Upside

Fantasy sports & betting app where the players (i.e. users) own the House

Print
Claim My Business
Security Type
SAFE
Min Investment
$300
Location
MIAMI, FL
Offering Date
August 20, 2024
Expected Close Date
December 15, 2024
Target Raise
$50.00K-$1.24M
No. Investors
34
Security Price
$1
Website
upsideapp.com
Number of Employees
1
Cash
$0
Revenue
$0
Short Term Debt
$809,564
Cost of Goods
$0
Long Term Debt
$50,000
Net Income
$-695,098

Company Description

Everyone knows the House always wins. That is why we are inviting you to own the House.

Perks

Invest
$5,000
Receive
18 holes of golf with Michael Vick
Limited (2 left of 2)

Key Deal Facts

Fantasy sports & betting co. where players (i.e. users) own 30% of equity
Players earn equity for gameplay, referral, & for helping build the company
10% of equity is reserved to benefit mental health & addiction
Safe & social betting app for fantasy sports, bracketology, & sportsbook
Patented NCAA bracket product let's users change picks in real-time
Games successfully operated w/ CBS Sports, SB Nation, Entercom, & more
Raised $1.4MM & acquiring $3MM+ in proven gaming assets (incl. patents)

Management Team / Advisory Board Bios

Tom McAuley
Co-Founder & CEO

Sam Williams
Co-Founder & CCO

Tom Alexander
Co-Founder & CMO

Wael Abou-Zaki
Creative Director

Mark Brenner
Co-Founder & Strategic Advisor

Jody Bechtold
Responsible Gaming Advisor
Amount Raised : $640,720
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

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.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments