wifi. See for yourself in this 1-minute video.

YOUR FILM SCHOOL, YOUR WAY
Virtual Film School teaches students anywhere how to become popular content creators inside a live and interactive virtual reality classroom.

Our New Media classes are engaging and scalable, and our A-list professors have produced influencers like 2 billion hitter FreddieW, TikTok star Nicki Baber, and Primetime Emmy Award winner Bernie Su.

https://youngamericademo.com/capitalengine.io/web/20_s3_uploaded__nicki-barber.png

The need for this has only grown since COVID-19. Traditional film schools are not set up for online learning, and online schools are not set up to teach media in a digital social landscape where 75% of young people want to become web stars, and 25% of millennials would quit their day job to be famous.

WHY NEW MEDIA
Social Media Video is the most impactful messaging medium in history. It swayed our Presidential elections, it made billionaires out of the Kardashians, and it took Justin Bieber from a street musician to a $300MM+ superstar. It also garnered a Swedish schoolgirl named Greta Thunberg a Nobel Prize nomination for her work leading the UN, and millions of people, in climate change activism.

Silly videos from the Ice Bucket Challenge raised enough money to find a drug which slows the disease ALS. On the other hand, the most popular video on Facebook about vaccination, ahead of those by CNN, ABC and Fox News, are still disinformation.

We need to bring truth to this immense power. We are empowering a new generation of film/video students who may not have the money, the cachet, the physical ability, or the ability to go to a traditional film school, but who have the ability and passion to create video.

VFS can improve the world by improving the world’s video messaging for social good.

Team

COMPANY

You’ll work with the best talent. The top Hollywood and London filmmakers and instructors in the film and web video industries. Virtual Film School is film school reimagined for the next generation of filmmakers, content creators and influencers from anywhere in the world.

We’re building a community where smart, driven people can work together to create diverse stories that have never been told before. No need to relocate or leave friends, family, and resources behind. And definitely no need to drop $300,000 on an old-school degree when you can spend $20,000 for a current, cutting-edge diploma.

Prof. Frank Chindamo PRESIDENT

Prof. Frank Chindamo, President: Former Curriculum Development/New Media Prof. at USC, UCLA, Emerson, LMU, Chapman. Teaching 15 years. Filmmaker w/30+ awards for HBO, etc. Started on Ghostbusters and SNL.

Dr. John Holder CTO

Dr. John Holder heads the UK’s cutting-edge VR & AR RealitiesCentre, drawing on 20 years’ experience in this field. He has led software teams for clients which include Global Fortune 500 corporations and delivered multi-million dollar VR projects with eCommerce integration. In 2018 he built the UK’s first 5G VR lab, collaborating with Huawei and Telefonica, further demonstrating that he is an innovative force at the forefront of technology.

Robin Prybil CSO

Strategy Head. Robin Prybil: VFX Exec Avatar, Lord of the Rings and two movies by Spielberg; Exec. at Paramount, Weta Digital, AMD, and CAA.

Ivan Levene COO, HEAD OF UK ED.

Ivan Levene is a Screenwriter and lecturer, as well as being the MPFA School Director at Royal Holloway U. of London. He has over twenty years of experience as a successful screenwriter, script editor, and development executive on film and TV productions across the world, including UK indie features like the award-winning Brick Lane, Suffragette and productions for the BBC, Channel Four, and Amazon Studios.

Peter Hawley DEAN

Peter Hawley, Dean of Education. Former Dean of Columbia College, and Tribeca Flashpoint College, started with Robert DeNiro. Head of State of Illinois Film Office. Accreditation Expert. Teaching 18 years.

Lionel Simons CEO

Lionel Simons has a track record of innovative, profitable businesses, including Remington Rand/UNIVAC, Denby Ltd., diagnostic imaging pioneers Dunn Instruments, and film producers Moving Pictures Media Ltd. Most relevant to a global VFS, Lionel has been involved in the international student exchange program AIESEC which he founded in the UK, North and South America. This organization now exchanges 40,000 students in over 120 countries.

Lynn Speier MARKETING DIRECTOR

Lynn Speier has created ideation and branding for VFS, NASA, DOW Chemical, Planet Green, Keurig, etc. She teaches branding and digital marketing in Tokyo and Los Angeles, is a blogger for Tubefilter, and Author of YouTube Success In 5 Steps: Five Steps. No Limits.

Chris Backhouse CFO

Chris Backhouse FCA: Chartered Accountant with a successful track record of helping fast-growing entrepreneurial businesses to achieve their goals and optimize value. He has worked with private & listed companies, ensuring good corporate governance, securing finance, managing cashflows, and enhancing profitability.

Robert Tercek EXEC. BOARD

Robert Tercek, Author of Vaporized book; Former Adjunct Professor in New Media at the USC Peter Stark Producing Program. Advisor to Carson Center of Emerging Media Arts at UNL, Former Adjunct Professor in New Media at the USC Peter Stark Producing Program.

