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Security Type
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Other
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Categories
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Technology, Financial Services, Other
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Min Investment
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$250
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Offering Date
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July 31, 2020
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Expected Close Date
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April 30, 2025
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Target Raise
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$10.00K-$1.60M
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No. Investors
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762
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Security Price
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$0.50
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Valuation
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$18,000,000
- Number of Employees
- 21
- Cash
- $354,783
- Revenue
- $506,686
- Short Term Debt
- $995,773
- Cost of Goods
- $1,430,575
- Long Term Debt
- $0
- Net Income
- $-5,452,921
Company Description
Our founder & CEO, Jeremy Barnett had a crazy idea after exiting Trendy Butler in late 2017. So he assembled a management team that has already gone to war together! A management team that consists of four (4) former CEO/founder types, three (3) investors from previous ventures, two (2) oddly cool developers, one (1) Serbian track star and two (2) operations specialists! We faced this ourselves — our founding team has collectively built 9 online businesses (crazy, we know...) using a combination of Facebook and Influencer marketing. Oddly, we all suffered from the exact same advertising problems while building these businesses. Firstly, all of us were overly dependant on Facebook to acquire new customers. Moreover, influencer marketing had become way too expensive and is fundamentally broken. So we developed a scaleable way for brands to use influencers to drive meaningful return on ad spend (ROAS). The BIG IDEA is to allow brands to distribute already made digital content (blogs, videos, and articles) across real social media user feeds. By paying influencers (small, medium, and large) to share already made content with their audience, we eliminate risk, time and over-priced middle men. Our hypothesis was that brands would benefit exponentially by using the network effect of real social media users, transparnent tracking and performance based results. And our theory worked! We've been growing like crazy since we lauched domestically, and have no plans of slowing down.
Perks
Invest $250+ for Recognized on RAD investor wall of fame
$500+ Special matching code for $20 to be donated towards RAD's charity in your name that goes toward building computer centers for Orphaned Starfish Foundation (OSF.org)
$1,000+ Personal invitation to Quarterly investor Zoom Meeting update
$10,000+ $250 platform credit you can gift to the person/entity of our choice and annual investor Information Rights
Invest $250+ for Recognized on RAD investor wall of fame
$500+ Special matching code for $20 to be donated towards RAD's charity in your name that goes toward building computer centers for Orphaned Starfish Foundation (OSF.org)
$1,000+ Personal invitation to Quarterly investor Zoom Meeting update
$10,000+ $250 platform credit you can gift to the person/entity of our choice and annual investor Information Rights
Key Deal Facts
CEO is 3X Founder, 2 exits. Lead investors @previous venture are also Rad's lead investors.
Over $1.1m raised from professional investors Dzhel Ventures & Expert Dojo.
400% revenue growth from Q1-Q2, 1000% user growth from Q1-Q2, Grew from 4 to 16 clients in 2020.
Expierenced management; the RAD founding team has 5 exits in digital media and marketing.
Recurring model, 16+ customers including CitizenNet, Nikola Motors, Noovie, Ranker, Spin.com & SMBs.
SMB renewal rate >80%, annual customer value = $900O, new customer acquisition (CAC) = $450.
Microsoft backed, accepted in January 2020 to the MSFT for startups program.
Use of Proceeds
If $100,000 is raised:
Technology development, Business development, Wefunder Fees.
If $1,070,000 is raised:
Technology development, Business development, Wefunder Fees.
Management Team / Advisory Board Bios
Jeremy Barnett
CEO & Founder
*3X founder & CEO of Rad Intelligence *Co-host of Rad Intelligence for Influencers podcast *Co-founder/CEO of Trendy Butler, exited '17 *OSF.org - 14,000 Kids, 28 countries & 68 computer centers *Accepted to Micorsoft for Startups.
Marco Hansell
Chief Revenue Officer
*Co-host Rad Intelligence for Influencers podcast *Former Founder/CEO Speakr *Founder Twit Mob *Structured 7 figure deals with Conde' Nast, OMD, Havas, Micorsoft, Fox, Universal and many more.
George Michalopoulos
Partner | Product & Strategy
*Founder, Vitamin Vape *Investor Trendy Butler & RAD *Commodities, The Citadel *Economics, University of Chicago