Working title: Safepass Legacy
Prepared for: Prospective Seed Partner / Investor
Prepared by: Risalat Bari, Founder
Date: 30 May 2025
1 | Executive Summary
Safepass Legacy is a zero‑knowledge, dead‑man’s‑switch vault that lets people lock down every important password, crypto seed phrase, and critical document—then automatically hand the keys to a trusted successor if the user stops checking in for 90 days. Unlike mainstream password‑managers that only share vaults manually, or estate‑planning portals that rely on slow human review, Safepass combines client‑side encryption with an automated, multi‑channel “life‑check” to guarantee data remains invisible to us yet instantly available to heirs when it matters.
The addressable market is huge: the global password‑manager sector alone hit US $3.06 billion in 2024 and is growing 22.6 % CAGR (thebusinessresearchcompany.com), while broader digital‑legacy services reached US $12.93 billion in 2024 with 15.6 % CAGR (grandviewresearch.com). At the same time, an estimated 17–25 % of all mined bitcoin—worth > US $190 billion—may already be lost forever due to inaccessible keys (b2binpay.com). Safepass Legacy removes that waste and protects every other online asset in one friction‑free workflow.
We are seeking US $250,000 in pre‑seed capital to ship the MVP, complete a third‑party security audit, and fund the first 12 months of go‑to‑market.
2 | Problem & Pain Points
- Unplanned Digital Death – Loved ones can’t access banking, crypto, social media, or SaaS accounts without passwords. Court orders take months; many assets simply vanish.
- Fragmented Solutions – Big‑tech “legacy contacts” cover only their own walled gardens, while traditional password‑managers require both parties to stay alive and responsive.
- Security vs. Convenience Trade‑off – Users don’t want to hand over passwords today, but do want an iron‑clad guarantee they’ll be delivered later.
- Rising Crypto & SaaS Footprint – Every new DeFi wallet and subscription adds another single‑point‑of‑failure when the account owner dies.
3 | Solution Overview
Safepass Legacy offers a simple three‑step workflow:
- Encrypt & Upload – In‑browser encryption (XChaCha20‑Poly1305 + Argon2id) turns files and credentials into ciphertext before they hit our servers.
- Designate Successors – User invites 1–5 heirs. The vault’s master key is asymmetrically re‑encrypted with each heir’s public key.
- Dead‑Man’s Switch – Weekly email/SMS check‑ins reset a 90‑day timer. No response → automatic release: heirs log in and decrypt using their private key.
Zero‑knowledge guarantee: Safepass staff can’t read user data, override timers, or view successor keys.
4 | Unique Value Proposition (UVP)
- All‑asset coverage – Passwords and arbitrary files (e.g. wills, insurance PDFs, seed phrases).
- Automated 90‑day fuse – No manual approvals; heirs are never left waiting.
- Multi‑channel life‑checks – Reduces false triggers vs. annual inactivity models.
- Crypto‑grade security – End‑to‑end client encryption; no plaintext ever stored or sent.
- Solo‑founder friendly tech stack – Serverless backend keeps burn low while scaling globally.
5 | Market Opportunity
| Segment | 2024 Market Size | CAGR | Notes |
|---|---|---|---|
| Password Managers | US $3.06 B (thebusinessresearchcompany.com) | 22.6 % | 36 % of U.S. adults already subscribe to a manager (security.org) |
| Digital‑Legacy Services | US $12.93 B (grandviewresearch.com) | 15.6 % | “Death‑tech” industry rapidly professionalising (news.com.au) |
| Lost Crypto (latent TAM) | 17–25 % of BTC irretrievable (b2binpay.com) | N/A | Represents > US $190 B stranded value |
Serviceable Available Market (SAM): ~16 million global password‑manager payers + crypto owners seeking inheritance tools ≈ US $1.3 B by 2027.