Philip Lunn BUSINESS DEVELOPMENT

Philip Lunn: Entrepreneur with successful track record of start up, growth, and exit through acquisition in VR, AR and software. I.e., Nurulize VR software, acquired by SONY Studios.

Investment Highlights

SEED ROUND INVESTMENT

New York VC Network has selected Virtual Film School as one of the Top 100 early-stage companies to follow in 2022. The selection committee consists of current and former VCs, prominent angel investors (thanks Columbia Angel Network), exited entrepreneurs (thanks Columbia Founders), and our Fortune 500 friends in M&A roles.

“We have complete confidence in VFS.”

Roope Marttila | LinkedIn & Twitter
Founding Member @ Columbia Founders
+1 646-210-2299 (US) | +358 407186688 (EU)

USE OF FUNDS

We seek up to $1.07MM* seed round investment to finance:

Scaling the tech & software	$200K
Sales & Business Development	$200K
Marketing and Advertising	$300K
Working Capital	$300K
Total	$1MM

*Subject to minimum funding of $20K

STUDENT TUITION REVENUES

B2B WITH SCHOOL PARTNERS (Current Model)

$1,200 per course
Up to 50% goes to school partner, but significantly lower cost for student acquisition because schools refer students.

DIRECT TO CONSUMER (Preferred model, once funded)

$1,200 per course (US)
VFS Keeps 100%, but pays for advertising and student acquisition.

TRACTION

We launch Jan. 2022 in England with a TV channel partner there, BritAsia on SkyTV. Click.
We’ve completed a video course for Japanese edtech Agaroot. They will distribute the intro/teaser course through NTT Docomo to drive sales.
LOI in place to begin classes this fall with the Bologna Innovation Garage in Italy. See https://bigbo.it
LOIs in place to roll VFS out to VR Dome structures in New Zealand, partnered with the existing “WizDome” in LA.
LOI signed and working group formed for English-speaking Canada with the founders of http://www.nowtutor.me and PronApp.com

COMING DEALS:

The President of Los Angeles Community College, thanks to our partner EON, said she wanted to roll VFS out to her Film, Dance, Theater and Music departments starting Jan. 2022.
Deal in place distribute our video courses to 600 US colleges through www.accessalliance.education.
Deal being negotiated to run our classes in Brazil through their national post-graduate school, www.ESPM.br
We have partnered with the www.NewMediaFilmFestival.com to launch that festival in Shanghai to attract students to VFS.
We are awaiting the rollout instructions with the new MISK school system in Riyadh, Saudi Arabia...
And more to come.

GROWTH STRATEGY

In year 2, VFS will grow its studies from New Media to English as a Second Language. (We’ve already tested it with an accredited university in LA.) This is an even larger market, where students will learn by interacting with the scenarios and “worlds” created by our New Media students.

By Year 5, we’ll be teaching all interactive arts and perhaps even sciences.

EXIT STRATEGY

Either IPO or a Trade Sale to companies seeking a scalable education platform that modernizes their education practice for the digital age:

Technology:

Amazon (EdStart)
Facebook (Oculus)
Google (Google For Education; YouTube)
HTC (Vive Edu)

Education:

Online Education Publishers (Pearson, EON Reality, Cousera, EdX, Future Learn)
For-Profit Film Schools (New York Film Academy, Los Angeles Film School/Full Sail)
Traditional (yet entrepreneurial) Brick and Mortar Film School (NYU, Stamford U., Loyola Marymount)

Financial Snapshot

Financial Highlights

- Student Tuition Revenues:
  
  DIRECT TO CONSUMER:
  - $1200 per course (US)
  - £ 900 per course (UK)
  VFS Keeps 100% but pays for advertising and student acquisition
  
  B2B WITH SCHOOL PARTNERS:
  - $1200 per course (Global)
  - Up to 50% goes to school partner, but significantly lower cost for student acquisition because schools refer students.
  - In year 2, VFS will grow its studies from New Media to English as a Second Language. (We’ve already tested it with accredited universities in London and LA.) This is an even larger market, where students will learn by interacting with the scenarios and “worlds” created by our New Media students
  - By Year 5, we’ll be teaching all interactive arts and perhaps even sciences.
  Revenue Forecast
  The following projections are a forward-looking statement and are not guaranteed:

Pitch Deck Videos

Documents

Project Title	Document Title	Action
Virtual Film School, Inc.	SAFE Agreement	View
Virtual Film School, Inc.	Form C	View

Investment Location

Instructions

Perks

SOME OF THE PERKS

Some of the perks we are offering our early investors:

TIER 1 PERK*
$2,500 Investment
50% Discount on a VFS course
Current value: $600 USD

TIER 2 PERK*
$5,000 Investment
1 free VFS course
Current value: $1,200 USD

TIER 3 PERK*
$10,000 Investment
3 free VFS courses
Current value: $3,600 USD

TOP TIER PERK*
$100,000 Investment
Full Scholarship for all VFS courses
Current value: $25,200 USD

*Applicable on any course with 15 or more students enrolled

Frequently Asked Questions (FAQ)

What is the minimum investment in VFS?

