Shark AI Capital Corporation
The business, the turning points, and the decisions behind them.
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Sections to complete：02 · 05
01 / WHAT IT BUILT
What the company did
Shark AI Capital Corporation was a business lending firm co-founded in 2020 by Philip Wong (CEO), a banking veteran previously Chief Investment Officer of American Credit, Inc. and a commercial loan officer at Applepie Capital, Bank of the West/BNP Paribas and Preferred Bank. The company planned SaaS products using artificial intelligence for commercial lending — its July 2022 trademark filing described 'software as a service featuring software using artificial intelligence for commercial lending.' Its trademark was abandoned in October 2024 for no statement of use, and no operating product is publicly documented. The company raised $250,000.
02 / FAILURE REASONS
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03 / EVENT HISTORY
Events in the structured record
- Founded
Philip Wong co-founds Shark AI Capital Corporation as an innovative business lending firm.
- Trademark filed
On July 25, 2022 the company files a US trademark for SHARK AI CAPITAL covering SaaS AI software for commercial lending.
- Trademark abandoned
The trademark is abandoned on October 7, 2024 for no statement of use; no operating product is publicly documented, suggesting the venture went dormant.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
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Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
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