CountertopSmart

CountertopSmart

The ingenious way to save big on countertops

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Security Type
Crowd SAFE
Categories
Building & Construction
Min Investment
$100
Location
Austin, TX
Offering Date
January 19, 2021
Expected Close Date
April 30, 2021
Target Raise
$25.00K-$1.07M
Deal Notes

Discount: 0%

Company Description

Vision Control the countertop industry by consolidating the fabricators1. The partial slab marketplace is the unbeatable value prop that scales quickly and entrenches CountertopSmart at fabricator shops across the country.2. We'll take advantage of our online position to establish a leading brand name.3. We'll roll out subscription software that caters to the fabrication industry and monetizes add-on services.4. Partial slabs are great for certain types of projects but we can monetize all types of projects by charging for lead generation. 5. We'll launch the B2B Marketplace where fabricators shop full slabs and volume orders from distributors and manufacturers. We'll take a cut of the full slab sale, and then take a cut of the remaining partial slab sale!

Key Deal Facts

Combined TAM of $30B+
2K+ partial slabs sold and established 22% revenue from repeat purchasing
$750K run rate and 50% take rate
2 active markets in Austin and San Antonio
Winner CodeLaunch 2018; Techstars Austin 2019; Quake VC Accelerator 2020

Management Team / Advisory Board Bios

Zach House
CEO; Co-founder
Zach is a serial entrepreneur with over a decade of experience in the countertop industry.

Tazio Deihl
Director of Field Operations; Co-founder
Tazio is a 2nd time founder with expertise in supply chain and inventory management.

Dustin Lancaster
VP of Engineering
Dustin has over a decade of experience working in software startups in senior and director level engineering roles.

Deal Notes

Discount: 0%

Amount Raised : $109,980
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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