Key Deal Facts
MAGFAST’s chargers and power banks are revolutionary, because they snap together magically, and charge as soon as they touch. No wires. No mess. No missing cables. They just work. A family, because, like all good families, they work together.
We know there’s a huge demand and our customer-acquisition model is proven: we test launched MAGFAST in 2017 and pre-orders totaled over $250,000 in under 15 minutes, over $600,000 in the first 24 hours. Higher-end consumers have to-date placed pre-orders worth over $9M and we are on track for nearly $10M in pre-orders by the end of 2020.
The global market for chargers and portable power banks is worth over $20 billion, and growing fast [2]. Yet somehow there are no great charging brands!
Management Team / Advisory Board Bios
Seymour Segnit
Founder & President, Controlling Member of Manager - Mischievous LLC
Seymour is MAGFAST’s eclectic, experienced, passionate, highly-talented CEO. Now a leading authority on internet marketing, Seymour builds magic and drives down risk to deliver a range of products that Seymour calls 'The best work of my life'.
Amy Rau Segnit
Co-Founder & Secretary, Controlling Member of Manager - Mischievous LLC
Amy has been Seymour’s partner, in both business and life, for over a decade— lending her unique creative abilities, skills and sparkle to everything from branding to social media campaigns to product packaging.
Rich Warwick
Operations
Rich is a highly driven serial entrepreneur, two-time founder, and a veteran executive of eight venture-funded startups, where his roles were VP of Engineering & Operations, COO and CEO. Among these startups, Vignette achieved an $18B market cap and Evernote grew to over 100M customers.
Rex Northen
Investment Strategy
Rex leads MAGFAST’s investment strategy and advises on customer development. He has helped launch and run more startups than most of us will meet in 20 lifetimes: after graduating from Oxford, his first software company attracted clients like Body Shop, Honda and Shell. In Silicon Valley, he was CEO of Bizfinity, a ground-breaking online financial platform.
Bryan Lemon
Technology
Bryan leads the e-commerce and server infrastructure strategy at MAGFAST. He has led the software development teams at multiple smart-home startups and other companies over his career, with deep expertise in website performance and security.