Minimum investment is $1,000

What will VFS use the funds for?

We are seeking to raise $1,070,000 investment:

Scaling the Technology & Software
Sales & Business Development
Marketing and Advertising
Working Capital

What is VFS Growth Strategy?

In year 2, VFS will grow its studies from New Media to English as a Second Language. (We’ve already tested it with an accredited university in LA).

This is an even larger market, where students will learn by interacting with the scenarios and “worlds” created by our New Media students. By Year 5, we’ll be teaching all interactive arts and perhaps even sciences.

What is VFS Exit Strategy?

Either IPO or a Trade Sale to companies seeking a scalable education platform that modernizes their education practice for the digital age:

Technology:

Amazon (EdStart)
Facebook (Oculus)
Google (Google For Education; YouTube)
HTC (Vive Edu)

Education:

Online Education Publishers (Pearson, EON Reality, Cousera, EdX, Future Learn)
For-Profit Film Schools (New York Film Academy, Los Angeles Film School/Full Sail)
Traditional (yet entrepreneurial) Brick and Mortar Film School (NYU, Stamford U., Loyola Marymount)

How does an investor make money?

The initial SAFE investors are providing capital to allow Virtual Film School, Inc. (the “Company”) to grow, gain more revenue, and attract additional investors at a later date.

Since there is no explicit valuation at this time - given the variables in assigning a value to a startup – the initial investors will reap gains if and when there are additional rounds of financing with a defined valuation.

The SAFE investors are simply buying the right to equity in the future when the startup has more traction and performance data that would allow an institutional investor to properly value the startup. Early investors get a benefit from taking this risk, which includes preferred shares, discounts on the share prices, and valuation caps.

A valuation cap in this case means that a SAFE investor’s shares will be valued in this case at a maximum of $10,000,000, no matter how high the actual valuation of the company should go.

How do SAFE investors cash out?

SAFE Investors are rewarded for their early investment by converting to future company equity at a discount rate. SAFE Investors can cash out in two ways. Ideally, the early SAFE Investor’s investment would be converted into preferred equity, at a 20% discounted rate, at the time of a future equity financing an (called an “Equity Financing” in the SAFE).

The SAFE Investor would then become a Preferred Stockholder with the same dividend and liquidity preferences as future Preferred Stockholders. This is the primary intention of using a SAFE Agreement.

Alternatively, the Investor could be cashed out upon the occurrence of a “liquidity event” (i.e. change of control, direct stock exchange listing, or an IPO (initial public offering)). In these scenarios, depending on the valuation of the Company at the time of the liquidity event, the Investor could either be cashed out pro rata with the other SAFE holders at a value either less than, equal to, or exceeding their initial investment.

Further, should a liquidity event occur, the SAFE Investor is given the option to convert their SAFE to the Company equity being issued at that time to participate in future growth of the Company.

What happens if the business fails?

Because SAFE agreements are not an official debt instrument (they are actually considered neither debt nor equity, but work more like options), there is a chance that they will never convert to equity - and in addition, repayment is not required by the Company.

Should the Company cease operations, or has its assets assigned to creditors prior to an issuance of securities, the Company will first pay the other holders of existing preferred stock, then pay debt holders under the terms of any promissory notes, and then the Company will pay holders of the SAFE agreements.

These payments will occur before any distributions can be made to holders of common stock. If there are not sufficient Company assets to pay holders of the SAFEs the full amount of their investments, as determined by the Company’s board of directors, payments will be made on a pro-rata basis. In this case, investors may not recoup their any or all of their investment from the Company.

Discussion

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Terms

INVESTMENT TERMS

VFS has launched our $1.07MM funding round, which is now live and open for investment. As part of the private launch we are offering the following discounted terms.

Some of the perks we are offering our SAFE investors:

Post-Money Valuation Cap - $10MM
Discount Rate - 20%
$1,000 minimum investment
$20,000 minimum funding goal

$1,000 raised of $1,070,000 goal

Investors

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Investment Summary

Deal type: Reg CF
Issuer: Virtual Film School, Inc.
Funding Goal: $1,070,000
Max. Funding: $2,000,000
Investment Type: EdTech
Min. Investment: $1,000
Min. Funding Required: $20,000
Video Gallery
Prof. Frank Chindamo
Founder and CEO
frank@virtualfilmschool.org
www.Virtualfilmschool.org

Documents

SAFE Agreement

Form C

Investor Perks

Virtual Film School, Inc.

Pitch Deck Videos

Pitch Deck Videos

Documents

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