DiscountCell

DiscountCell

Technology Solutions for the Government

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Security Type
Convertible Note
Min Investment
$250
Offering Date
October 05, 2018
Expected Close Date
January 05, 2019
Target Raise
$10.00K-$1.07M
Deal Notes

Convertible Promissory Notes

Note converts to Non-Voting Common Stock when the company raises $4,000,000 in a qualified equity financing

Maturity Date:  December 31, 2020

$7,000,000 Valuation Cap

10% Discount Rate

2% Annual Interest Rate*

*Annual Interest Rate subject to adjustment 10% bonus for StartEngine shareholders. See 10% Bonus below

Maximum $107,000 of Convertible  Notes 

Minimum $10,000 of Convertible  Notes 

Company Description

Technology Solutions for the Government

Perks

$1,000+ Discount code for 30% off products at Discountcell.com
$10,000+ Skype phone call with founder
$50,000+ Dinner on us with the founder at your location (continental US only).

Use of Proceeds

We are seeking to raise a minimum of $10,000 and up to $107,000 in this offering through Regulation Crowdfunding. If we manage to raise our over allotment amount of $107,000, we believe the amount will last us 6 months and plan to use the net proceeds of approximately $100,580 over the course of that time as follows: We will hire additional outside sales reps and attend more trade shows. Funds will also be used to increase inventory to speed up shipping to customers.

Management Team / Advisory Board Bios

Jennifer King: President, CEO, Founder & Director
Jennifer King is a graduate of the Goldman Sachs 10,000 small business program and has been in the wireless industry and a full-time employee of Discountcell for 18 years. She was instrumental in the Discountcell NASPO contract award. Her ability to work with contract administrators and government customers has led to significant growth. Jennifer is a certified network administrator.

Deal Notes

Convertible Promissory Notes

Note converts to Non-Voting Common Stock when the company raises $4,000,000 in a qualified equity financing

Maturity Date:  December 31, 2020

$7,000,000 Valuation Cap

10% Discount Rate

2% Annual Interest Rate*

*Annual Interest Rate subject to adjustment 10% bonus for StartEngine shareholders. See 10% Bonus below

Maximum $107,000 of Convertible  Notes 

Minimum $10,000 of Convertible  Notes 

Amount Raised : $3,750
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Valuation

Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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