Industry:
General

Security Type:
SAFE
SAFE

Equity Opportunity

Date Filed:
January 23, 2019

Date Expires:
May 01, 2019

Valuation Cap:
$6M

Platform:
Republic

Use of Proceeds

Intermediary Fees: 6%

Estimated Attorney Fees: 6% - 3%

Estimated Accountant Fees: 3% - 1%

General Marketing: 40% - 45%

R&D: 20%

General Working Capital: 25%

Management

Derek Waleko - CEO

Isaac Nabors - President

Sung Moon Kang - CTO

Deal Structure

Discount: 20%

Additional Reports

There are no additional research reports currently.

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Key Deal Facts

• Airbnb of the drone industry:
• companies and individuals enlist drone services from a community of qualified pilots
• Drone services are estimated to be worth over $13 billion by 2020
• Experiencing organic growth with commercial drone pilots in over 750 cities
• Over 2,000 community members in the United States
• Building one network for autonomous drones and creating global charging network to extend flight times 
• Designing low cost precision landing software for autonomous drones that uses proprietary RTK GPS

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