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On a mission to educate & mentor millions of Small Businesses!
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$293,406.34 Raised
REASONS TO INVEST
TEAM
Narendra K Patil • Founder, Chairman & CEO
Naren was Head of Products at TriNet (NYSE: TNET) leading product strategy for a $2 billion portfolio of cloud-based HR applications. At Saba, Naren was General Manager for Saba Learning products supporting $100 million annual business and 30 million learners worldwide. Naren also worked as a leader for SumTotal, BEA Systems, and Sun. Naren was featured in Forbes and was speaker at CLO World, TiECon, and BEAWorld.
Naren has a MBA from Northwestern Kellogg.
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Uday Dhanikonda • Co-founder, SVP of Engineering, CFO, Secretary
At Sun, Uday managed JDK libraries and Java Serviceability teams and delivered critical debugging features for Java Platform. Uday was also speaker at JavaOne, NASSCOM and other conferences.
Uday worked with Naren at Sun and TriNet and they know each others for 20+ years.
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Professor Mohanbit Sawhney • Member, Board of Advisors
Board Member at Reliance Jio Infocomm (NSE: RELIANCE)
Works on average 1 hour a week for the company.
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*(source)
Overview
StartupWind: Learn, Incubate, Get Mentored, Scale
Over 80% of small business failures are due to lack of business skills. (source)
StartupWind offers solutions to this problem by offering a single, streamlined, AI-powered solution to help SMB owners to acquire business skills and scale their businesses.
Our unified Innovation and Mentoring platform offers video courses, tools for market research & business planning and self-service accelerator programs to help small business acquire business skills throughout the lifecycle of their business.
We also connect small businesses and startups with 1,200+ mentors to unlock real-world knowledge and growth potential.
In addition to small businesses, StartupWind also helps universities, state economic agencies & SBDCs with digital tools that allows them to run small business development programs at a large scale.
The Problem & our Solution
StartupWind is democratizing the entrepreneurship knowhow and making it available to main-street small businesses
Small businesses in the US account for 64% of new jobs created, yet they fail at an alarming rate of 30% within 2 years due to lack of business skills (source).
Unlike dozens of isolated, disjointed tools and websites that aim to help small business owners, StartupWind offers a single unified platform that allows SMB owners to acquire the right business skills when they need them.
Fueled by AI-powered data, StartupWind offers small businesses, universities, and economic development agencies, access to 40+ video-based courses, self-service accelerator programs, business tools, frameworks, connections to thousands of mentors, and easy access to SMB grants.
Our revenue model includes selling SaaS platform to state programs and universities (average $30K annual), as well anticipated up-selling to SMBs at $99 per month to tap into the $36 billion SMB market (source).
THE MARKET & OUR TRACTION
We believe we are part of a large, generally untapped market
Here’s why we think so:
- Number of SMBs in US: 30 million (source)
- Average monthly subscription price (StartupWind): $99
- Addressable market = 30 million x 12 months x 99 = $36 billion (source)
We target state economic agencies and university innovation programs as channel customers who not only pay (~ $30K average annual SaaS revenue) us but help acquire a large number of SMBs and startups on our platform. We grew our SaaS ARR (annual recurring revenue) to over $250,000 in 2021. Our users and engagement also grew to over…
*$250K+ revenue was in 2021
We've also secured new customers and renewed key customers like Arizona Commerce Authority, University of Alabama, University of South Carolina, North Florida Innovation Lab, University of Rhode Island & University of Saskatchewan.
WHY INVEST
We're here to empower 30 million startup and SMB owners
At StartupWind, we want to make essential business skills readily accessible to main street entrepreneurs in hopes that they prosper and become the growth engine for their communities.
We believe we are here just at the right time. Due to COVID-19 pandemic, governments are investing significantly more to reinvigorate small businesses across the US. (source)
In our view, with our large market ($36 billion), robust initial annual recurring revenue ($250,000+ in 2021), proven product platform (25,000 engaged users), and established channel customers (state & university programs) to acquire thousands of SMBs, we feel our proven leadership team, as well as highly-experienced advisors, may lead us to become a success while helping America’s small business owners.
Get in on an opportunity to make a positive impact on millions of small businesses, be part of a fantastic growth opportunity and invest in StartupWind today!
