Audios

Wireless loudspeaker that doesn't require a WiFi router or Bluetooth

Security Type: Crowd SAFE
Min Investment: $100
Location: Atlanta, GA
Offering Date: September 18, 2020
Expected Close Date: February 15, 2021
Target Raise: $100.00K-$1.07M
Deal Notes: Discount: 25%

Company Description

Vision Our long term vision extends beyond speakersAudios is committed to achieving long-term growth and becoming a leader in the professional audio industry. By reaching our fundraising goal, we plan to expand operations, which will increase our brand presence, direct and retail sales globally.Our long term vision is to expand beyond the commercial audience and develop a consumer product line featuring speakers, headphones, and smart home devices.

Key Deal Facts

Investors include Charles Huang, Co-Creator of Guitar Hero
Advisors include Andy Rachleff, Co-Founder of Benchmark & CEO Wealthfront
1 patent granted, 2 patents pending, 3 patents awaiting submission
COVID-19 friendly, fewer staff & things to touch, social distancing events
B2B partnerships established in Miami and Las Vegas
Ready to go through manufacturing/production processes
$225k+ raised to date

Management Team / Advisory Board Bios

Erik Young
Co-Founder, CEO
Erik gained his expertise as an embedded engineer at HP for 6.5 years. To date, he has 5 patents, 2 paper publications, and 12 years experience building hardware products.

David Engler
Co-Founder, CFO
David gained his expertise as an hardware engineer at HP for 23 years. To date, he has 14 patents, and 30 years experience building hardware products.

Dan Wiggins
Advisor - Audio
Dan is the CEO and founder of Periodic Audio. He was also a principle Audio Engineer at Sonos and apart of the team that created the Sonos PLAY:1. He has 22 patents and designed the Audios speaker drivers to ensure the audio quality is top-notch.

Charles Huang
Advisor
Charles is an Angel investor and the co-creator of the world famous video game Guitar Hero. Within the first 3 years Guitar Hero grossed well over $1.85 billion dollars.

Andy Rachleff
Advisor
Andy is the creator of the term 'product-market-fit'. He is also the CEO and founder of Wealthfront as well as the Co-Founder of Benchmark Capital which manages nearly $3 billion in committed capital.

Deal Notes

Discount: 25%

Amount Raised : $638,580

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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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