Omnipad Company

Omnipad Company

World's first circular-moving omnidirectional treadmill for VR & exercise

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Security Type
Other
Categories
Other
Min Investment
$100
Location
Redwood City, CA
Offering Date
September 04, 2018
Expected Close Date
April 30, 2019
Target Raise
$50.08K
Deal Notes

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.

Company Description

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 effective and elegant solution to omnidirectional locomotion ever engineered. This also indicates that the quantity and caliber of potential competition is also very limited, by nature.

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 Team / Advisory Board Bios

Neil Epstein - CEO / President
3D Animation Specialist
- EMMY Award Recipient
- Juris Doctorate top 50 law school (2016)

Deal Notes

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.

Amount Raised : $0
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