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Security Type
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Debt
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Categories
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Technology
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Min Investment
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$200
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Offering Date
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September 02, 2021
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Expected Close Date
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April 30, 2022
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Target Raise
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$50.00K-$1.00M
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No. Investors
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123
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Security Price
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$1
- Number of Employees
- 1
- Cash
- $189,530
- Revenue
- $0
- Short Term Debt
- $2,250
- Cost of Goods
- $0
- Long Term Debt
- $200,000
- Net Income
- $-12,610
Company Description
Accepted into NewChip and NVIDIA's startup accelerators
$200,000 raised in first part of this round
Highly technical founder with a long history of designing revolutionary products
Key Deal Facts
Autonomous delivery market estimated to exceed $24B by 2027
Self-driving technology expected to fundamentally change the world's economy
Highly technical founder with a long history of designing revolutionary products
Management Team / Advisory Board Bios
Howard Stark,Howard Stark, Founder / CEO
Senior software / hardware engineer with BSEE degree. Awarded two Emmy's and two Motion Picture Academy awards for revolutionary product design in the TV and Film industry.
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
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The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
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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
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The value of the company compared to similar companies raising money from investors.
Valuation
Security Description
Debt is something, usually money, borrowed by one party from another. Debt is used by many corporations and individuals to make large purchases that they could not afford under normal circumstances. A debt arrangement gives the borrowing party permission to borrow money under the condition that it is to be paid back at a later date, usually with interest.