Vugo

Vugo

We help rideshare drivers make more money while riders get interactive entertainment

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Security Type
Preferred Stock
Categories
Service Businesses
Min Investment
$100
Location
Miami, FL
Offering Date
December 28, 2020
Expected Close Date
April 29, 2021
Target Raise
$50.00K-$1.07M
Deal Notes

Price per Share: $0.78

Valuation
$9,050,000

Company Description

VUGO uses software and digital screens to place advertising and entertainment content on top of and inside rideshare vehicles dispatched by rideshare companies like Uber and Lyft. 

We want to improve the world through democratizing on-demand shared transportation helping people have more affordable have access to affordable transportation options by adding incremental income to rideshare companies and drivers pockets. In 5 years, we hope to create enough value from advertising revenue and data to help make ridesharing free or nearly free for most short trips increasing access to transportation for millions of Americans once self-driving cars reach the market. 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 Classic VUGO Orange Aluminum Water Bottle from the SWAG Closet. A 24 oz single wall aluminum water bottle with threaded lid, carabiner, and key ring carabiner and key ring polybagged inside the bottle. This bottle is great for on the road or around the office to help you stay hydrated. 
$250+ A VUGO Branded Puma Golf/Baseball Adjustable Cap is an adult cap that features a performance sweatband and a pre-curve. It is a 6-panel cap that is moisture-wicking, and made up of  100% polyester! AND the Classic Orange VUGO Water Bottle.
$500+ VUGO Branded T-Shirt. Designed for home, office, or on the go in the car, our T-Shirt will recognize you as one of our investors and you can start conversations with your peers about how much you love VUGO. PLUS the Classic Orange VUGO Water Bottle, T-Shirt and VUGO Branded Golf/Baseball Cap.
$1,000+ VUGO Branded 10-ounce Self-Heating Coffee Mug. Designed for home, office, or on the go in the car, the new Ember Mug does more than simply keep your coffee hot. Our smart mug allows you to set an exact drinking temperature, so your coffee is never too hot, or too cold PLUS the Classic Orange VUGO Water Bottle, VUGO Branded Golf/Baseball Cap and T-Shirt.
$2,500+ North Face Soft Shell Vest with VUGO logo. This vest allows you to cover your core without restricting mobility in this abrasion- and wind-resistant North Face vest that has a warm, technical gridded fleece interior for additional comfort. PLUS the Classic Orange VUGO Water Bottle, VUGO Branded Golf/Baseball Cap, T-Shirt and self-heating Mug.
$5,000+ North Face Trekker Jacket, with VUGO logo. Designed with baffles contoured to fit your body, this streamlined jacket is lightweight and compressible. Excellent at retaining loft and warmth even when wet, the Trekker Jacket will keep you warmer regardless of the conditions, color Fire Brick Red. Plus all of the other swag from lower tier rewards, including the cap, t-shirt, water bottle, self-heating mug and North Face Soft Shell Vest.
$10,000+ Get a Zoom call with the founding team to discuss company strategy and growth plans in addition to all lower level perks and rewards.
$50,000+ Get 10% off your first advertisement campaign and a Zoom call with the founding team to discuss company strategy and growth plans in addition to all lower level perks and rewards. (This is also the level that grants information rights to investors, please see subscription agreement for details.)
$100,000+ Get 10% off your first advertisement campaign, and get 5% off each additional campaign for life (not transferable). Also, you'll get a Zoom call with the founding team to discuss company strategy and growth plans in addition to all lower level perks and rewards.
Invest $100+ for A Classic VUGO Orange Aluminum Water Bottle from the SWAG Closet. A 24 oz single wall aluminum water bottle with threaded lid, carabiner, and key ring carabiner and key ring polybagged inside the bottle. This bottle is great for on the road or around the office to help you stay hydrated. 
$250+ A VUGO Branded Puma Golf/Baseball Adjustable Cap is an adult cap that features a performance sweatband and a pre-curve. It is a 6-panel cap that is moisture-wicking, and made up of  100% polyester! AND the Classic Orange VUGO Water Bottle.
$500+ VUGO Branded T-Shirt. Designed for home, office, or on the go in the car, our T-Shirt will recognize you as one of our investors and you can start conversations with your peers about how much you love VUGO. PLUS the Classic Orange VUGO Water Bottle, T-Shirt and VUGO Branded Golf/Baseball Cap.
$1,000+ VUGO Branded 10-ounce Self-Heating Coffee Mug. Designed for home, office, or on the go in the car, the new Ember Mug does more than simply keep your coffee hot. Our smart mug allows you to set an exact drinking temperature, so your coffee is never too hot, or too cold PLUS the Classic Orange VUGO Water Bottle, VUGO Branded Golf/Baseball Cap and T-Shirt.
$2,500+ North Face Soft Shell Vest with VUGO logo. This vest allows you to cover your core without restricting mobility in this abrasion- and wind-resistant North Face vest that has a warm, technical gridded fleece interior for additional comfort. PLUS the Classic Orange VUGO Water Bottle, VUGO Branded Golf/Baseball Cap, T-Shirt and self-heating Mug.
$5,000+ North Face Trekker Jacket, with VUGO logo. Designed with baffles contoured to fit your body, this streamlined jacket is lightweight and compressible. Excellent at retaining loft and warmth even when wet, the Trekker Jacket will keep you warmer regardless of the conditions, color Fire Brick Red. Plus all of the other swag from lower tier rewards, including the cap, t-shirt, water bottle, self-heating mug and North Face Soft Shell Vest.
$10,000+ Get a Zoom call with the founding team to discuss company strategy and growth plans in addition to all lower level perks and rewards.
$50,000+ Get 10% off your first advertisement campaign and a Zoom call with the founding team to discuss company strategy and growth plans in addition to all lower level perks and rewards. (This is also the level that grants information rights to investors, please see subscription agreement for details.)
$100,000+ Get 10% off your first advertisement campaign, and get 5% off each additional campaign for life (not transferable). Also, you'll get a Zoom call with the founding team to discuss company strategy and growth plans in addition to all lower level perks and rewards.

