The New Pet Airways, Inc.

The New Pet Airways, Inc.

A Pet-Only Airline where Pets Fly in the Main Cabin, NOT in Cargo

Print
Security Type
SAFE
Categories
Travel
Location
Delray Beach, FL
Offering Date
June 28, 2018
Expected Close Date
September 26, 2018
Target Raise
$250.00K
Deal Notes
  • Future Equity (SAFE)
  • $5M valuation cap
  • 20% discount

Company Description

HUMAN AIRLINES ARE TERRIBLE FOR PETS. PET AIRWAYS IS THE SAFE ALTERNATIVE. Our “pawsengers” fly in the main cabin of our aircraft, continuously monitored by our On-Board Pet Attendant. We make sure our pawsengers are safe, comfortable and have lots of fresh air and that the temperature is just right. We are a pet-only airline run by pet people where it’s all about providing a quality travel experience for pets.

Perks

$500+ $50 off a flight on Pet Airways for your four legged best friend.
$1,000+ $100 off a flight on Pet Airways and an "I flew Pet Airways" T-shirt for your four legged best friend.
$2,500+ $300 off a flight on Pet Airways, an "I flew Pet Airways" T-shirt for your four legged friend, and a "My pet was a pawsenger on Pet Airways" T-shirt for you.
$5,000+ One FREE one-way ticket anywhere in the U.S., a T-shirt for your four-legged friend, a T-shirt for you, and a post of your pet's flight on our website and newsletter.
$25,000+ You or your company's name as a Pet Airways sponsor on our website.
$100,000+ Pet Airways Airport Lounge Facility naming rights, with associated outdoor signage.*
$500,000+ Pet Airways aircraft naming rights. Your name or company name on the aircraft for all to see.*

Key Deal Facts

The founder of The New Pet Airways previously ran a similar business "Old Pet Airways", which generated $2.75M in its last year of operations, flying over 9,000 pets to 9 cities in the U.S. 
Old Pet Airways was getting over 10,000 requests per month to cities not serviced. 
We demonstrated that the demand exists, that the business model works and that pricing is such that the service can be profitable
Recent posting of a "coming back" post on Facebook was viewed by over 145,000 people. A 58,000 person "coming back" email campaign generated a 25% open rate.
Old Pet Airways' initial launch was reported on by over 5,000 TV, Internet, Newspapers and Radio shows throughout the world
According to PR Newswire, the Old Pet Airways initial launch announcement was the most successful press release regarding the launch of a company ever experienced by them
Jay Leno played the the Old Pet Airways commercial in his monologue as a basis for a joke about pets. Value of commercial topped $5M according to knowledgeable sources.
The Learning Curve has been paid for by the Old Pet Airways, which ceased operations after not being able to raise the final amount of funding we needed in 2009. All the knowledge is ready to be infused into The New Pet Airways, providing a quick-start towards profitability, and reduction of risk associated with a start-up

Management Team / Advisory Board Bios

Dan Wiesel
CEO/Founder
I am a multi-talented serial entrepreneur with skills in many disciplines. I am very creative and like to solve problems, always finding ways to get things done. My mantra is: “ A Day is a Week”.

Alysa Binder
Chief Marketing Officer/Founder
Successful start-up consultant to multiple Silicon Valley startups. Built eBay's founding team.

Deal Notes

  • Future Equity (SAFE)
  • $5M valuation cap
  • 20% discount
Amount Raised : $32,276
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