Powerhandz

Powerhandz

Empowering athletes and patients in the world to train with purpose

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Security Type
Preferred Stock
Categories
Other
Min Investment
$100
Location
Dallas, TX
Offering Date
August 07, 2018
Expected Close Date
April 01, 2019
Target Raise
$107.00K
Deal Notes

Priced Round

$5Mpre-money valuation

$0.44per share

Preferred Stock

If you invest, you're betting POWERHANDZ will be worth more than $5M in the future.

Valuation
$5,000,000

Company Description

POWERHANDZ is a global company developing products that assist with athletic performance, injury recovery, and injury prevention. The company was initially created with one product and one market in mind -- the anti-grip weighted gloves. It was a product based on a homemade method that I had been using since I was 12 years old. I was reading a SLAM Magazine article and Jason Williams; Sacramento Kings player (AKA White Chocolate) stated he used gardening gloves to improve ball-handling skills. This guy had the craziest handles in the NBA, so of course, I put gardening gloves on my hands and then added ankle weights on my wrists to make it a more complex ball-handling drills. I would dribble with gloves on and it would make the ball really slippery, and after I went through a 15-20 minute workout with wrist weights on and a slippery ball, when I took the gloves off, I had my grip back, mentally I felt like I had improved and my hands felt faster and lighter. After launching our first product, we then launched 8 more products across multiple sport verticals. 

Perks

$250+
Handwritten Thank You Note from our Founders and a pair of POWERFIT Fitness Gloves

$500+
Handwritten Thank You Note from our Founder, POWERFIT Fitness Gloves, POWERHANDZ Athletic Shirt, Wrist Band

$1,000+
Mention on all of our social media platforms and a customized pair of POWERHANDZ gloves.

$10,000+
Mention on all of our social media platforms, a customized product of your choice, dinner with our Founders, lower bowl tickets to a regular season sporting event in your city and a customized POWERHANDZ Gift Set

Use of Proceeds

If we raise: $50,000

45% Rehabilitation Strategy 

50% Technology Strategy 

5% Wefunder Intermediary fee

 

If we raise: $107,000

45% Rehabilitation Strategy 

50% Technology Strategy 

5% Wefunder Intermediary fee

Management Team / Advisory Board Bios

Darnell Jones - Founder / President
Former professional athlete with an extensive & succesful background in start up businesses.

Danyel Surrency Jones - CO-Founder / CEO
17 years experience in top healthcare companies; MBA & Wharton Marketing Leadership Graduate.

Deal Notes

Priced Round

$5Mpre-money valuation

$0.44per share

Preferred Stock

If you invest, you're betting POWERHANDZ will be worth more than $5M in the future.

Amount Raised : $0
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Security Description

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.

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