Timeburst

Timeburst

The Future of Social Media

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Security Type
Other
Categories
Service Businesses
Min Investment
$100
Location
Pharr, TX
Offering Date
September 26, 2018
Expected Close Date
December 27, 2018
Target Raise
$10.00K-$107.00K
Deal Notes

Maximum 107,000* membership units ($107,000)

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

Minimum 10,000 of membership units ($10,000)

Company Description

The Future of Social Media

Perks

$200 - $499: A Timeburst Band Wallet
$500 - $999: Timeburst T-shirt and Band Wallet
$1,000+: A Forever OG Status on Site

Use of Proceeds

For a raise of $107,000, the breakdown of use of funds is as follows (6 months of expense):

  • Staff and Development of $50,000: this will include a budget for the positions of project manager ($20,000), content developer ($15,000), and user acquisition coordinator ($15,000).
  • Marketing expense of $24,000: user acquisition techniques of paid online ads ($12,000) and proprietary techniques ($12,000).
  • Working Capital of $26,580: $14,000 of this budget will be used to continue development and $12,580 will be used for office expenses.
  • Loans secured by founder Chris La Cross (Citi and Discover) will not be paid or become due from this round of funding.

Management Team / Advisory Board Bios

Chris La Cross
CEO, President and Manager
Chris is a seasoned marketing professional, having spent 20 years guiding his personal startups and companies. He has experience marketing and promoting companies via his marketing company Mass1 Media and directing marketing campaigns for his mortgage company La Cross Mortgage. Since 2016, Mass1 Media has developed many web and mobile applications with large target audiences. This experience has led to the refinement of Timeburst and its decentralized advertising platform, Shareburst. While creating and designing all applications, there have been strict cost management systems in place because of Chris' financial and operational background. Chris has been licensed in the State of Texas with several financial designations. 2011-Present: Mass1 Media, CEO/President (10 hours/wk.), 2010- Present: La Cross Mortgage: Marketing Manager (10 hours/wk.), 2011-Present: Rio Affordable Homes, Co-owner (5-10 hours/wk.), Timeburst, CEO/President (20-30 hours/wk). Timeburst is the primary job for Chris and all other positions will dissolve once Timeburst achieves full funding and conducts a market launch.

Deal Notes

Maximum 107,000* membership units ($107,000)

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

Minimum 10,000 of membership units ($10,000)

Amount Raised : $30,312
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Security Description

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