Key Deal Facts

Ridesharing Companies & Drivers Are hungry for incremental sources of income. $200B+ Market Size.
Partnerships with Disney & VIA Ridesharing
Time Magazine named “Ad Dollars for Uber Drivers” one of the best inventions of 2019
Over 20,000 rideshare have applied to our waiting list to work with us.
Startups.com Named VUGO as one of the top 10 startups to watch in 2018
We won the nation’s largest statewide startup competition for high-tech startups in 2016, at the U of M
We won the 2016 Eureka Innovation Award for Advertising and Marketing
The State of Florida has legalized rideshare advertising statewide as of 06/23/2020

Use of Proceeds

$50,000

If only the minimum is raised, the funds generated will be used to support ongoing new projects with key partners until an additional round of funding is set up. We are targeting 40% towards operating expenses, 10% towards development and tech management, and 40% for market expansion, 2.5% for miscellaneous expenses and 7.5% toward Wefunder fees. 

$1,070,000

30% towards operating expenses, 15% towards development and tech management, and 40% for market expansion, 7.5% for miscellaneous expenses and 7.5% toward Wefunder fees. 

Management Team / Advisory Board Bios

Robert Flessner
CEO and Co-Founder
Rob has built and managed multiple products in the healthcare IT/pharmacy space that have been acquired. It's likely you have used one of his products without even knowing it.

James Bellefeuille
Chief Commercial Officer and Co-Founder
James came up with Vugo while moonlighting as an Uber driver and working at a marketing agency in 2013. James leads our commercial team with 10+ years of experience on the agency and client-side of the table. Rideshare Advertising Assoc. President.

Leo Yanchuk
Chief Information Technology Officer
Leo is an accomplished, outcome-driven technology leader with deep experience in transportation and logistics management practice with a focus in information delivery and Smart City integration for over 22 years.

Harry Campbell
Advisor - Subject Matter Expert & Driver Advocate
Harry is the foremost independent authority in ridesharing. He launched TheRideshareGuy.com which is now the leading independent publication for rideshare drivers worldwide.

Deal Notes

Price per Share: $0.78

Amount Raised : $0
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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.

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