ABOUT
HEADQUARTERS
11610 Orchard Spring Ct
Cupertino, CA 95014-5122
WEBSITE
View Site
TERMS
StartupWind
Overview
PRICE PER SHARE
$2.25
DEADLINE
Mar. 7, 2023 at 7:59 AM UTC
VALUATION
$26.05M
FUNDING GOAL
$10K - $1.23M
Breakdown
MIN INVESTMENT
$249.75
MAX INVESTMENT
$1,234,998
MIN NUMBER OF SHARES OFFERED
4,444
MAX NUMBER OF SHARES OFFERED
548,888
OFFERING TYPE
Equity
SHARES OFFERED
Common Stock
Maximum Number of Shares Offered subject to adjustment for bonus shares
*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.
Voting Rights of Securities Sold in this Offering
Voting Proxy. Each Subscriber shall appoint the Chief Executive Officer of the Company (the “CEO”), or his or her successor, as the Subscriber’s true and lawful proxy and attorney, with the power to act alone and with full power of substitution, to, consistent with this instrument and on behalf of the Subscriber, (i) vote all Securities, (ii) give and receive notices and communications, (iii) execute any instrument or document that the CEO determines is necessary or appropriate in the exercise of its authority under this instrument, and (iv) take all actions necessary or appropriate in the judgment of the CEO for the accomplishment of the foregoing. The proxy and power granted by the Subscriber pursuant to this Section are coupled with an interest. Such proxy and power will be irrevocable. The proxy and power, so long as the Subscriber is an individual, will survive the death, incompetency and disability of the Subscriber and, so long as the Subscriber is an entity, will survive the merger or reorganization of the Subscriber or any other entity holding the Securities. However, the Proxy will terminate upon the closing of a firm-commitment underwritten public offering pursuant to an effective registration statement under the Securities Act of 1933 covering the offer and sale of Common Stock or the effectiveness of a registration statement under the Securities Exchange Act of 1934 covering the Common Stock.
Investment Incentives and Bonuses*
1) Owner’s Bonus : Yes They will be participating
2) Time based incentives:
Friends and Family - First 48 hours | 15% bonus shares
Super Early Bird - Next 96 hours | 10% bonus
Early Bird Bonus - Next 8 days | 5% bonus shares
3) Amount based incentives:
$2,500: 5% bonus shares
$5,000: 10% bonus shares
$10,000: 15% bonus shares
$20,000: 20% bonus shares
*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed. All perks occur when the offering is completed.
The 10% StartEngine Owners' Bonus
StartUpWind, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.
This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Common Stock at $2.25 / share, you will receive 110 shares of Common Stock, meaning you'll own 110 shares for $225. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.
This 10% Bonus is only valid during the investor's eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.
Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus in addition to the aforementioned bonus.
Irregular Use of Proceeds
ALL UPDATES
03.06.23
Campaign Closing Today: Last Chance to Invest in StartupWind
03.03.23
Just 4 days to invest in StartupWind: On a mission to educate millions of small businesses
03.01.23
StartupWind Speed Mentoring is enabling a full year worth of engagement in a single day
02.27.23
7 days left : Hear from our SMB & University customers and investors
02.23.23
New 4-minute Video: Learn how StartupWind is transforming Education & Mentoring for millions of Small Businesses in America!
02.21.23
Just 14 days remaining to invest in StartupWind : See what we accomplished with the investment so far!
02.13.23
Just 21 days remaining before StartupWind campaign closes out
01.31.23
StartupWind is excited to Welcome Robert Mason as a leader of our sales team!
01.25.23
Customers Speak about StartupWind at the USASBE Conference!
01.18.23
Hear from Andy Lombard, former EVP at Arizona Commerce Authority about StartupWind ...
REWARDS
10%
Stack Venture Club & Rewards!
Members get an extra 10% shares in addition to rewards below!
Venture Club
Venture Club Members earn 10% bonus shares on top of this and all eligible investments for an entire year. Not a member? Sign up at checkout ($275/year).
$2,500
$2,500+
Invest and receive 5% bonus shares.
$5,000
$5,000+
Invest and receive 10% bonus shares.
$10,000
$10,000+
Invest and receive 15% bonus shares.
$20,000
$20,000+
Invest and receive 20% bonus shares.
JOIN THE DISCUSSION
0/2500
HOW INVESTING WORKS
Cancel anytime before 48 hours before a rolling close or the offering end date.
WHY STARTENGINE?
REWARDS
We want you to succeed and get the most out of your money by offering rewards and memberships!
SECURE
Your info is your info. We take pride in keeping it that way!
DIVERSE INVESTMENTS
Invest in over 200 start-ups and collectibles!
FAQS
With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000 are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, they are limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancellation period. Once the four-hour window has passed, it is up to each company to set their own cancellation policy. You may find the company’s cancellation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to be sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
Richard Koch
3 years ago
What is your campaign closing date?
3
0