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Security Type
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Convertible Note
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Categories
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Media, Technology, Financial Services, Retail, Art & Collectibles, Community & Lifestyle
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Min Investment
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$100
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Location
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San Francisco, CA
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Offering Date
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December 11, 2020
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Expected Close Date
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April 29, 2024
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Target Raise
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$50.00K-$3.00M
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No. Investors
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133
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Security Price
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$1
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Deal Notes
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Interest: 6%
Discount: 15%
- Number of Employees
- 5
- Cash
- $55,202
- Revenue
- $437,149
- Short Term Debt
- $278,964
- Cost of Goods
- $0
- Long Term Debt
- $2,302,752
- Net Income
- $-638,174
Company Description
Woofy Inc. is a smart marketing for underdogs aka small businesses at the price point of a cup of coffee. Manage using data science social media marketing, content marketing, optimizing any form of writing and smart speaker marketing. Learn more at HelloWoofy.com!
In 5 years, we hope to be a multi billion dollar enterprise supporting smallest of small businesses with a cutting edge marketing focused platform worldwide. These projections cannot be guaranteed.
Perks
Invest $250+ for Shoutout by the founder on Twitter
$500+ Shoutout by the founder on Twitter Free Woofy team member T Shirt
$1,000+ Shoutout by the founder on Twitter Free Woofy team member T Shirt (as seen in the videos) An “Investor” badge on your HelloWoofy profile 5 years of premium subscription to HelloWoofy.com ($3000 value)
$2,500+ Shoutout by the founder on Twitter Free Woofy team member T Shirt (as seen in the videos) An “Investor” badge on your HelloWoofy profile Lifetime premium subscription to HelloWoofy.com ($9000+ value)
$10,000+ Shoutout by the founder on Twitter Free Woofy team member T Shirt (as seen in the videos) An “Investor” badge on your HelloWoofy profile Lifetime enterprise subscription to HelloWoofy.com ($18000+ value) Listing on website as “investor”
$25,000+ Free Woofy team member T Shirt (as seen in the videos) An “Investor” badge on your HelloWoofy profile Lifetime enterprise subscription to HelloWoofy.com ($18000+ value) Option to join as an “advisor” Dinner with Founder at the next closing of a priced round
Invest $250+ for Shoutout by the founder on Twitter
$500+ Shoutout by the founder on Twitter Free Woofy team member T Shirt
$1,000+ Shoutout by the founder on Twitter Free Woofy team member T Shirt (as seen in the videos) An “Investor” badge on your HelloWoofy profile 5 years of premium subscription to HelloWoofy.com ($3000 value)
$2,500+ Shoutout by the founder on Twitter Free Woofy team member T Shirt (as seen in the videos) An “Investor” badge on your HelloWoofy profile Lifetime premium subscription to HelloWoofy.com ($9000+ value)
$10,000+ Shoutout by the founder on Twitter Free Woofy team member T Shirt (as seen in the videos) An “Investor” badge on your HelloWoofy profile Lifetime enterprise subscription to HelloWoofy.com ($18000+ value) Listing on website as “investor”
$25,000+ Free Woofy team member T Shirt (as seen in the videos) An “Investor” badge on your HelloWoofy profile Lifetime enterprise subscription to HelloWoofy.com ($18000+ value) Option to join as an “advisor” Dinner with Founder at the next closing of a priced round
Key Deal Facts
Company grew over 21,900% from launch in under a year. ?
Unique partnership with largest competitor, Hootsuite, potentially catering affordable data driven tool to nearly 20M social media professionals worldwide. ?
Team and founder are scrappy and extremely frugal with resources to maximize returns. ?
Small businesses globally today more than ever must have an affordable digital marketing strategy which HelloWoofy.com uniquely provides at cup of coffee level pricing. ☕
Use of Proceeds
$50,000
- Engineering/Product /PM Talent (18%)
- General Working Capital/Misc. (28%)
- Estimated Accounting Related Fees (8%)
- Estimated Marketing Related Fees (12%)
- Estimated Sales Related Fees (4%)
- Estimated Operations Fees (12%)
- Estimated Office Rental (10%)
- Reserve Capital (1.5%)
- Intermediary Fees (6.5%)
$500,000
If we reach the Maximum Fundraise Target, we expect to hire more engineering and marketing talent and to accelerate our product development and marketing initiatives significantly. We plan to deploy the proceeds as follows if we reach the Maximum Fundraise Target:
- Engineering/Product /PM Talent (18%)
- General Working Capital/Misc. (28%)
- Estimated Accounting Related Fees (8%)
- Estimated Marketing Related Fees (12%)
- Estimated Sales Related Fees (4%)
- Estimated Operations Fees (12%)
- Estimated Office Rental (10%)
- Reserve Capital (1.5%)
- Intermediary Fees (6.5%)
Management Team / Advisory Board Bios
Arjun Rai
Founder + CEO
• Generated over $195,000 in sales in 11 months • Increased monthly API to over 18M in 11 months • Expanded customer base 21,900% • Raised over $900,000 in pre-seed VC funding through a robust network of investors and self financing
Deal Notes
Interest: 6%
Discount: 15%