The Pinball Company

The Pinball Company

Pinball and home game sales are surging: Invest in the industry leader

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Security Type
Convertible Note
Categories
Other
Min Investment
$100
Location
Columbia, MO
Offering Date
November 13, 2018
Expected Close Date
May 30, 2019
Target Raise
$500.00K
Deal Notes

Custom Convertible Note

$8M valuation cap*

*First $500K investors of this fundraise will invest in a convertible note with a $8M valuation cap.

6% interest

20% discount

$100K+ pro rata right threshold

A Convertible Note is debt that converts to equity. If you invest, you're betting the company will be worth more than $8M in the future.

Company Description

My name is Nic Parks, and I'm the CEO of The Pinball Company. We started 12 years ago, in 2006, mainly selling new and used pinball machines. Over the years, we've slowly added products like arcade games, air hockey and foosball tables, jukeboxes, pretty much anything you would want for a home game room.

Perks

$10,000+ Get a personal meeting with owners, Nic and Brooke Parks, via Skype or in person at our headquarters in Columbia, MO.

Key Deal Facts

$7.3 million in revenue in 2017 with 50% YoY growth.
Emerging market of everyday consumers shopping for their home entertainment.
We have the largest selection of modern pinball machines in the country.
Over 265,000 Facebook fans.

Use of Proceeds

If we raise: $500,000

95% towards inventory; ; 5% towards WeFunder Fees

 

If we raise: $1,000,000

50% towards inventory ; 45% paying back existing loans; 5% towards WeFunder Fees

Management Team / Advisory Board Bios

Nic Parks - CEO
I founded The Pinball Company in 2006. I believe we can rapidly grow the number of households with a pinball machine.

Brooke Parks - President
Oversees all company operations, Customer Service Manager, MBA in Business

Deal Notes

Custom Convertible Note

$8M valuation cap*

*First $500K investors of this fundraise will invest in a convertible note with a $8M valuation cap.

6% interest

20% discount

$100K+ pro rata right threshold

A Convertible Note is debt that converts to equity. If you invest, you're betting the company will be worth more than $8M in the future.

Amount Raised : $200
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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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