Reyets

Reyets

Mobile app + community policing platform to record abuse and protect your rights

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Security Type
Convertible Note
Min Investment
$8
Location
Washington, DC
Offering Date
July 10, 2020
Expected Close Date
October 23, 2020
Target Raise
$50.00K-$1.07M
Deal Notes

Discount: 20%

Interest: 8%

Company Description

The Reyets app gives you the power to uncover and broadcast the truth with the tap of a button, you'll stream, record video and know your rights to help you understand and navigate a potentially volatile situation.

In five years, we hope (but not guarantee) to be the leading platform for civil rights protection in the world. Through our platform we aim to power civic tech products and platforms, so that all people have equal access and opportunity to assert and ensure their rights. The result would be severely decreased wrongful arrests, unwarranted harassment and violence. 

Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.

Key Deal Facts

High impact potential to solve an immediate and pressing problem
Talented team with a track record
Unique application of technology
High Growth Potential (cannot be guaranteed)

Use of Proceeds

If $50,000 is raised

  • 73.5% app development
  • 10% overhead
  • 10% marketing
  • 6.5% Wefunder intermediary fee

If $1,070,000 is raised

  • 20% app development including Andriod and backend
  • 23.5% executing go to market and digital marketing plan
  • 30% hiring (3 hires: Socia Media and Community Manager, Legal Content Associate, In house developer)
  • 10% overhead (opex, admin and other expenses)
  • 6.5% Wefunder intermediary fee

Management Team / Advisory Board Bios

Wa'il Ashshowwaf - CEO + Cofounder
Helped 500+ founders build startups. Founder @unstucklabs.com & rooam.co. Worked @Walt Disney, Pepsi, HSBC. Studied @Harvard, Georgetown and CalState. Consulted @Desmond Tutu Truth + Reconciliation Commission, S. Africa & US Dept of State Fellow

Ibrahem AlHaidari - CFO + Cofounder
Talented engineer, salesman, investor and entrepreneur. Cofounded multiple businesses including a successful telecom and fiber optics startup over 10y ago that has grown into a multi million dollar business.

Berker Hazar - Cofounder
Immigrated to USA with $50 and a dream. As a student supported himself obtaining two masters degrees. Through savings and real estate investing purchased a restaurant and started an insurance company turning it into a multi million dollar business.

Deal Notes

Discount: 20%

Interest: 8%

Amount Raised : $0
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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