6 | Competitive Landscape
| Category | Examples | Gaps we fill |
|---|---|---|
| Password‑manager emergency access | Bitwarden, LastPass | Timer max 30 days; successor must be existing user; no file storage |
| Dedicated legacy vaults | Everplans, GoodTrust | Manual verification; centralised decryption; higher pricing |
| Dead‑man switch tools | Deadmansswitch.net, EmergencyWP | Plaintext storage or self‑host complexity; no mainstream UX |
| Crypto inheritance protocols | Sarcophagus DAO (wired.com) | Crypto‑only audience; requires blockchain literacy |
7 | Business Model
| Tier | Monthly Price | Features |
|---|---|---|
| Free | $0 | 25 credentials, 50 MB encrypted storage, 1 successor |
| Pro | $6 | Unlimited credentials, 5 GB docs, up to 5 successors, priority check‑ins |
| Family | $12 | 6 user seats, shared vaults, 20 GB storage |
| Enterprise API | Custom | White‑label dead‑man switch for fintech or law‑firm platforms |
Revenue upside from affiliate deals (hardware wallets, estate‑planning lawyers) and SaaS B2B API pricing.
8 | Go‑to‑Market Strategy
- SEO & Content – Leverage my proven content‑marketing knowledge.
- Partnerships – Channel deals with crypto exchanges, digital‑will providers, online banks.
- Influencer/Educational Webinars – Estate attorneys, personal‑finance YouTubers.
- Freemium Upsell Funnel – Free tier captures email & phone; upsell by storage and peace‑of‑mind triggers.
- B2B Trojan‑Horse – Offer free SDK for apps to add “legacy export,” monetise storage + premium SLA.
9 | Technology & Security Stack (MVP)
| Layer | Tooling |
|---|---|
| Front‑end | React + TypeScript PWA, WebCrypto API / libsodium.js |
| Auth | Firebase Auth (email/OAuth, optional TOTP 2FA) |
| Storage | Firebase / Supabase + S3‑compatible encrypted blob store |
| Functions & Cron | Cloud Functions + Cloud Scheduler (daily inactivity scan) |
| Messaging | SendGrid (email), Twilio (SMS) |
| Audit | External pen‑test & crypto review pre‑launch |
10 | Roadmap & Milestones
| Quarter | Milestone |
|---|---|
| Q3 2025 | MVP alpha (vault, 1 successor, 30‑day timer) |
| Q4 2025 | Beta with weekly check‑ins, SMS, 90‑day fuse, Pro tier |
| Q1 2026 | Mobile app (React Native), family plan, marketing launch |
| Q2 2026 | B2B API, SOC 2 Type I audit, first enterprise pilot |
11 | Financial Projections (simplified)
| Year | Users | ARPU | Revenue | Burn @ $25k/mo |
|---|---|---|---|---|
| 2026 | 20 k (2 % convert) | $60 | $1.2 M | $300 k |
| 2027 | 75 k | $63 | $4.7 M | $450 k |
| 2028 | 200 k | $66 | $13.2 M | $600 k |
Gross margin > 85 % (storage + messaging are variable < 10 %).
12 | Investment Ask & Use of Funds
Ask: US $250,000 SAFE at 10 % discount. 18‑month runway.
| Allocation | Amount | Purpose |
|---|---|---|
| Engineering & Security | $120 k | 1 contractor, external crypto audit |
| Hosting & DevOps | $20 k | Firebase, S3, SendGrid, Twilio |
| Marketing & Content | $40 k | SEO, paid search, webinars |
| Compliance & Legal | $30 k | Terms, privacy, SOC 2 lite, D&O insurance |
| Operating runway | $40 k | Miscellaneous, contingency |
13 | Risks & Mitigations
| Risk | Mitigation |
|---|---|
| Security breach | Zero‑knowledge design; external audits; bounty program |
| User inertia / churn | Weekly micro‑engagement emails; gamified “vault health” score |
| Regulatory (GDPR, data‑death laws) | Data residency options; EU rep; privacy counsel |
| Competition from incumbents | Niche moat: faster fuse + file support; first‑mover in emerging crypto‑inheritance UX |
What’s next? I used AI’s deep-research feature to flesh out the idea with technical details. Take a look if you are interested.
