DryveBox

DryveBox

Experience Golf Anywhere

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Security Type
Crowd SAFE
Categories
Entertainment, Retail, Sustainability, Sports & Fitness, Community & Lifestyle
Min Investment
$150
Location
SAN FRANCISCO, CA
Offering Date
October 14, 2021
Expected Close Date
February 23, 2022
Target Raise
$25.00K-$1.07M
No. Investors
500
Security Price
$1
Website
dryvebox.com
Number of Employees
5
Cash
$132,250
Revenue
$9,568
Short Term Debt
$0
Cost of Goods
$11,965
Long Term Debt
$0
Net Income
$-14,836

Company Description

Dryvebox grows the game across the spectrum, starting by knocking down the traditional barriers to golf. We built and patented a solar-powered trailer with industry-leading simulator technology inside. With that, we make golf cheaper, available year-round, judgment-free, and closer to everyone. 

Key Deal Facts

Successful founder/CEO, with 2 prior successful startup exits
Patented mobile golf simulator delivers market leading experience
Demand for golf at all time highs, driven by off-course experiences
$84B existing US market with significant TAM upside
Mission focused on removing barriers and bringing the game to everyone
$2.5M raised, from notable angels

Management Team / Advisory Board Bios

Adeel Yang, CEO, Cofounder
Former founder and CEO Medumo (sold to Philips), cofounder and CEO Picmonic (sold to TrueLearn). BS with honors, summa cum laude, Economics and Molecular Biology and Doctor of Medicine with research distinction, The University of Arizona.

Jake Hutt, CGO, Cofounder
A Class A PGA Pro and former golf coach at Stanford, Jake teaches the game differently. He has built a massive online following as an influencer. At Dryvebox, Jake owns our product experience, coaching program, and marketing.

Mike Leong, CTO, Cofounder
Mike is a pro golfer turned software engineer. After playing professionally, Mike managed golf courses then built a career as a software engineer and lead at Tiktok, Uber, and other Bay Area tech companies. He leads all R&D for Dryvebox.

Matt Gipple, Cofounder
Matt brings a wealth of experience in helping scale and run technology businesses. After graduating from Stanford Law School, Matt led teams at high growth startups Cruise and Forward. At Dryvebox, he's responsible for Strategy, Growth, and G&A.
Amount Raised : $444,472
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Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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