Politiscope, Inc.

Politiscope, Inc.

Politiscope strips away the unnecessary complexity of politics and empowers voters with raw media, information on elected officials and action items

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Security Type
Crowd Note
Categories
Other
Min Investment
$1,000
Location
Seattle, WA
Offering Date
March 14, 2020
Expected Close Date
June 12, 2020
Target Raise
$500.00K-$2.00M
Deal Notes

Round type: Seed Round size: US $2,000,000 Minimum investment: US $1,000 Target Minimum: US $500,000 Raised to date: US $145,000 US $0 (under Reg CF only) Security Type: Crowd Note Conversion discount: 20.0% Interest rate: 5.0% Note term: 24 months

Company Description

Politiscope strips away the unnecessary complexity of politics and empowers voters with raw media, information on elected officials and action itemsWith the concept of “fake news” now a solid part of the American lexicon and with divisive, emotionally-tinged partisanship on the rise, many people have become confused, overwhelmed, and therefore disempowered in terms of their ability to cast an informed vote. This has resulted in an overall decline of the U.S. public’s opinion of–and trust in–the country’s political process. By providing easy access to clear, accurate, and objective information about current politicians and political activity, and by allowing users to register to vote and donate within the app itself, Politiscope is helping to solve these issues. Politiscope is a Delaware Corporation, our Politiscope is available on iOS and Android. We merged with DownTicket in the spring of 2019. We currently have over 30,000 users and an exclusive partnership with The Young Turks Network to advertise our application. We are projecting to hit 2,000,000 active users by the end of 2020.  We also have $60K in ARR on our b2b side, licensing our API and our white-labeled product. We are projecting to be in the green by Q3 2020.

Key Deal Facts

Over 30,000 users with a 29% DAU/MAU ratio.
Launched by former NFL player Walter Powell Jr. (Arizona Cardinals, New York Jets, Buffalo Bills) aiming to detail politicians’ votes on legislation, upcoming bills, and contact information.
Notable investors include Gary Vaynerchuk, a serial entrepreneur and early investor in Tumblr, Twitter and Snap, Richie Incognito, an offensive guard for the Oakland Raiders (NFL), and Duke Johnson, a running back for the Houston Texans (NFL).
Media coverages from Fox Business, TechCrunch, Entrepreneur, and more.
Entered into a co-marketing partnership with The Young Turks, a leading online news and talk network for the connected generation with 4.4M subscribers on YouTube.

Use of Proceeds

Marketing/Sales, Salary/Hires, Paid User Acquisition, Product Development, Product and Data Management

Management Team / Advisory Board Bios

Israel Lopez
CEO, CTO, and General Counsel
Mr. Lopez has spent the last ten years at the intersection of technology, law, M&A and securities. After obtaining a football scholarship to Concordia University-St. Paul, Israel became an ESPN All-American both on the field and in the classroom. During his senior year at Concordia he drafted “The Kyle Herman Bill,” a bill that was enacted into Minnesota state law during the 2010 legislative session. Mr. Lopez has facilitated over 50 M&A deals and closed on over $100M in Reg. D financing deals for start-up tech companies as an attorney and entrepreneur. He has founded four companies, three of them tech companies, and Politiscope is his fifth. Mr. Lopez was named in the InBusiness 40 Under 40 list at age 27 and named one of Wisconsin's most powerful Latino's by Madison365 magazine at age 28. He has deep product development experience in SaaS, mobile applications, AI and data procurement and has sold products all over the world including China, Japan and India. As a leader, Mr. Lopez is as dynamic as it gets. As a talent, Mr. Lopez brings a unique skill-set, allowing him to serve as the CEO, CTO and General Counsel for Politiscope. 

Walter Powell Jr.
CBO
Mr. Powell Jr. is a St. Louis, Missouri native and a graduate from Murray State University. He was drafted by the Arizona Cardinals in the 6th round of the NFL Draft. He spent 4 seasons in the NFL playing for the New York Jets & Buffalo Bills. Mr. Powell has been a real estate entrepreneur since he began his career in the NFL, owning properties in St. Louis where he restores damaged properties and opens them up for retired US Veterans. During his time in the NFL, Mr. Powell was mentored by AJ Vaynerchuk and Gary Vaynerchuk, his agents, to think outside of the game of football. He actively works with other athletes and entrepreneurs to promote leadership and financial security to underprivileged communities. In June of 2018, Mr. Powell turned down four NFL contract offers to pursuit Politiscope. In doing so he stated, “football is my passion, but Politiscope is my purpose.” He is one of the first NFL players in history to become the founder of a technology company and is the face of Politiscope. 

Nim Desai
COO
Mr. Desai graduated from the University of Pennsylvania’s Management and Technology program in 1996 with a BS in Economics from the Wharton School of Business and a BAS in Environmental Systems from the School of Engineering and Applied Science. He would later obtain an M.S. in Engineering from the Johns Hopkins University in 2003 and an MBA from the University of Washington in 2007. Mr. Desai is the founder of Ten-Divide, Inc., acquired by EA Engineering in 2007 and participated on the team that led EA through an 8-figure exit via an ESOP. Following the exit in August 2016, Mr. Desai provided strategy and field team recruiting support to the Hillary for America presidential campaign in Philadelphia, PA, working with communities in North and South Philadelphia and student populations at Penn, Drexel, and Temple. Based on what was happening around the country in the leadup to and following the 2016 Presidential election, Mr. Desai felt that one of the greatest needs and opportunities to leverage technology and improve lives was to improve citizen engagement in our political process and Politiscope is the result of that belief.

Jackson White
CIO
Mr. White is the political mind behind Politiscope.  Mr. Jackson has spent the last 10 years of his life building the experience, temperament, attitude and character needed to make Politiscope the most trusted source for objective political news on the market. Jackson is, to say the least, obsessed with the political structure of democracies. His obsession has turned him into a national political ideology contributor. Most of his business experience prior to Politiscope was in event organization where started a led an event management business that organized over 500 events in 50 cities across America. While on the constant road, he was able to nurture is political obsession by learning systems state by state. The media and content strategy for Politiscope is the brain child of Mr. Jackson, someone who's coming from St. Louis, MO, and has a unique ability to create content that can be digested by everyone. 

Deal Notes

Round type: Seed Round size: US $2,000,000 Minimum investment: US $1,000 Target Minimum: US $500,000 Raised to date: US $145,000 US $0 (under Reg CF only) Security Type: Crowd Note Conversion discount: 20.0% Interest rate: 5.0% Note term: 24 months

Amount Raised : $163,500
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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.

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