Joi

Joi

The FIRST bot to sell Direct Sales products on Facebook!

Print
Security Type
SAFE
Min Investment
$100
Location
Greenville, SC
Offering Date
October 16, 2020
Expected Close Date
February 18, 2021
Target Raise
$50.00K
Deal Notes

Discount: 20%

Company Description

Joi is a bot that allows Direct Sales consultants to make sales directly on Facebook. This greatly reduces friction in the buying process, which is a solution that is urgently needed in this industry. In 5 years, we hope to be fully integrated with the 200+ Direct Sales companies throughout the United States. The Direct Sales industry is also popular in South America, Asia, and Europe, so there's plenty of room for international expansion as well. (These are future-looking projections and are not guaranteed)Given the Company’s limited operating history, the Company cannot reliably estimate how much revenue it will receive in the future, if any.

Perks

Invest $1,000+ for Receive two Joi T-shirts, plus a couple of fancy laptop stickers!
$10,000+ Receive two Joi T-shirts, two laptop stickers, plus a call from the CEO!
Invest $1,000+ for Receive two Joi T-shirts, plus a couple of fancy laptop stickers!
$10,000+ Receive two Joi T-shirts, two laptop stickers, plus a call from the CEO!

Key Deal Facts

We are partnering with a software company that's allowing Joi to integrate with 50 of their clients.
We've already met with every single Direct Sales company in the state of Utah (& many in TX and FL).
Since the Covid crisis began, Direct Sales companies are reporting historic growth in sales.
The Direct Sales industry is heavily networked so word about Joi will quickly spread online.
Joi will increase sales for Direct Sales consultants by removing friction from the buying process.
Our team is deeply connected with the Direct Sales industry and knowledgeable about the market.

Use of Proceeds

$50,000

  • 92.5% towards the software cost for building Joi and integrating with first Direct Sales software
  • 7.5% Wefunder fees 

$100,000

  • 75% towards the software cost for building Joi and integrating with first Direct Sales software
  • 10% for Direct Sales rep marketing and customer success
  • 7.5% for corporate operational expenses
  • 7.5% Wefunder fees 

Management Team / Advisory Board Bios

Michael Stevens
CEO
Michael is a professional web developer, video editor, and graphic designer with many years of management experience in the tech industry.

Deal Notes

Discount: 20%

Amount Raised : $21,128
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

Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments