Parvenu

Parvenu

Raising More Money for Charity Through Artificial Intelligence

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Security Type
SAFE
Min Investment
$100
Location
Washington, DC
Offering Date
August 29, 2018
Expected Close Date
February 28, 2019
Target Raise
$1.07M
Deal Notes

Future Equity (Wefunder SAFE)

$4Mvaluation cap

10%discount

$25K+pro rata right threshold

A SAFE gives you the right to future shares in the company. If you invest, you're betting the company will be worth more than $4M in the future.

Company Description

We believe businesses have a responsibility to improve their communities. One way retailers do this is by inviting shoppers to support charitable causes at the checkout counter. We're building a better charity checkout platform using AI-based personalization. Our system asks the lady grabbing dog food to donate to the animal shelter, the man refilling medication to give to research for a cure. This personalized engagement boosts brands and differentiates the retailer as a business that cares.

Perks

$149+
We’ll launch a pilot program with the local store of your choosing. Be part of the change.

$249+
Patrick and Johnny met while traveling to play Yu-Gi-Oh. Patrick has the most championship wins and playoff appearances in the world. We quit our jobs and started Parvenu on the assumption that how we managed resources in cards might translate to managing resources for a high-growth startup. Through our years of traveling and competing, we’ve picked up some incredible stories and we want to share them with you. Pick a format and we’ll shout you out for investing to Patrick’s nearly 8,000 Facebook followers, and write an entertaining story from the time period you chose.

$499+
One of Johnny’s hobbies is he loves to rap. Pick a topic and he’ll drop some bars.

$999+
30 minute video call with Patrick to talk about whatever you want; Parvenu’s vision, cards, how we can collaborate to save the world together, or anything else!

$2,499+
Receive a limited edition hard copy of Patrick’s best selling book, Road of the King, with a personalized Thank You message with your name published on the title page and shipped to your door.

$4,999+
Parvenu’s team will take you to lunch or dinner from our DC office.

$9,999+
We'll use Parvenu's platform to raise money for the charity you care about most!

Key Deal Facts

Our technology outperformed standard charity checkout by tripling the donation rate from 8% to 25% in beta testing across 5 stores.
Team has two successful startup exits and a CEO with fundraising expertise.
Partnerships with major FinTech players such as Verifone, Ingenico, First Data, and Worldpay.
Positioned to be first to market in the U.S. after the business model was proven in Europe.
Completed SEED SPOT's top-ranked incubator and received $100,000 of AWS credits to minimize upfront costs.
Prior to Parvenu, our founder, Patrick, ranked among the top fundraisers in the nation for The Nature Conservancy and Save the Children.
Patrick is the Amazon best-selling strategy author of Road of the King.
Our technology is proprietary under a provisional patent.

Use of Proceeds

If we raise: $76,000

10% -- development of MVP demonstration project, along with 5 month rollout plan

45% -- salaries for employees

40% -- legal and misc. 

5% -- Wefunder intermediary fee.

 

If we raise: $249,845

15% -- complete development of MVP demonstration project, along with long-term rollout plan

40% -- salaries for employees

15% -- Operations and marketing

25% -- legal and misc. 

5% -- Wefunder intermediary fee

 

If we raise: $1,070,000

15% -- Complete technology development and do full roll-out

40% -- salaries for employees

20% -- Operations and marketing

20% -- legal and misc. 

5% -- Wefunder intermediary fee

Management Team / Advisory Board Bios

Patrick Hoban - Co-founder & CEO
I am an experienced fundraiser who brings industry insights, sales, strategy, & vision. I previously authored 2 books and co-founded an app.

Johnny Li - Co-founder & COO
I have a background in technology consulting with a focus on Software as a Service.

Deal Notes

Future Equity (Wefunder SAFE)

$4Mvaluation cap

10%discount

$25K+pro rata right threshold

A SAFE gives you the right to future shares in the company. If you invest, you're betting the company will be worth more than $4M in the future.

Amount Raised : $0
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Security Description

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