Tempo

Tempo

Gaming's interactive experience company

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Security Type
Crowd SAFE
Categories
Entertainment
Min Investment
$100
Location
Long Beach, CA
Offering Date
March 02, 2021
Expected Close Date
August 31, 2021
Target Raise
$25.00K-$1.07M
Deal Notes

Price Per Share: $1.00

Company Description

Vision The innovation of interactive mediaInteractivity is the future of media, and Tempo knows how to wield it. Whereas other media companies and platforms treat interactivity like a novelty, Tempo's products are built around this innovation. We believe the future of media is in interactivity,  and we intend to lead the way.Innovation thrives where gaming and production meet, and Tempo is at the convergence of this paradigm shift.Tempo's game designers make an interactive show more fun to play, while our videographers make them more fun to watch. Thanks to modern technology, the lines are blurring between different media verticals. We see few differences between interactive shows and games—the difference is just the medium. We make better products by combining best practices from both industries.Since the advent of radio, entertainment products have been a one-way flow of information; whether it's radio, TV, or movies, the experience is generally packaged and sent in a single direction.Modern technology is changing this.Thanks to new tech, media is becoming interactive and entertainment is becoming a two-way flow of information. A viewer watching a livestream can directly interact with and impact the show they are watching. When a viewer asks a question, the streamer responds. When the crowds clamor for something, the show can adapt on the fly to accommodate.Gaming is, has been, and will continue to grow for this very reason. Unlike radio, TV, and movies, games are interactive. Games let people experience their story instead of watching somebody else's. Games give humans the agency that we crave.The future of media is interactivity, and Tempo understands and delivers on this in a way most media companies haven't even thought of yet.

Key Deal Facts

Veteran esports organization founded in 2014
Esports organization turned game developer. Launching "The Bazaar" Q2 2021
Tempo Community is one of the largest community team in esports
Created and sold "Hivemind," Twitch.tv's very successful original game show
Launching a premium linear channel for gaming with Tempo Originals, Q2 2021
$2.4M in revenue in 2020, $4.5M estimated for 2021
Raised $5.85M to date from strategic investors like Galaxy Interactive

Use of Proceeds

  • Intermediary Fee
  • Bazaar Marketing Expenses
  • Bazaar Engineering Hires
  • Production Development
  • Community Development

Management Team / Advisory Board Bios

Andrey Yanyuk, CEO & Founder
2017 Forbes' 30 Under 30
Former World Champion Esports Competitor and #1 Twitch Streamer

Deal Notes

Price Per Share: $1.00

Amount Raised : $700,734
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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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