Gravity Jack

Print
Claim My Business
Min Investment
$349
Location
Spokane, WA
Offering Date
September 12, 2023
Expected Close Date
December 11, 2023
Target Raise
$15.00K-$1.24M
No. Investors
64
Security Price
$3.92
Website
gravityjack.com
Number of Employees
16
Cash
$143,090
Revenue
$1,583,865
Short Term Debt
$314,914
Cost of Goods
$592,242
Long Term Debt
$635,700
Net Income
$-59,115

Company Description

Gravity Jack is an augmented and virtual reality agency with an unyielding pursuit to create a world where technology & the human experience intersect through augmented reality.

Use of Proceeds

The company plans to use the proceeds for R&D, company employment, working capital, and platform fees.

Management Team / Advisory Board Bios

The company has a very strong technical team with experience growing startups.

Aaron Luke Richey, Founder and CEO
Richey began coding software at 14, including work for NASA and NASDAQ. He has created many successful startups. He sold his last company to a gaming company in 2009 and founded Gravity Jack, Inc. that November with the vision of mobile-based Augmented Reality. He quickly established the company as a leader in the space, with a strong patent portfolio, a dedicated research team, and a top-tier client roster. Richey attended Eastern Washington University, where he studied Mathematics, Business and Computer science. He has extensive experience in building tech companies and startups. Currently, he works full-time with Gravity Jack.

Jennifer Lorraine Richey, Chief Strategy Officer (CSO)
Jennifer has been in the technology sector since leaving school to help kick off a startup in 2002. Her first foray into technology was as the CFO of Tometa Software, a custom software development company that was acquired in 2007. From this, Jennifer went on to assume the same role at PlayXpert, a gaming company, and, in 2009, helped spearhead the formation of Gravity Jack. Along with being a technology futurist and entrepreneur, she is a mother of four, a professional triathlete, an extreme athlete, and a skydiver.

Tricia Petrinovich, CFO
Tricia Petrinovich is Gravity Jack’s CFO and is an experienced financial leader specializing in financials, forecasting, metrics, diligence, and optimization. She holds an MBA and has experience in multiple industries, from manufacturing, technology, and SaaS to service and professional industries.

Valuation Notes

The company has valued itself at $22.78M pre-money. While the prospects of the company look good with strong and talented management, excellent potential product, and existing active revenue sources, the company still looks overvalued at this valuation for the current stage.
Amount Raised : $74,157
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Research Reports

No reports have been submitted

Become a Reporter

0 Comments