Taskcause

Taskcause

A new way for nonprofit organizations to reach and serve their communities.

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Security Type
SAFE
Categories
Other
Min Investment
$20
Location
Milwaukee, WI
Offering Date
May 30, 2020
Expected Close Date
August 28, 2020
Target Raise
$50.00K-$250.00K
Deal Notes

20.0% discount

$25K+ pro rata right threshold

Company Description

TaskCause mobilizes Giving By Doing™ allowing nonprofit organizations to start a volunteer fundraising campaign. With TaskCause, nonprofits are providing you a new way to get involved in your community. We call it "Giving By Doing" where you donate your time to complete local tasks such as lawn mowing or furniture assembling to raise awareness and funding for nonprofit causes.

Perks

$250+ for a thank you note signed by the founder!
$500+ limited edition TaskCause branded "angel investor" t-shirt!
$1,000+ $100 spending credit on the TaskCause app to get your community involved!
$2,000+ $250 spending credit on the TaskCause app to get your community involved!
$10,000+ $1500 spending credit on the TaskCause app and one meeting with the CEO within a year of investment.

Key Deal Facts

We're limited to attending volunteer events and donating money to support nonprofits.
TaskCause is a way for you to give back by helping others in your community.
MVP TaskCause app launched January 2020 with ongoing improvements.

Use of Proceeds

If $50,000 is raised:

50% will go towards continuing the development of the TaskCause mobile/desktop app. 30% will go towards hiring a salesperson. 12.5% will go towards business expenses such as api fees, server costs, rent, and related expenses. 7.5% goes to Wefunder.

If $250,000 is raised:

30% will go towards continuing the development of the new version of the TaskCause app. 50% will go towards hiring a salesteam. 12.5% will go towards business expenses such as api fees, server costs, rent, and related expenses. 7.5% goes to Wefunder.

Management Team / Advisory Board Bios

Sang Woo Nam
CEO/FOUNDER
Bootstrapped TaskCause with personal investments and time commitments up to this point.

Salman Ali
COO
Data Scientist at Accenture. University of Chicago alumni. Consulting and implementing processes for TaskCause.

Serguei Vassiliev
Software Architect
IT Manager/Solution Architect at Ryder System, Inc. Consulting and providing software architect solutions for TaskCause.

Deal Notes

20.0% discount

$25K+ pro rata right threshold

Amount Raised : $20,402
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Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

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