DreamItReel

DreamItReel

The All-In-One solution for premium video content creation at scale

Print
View on SeedInvest
Security Type
Crowd Note
Categories
Other
Min Investment
$1,000
Location
New York, NY
Offering Date
January 11, 2020
Expected Close Date
April 10, 2020
Target Raise
$300.00K-$1.00M
Deal Notes

Round type: Seed Round size: US $1,000,000 Minimum investment: US $1,000 Target Minimum: US $300,000 Raised to date: US $55,000 US $5,000 (under Reg CF only) Security Type: Crowd Note Conversion discount: 20.0% Interest rate: 7.0% Note term: 24 months

Company Description

The All-In-One solution for premium video content creation at scaleThe dramatic shift from text to video-centric communications has significantly challenged nearly 80M+ companies. Companies struggle between having to use high-cost agencies that are not optimized for their needs or low-cost alternatives that aren't specialized or customizable enough. Additionally, companies have to juggle several disparate tools, as a truly unified industry-standard solution does not exist, utill now.DreamItReel is a global video creation platform built specifically for brands, agencies, and content creators looking to create high-quality video at scale while also expanding their reach to shoot, edit, or animate anywhere needed. With a combination of powerful tools and a vetted global creator network, we make it fast, easy, and affordable without degrading quality.How we're different:Today’s freelance marketplaces fall short of their full potential as they focus on just 1 part of the value chain and often lack specialization.As the needs around video have evolved, DreamItReel is uniquely positioned to become the all-in-one solution businesses have been craving.Pre-Creation Tools: Includes workflow management and our BriefBuilder tool, powered by a robust algorithm to simplify and productize the pre-production process.Creation Marketplace: Powered by our global network, users select pre-packaged videos or have them created from scratch.Post-Creation Tools: Cutting edge review and collaboration tools, as well as powerful video analytics.How we make money:We take either a percentage of sales and/or a subscription fee based on services selected.For content creation through our marketplace - we currently average 68% margin on every video created.For subscription services - we estimate a $25 monthly subscription fee.

Key Deal Facts

Profitable in year 2017 and 2018 with a combined net income of $297K+ (unaudited)
Customers include Philadelphia 76ers, NJ Devils, Merck, NBC, and others
68% gross profit margin in 2018 (unaudited)
Generated $986,287 in total revenue in 2017 and 2018 (unaudited)
Graduate of Coolhouse Accelerator Program

Use of Proceeds

Marketing, Business Development/Partnerships, Platform Development, Rent, Misc/General Corp Purposes 

Management Team / Advisory Board Bios

Ravid Razak
CEO, HEAD OF SALES
17+ Years in Product Development, Business Development, and Program Management. 20+ products successfully launched

William Thacker
Creative Director, Client Relations

Deal Notes

Round type: Seed Round size: US $1,000,000 Minimum investment: US $1,000 Target Minimum: US $300,000 Raised to date: US $55,000 US $5,000 (under Reg CF only) Security Type: Crowd Note Conversion discount: 20.0% Interest rate: 7.0% Note term: 24 months

Amount Raised : $64,100
Reveal the Score by Voting
＿
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
ⓘ
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
ⓘ
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
ⓘ
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
ⓘ
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders on the next financing and remain off the issuer’s capitalization table, but the crowd will still participate in any exit as if they had converted to equity. If there is no future financing, the holders of the Crowd Note still have upside, but could miss out significantly.

Research Reports

No reports have been submitted

Become a Reporter
Read Our Research Disclaimer

0 Comments

Post Comment