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Security Type
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Debt
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Categories
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Technology, Entertainment, Education
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Min Investment
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$200
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Offering Date
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August 05, 2020
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Expected Close Date
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April 30, 2022
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Target Raise
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$50.00K-$250.00K
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No. Investors
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93
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Security Price
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$0.44
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Valuation
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$5,010,000
- Number of Employees
- 5
- Cash
- $48,101
- Revenue
- $1,000
- Short Term Debt
- $44,952
- Cost of Goods
- $0
- Long Term Debt
- $109,575
- Net Income
- $-205,331
Company Description
Ever since I could crawl, I've been woefully obsessed with 2 things: music & languages. Growing up in a trilingual household (speaking Arabic at home, French at school, & English in society), I was raised with a deep fascination for language and culture. Starting at the age of 6, I began playing piano & singing. Fast-forward 20 years. Today, I speak 5 languages (aiming for 7 by age 30), and produce / perform music any chance I get.
Perks
Invest $500+ for T-shirt and laptop sticker shipped to home 6-months free access to product
$1,000+ T-shirt and laptop sticker shipped to home 1-year free access to product
$2,500+ T-shirt and laptop sticker shipped to home Lifetime free access to product
$10,000+ $500 towards flight to Austin to meet the exec team T-shirt, laptop sticker hand-delivered Lifetime free access to product, and 1-hour Executive strategy session (Limited to the first 5 investors)
Invest $500+ for T-shirt and laptop sticker shipped to home 6-months free access to product
$1,000+ T-shirt and laptop sticker shipped to home 1-year free access to product
$2,500+ T-shirt and laptop sticker shipped to home Lifetime free access to product
$10,000+ $500 towards flight to Austin to meet the exec team T-shirt, laptop sticker hand-delivered Lifetime free access to product, and 1-hour Executive strategy session (Limited to the first 5 investors)
Key Deal Facts
Core team has 30 yrs in startup experience; early stage employees at 3 startups acquired for ~$1B.
We've raised $335,000 from 7 angel investors nationwide.
We're disrupting the $12B online language learning market with scientifically-backed method of music.
We have exec advisors from Babbel (highest-grossing language app), Spotify, and Pandora on the team.
Version #1 of our product has drawn avg. time / device / day of 6 minutes (industry avg. = 5 mins).
Rated 4.6/5 on Apple Store & 4.7/5 on Play Store.
We have been nominated for the "Top 50 Tech Innovators & Influencers" award at InterCon 2020.
Online education & gaming are amongst 'Most Thriving' industries post-COVID.
Use of Proceeds
If $55,000 raised:
Marketing and advertising, Human capital, Operations, Wefunder Fee.
If $250,000 raised:
Human capital, Marketing and advertising, Operations, Wefunder Fee.
Management Team / Advisory Board Bios
Sami Halabi
Founder | CEO
Corporate: Contributed to unprecedented 58% annual growth in Fortune 50 demand marketing organization (from $190M → $301M) | Startup: Launched my company during SXSW, the largest music festival in the world, at Louis Black (the Founder's) home.
Bryan Riester
Head of Product & Operations
Education through gaming development work can be found in middle schools throughout the U.S. | 12+ years in software development & full-stack team management.
Greg Nicholson
Head of User Acquisition
NYT Bestselling Author. Helped scale 3 startups from early stage to acquisitions totaling ~$1B (including sale to Microsoft for $300M) | 20+ years in digital marketing and user acquisition experience.
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Valuation
Security Description
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.