There is a growing abundance of companies who offer virtual and augmented reality technologies, such as VR and mixed reality glasses and headsets, realtime VR/AR environments and games, haptic gloves and clothes, motion capture hardware, and on and on. There are many, many ways to create, invent, reinvent, and market these already well-known products. This is a good thing. However, BASED UPON THE LAWS OF PHYSICS, there are very few ways to enable omnidirectional locomotion on a stationary surface. Therefore, there are very limited ways to create a functioning omnidirectional treadmill. Not only does The OmniPad Company own the patent rights to one of the very few ways to enable omnidirectional locomotion, we believe that the circular revolving tread design of the OmniPad is the most effect... [Read More]
Funded
36%Min Investment
$100Amount Raised
$17,860Goal
$50KDays Left
68Redwood City, CA
Crowd Lustro Research Report
Omnipad Company
Industry:
General
Security Type:
Other
Opportunity
Date Filed:
September 04, 2018
Date Expires:
April 30, 2019
Open to Investors
Platform:
Wefunder
Use of Proceeds
If we raise: $50,076
5% towards WeFunder Fees, 45% towards 3rd party investor consulting services, 50% (Cooley, P.A.) intellectual property procurement and development.
If we raise: $1,070,000
5% toward WeFunder Fees, 40% towards OmniPad product development (including engineering software/hardware, 3rd party dynamic and finite element analysis, OmniPad parts, molds, tooling, customized elastomers, etc.), 20% towards (Cooley, P.A.) corporate counsel & intellectual property procurement and development, 35% towards payroll, rent, insurances, business & IT equipment. *All new expenditures will build upon the extensive OmniPad development already accomplished over the past 14 months with proceeds from our 1st angel funding round.
Management
Neil Epstein - CEO / President
3D Animation Specialist
- EMMY Award Recipient
- Juris Doctorate top 50 law school (2016)
Deal Structure
Priced Round
$9.63Mpre-money valuation
$1.07per share
$25K+pro rata right threshold
If you invest, you're betting OmniPad Company will be worth more than $9.63M in the future.
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