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Security Type
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Equity
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Categories
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Other
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Min Investment
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$250
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Offering Date
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March 23, 2020
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Expected Close Date
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June 22, 2020
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Target Raise
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$10.00K-$1.07M
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Deal Notes
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$1.25 per share
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Valuation
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$5,000,000
Company Description
Race real drones on remote global courses from home with your PC. vRotors revolutionizes drone racing by opening it up to anyone to be the next eSports champion without needing to buy a drone: race our drones. With the convergence of video gaming, drones, audience interactivity, and augmented reality in amazing real-world race courses, vRotors is leading the future of drone racing!
Perks
$250+ Investment, Crew - Free game application + 1 year vRotors Challenge Pass for online pilot co-op and race challenges to qualify for real remote drone tournaments. Private owners group with in-game recognition of Owner status in drone name tags, race results, and leaderboards.
$500+ Investment, Pilot - Above + remote drone training flight with vRotors expert + limited print illustrated course design by team artist signed by vRotors team
$1000+ Investment, Captain - Above + custom avatar in your likeness with design call with vRotors team artist
$2500+ Investment, Commander - Above + custom cockpit skin with design call with vRotors team artist
$5000+ Investment, General - Above + invitation to Los Angeles to join founders for an on-site remote flight demonstration followed by lunch or dinner + 5% bonus shares
*All perks occur when the offering is completed.
Key Deal Facts
Disruptive: Ground breaking technology powering everyday gamers at home to race real drones on remote courses so that anyone can be a champion drone racer. Platform live with worldwide streamer tournament races.
Strong Team: Led by Acclaim Games (acquired by Playdom) co-founder who built massive multiplayer gaming platforms and the former creative director of Niantic, a pioneer in mixed reality gaming.
Massive Market: Global eSports viewership reached over 440M people last year, this is a growing market opportunity at the convergence of drones, gaming, and augmented reality.
Use of Proceeds
Marketing: 15%
Operations: 17.0%
Research & Development: 15.0%
Working Capital: 12.5 - 96.5%
Company Employment: 37.0%
Management Team / Advisory Board Bios
Neil Malhotra
President and Technology Lead
Brings together years of aerospace and video game industry experience. Having led deep space trajectory innovation at NASA Jet Propulsion Laboratory, led commercial rocket missions at Orbital, and obtained his private pilot license, Neil is an expert in aviation and space. Later in his career, co-founded Acclaim Games which was acquired by Playdom (which was itself acquired by Disney) and served as the Skybound CTO, the creator of The Walking Dead. He was a National Science Foundation Graduate Fellow at Caltech.
John Zuur Platten
Creative Lead
He is the lead writer on the Jurassic World AR Experience and other Hollywood IP based interactive projects. Having more than 30 video game titles to his credit, John was formerly a creative director at Niantic where he innovated impactful mixed reality games including Ingress, while ultimately led to Pokemon Go. John currently works up to 4 hours per week at the company.
Mac Chavarria
Advisor
Leading angel investor in Seattle engaged 7 years with Swan Ventures and Keiretsu Capital Networks bringing his financing and industry networking.
Ani Honan
Advisor
Exponentially oriented entrepreneur and advisor guiding startup ventures in strategic goal setting and capital raising with several hi value successful exits.
Joe Honan
Advisor
Focuses on identifying, developing, and growing innovative decentralized businesses and products focused on emerging exponential technologies.