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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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$5
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Offering Date
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February 26, 2020
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Expected Close Date
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May 26, 2020
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Target Raise
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$50.00K-$250.00K
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Deal Notes
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$1.00 per share
5% interest
20% discount
$25K+ voting & pro rata right threshold
Company Description
Kazoo is the only all-in-one app for safety, social, communication and location. Core features include real-time emergency on-scene live video streaming, direct to 911 location and video, secure communications, video chatting and social coordinating. It’s the social app that can save your life. The company has both business-to-consumer and business-to-business (white labeling technology) revenue models.
Perks
$500+ One-year free subscription to Kazoo.
$5,000+ Gift two free annual subscriptions; access to pre-release versions of Kazoo.
$15,000+ Voting rights; one lifetime subscription to Kazoo; gift five free annual subscriptions to Kazoo.
$25,000+ Right of first refusal on future rounds and Quarterly Meetings; gift five free lifetime subscriptions to Kazoo.
Key Deal Facts
Kazoo's award-winning UI team has designed apps for Apple, Twitter, Snapchat & Kanye West. The same team who designed Kazoo.
Mgmt team includes top-tier talent of experienced entrepreneurs & business leaders who have founded, grown, & sold numerous start-ups.
The timing could not be better to invest in the mobile app & security markets - a combined $400B market with a 16% growth rate.
Kazoo's engineering team has built apps for the worlds biggest brands - Coca-Cola, Tesla, and eBay. The same team who built Kazoo.
Kazoo has secured marketing partnerships with organizations that have a combined audience of 450K (social media channels & email database)
Kazoo's founders invested over $400K of their own funds, demonstrating their commitment to Kazoo's rapid growth potential and success.
Own a piece of this next generation tech, & enjoy the investment returns that follow.
Use of Proceeds
If $50,000 is raised:
The company will be using these funds to: (92.5%) Add multilingual capabilities and further Android development; (7.5%) Wefunder intermediary fee.
If $250,000 is raised:
The company will be investing the proceeds in four specific areas: (34%) Develop Kazoo for Android; (25%) Enable advanced driving analytics and automatic car crash detection capabilities; (22%) Develop tech wearables for younger kids and pet tracking; (11.5%) Add multilingual capabilities to further expand the market; (7.5%) Wefunder intermediary fee.
Management Team / Advisory Board Bios
Luna Howard
CEO, Co-Founder
A successful entrepreneur who built three multimillion-dollar companies over 20 years, Luna’s expertise in high-level networking and rapid growth strategies drives Kazoo’s business strategy. Her passion for protecting families drives Kazoo’s mission.
Peter J Goodman
President & COO, Co-Founder
An innovative entrepreneur specializing in rapid time-to-market products, as Founder and CEO of MSI Software, Peter raised $5M in private equity and venture capital funding to develop staff scheduling tech used by over 1,200 institutions worldwide.
Jake Frey
Vice President, Product Design
Jake is the Creative Director at Frey Labs, whose clients include Apple Pay, Twitter, Snapchat, Hermès, and Kanye West. He is the former creative director at Fancy (15M users), which raised $100M, and was named one of the best apps of the year.
Deal Notes
$1.00 per share
5% interest
20% discount
$25K+ voting & pro rata right threshold
