iSport360

iSport360

A SportsTech company enabling youth sport coaches, parents and kids to share feedback, set goals and track player development.

Print
Security Type
Preferred Stock
Categories
Other
Min Investment
$1,000
Offering Date
October 31, 2018
Expected Close Date
January 29, 2019
Target Raise
$500.00K-$1.00M
Deal Notes

Round type: Seed Round size: US $1,000,000 Minimum investment: US $1,000 Target Minimum: US $500,000 Maximum Raise Amount: US $1,000,000 Security Type: Preferred Equity Share price: US $0.4812 Pre-money valuation: US $4,875,000 Option pool: 1.64% Is participating?: False Liquidation preference: 1.0x Closing conditions: While iSport360 has set an overall target minimum of US $500,000 for the round, iSport360 must raise at least US $25,000 of that amount through the Regulation CF portion of their raise before being able to conduct a close on any investments below $20,000. For further information please refer to iSport360's Form C. Transfer restrictions: Securities issued through Regulation CF have a one year restriction on transfer from the date of purchase (except to certain qualified parties as specified under Section 4(a)(6) of the Securities Act of 1933), after which they become freely transferable. While securities issued through Regulation D are similarly considered "restricted securities" and investors must hold their securities indefinitely unless they are registered with the SEC and qualified by state authorities, or an exemption from such registration and qualification requirements is available. Raised to date: US $37,000 US $0 (under Reg CF only)

Company Description

A SportsTech company enabling youth sport coaches, parents and kids to share feedback, set goals and track player development.Did you know that 70% of kids quit youth sports by the age of 13? And can we blame them? With parents screaming from the sidelines and coaches who don't have the time or tools to help kids succeed. Research tells us that kids are quitting youth sports because it's just not fun anymore.With 45 million kids playing youth sports in the US, stressed sideline parents, and inexperienced coaches have become a national epidemic that is not limited by geography, demographics, or socio-economics.While 3 of the biggest names in sports (Dick's Sporting Goods, NBC Sports, Jerry Jones of the Dallas Cowboys) have acquired over 30 youth SportsTech apps in the last 2 years, they are all focused on tools for the administrators of sports programs such as scheduling, scorekeeping, player registrations, and payment processing. But these businesses are less focused on tools that help kids have fun and be more successful. This void became our business opportunity.So, in 2016, we decided to change the way youth sports coaches and parents collaborate, communicate, and track player success. The result was novel but so simple: when coaches and parents are on the same page, kids are much more likely to have fun and be successful in their sport.

Perks

Investors in iSport360 get a FREE team subscription to the iSport360 app allowing you to set up unlimited sports teams. That’s our way of saying thank you and helping you enjoy the benefits of our platform.

Invest a minimum of $1,000 and get one season free for your teams (a $39.99 value)

Invest a minimum of $5,000 and get one year free for your teams (an $89.99 value)

Invest a minimum of $10,000 and get free access for life for your teams (valued at $89.99 per year)

At the end of this campaign, iSport360 will email you with a promo code to get your FREE PERK.

Key Deal Facts

1,200+ teams using our app and 55,000+ parents and coaches subscribed to our newsletter
Youth Sports is a $15B industry, comprised of 45M kids, that is projected to grow to $41B in 5 years.
Relationships with some of the biggest names in youth sports: TeamSnap, Positive Coaching Alliance, National Alliance for Youth Sports
Notable investors include Howie Roseman (EVP NFL, Philadelphia) and Jay Fulcher (CEO, Zenefits)
Portfolio company of NexCubed, A San Francisco-based technology accelerator

Use of Proceeds

  • If the Company raises the Target Amount, it will use 44.50% of the proceeds, or $11,125, towards offeringexpenses;
  • If the Company raises the Closing Amount, it will use 9.35% of the proceeds, or $46,750, towards offeringexpenses; and
  • If the Company raises the Maximum Amount, it will use 8.43% of the proceeds, or $84,250, towardsoffering expenses

Management Team / Advisory Board Bios

Ian Goldberg
Founder and CEO
20 year veteran of digital marketing, sales and business development.

Rich Marks
Co-Founder and Chief Product Officer

Deal Notes

Round type: Seed Round size: US $1,000,000 Minimum investment: US $1,000 Target Minimum: US $500,000 Maximum Raise Amount: US $1,000,000 Security Type: Preferred Equity Share price: US $0.4812 Pre-money valuation: US $4,875,000 Option pool: 1.64% Is participating?: False Liquidation preference: 1.0x Closing conditions: While iSport360 has set an overall target minimum of US $500,000 for the round, iSport360 must raise at least US $25,000 of that amount through the Regulation CF portion of their raise before being able to conduct a close on any investments below $20,000. For further information please refer to iSport360's Form C. Transfer restrictions: Securities issued through Regulation CF have a one year restriction on transfer from the date of purchase (except to certain qualified parties as specified under Section 4(a)(6) of the Securities Act of 1933), after which they become freely transferable. While securities issued through Regulation D are similarly considered "restricted securities" and investors must hold their securities indefinitely unless they are registered with the SEC and qualified by state authorities, or an exemption from such registration and qualification requirements is available. Raised to date: US $37,000 US $0 (under Reg CF only)

Amount Raised : $78,500
Reveal the Score by Voting
_
Additional ratings from other users are needed to determine a viable CrowdScore for this deal.
The "CrowdScore" for this deal is determined by user ratings and other factors using our proprietary algorithm.
The overall viability and scalability of the business concept as well as the ability to drive the concept to profitability over time.
Business Idea
The progress made thus far in demonstrating that the business has viability, a customer base or other business traction.
Business Traction
The experience of the management team in running, scaling and/or exiting a business that required similar skills to execute the business plan.
Management Team
The value of the company compared to similar companies raising money from investors.
Valuation

Security Description

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.

Research Reports

No reports have been submitted

Become a Reporter

0 Comments