Companies · Computers

Application of Nothing, Inc.

CHICAGO · Computers

Diligence memoA one-page analyst read on Application of Nothing, Inc. — recommendation, valuation, rhythm, risks.
$572K
Total raised · real
1
Rounds
1.9×
Latest step-up
Top 73%
Sector rank · raised
Pre-Seed
Latest stage · inferred · Tue Dec 22 2020 00:00:00 GMT+0000 (Coordinated Universal Time)

Application of Nothing, Inc. looks fair against its niche peers and is dormant on financing cadence.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the software/compute sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Fair
  • Modeled value is 1.45× the median modeled value of Pre-Seed Computers companies in 2019–2021 (71 peers) — value vs value, same stage and era.
  • Within the normal band (145% of peer median) for its niche.
Dormant
  • Last raise 5.5 yr ago; this sector typically re-raises about every 12 months.
  • Only one round on record and long silent — often defunct, acquired, or gone quiet.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in Computers

Application of Nothing, Inc. is one of 1371 Computers companies tracked from CHICAGO. By capital raised it ranks in the long tail (ahead of 28% of sector peers), and mid-pack by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

As reported in public records reported — not modeled.

US
Jurisdiction
No revenue
Issuer revenue
Rule 506(b)
Reg D exemption
13
Investors (latest)
2020
Year incorporated
2020-12-22
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$13M$25M$38M$50MPre-Seed · 2020-12-22 Raised $572K (real) Modeled valuation $22M (est)$572K$22MPre-Seed2020Pre-Seed · 2020-12-22 Raised $447K (real) Modeled valuation $17M (est)$447K$17MPre-Seed2020Pre-Seed · 2020-12-22 Raised $326K (real) Modeled valuation $13M (est)$326K$13MPre-Seed2020Pre-Seed · 2020-12-22 Raised $230K (real) Modeled valuation $8.9M (est)$230K$8.9MPre-Seed2020Pre-Seed · 2020-12-22 Raised $447K (real) Modeled valuation $17M (est)$447K$17MPre-Seed2020+$447K+$326K+$230K+$447KCumulative $2.0M

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Pre-Seed$572K · 2020
Pre-Seed extension$447K · 2020
Pre-Seed extension$326K · 2020
Pre-Seed extension$230K · 2020
Pre-Seed extension$447K · 2020

Stages are modeled from round size (public records carry no series label). Ladder is contiguous — every modeled rung has a record.

Modeled valuation trajectory
$22.1M
Base estimate est.
$381K
Conservative case
$217.2M
Upside case
$3.2M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Pre-Seeda round under $1.0M). Valuation is modeled from stage benchmarks scaled by the software/compute sector profile. Directional, not a quoted figure.

Pre-Seed · modeled $22.1M · 2020-12-222020Pre-Seed · modeled $17.3M · 2020-12-22Pre-Seed · modeled $12.6M · 2020-12-22Pre-Seed · modeled $8.9M · 2020-12-22Pre-Seed · modeled $17.3M · 2020-12-222020
Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
30%
Survival probability
12% low · 55% high
1.77×/yr
Annual markup
2.39×/yr upside case
5.5 yr
Elapsed time used
5.5 yr actual, capped for stale marks
software/compute
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
0 mo
Avg between rounds
Capital velocity
5.5 yr
On record since
2020
First round
5
Rounds on file
How it compares to the market

Benchmarked against 1371 companies in Computers. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 0.3× of median
This company$572K
Sector median$1.9M
Latest round — vs other Pre-Seed rounds in sector (real $, this stage) 1.4× above median
This company$447K
Sector median$326K
Modeled value — vs sector median (estimate, all stages) 0.7× of median
This company$22.1M
Sector median$33.0M

Raised more than 28% of sector peers (real $). Modeled value above 42% of peers (estimate).

Niche peers — same stage & era

A tighter cohort than the sector chart above — only companies at the same stage (Pre-Seed) that last raised in the same ~3-year era, ranked by modeled value est. (not money raised). This is the exact set the analyst read compares against, so a like-for-like cohort is what makes "over/under-valued" meaningful. This company ranks #21 of 71.

