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Security Type
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SAFE
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Min Investment
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$100
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Location
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San Francisco, CA
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Offering Date
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June 19, 2018
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Expected Close Date
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January 23, 2019
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Target Raise
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$25.00K-$1.07M
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Deal Notes
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- Type of security: Crowd Safe · Learn more
- Discount: 20%
- Valuation cap: $7,000,000
- Investment size: min $100, max $107K
Company Description
Balloonr is a platform to address how humans actually share information and make decisions. We built Balloonr from the ground-up - based on hundreds of studies across the areas of cognitive science, neuroscience, social science, public health, and psychology. By removing the most costly cognitive biases (groupthink, anchoring, pattern recognition, gender bias, etc.) from collaboration, Balloonr is able to surface previously unreachable knowledge.
Perks
Invest $100 - A 'thank you' note from Balloonr team and Balloonr stickers.
Invest $250 - All of the above and your name featured on a very special investor page on the Balloonr website.
Invest $500 - All of the above and an invitation to a group on the Balloonr platform just for our investors.
Invest $1,000 - All of the above and a Balloonr branded sweatshirt.
Key Deal Facts
SaaS platform to improve enterprise collaboration and decision-making by removing costly biases and surfacing anonymous ideas and feedback.
Annual SaaS subscriptions with BMW, Capital One, Thumbtack, LA Angels, and others. Upcoming paid pilots with Google and Airbnb.
$250k Annual Recurring Revenue; $1M in projected expansions with current customers; $3.4M inbound sales pipeline.
Dartmouth-Carnegie Mellon founding team. CEO is a public health researcher and designed national behavior change campaigns for government agencies.
$765k raised to date from Wavemaker Partners, 500 Startups, DreamIt Ventures, and others.
500 Startups Batch 19 Alumni
Featured in CNN, The Ringer, Crunchbase, Bloomberg, among others.
Use of Proceeds
- Intermediary Fees 5.61%
- Estimated Attorney Fees 0.28%
- Estimated Accountant/Audi tor Fees 0.18%
- General Marketing 0.47%
- Research and Development 9.35%
- Equipment Purchases 0.47%
- Future Wages 58.41%
- General Working Capital 25.23%
Management Team / Advisory Board Bios
Amanda Greenberg
CEO & Co-Founder
Before founding Balloonr, I was a public health researcher in DC that developed national behavior change campaigns for the U.S. Environmental Protection Agency and Department of Energy. My work was focused on translating science and research into national behavior change campaigns. It was in that role, I noticed a huge problem with the way that we work. I needed to get critical ideas and feedback from my team. I tried all of the tools available to me - surveys, in-person meetings, various collaboration tools. I was met with low response rate, discussions dominated by louder, senior voices, and off topic conversations. At the same time, something really surprising started happening. I started receiving one-off phone calls and from more junior team members. The ideas and feedback that they shared were game changing for our firm, so I started asking – why did you come directly to me versus all of these tools available to you? Their answers again shocked me: “I didn’t know if my ideas were good enough or the right ones.” “I was intimidated by other people.” “I didn’t see a good time to share them.” I dug into the research, and the findings shocked me. There is a system-wide, huge breakdown in the way that we work. All of our business tools and processes don’t account for the way humans actually share information or make decisions – they don’t account for what our brains do in a group setting. I became obsessed with solving this problem and left that position to found Balloonr.
Noah Bornstein
CTO & Co-Founder
Before founding Balloonr, I developed and designed apps for IBM, Bloomberg, national political campaigns, and the Dalai Lama. My work has focused on designing and building products that result in organizational change and drive impact, and I love both delighting and surprising the user. I was experiencing and witnessing many of the same issues Amanda outlined above, so we both left our previous positions to join forces to found Balloonr. We’ve seen the power of Balloonr. We’ve seen the way that it changes teams, companies, and organizations. The new ideas and innovation, amplified voices, streamlined processes, and increased productivity – it is incredible and drives us everyday We are obsessed with solving this problem and growing the Balloonr behemoth. We decided to launch this Republic campaign because our vision and mission aligns with Republic’s – the best ideas (and companies) can come from anywhere.
Deal Notes
- Type of security: Crowd Safe · Learn more
- Discount: 20%
- Valuation cap: $7,000,000
- Investment size: min $100, max $107K