Crowdfind

Crowdfind

Keeping crowds happy, one image at a time

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Security Type
SAFE
Min Investment
$100
Location
Chicago, IL
Offering Date
May 24, 2018
Expected Close Date
July 23, 2018
Target Raise
$25.00K-$1.07M
Deal Notes
  • Type of security: Crowd Safe · Learn more
  • Discount: 20%
  • Valuation cap: $8,500,000
  • Investment size: min $100, max $107K

Company Description

Operations departments are becoming more dependent on technology to operate effectively. Overlooked areas like Lost & Found, Security, and Maintenance do not have easy-to-use solutions that live up to their needs. This issue leads to inefficient and ineffective processes that result in errors, poor communication, and negative customer service experiences. Venues, events, and transportation agencies have budgets to spend on software solutions, but the reality is that most options are outdated, difficult to use, expensive, or simply non-existent. Crowdfind’s image-led workflow delivers exactly what the operators are asking for. It is an easy-to-use, cost-effective, and up-to-date software providing designed to solve issues they face daily. Since 2014, Crowdfind has completely revolutionized how companies manage Lost & Found. Now, our clients are signing up for exciting platform expansions coming in 2018 to resolve issues in other departments.

Perks

Invest $250 - A Crowdfind laptop sticker
Invest $500 - A Crowdfind T-Shirt and laptop sticker
Invest $1,000 - A virtual meeting with the Crowdfind leadership team, a Crowdfind T-Shirt and laptop sticker
Invest $10,000 - Stop by the Crowdfind Chicago offices in person, where you will meet with the leadership team to learn more about what we are building.

Key Deal Facts

Lost & Found software that helps high traffic organizations manage lost items and reunite them with their owners
Subscription-based business model and expanding client base
Q1 2018 revenue up 448% vs. Q1 2017 
Coachella, Live Nation, and some of the largest event and venue operators are our customers
50% Increase of lost items returns
Expanding platform to address the broader $60 Billion Software-as-a-Service (Saas) Enterprise market

Use of Proceeds

  • 34% Future Wages
  • 18% Repayment of Debt
  • 14% General Working Capital
  • 14% Research and Development
  • 9% Repayment of Obligations in Arrears
  • 2% General Marketing
  • 6% Intermediary Fees

Management Team / Advisory Board Bios

Jay Sebben
CEO & Founder
Jay Sebben co-founded Crowdfind and serves as its Chief Executive Officer. The idea for Crowdfind came when Jay saw a lost dog flyer at a coffee shop in Chicago and realized there had to be a better way to track lost items. In 2005, Jay began buying small technology companies, forming a part of the now venture development company, L Street Collaborative, LLC. He has spent most of his professional career balanced between the challenges of corporate finance and the thrills of entrepreneurship. He has been involved in numerous start-ups and related financings and has participated in several buyouts of existing companies over his 15-year career.

Dan Sullivan
President & COO
Dan Sullivan has been with the company since 2013 where he worked as the Product Director. Since then he has also held the positions of General Manager and VP, Operations at Crowdfind. Prior to working at Crowdfind, Dan served as VP at L Street Collaborative. L Street Collaborative buys, builds, operated and invests in different technologies. Dan received a B.A. in Communication and Culture from Indiana University.

Deal Notes

  • Type of security: Crowd Safe · Learn more
  • Discount: 20%
  • Valuation cap: $8,500,000
  • Investment size: min $100, max $107K
Amount Raised : $54,859
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Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

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