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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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$4
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Offering Date
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February 20, 2020
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Expected Close Date
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May 20, 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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4% interest
20% discount
Company Description
Pippy Sips makes breast pump accessory products that moms wish were already available in the marketplace. We are guided by a simple mandate: Make pumping easier for breastfeeding moms. Our first product, Maia, fulfills that mandate. Maia is a patent-pending, first-of-its kind, all-in-one system for storing, cooling, and monitoring breastmilk.
Key Deal Facts
Successfully raised over $20K from 182 backers on past crowdfunding campaign. campaign:https://ifundwomen.com/projects/maia.
Maia is a breast pump accessory product. The global breast pump market is valued at more than $2 Billion, and 75% of sales are domestic.
In the U.S. alone, over 2.5 million moms use a breast pump each year
73% of potential customers surveyed said they were likely to buy our product.
Invest in Pippy Sips, invest in American manufacturing
WINNER of Philly's most prominent design competition: https://www.designphiladelphia.org/2019-finalists.
Regional semi-finalist in AlphalabGear Hardware Cup pitch competition.
Member of the inaugural cohort for the University City Science Center's Launch Lane accelerator
Use of Proceeds
If $50,000 is raised:
80% Production Costs (manufacturing assembly, material costs, supplier fees) 12.5% Legal Fees; 7.5% Wefunder fees
If $107,000 is raised:
80% Production Costs (manufacturing assembly, material costs, supplier fees) 12.5% Legal Fees; 7.5% Wefunder fees. More money raised will require that less money be contributed by the founders.
Management Team / Advisory Board Bios
Amber Lee Venti
CEO
A tireless worker and problem-solver, I'm building my business and kicking butt at my day job (was just promoted) all while raising two kids. The goal is to run Pippy Sips fulltime as soon as I can.
Joe Venti
COO
When I'm not spending time with my family or practicing law or handling Pippy Sips operations, I enjoy volunteering with Rebuilding Together Philadelphia.
Peter Venti
Strategic Advisor
I tell businesses what they need to hear in order to succeed. I recently helped orchestrate a substantial acquisition of my company Realfood Consulting. See https://www.fsrmagazine.com/content/troon-acquires-realfood-consulting