House Pickleball

Stylish pickleball paddles made for the modern player

Security Type: Crowd SAFE
Min Investment: $200
Location: NEW YORK, NY
Offering Date: June 20, 2024
Expected Close Date: October 18, 2024
Target Raise: $50.00K-$1.24M
No. Investors: 59
Security Price: $1
Website: housepickleball.com

Number of Employees: 1
Cash: $1,410
Revenue: $70,637
Short Term Debt: $24,413
Cost of Goods: $33,243
Long Term Debt: $0
Net Income: $1,022

Company Description

Pickleball has become one of the popular sports of the nation. Below is the percentage growth in players by age group from 2018-2022.

Key Deal Facts

Community-focused Pickleball brand in NYC for Zillennials
New platform for designing and ordering custom pickleball paddles
Have produced custom paddles for Wal-Mart, Cheez-It, Barbour and more!
Produced 1,200 paddles for nationwide pickleball community events
House #1 brand selected by college athletes on Marketpryce NIL Platform

Management Team / Advisory Board Bios

Mark Vermylen
Founder

Ismet Hurtic
Advisor

Amount Raised : $71,101

Reveal the Score by Voting

＿

Additional ratings from other users are needed to determine a viable CrowdScore for this deal.

The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.

ⓘ

The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.

Business Idea

ⓘ

The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.

Business Traction

ⓘ

The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.

Management Team

ⓘ

The value of the company compared to similar companies raising money from investors.

Valuation

Have you done enough research to provide a rating? This is important for your fellow investors.

We only allow one revision to each rating category. Be sure about any changes.

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.

Research Reports

No reports have been submitted

Become a Reporter

Read Our Research Disclaimer

0 Comments

To claim your deal, you must have access to @housepickleball.com email

Contact support@crowdlustro.com if you need assistance.

@housepickleball.com