Gatsby

Gatsby

Options trading platform for a new generation of traders

Print
Security Type
Preferred Stock
Categories
Other
Min Investment
$999
Offering Date
January 17, 2021
Expected Close Date
April 17, 2021
Target Raise
$1.00M-$5.00M
Deal Notes

Round type: Series A Round size: US $5,000,000 Minimum investment: US $999 Target Minimum: US $1,000,000 Raised to date: US $2,726,175 Security Type: Preferred Equity Share price: US $0.92 Pre-Money valuation: US $25,000,000 Option pool: 5.0% Is participating?: False Liquidation preference: 1.0x

Valuation
$25,000,000

Company Description

Options trading platform for a new generation of tradersWe believe options are a powerful tool, and are perfect for many traders who want risk and and want to make money when stock prices fall. With a small account, investors can dial up the risk and trade on or against public companies and ETFs. Despite this, young traders are turning to other assets like crypto, penny stocks and sports betting, all the while skipping over a potentially more time-tested and regulated security in options.Gatsby helps new traders bridge the language gap and start trading options like the pros, eliminating unnecessary jargon and adding a social layer to help find inspiration from friends and the community, helping both new and experienced traders utilize the options markets in a new way.We believe the options markets are exploding, with record-setting years in 2018, 2019, and already in 2020, but younger investors have been left behind.It's been more than a decade since OptionsXpress, OptionsHouse and ThinkorSwim were acquired, and more than 10 years since anyone has done anything new and innovative in options. Gatsby is the next word in options trading, cutting the jargon and reimagining what an options trading platform looks like in 2020.Since the close of our last round, Gatsby has completed a clearing broker integration, been granted our Broker Dealer license from FINRA, launched to the public, acquired over 7000 accounts and is executing over 100,000 options contracts (with some days exceeding 3000 contracts).

Perks

Quarterly shareholder updates
Early access to product betas
$100 of trading credit in your Gatsby account
Participation in annual investor call with management team
$500 of trading credit in your Gatsby account
Participation in annual investor call with management team
Gatsby swag (t-shirt, hat, or sweatshirt)
$1000 of trading credit in your Gatsby account
Participation in annual investor call with management team
Gatsby swag (t-shirt, hat, or sweatshirt)
Lunch with Gatsby CEOs
$1000 of trading credit in your Gatsby account
Participation in annual investor call with management team
Gatsby swag (t-shirt, hat, or sweatshirt)
Private tour of the Gatsby headquarters in New York
$1000 of trading credit in your Gatsby account
Participation in annual investor call with management team
Gatsby swag (t-shirt, hat, or sweatshirt)
Private dinner with Gatsby management team in New York

Key Deal Facts

Raised $3M+ to date from leading investors including Barclays, Techstars, Rosecliff Ventures, SWS Ventures, Irish Angels and Plug & Play Ventures
Since launching in December 2019, the app has crossed over 100,000 options contracts ($30M+ of trades) with an average growth rate of over 10% / week
Acquired over 7,000 accounts since launch with an average funded account balance of over $1,100
Average customer acquisition cost of $23.49 / account
Team includes 2 founders with former exits, founder of Public.com, former Goldman Sachs MD, former Amazon, and Instinet Senior Management

Management Team / Advisory Board Bios

Ryan Belanger-Saleh
Co-CEO
Former founder of Dealtable.com (Acquired 2018) and former CTO of BLUE Technologies. Graduated from Northeastern University in 2011.

Davis Gaynes
President
Former senior executive at Instinet and board member at Reuters America. Heads up brokerage operations, business development, risk and compliance at Gatsby.

Jeff Myers
Co-CEO
Co-founder of Dealtable.com. Has launched award-winning apps with 1M+ active users. Formerly led digital product at NBCUniversal. Graduated from Trinity College in 2010.

Deal Notes

Round type: Series A Round size: US $5,000,000 Minimum investment: US $999 Target Minimum: US $1,000,000 Raised to date: US $2,726,175 Security Type: Preferred Equity Share price: US $0.92 Pre-Money valuation: US $25,000,000 Option pool: 5.0% Is participating?: False Liquidation preference: 1.0x

Amount Raised : $2,726,175
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

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments