Dun Rite Games

Dun Rite Games

Mobile games dun rite: created by gamers, for gamers

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Security Type
Convertible Note
Categories
Entertainment
Min Investment
$100
Location
Mountain View, AR
Offering Date
August 16, 2018
Expected Close Date
January 25, 2019
Target Raise
$100.00K-$600.00K
Deal Notes

8%interest

20%discount

A Convertible Note is debt that converts to equity. If you invest, you're betting the company will be worth more than $10M in the future.

Company Description

As avid gamers ourselves, we grew frustrated by the stagnancy of some of our favorite strategy games. So we assembled a team of 18 to build new and innovative modes never before seen in a mobile strategy game – and investors have already committed $435K to make our dream a reality. We’re the first company to layer monetization strategies (customization, upgrades, and a player-to-player marketplace powered by cryptocurrency) to maximize our revenues. Most games use only one monetization strategy – we’re using three – and they still reach multi-million dollar monthly revenues. With our expertise and community-driven, gamer-first approach, we’ve already developed a strong interest amongst gamers who are sick of the status quo. We’re confident we can be the biggest independent mobile game company in the rapidly-growing $68B mobile gaming market.

Key Deal Facts

Team has published 10 games between them.
Vetted through a Strategy Pro-gamer focus group assembled by the founders under NDA.
Founder has 109K subscribers on YouTube.
Mobile gaming market (MGM) is estimated at $68B with 10+ percent growth for 10 years.
Market expected to grow to $106B in 2021.
Free-to-play game Fortnite made $300M in April 2018 through customization alone.
We can reach over 15 million gaming enthusiasts on YouTube with our close-knit content creator community.

Use of Proceeds

If we raise: $100,000

95% towards salaries and operational expenses towards building the game. 

5% Wefunder Intermediary fee. 

 

If we raise: $600,000

95% towards salaries and operational expenses towards building the game. 

5% Wefunder Intermediary fee. 

Management Team / Advisory Board Bios

Jake Dobbins - Founder
Dreaming up new games

Ricardo Velez -Founder
In charge of making things happen. Triathlete.

Deal Notes

8%interest

20%discount

A Convertible Note is debt that converts to equity. If you invest, you're betting the company will be worth more than $10M in the future.

Amount Raised : $309,546
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Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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