Localive

Localive

Streaming Platform for Youth Sports

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Security Type
Convertible Note
Min Investment
$300
Offering Date
October 05, 2018
Expected Close Date
December 06, 2018
Target Raise
$10.00K-$107.00K
Deal Notes

Convertible Promissory Notes

Note converts to Membership Units when the company raises $500,000 in a qualified equity financing

Maturity Date: 10/31/2020

Valuation Cap: $6,000,000

Discount Rate: 20% 

Annual Interest Rate: 4%*

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

Maximum ($107,000) of Convertible Promissory Notes

Minimum ($10,000) of Convertible Promissory Notes

Company Description

Streaming Platform for Youth Sports

Use of Proceeds

If we raise: $10,000

  • StartEngine Platform Fees: 6%
  • Marketing: 25%
  • Research & Development: 50%
  • Working Capital: 19%

If we raise: $107,000

  • StartEngine Platform Fees: 6%
  • Marketing: 25%
  • Research & Development: 50%
  • Operations: 19%

Management Team / Advisory Board Bios

Chris Dyson: CEO, Founder and Visionary Behind Localive
A father of 4 that grew more and more frustrated by not being able to see his kids games while working or at other kid’s events and decided to do something about it. He has been responsible for building an incredible team that has enabled Localive to create a multi-staged, scalable and dynamic business model that is changing the way this content is captured, delivered, and shared. Corporately trained after graduating with a marketing degree from Northeastern University, Dyson has formed or served as key management in successful startups in the fitness, real estate, and business advisory industries over the last 20 years. He’s currently resides in Bradenton, FL with his wife Carolyn (3 kids in college and one in high school) and leads Localive’s strategic initiatives working closely with the company’s team, key advisors, and strategic partners.

Deal Notes

Convertible Promissory Notes

Note converts to Membership Units when the company raises $500,000 in a qualified equity financing

Maturity Date: 10/31/2020

Valuation Cap: $6,000,000

Discount Rate: 20% 

Annual Interest Rate: 4%*

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

Maximum ($107,000) of Convertible Promissory Notes

Minimum ($10,000) of Convertible Promissory Notes

Amount Raised : $2,700
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The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
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Management Team
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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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