The Module Project

The Module Project

Long life, upgradeable tech products.

Print
Security Type
Revenue Sharing
Categories
Consumer Goods & Products
Min Investment
$500
Location
Newark, DE
Offering Date
September 25, 2018
Expected Close Date
December 27, 2018
Target Raise
$10.00K-$107.00K
Deal Notes

Investment Multiple: 350% of initial investment

Revenue Sharing Percentage: 8.0% of the gross revenue of the Company calculated on a cash basis(excluding any revenue attributable to rebates or refunds received in cash by the Company  with respect to any prior expenses incurred by the Company.)

 

Initial Grace Period: 24 months(number of months after final Closing after which Periodic Payments begin)

 

Maturity Date:  48 months after the Initial Grace Period(number of months after Initial Grace Period upon which any unpaid Amount Due becomes due.)

 

Payment Period:  Every 12 months, following the Initial Grace Period

Company Description

Long life, upgradeable tech products.

Perks

$1,000+ Invest $1,000 or over and you will receive a limited edition, numbered Decibel.

*All perks occur after the offering is completed. Limited edition Decibels will be delivered from the initial manufacturing run.

Use of Proceeds

We are seeking to raise a minimum of $10,000 (target amount) and up to $107,000 (over-allotment amount) in this offering through Regulation Crowdfunding. If we manage to raise our over-allotment amount of $107,000 we believe the amount will last approximately 12 months. We plan to use the net proceeds of approximately $100,000 over the course of that time as follows:

Offering Amount Sold

Total Proceeds:

  • $10,000

StartEngine Fees (6% total fee)

  • $600

Net Proceeds

  • $9,400

Use of Net Proceeds:

R&D

  • $4,000

Marketing

  • $5,000

Sales

  • $5,000

Working Capital

  • $5,400

Inter Company Debt repayment

  • $7220

Total Use of Net Proceeds

  • $10,000

Total Proceeds:

  • $107,000

StartEngine Fees (6% total fee)

  • $6,420

Net Proceeds

  • $100,580

Use of Net Proceeds:

R&D

  • $45,000

Marketing

  • $5,000

Sales

  • $5,000

Working Capital

  • $38360

Inter Company Debt repayment

  • $7220

Total Use of Net Proceeds

  • $100,580

Management Team / Advisory Board Bios

Ketzal Sterling
CEO, President and Director
Ketzal Sterling is an entrepreneur who started his first business at age fifteen in New York City. Ketzal then founded Firewire Productions and launched the ‘High Octane’ DVD series in 2000. This went on to be the world’s most popular performance car DVD series. He also wrote and directed the feature film ‘You Move You Die’ which was nominated for Best Feature at the 2007 NZ Film Awards. Ketzal launched a motor scooter website which quickly became the most visited English language scooter site in the world. Ketzal’s achievements show his ability to anticipate consumer trends in art and technology. It is his deep passion for technology and ability to anticipate trends that have lead him to found Module.
Ketzal also holds the position of Managing Director and CEO of The Module Project Limited. He has held these positions since it's incorporation in 2015.

Vince Lovrich
COO, Vice President and Secretary
Vince is an entrepreneur with a broad business history that started early and includes a successful exit from The Scooter Review Ltd, a company he co-founded and which produced the world’s most popular English language motor scooter review website and an associated motorcycle review property. Vince negotiated the successful sale of The Scooter Review Limited to Vertical Scope in 2011. Vince also produced a multi-award nominated feature film. He managed production and international distribution via a production company he co-founded. Vince’s strengths lie in sales, research, and creating non-linear solutions to problems.
Vince also holds the position of Director of Operations and COO of The Module Project Limited. He has held these positions since it's incorporation in 2015.

Deal Notes

Investment Multiple: 350% of initial investment

Revenue Sharing Percentage: 8.0% of the gross revenue of the Company calculated on a cash basis(excluding any revenue attributable to rebates or refunds received in cash by the Company  with respect to any prior expenses incurred by the Company.)

 

Initial Grace Period: 24 months(number of months after final Closing after which Periodic Payments begin)

 

Maturity Date:  48 months after the Initial Grace Period(number of months after Initial Grace Period upon which any unpaid Amount Due becomes due.)

 

Payment Period:  Every 12 months, following the Initial Grace Period

Amount Raised : $2,500
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

Revenue Sharing is a form of lending that involves sharing revenue from the business with investors as return on their investment. It is often a fixed percentage of revenue and you are paid until you earn a total return on your investment.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments