Commissary Club (previously 70 Million Jobs)

Commissary Club (previously 70 Million Jobs)

The exclusive social network for people with a criminal history

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Security Type
Crowd SAFE
Categories
Media
Min Investment
$100
Location
Los Angeles, CA
Offering Date
March 08, 2021
Expected Close Date
August 06, 2021
Target Raise
$25.00K-$371.06K
Deal Notes

Discount: 0%

Company Description

A historic opportunity to address all the needs of a huge, emerging populationAs one of the few for-profit companies marketing exclusively to this huge population of formerly incarcerated people (and their friends and family), we have an unprecedented opportunity to both drive explosive revenue growth while achieving massive social good. We call this "double bottom line returns." 

Key Deal Facts

Finalist on TV's "Meet the Drapers"
Re-branding of highly successful 70 Million Jobs
$5M ARR (pre-coronavirus) + 3k jobs placed
$40M in revenue by year 3
$1.7M in funding from investors, Y Combinator, Founder's Fund, Insight
11M+ people in community with 170M+ potential customer base
Minimum TAM of $80B+

Management Team / Advisory Board Bios

Richard Bronson
Founder/CEO
Richard Bronson is the founder and CEO of 70 Million Resources, Inc., parent company of Commissary Club and 70 Million Jobs.

Seth Sundberg
VP of Operations

Adrienne Hatter
Director of Programs

Chris Wood
Technology Lead

Victor Lombard "DIVINE"
Business Development, Community Manager

Andrew Garson
Business Development, Communications

Robin Segalson
VP of HR

Amanda Huang
Marketing Associate, Graphic Design

Deal Notes

Discount: 0%

Amount Raised : $89,640
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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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