MotivateU

AI To Benefit Humans

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Security Type
Debt
Categories
Technology, Financial Services
Min Investment
$100
Location
Middletown, DE
Offering Date
September 28, 2021
Expected Close Date
December 30, 2021
Target Raise
$50.00K-$250.00K
No. Investors
177
Security Price
$1
Website
motivateu.net
Number of Employees
1
Cash
$5,217
Revenue
$0
Short Term Debt
$0
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-24,783

Company Description

Bridging the gap between data-driven AI fitness and human-driven traditional fitness, our patent-pending solution leverages the community and engagement with personalized metrics and convenience. Think of a software version of Mirror that directly connects consumers to human fitness professionals. Our solution offers consumers the flexibility of being able to work out both in and out of the gym, while still tracking their performance, with nothing more than one's computer or mobile device (no additional hardware required). Plus, our solution is sold to fitness businesses, providing fitness professionals the ability to compete against A.I. fitness by offering the same level of data, along with true community engagement and motivation that comes from human connection.

Key Deal Facts

Semi-finalist Pepperdine's 2021 Most Fundable Companies Competition = top 2.2% of applicants
Patent-pending technology
Management team with over 120 years of industry experience
Market size of $96.1B for 1st use case of technology
To be featured on Advancements hosted by Ted Danson this fall (overall viewership 600MM)
Launching in Q3 - over 100 businesses in pipeline & over 500 sign-ups
Ability to license technology into other verticals, including 2 pending licensing deals

Use of Proceeds

  • ($50,000) 92.5% towards marketing (network feature and advertising), 7.5% towards Wefunder fees
  • ($250,0007) .5% towards Wefunder fees, 20% towards marketing campaign (network feature and advertising), 16% on a UI developer comp, 20% on a full stack developer comp, 4% on servers and hardware costs, 1% on legal fees, 0.5% on travel related to sales and onboarding clients, 2% on customer success and sales team comp, 0.5% on insurance, 0.5% on accounting, 3% on contractors. 25% on unspecified working capital. The Company's management team, subject to the supervisory powers of the Board of Directors, will use the funds in the way that is deemed most effective towards reaching the Company's goals.

Management Team / Advisory Board Bios

Jennifer Strout, CEO & Founder
4x founder Inventor of patent-pending tech. Fmr PT & Fitness Instructor Masters in Counseling 300+ college credits 18 yrs of research exp. Fmr Sales Mgr at ADP Fmr Fundraising Mgr at Bucknell U Fmr Clinician at PennHealth & Somerset Medical Ctr

Luke Getto, BOD; Engineering
1 patent awarded 1 patent pending MSEE MBA candidate Former COO at Cellgain Product Manager at Voltserver
Amount Raised : $111,271
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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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