This companyCohort peer
$10.0M$100.0M$100K$1.0M$10.0MCapital raised (log)Pure Oxygen Labs, Inc. · Pre-Seed Raised $1.0M · modeled $50.7M (est)Tuxera Oy · Pre-Seed Raised $997K · modeled $50.6M (est)Protech Systems Group, Inc. · Pre-Seed Raised $906K · modeled $46.0M (est)EXOsecure, Inc. · Pre-Seed Raised $875K · modeled $44.4M (est)Aptivio, Inc. · Pre-Seed Raised $800K · modeled $40.6M (est)ConsumerOptix, LLC · Pre-Seed Raised $750K · modeled $38.0M (est)CauseLine Labs, Inc. · Pre-Seed Raised $650K · modeled $33.0M (est)SemiCab Inc · Pre-Seed Raised $850K · modeled $32.8M (est)Biome Analytics, Inc. · Pre-Seed Raised $609K · modeled $30.9M (est)SYSCON International, Inc. · Pre-Seed Raised $600K · modeled $30.4M (est)Connectwise Parent, L.P. · Pre-Seed Raised $585K · modeled $29.7M (est)PC Investment Debt Co., LLC · Pre-Seed Raised $515K · modeled $26.1M (est)Application of Nothing, Inc. (this company) Raised $572K · modeled $22.1M (est)Application of Nothing, Inc.
CompanyStageRaised · realValue · estvs peer med.
Pure Oxygen Labs, Inc.Pre-Seed$1.0M$50.7M3.32×
Tuxera OyPre-Seed$997K$50.6M3.31×
Protech Systems Group, Inc.Pre-Seed$906K$46.0M3.01×
EXOsecure, Inc.Pre-Seed$875K$44.4M2.90×
Aptivio, Inc.Pre-Seed$800K$40.6M2.65×
ConsumerOptix, LLCPre-Seed$750K$38.0M2.49×
CauseLine Labs, Inc.Pre-Seed$650K$33.0M2.16×
SemiCab IncPre-Seed$850K$32.8M2.14×
Biome Analytics, Inc.Pre-Seed$609K$30.9M2.02×
SYSCON International, Inc.Pre-Seed$600K$30.4M1.99×
Connectwise Parent, L.P.Pre-Seed$585K$29.7M1.94×
PC Investment Debt Co., LLCPre-Seed$515K$26.1M1.71×
Application of Nothing, Inc. this companyPre-Seed$572K$22.1M1.45×
Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Pre-Seed$572K2020-12-22$3.2M$22.1M90%
Pre-Seed$447K2020-12-22$2.5M$17.3M90%
Pre-Seed$326K2020-12-22$1.8M$12.6M90%
Pre-Seed$230K2020-12-22$1.3M$8.9M90%
Pre-Seed$447K2020-12-22$2.5M$17.3M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Pre-Seed$572K2020-12-22
    • First recorded raise — entered as Pre-Seed.
    • 18 investors on this round.
  2. Pre-Seed$447K2020-12-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round roughly the size of the prior one.
    • 16 investors on this round.
  3. Pre-Seed$326K2020-12-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 9 investors on this round.
  4. Pre-Seed$230K2020-12-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.4× smaller than the prior — bridge or down round.
    • 9 investors on this round.
  5. Pre-Seed$447K2020-12-22
    • Filed alongside the prior round (same month) — likely a tranche or amendment.
    • Round 1.9× larger than the prior — scaling up.
    • 13 investors on this round.
Intelligence
Modeled next raise
$867K
Modeled next size est.range $564K$1.4M
1.9×
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
David B Wilts2020-12
Registry & provenance

Application of Nothing, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
1836663
SEC CIK
2020
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

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Connectwise Parent, L.P.ComputersPre-Seed$585K$29.7Msame sector · same stage
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Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
Probably Nothing Inc.Other TechnologySeries A$77.1M82%
Zero Effort Solutions, Inc.Other TechnologyPre-Seed$1.0M81%
Nogic, Inc.ComputersPre-Seed$271K81%
ZeroDB, Inc.Other TechnologySeries A$296.1M80%
Nix86, Inc.Other TechnologySeed$14.1M79%
Noor Sciences Inc.ComputersPre-Seed$3.9M79%
Neverware, Inc.ComputersSeries A$121.9M79%
Command Zero Inc.Other TechnologySeries A$18.7M79%
Frequently asked
How much funding has Application of Nothing, Inc. raised?
Application of Nothing, Inc. has raised approximately $572K in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is Application of Nothing, Inc.'s estimated valuation?
Provath's modeled valuation for Application of Nothing, Inc. is approximately $22.1M (modeled range $381K–$217.2M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is Application of Nothing, Inc. at?
Application of Nothing, Inc.'s latest modeled financing stage is Pre-Seed. Its most recent recorded round closed around Tue Dec 22.
What does Application of Nothing, Inc. do and where is it based?
Application of Nothing, Inc. operates in the Computers sector, based in CHICAGO.
Explore related

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