Basement Sports

Basement Sports

Indoor game starter kit with a sports league app (baseball + others on the way)

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Security Type
SAFE
Categories
Other
Min Investment
$100
Location
Jersey City, NJ
Offering Date
June 26, 2020
Expected Close Date
October 30, 2020
Target Raise
$70.00K-$1.07M
Deal Notes

Discount: 15%

Pro-rated portion of the total principal value of $70,000; interests will be sold in increments of $1; each investment is convertible to one share of stock as described under Item 13.

Company Description

Kids aren't getting enough exercise, and youth sports has gotten too serious

Some dangerous trends are afoot in the U.S. and globally, which is the subject of a real, long-term health epidemic - Childhood Obesity, Diabetes and other negative health indicators, which have carried on into adulthood as well.  

Further, aside from the 'cream of the crop', many kids are starting to quit hyper-competitive youth sports, due to a number of factors, which leading Think Tanks, like the Aspen Institute, with the support of role models like Kobe Bryant, expose well in their initiative Project Play.

Basement Sports is an answer to that need and gap in the lives of our children.

Key Deal Facts

We are tackling one of society's greatest challenges - childhood (and adult) obesity; by getting kids active every day, while having fun.
The global gaming market is worth $152 billion (2019), with 45% of that, $68.5 billion, coming directly from mobile games.
The global toy market stands at $90.4 billion. Our Starter Kit and Accessories provide multiple revenue streams, like personalized jerseys.
Youth Sports is a rapidly growing $22 billion industry; but more kids are also quitting. Research shows the need for more unstructured play.

Management Team / Advisory Board Bios

Arman Rousta - Founder

Deal Notes

Discount: 15%

Pro-rated portion of the total principal value of $70,000; interests will be sold in increments of $1; each investment is convertible to one share of stock as described under Item 13.

Amount Raised : $21,507
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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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