Sparrow

AI To Help Athletes Improve Starting with Golf

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Security Type
Debt
Categories
Entertainment, Technology
Min Investment
$100
Location
New York, NY
Offering Date
July 23, 2021
Expected Close Date
April 30, 2022
Target Raise
$50.00K-$3.00M
No. Investors
674
Security Price
$0.23
Valuation
$16,000,000
Website
sparrowup.com
Number of Employees
5
Cash
$821,060
Revenue
$0
Short Term Debt
$96,121
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-887,339

Company Description

Every athlete wants to improve.  For golfers, they typically want to break 100, 90, 80, par. Pro lesson are helpful but they take time and can be expensive. Sparrow helps golfers improve by analyzing your swing, identifying and showing you deficiencies, and suggest tips and drills so you can improve. Ultimately, Sparrow's technology is not just for golf, but it will be able to optimize all participation sports. 

Key Deal Facts

75% of Early Bird round (discount of 20%) is already full! (see to right)
Pro golfers: Martin Laird, Harold Varner III, Brittany Lincicome are investors + ambassadors
Our revolutionary App uses A.I. to help athletes improve, starting with golf
$7B market in golf, our first sport, with plans to expand into 12 sports
Previously raised $1.8M (oversubscribed) from Fortune 500 execs, serial Angel Investors, sport icons
Founders are Serial Entrepreneurs (2 previous exits), Product Innovators and A.I. PhD’s
Beta launch saw 94% repeat users - preparing to launch a few weeks after this round
Investor Perks - Limited edition signature items by pro golfers (see right or below)

Use of Proceeds

  • ($50,000) 53.3% towards development of the product, 22.4% towards sales and marketing (social media & email advertising), 17.8% towards general & administrative costs, and 6.5% towards Wefunder fees.
  • ($3,000,000) 54.2% towards development of the product, 23.4% towards sales and marketing (social media & email advertising), 15.9% towards general & administrative costs, and 6.5% towards Wefunder fees.

Management Team / Advisory Board Bios

Joe Chin, Co-Founder & CEO
Serial Entrepreneur, $20 mil raised, 2 successful exits | Rocket scientist: Designed satellites, MS/BS Berkeley, Columbia | Athlete and Coach: D1 Football Player, 8 years soccer coach / club board / league founder

Samuel Pigott, Co-Founder & COO
Solid COO/CTO (manages 50 person web/mobile dev agency) | Serious Product Chops: helped design/develop 100 apps, 100 mil+ users, 5 exits (bought/funded by Time, Twitter, Google) | State Champion Golfer (Vermont), 10 years soccer / basketball

Todd Eaglin, Co-Founder & Director of Engineering
AI and Computer Vision (CV) Expert | PhD in AI/CV from University of North Carolina | Previously developed AI apps for Lowes, Universal Studios, and T1V (used by doctors during surgery) | College and HS lacrosse player, Crossfit athlete
Amount Raised : $1,621,949
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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.

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