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Security Type
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SAFE
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Min Investment
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$100
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Offering Date
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March 03, 2021
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Expected Close Date
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June 10, 2021
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Target Raise
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$50.00K-$1.07M
Company Description
Vestigo helps teams level-up their problem solving and team building through VR adventure experiences.
Key Deal Facts
Timing: VR tech + COVID = the perfect storm of opportunity & demand for virtual team development
Resilience: 5 yrs self-funded has generated $0.5M+ in revenue & profitability through scrappiness
Following: CEO is a world-record-setting adventure poly athlete with over 400K social followers
Traction: Current clients include AT&T, Mercedes-Benz, Microsoft, Home Depot, EY, and Chick-fil-A
Product: 3 Initial custom experiences developed with plans for many more
Recognition: Won a Global Impact Challenge from Silicon Valley's Singularity University
Media: Connected to industry experts through our top-ranked podcast, "Inside the Adventure"
Use of Proceeds
$50,000
- 93.5% towards hiring an Unreal Blueprint VS C++ expert
- 6.5% towards Wefunder fees
$1,070,000
- 40% towards building an exceptional dev team: 2 VR developers (Unreal Blueprint VS C++ experts), 1 3D asset developer, 1 project manager
- 20% towards hiring a sales team: 1 account executive and 2 SDRs
- 10% towards expanding our VR headset inventory
- 13.5% towards founders salaries (we have never taken a pay check from Vestigo)
- 6.5% towards Wefunder fees
- 10% unexpected expenses (contingency funds).
Management Team / Advisory Board Bios
Marshall Mosher
Founder & CEO
Whether I'm teaching the X-Prize Founder how to fly a jet pack, paragliding first descents, or piggybacking a disabled friend 80 miles on the AT, I strive to use action sports + tech to showcase how limits, like fears, are often just an illusion.
Daniel McBrayer
Co-Founder & CTO
Former attorney enamored with software and business. Met Marshall while doing his MBA at UGA. Leads software development, site maintenance, and technology infrastructure.
Nicolas P Kernick
Director of Strategy
Harvard Business School MBA & Baker Scholar, triple first in theoretical physics @ University of Cambridge UK, Consultant and Senior Data Scientist @ Boston Consulting Group & BCG Gamma
Michael Mannino Director of Neuroscience & Technical Advisor
Neuroscience Ph.D., Director of Programs @ Institute for Data Science and Computing, UMiami.
Nicki Rachlin Director of Operations
Nicki is a business development, marketing, and operations leader with success in increasing revenue for Fortune 500 and midsize companies.
