The World's #1 Cannabis Social Network [Read More]
A convertible security is a security that can be converted into another security. Convertible securities may be convertible bonds or preferred stocks that pay regular interest and can be converted into shares of common stock (sometimes conditioned on the stock price appreciating to a predetermined level).
Debt and Equity Opportunity
October 02, 2018
December 29, 2018
We are seeking to raise $107,000.00 in this offering through Regulation Crowdfunding, with a minimum target raise of $10,000.00. We have agreed to pay Start Engine Capital LLC (“Start Engine”), which owns the intermediary funding portal StartEngine.com, a fee of 6.0% on all funds raised. We will pay Start Engine $600 if we only raise the minimum target amount and $6,420.00 if we raise the maximum offering amount.
CEO / CTO / CFO, Co-Founder and Manager Member
Russ Thomas is an investor, inventor, entrepreneur, and computer security expert that has been defending Fortune 500 companies for more than 20 years prior to his cannabis ventures. He is the co-founder of PotCoin, the first cryptocurrency dedicated to cannabis, and has parlayed his crypto investments into Duby for years. He has committed his life to Duby and works full-time, every day of the week to ensure everything is running smoothly. In July of 2018, Russ Thomas became the Chief Executive Officer (CEO) of Duby, in addition continuing to serve as the Chief Technical Officer (CTO) and Chief Financial Officer (CFO) responsible for finance, information technology, and security. Russ founded Duby to help his Son and wrote most of the code and patent-pending viral algorithm that is the core of the Duby Social Network today. His extraordinary talents and ingenuity go beyond the code where he has dedicated his life to supporting cannabis legalization and medical treatments and is an active supporter of cannabis for the treatment of Autism and Fragile X Syndrome. On the personal side, Russ has been snowboarding since he was 10 years old, back when they would only let him on 2 mountains in Colorado. He also loves road trips, hot springs, hacking everything, and anything high tech.
Duby, LLC, Social Media Marketing
CTO, CFO September 2nd, 2014 to Current
CEO July 1st, 2018 to Current
Alec and Russ have a passion for entrepreneurship and have been working together for more than six years developing start-up ideas and building businesses. As an expert in graphic design and user experience, he has been instrumental in the design of the Duby user interface and marketing materials. Alec has a background with the U.S. Navy, Commercial Real Estate, Cryptocurrency and is a transport to Colorado from his home state of Arizona. With more than 4 years experience in the cannabis technology industry, prior to 2018, Alec has raised over $1.4 million in seed funding for the development of the family of Duby applications. In July of 2018, Alec transitioned from his role as Chief Executive Officer (CEO) to focus entirely on other ventures within cannabis and the manufacture of cannabinoid-related products. Alec is also an avid snowboarder, going back to his teenage years learning to board with Russ and still (barely) able to keep up with the old man today.
Duby, LLC, Social Media Marketing
CEO September 2nd, 2014 - June 30th, 2018
Investment: Convertible Promissory Notes
Note converts to Common Non-Voting Membership Units when the company raises $500,000 in qualified equity financing
or reaches the maturity date, whichever occurs first.