Kudu

Kudu, a California-based education technology company, has built a customizable higher education platform to help professors save time and resources by virtualizing many traditional course aspects, while utilizing existing technology, such as mobile devices and video sharing, to help engage students with various compelling modes of learning. The company is also developing a library of pre-built course content that aims to replace textbooks and other commonly used learning tools. Kudu believes the weakness of many existing e-learning supplements is in their lack of flexibility, low effectiveness, and in the heavy investment of time that they require from an instructor. Kudu creates its own content and integrates it in the platform that users find effective and easy to use.

Currently used by over 2,400 students at UCLA, UC San Diego, the University of San Diego, and Pierce College
Experienced user growth of 1,500% from Fall 2016 to Fall 2018
Generated revenue of over $142,000 in 2018
Content partnership with EcoGeek, owner of the YouTube channel Crash Course

Content Production: 80% - 75%

General Working Capital: 20% - 11%

Escrow Fees: .35%

Future Wages: 14%

*These figures vary based on amount of funding raised

Dr. Warren Essey - Co-Founder and Chief Executive Officer
Prior to co-founding Kudu, Warren worked as a software engineer for Google. During his time at Google, Dr. Essey also maintained a position as Visiting Professor at the University of California, Los Angeles (UCLA). Since June 2016, Dr. Essey has also served as a project scientist at UCLA. Previously, Dr. Essey lectured at MiraCosta College after a postdoctoral fellowship at the University of California, Berkeley. Dr. Essey completed his bachelor’s degree in Physics from the University of Witwatersrand in Johannesburg, South Africa and holds both his master’s degree and Ph.D. in Physics from UCLA. In 2002, Dr. Essey placed 1st in the Africa/Middle East region at the IBM ACM International Collegiate Programming Contest as part of a team representing the University of Witwatersrand.

Alexander Kusenko - Co-Founder
Along with co-founding Kudu, Alexander works as a professor at UCLA’s Department of Physics and Astronomy. He also serves as a Senior Scientist at the University of Tokyo’s Kavli Institute for the Physics and Mathematics of the Universe. Throughout his professorship, Alexander has received four UCLA Outstanding Teaching Awards. He is a fellow of the American Physical Society, and a recipient of the society’s Outstanding Referee Award. Alexander currently serves on the board of the Aspen Center for Physics. He completed his undergraduate education at Moscow State University and attended the Yang Institute for Theoretical Physics at Stony Brook University for his graduate degree.

Security Type: Crowd Notes

Discount:20%

Maturity Date: 24 months after the Offering End Date

Conversion Provisions: In connection with equity financing of at least $1,000,000, the Company has the option to convert the Crowd Note into shares of non-voting preferred stock (Conversion Shares) at a price based on the lower of (A) a 20% discount to the price paid per share for Preferred Stock by investors in the Qualified Equity Financing or (B) the price paid per share paid on a $8,000,000 valuation cap. Please refer to the Crowd Note for a complete description of the terms of the Crowd Note, including the conversion provisions.