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Security Type
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Convertible Note
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Categories
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Other
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Min Investment
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$6
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Offering Date
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November 06, 2019
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Expected Close Date
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February 04, 2020
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Target Raise
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$50.00K-$107.00K
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Deal Notes
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$1.00 per share
6%interest
20%discount
$25K+pro rata right threshold
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Valuation
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$3,000,000
Company Description
We create exciting toys that combine classic playground games with technology for a modern experience to target today's screen-focused youth. Our toys focus on fun first. They have the benefit of fostering group and active play to help kids be happier and healthier.
Perks
$250+ for A 20% off coupon for Countdown through our online store.
$750+ A 50% off coupon for Countdown + a swag bag of Pressure Games toy convention items.
$1,500+ A free Countdown toy when launched + a lifetime subscription to our premium update service for Countdown and all future toys.
$2,500+ A limited edition, collector version of Countdown in your choice of color. Each unit will be uniquely numbered.
$5,000+ Help design our future toys! You'll be an exclusive early tester for our next 3 toys. We'll send you the earliest prototypes and updates along the way to get your feedback.
Key Deal Facts
Product launch planned for Q220.
Won at the 2019 Outdoor Toy Awards in London, held by Peter Jenkinson, aka “The Toyologist.”
First toy is patent-pending.
Actively sending demo units out to reviewers and parents for feedback.
Val Vacante, an industry-leading product innovation strategist and connected play expert, is a key advisor on our Advisory Board.
Consultancy agreement with Design Edge to lead manufacturing - a toy design firm that has worked with Hasbro, Mattel, Spin Master & more.
Pressure Games is a benefit corporation with a goal of promoting social, active playtime for the healthy development of children.
We are working with 3 local Boys & Girls Clubs and 2 schools to incorporate our first toys into playtime and curriculum activities.
Use of Proceeds
Employee Compensation/Wages, Product Research and Development., Working Capital Needed for Manufacturing, Marketing and Promotions, Consulting Work for Distribution, Manufacturing and Design, Wefunder Intermediary Fee.
Management Team / Advisory Board Bios
Alex Andreae
Founder & CEO
Lead technology development at Nuzzle bringing an IoT product to market with a small team. Previously founded SourceCoast, a web development company focused on social network integration for websites which has over 25,000 customers.
Liz Hughes
Co-Founder & Chief Brand Officer
Liz is currently leading product design, branding, and user engagement. She previously lead UX design at Nuzzle, working closely with Alex on product development.
Nilesh Kulkarni
Co-Founder & Firmware Architect
Nilesh has written over 10,000 lines of code for Countdown while at Pressure Games. He graduated from University of Texas Arlington and worked at Nuzzle where he rewrote the underlying firmware resulting in a 30% power reduction of their pet tracker.
Deal Notes
$1.00 per share
6%interest
20%discount
$25K+pro rata right threshold
