Boonoob

Boonoob

THE SOCIAL WEB FOR SOCIAL GOOD!

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Security Type
SAFE
Categories
Media
Min Investment
$500
Location
San Francisco, CA
Offering Date
October 07, 2020
Expected Close Date
February 26, 2021
Target Raise
$50.00K-$250.00K
Deal Notes

Discount: 30%

A SAFE gives you the right to future shares in the company. If you invest, you're betting the company will be worth more than $10M in the future.

Company Description

Boonoob is a social networking platform that aims to connect people in the most sustainable and unique ways to meet their needs, to do good, and spread happiness with our core values of Good planet, Good people, Good products, Good places, Good parties, Good privacy, and Good prices. We strive to connect people amidst this pandemic who can freelance and volunteer for opportunities posted by fellow users. 

In 5 years, we hope to be the biggest social networking platform that encourages a happier and healthier lifestyle. We strive to connect hundreds of millions of people in order to remain active, help each other in their daily lives, improve physical and mental health, run errands for others, buy and sell products and services, and facilitate activities like volunteering, donations, events, and parties. These are future projections that cannot be 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 $100+ for A ticket to New Year's Eve virtual party 2021.
$250+ Free shipping, a custom pen and a ticket to New Year's Eve virtual party 2021.
$500+ Free shipping, a custom coffee mug and a ticket to New Year's Eve virtual party 2021.
$1,000+ Free shipping a T-shirt and a ticket to New Year's Eve virtual party 2021.
$2,500+ Free shipping, a Hoodie, a meeting with Boonoob team, and a ticket to New Year's Eve virtual party 2021.
$5,000+ Free shipping, a Hoodie, a meeting with Boonoob team, a book "Rich Dad, Poor Dad" by Robert Kiyosaki signed by Boonoob team, and a ticket to New Year's Eve virtual party 2021.
$10,000+ Free shipping, a Hoodie, a meeting with Boonoob team, High-Quality Modern Wallet with $100 gift card, a book "Rich Dad, Poor Dad" by Robert Kiyosaki signed by Boonoob team, and a ticket to New Year's Eve virtual party 2021.
Invest $100+ for A ticket to New Year's Eve virtual party 2021.
$250+ Free shipping, a custom pen and a ticket to New Year's Eve virtual party 2021.
$500+ Free shipping, a custom coffee mug and a ticket to New Year's Eve virtual party 2021.
$1,000+ Free shipping a T-shirt and a ticket to New Year's Eve virtual party 2021.
$2,500+ Free shipping, a Hoodie, a meeting with Boonoob team, and a ticket to New Year's Eve virtual party 2021.
$5,000+ Free shipping, a Hoodie, a meeting with Boonoob team, a book "Rich Dad, Poor Dad" by Robert Kiyosaki signed by Boonoob team, and a ticket to New Year's Eve virtual party 2021.
$10,000+ Free shipping, a Hoodie, a meeting with Boonoob team, High-Quality Modern Wallet with $100 gift card, a book "Rich Dad, Poor Dad" by Robert Kiyosaki signed by Boonoob team, and a ticket to New Year's Eve virtual party 2021.

Key Deal Facts

THE WORLD NEEDS HAPPINESS! PEOPLE NEED A NEW SOCIAL NETWORK!
COMBINING MULTI BILLION DOLLAR MARKETS!
Impact! Unique design and brand! First to market! Financial incentives! Low fees! Privacy first!
Generating job opportunities, encouraging donation, volunteering, and philanthropy. Donates 10% NGOs
Upcoming NYE 2021, a 24 hours virtual party connecting 10k-50k people across the globe.
Have connected thousands of people and listed hundreds of events. Our 2020 NYE party generated $83k.
Participating in the Newchip Accelerator.
Team grew explosively from 3 to 25+ in 2020. Driven, and professional. World-class advisors!

Use of Proceeds

$50,000 

  • 70% salary
  • 12.5% towards marketing and sales
  • 10% other expenses and business development
  • 7.5% towards Wefunder fees.

$250,000 

  • 50% salary
  • 22.5% towards marketing and sales
  • 10% Infrastructure and cyber security
  • 10% other expenses and business development
  • 7.5% towards Wefunder fees.

Management Team / Advisory Board Bios

Hesam Jafari
CEO
A visionary problem-solver. Able to bring creative solutions to life with teamwork and efficient use of resources. MBA from University of San Francisco. Masters in Mechanical Engineering. Masters in Materials Science. Launching Boonoob.

Yves Songolo
CTO
A software engineer at heart with background in developing and perfecting iOS apps. Can be caught daydreaming about building great things from scratch. Software Engineering from Make School. Computer Science from Essex College. Launching Boonoob

Kishan Trivedi
CMO
A restaurateur-turned-CMO, who’s analytical, mathematically strong and has strong business acumen. Masters of International Business. Institute of Chartered Accountants of India. Launching Boonoob.

Michelle Baguio
Head of Human Resources

Marianne Baguio
Head of Product Design

Mocar Sankara
Joint Head of Finance

Rahul Kumar
Joint Head of Finance

Alireza Toghyiani
iOS Lead

Bhavin Mehta
Marketing Manager

Erick Espinoza
iOS Product Developer

Zalak Patel
UI/UX Designer

Vince De Vera
UI/UX Designer

Sukirti Dash
iOS Developer

Maria Morfeeva
Marketing Brand Strategist

Yifei Tong
Machine Learning Engineer

Zhenyao Yuan
Economy and Market Researcher

Shihui Chen
Developer Intern

Siwei Guo
Developer Intern

Zhenyu Ye
Developer Intern
My name is Zhenyu Ye, a master student at Northeastern. I joined Boonoob as a backend intern. Now I mostly focus on creating service to improve our customers' experience of connecting with their friends and am glad to contribute more as a boonoober!

Anish Sridhar
UI/UX Designer

Shiao Zhang
Developer Intern

Syed Ghous Ali Shah
Sales and Marketing

Deal Notes

Discount: 30%

A SAFE gives you the right to future shares in the company. If you invest, you're betting the company will be worth more than $10M in the future.

Amount Raised : $0
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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.

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