TeamTrak

TeamTrak

Adrenaline-Filled Indoor Cycling League

Print
Security Type
Other
Categories
Sports & Fitness
Min Investment
$200
Location
Phoenixville, PA
Offering Date
September 25, 2018
Expected Close Date
December 27, 2018
Target Raise
$10.00K-$107.00K
Deal Notes

Maximum 1,070 Class B Membership Units ($107,000)

*Maximum subject to adjustment for bonus units. See 10% Bonus below

Minimum 100 Class B Membership Units ($10,000)

Company Description

Adrenaline-Filled Indoor Cycling League

Perks

Bronze Owner Member - 20 units: TeamTrak Owners Club VIP benefits at TeamTrak meets and special events
Silver Owner Member - 50 units: TeamTrak Owners Club VIP benefits at TeamTrak meets and special events, Official TeamTrak cycling jersey Race cut or Club cut
Gold Owner Member - 100 units: TeamTrak Owners Club VIP benefits at TeamTrak meets and special events, Official TeamTrak kit SS jersey, bib shorts, socks Race cut or Club cut
Platinum Owner Members - 500 units: TeamTrak Owners Club VIP benefits at TeamTrak meets and special events, Official TeamTrak full kit SS jersey, LS jersey, wind vest, bib shorts, leg warmers, socks. Race cut or Club cut

Use of Proceeds

We are seeking to raise $107,000 in this offering through Regulation Crowdfunding, with a minimum target raise of $10,000. We have agreed to pay Start Engine Capital LLC (“Start Engine”), which owns the intermediary funding portal StartEngine.com, a fee of 6% on all funds raised. We will pay Start Engine $600 if we only raise the minimum target amount and $6,420 if we raise the maximum offering amount. The net proceeds of this offering, whether the minimum target amount or the maximum amount is reached, will be used to build on our successful marketing efforts of the past year. Specifically, we intend to invest in digital and social media marketing, make improvements to our website, and explore highly targeted direct response vehicles such as Facebook and Google ads.

Management Team / Advisory Board Bios

David Chauner
CEO and Managing Member
Responsible for overseeing all facets of TeamTrak, from sponsorship sales to financing to event planning and implementation. Dave has over 30 years of experience creating, developing and managing event properties and business units in the sport of cycling. As one of the sport's leading entrepreneurs, he has created and managed over 70 large scale international cycling events throughout the U.S., including securing over $50 million in corporate sponsorships from companies including Citibank, CoreStates Financial Corp, BMC Software, Kmart, T-Mobile, TD Bank, United States Postal Service and others; negotiating media relationships with ABC, Comcast, ESPN, OLN and others; and public/private partnerships with major cities including New York, Philadelphia, Atlanta, Boston, Chicago, Minneapolis and San Francisco. He was instrumental in developing an elite competition and grass roots program that established Pennsylvania’s Lehigh County Velodrome as the best outdoor velodrome in the world. For 28 years, he ran the nation’s top ranked professional cycling race on the international cycling calendar in Philadelphia. From 2015 to Present, Dave has dedicated his time to World Cycle League dba Team Trak. From 1998 to 2000, Dave was a group director for Octagon, one of the world's largest sports marketing agencies. He is a former Olympic cyclist (1968, 1972) and inductee into the U.S. Bicycling Hall of Fame (1998) and the Lehigh County Velodrome Hall of Fame (2005).

John Nelson
COO and Managing Member
Responsible for the overall operation of the league, coordinating the various operational aspects and making sure the business runs smoothly. This includes a wide array of responsibilities, from sponsorship sales to finance to event planning logistics. John is a business entrepreneur who has been part of the senior management team in over eight successful start-up ventures, including Montague Corporation (a full-sized folding bicycle), Smartleaf, Placemark Investments, F-Squared Investments, UAM Investment Services, and other
ventures. From 2015 to Present, John has worked full time for World Cycle League dba Team Trak. John has extensive knowledge of the cycling industry from his tenure at Montague, but also brings the operational background to grow and manage a business in a high-growth environment. Since Sept, 2015, John has been working full time on the founding of World Cycling League. He is a graduate of Brown University and earned an MS, Management from MIT Sloan School of Management.

Deal Notes

Maximum 1,070 Class B Membership Units ($107,000)

*Maximum subject to adjustment for bonus units. See 10% Bonus below

Minimum 100 Class B Membership Units ($10,000)

Amount Raised : $27,250
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

Research Reports

No reports have been submitted

Become a Reporter

0 Comments