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Security Type
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SAFE
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Categories
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Other
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Min Investment
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$50
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Offering Date
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December 20, 2018
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Expected Close Date
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March 19, 2019
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Target Raise
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$25.00K-$107.00K
Key Deal Facts
Bucket is your digital piggy bank
Reduces financial and environmental waste by digitizing change
$2.5m raised from strategic investors
Our Bucket The Change App is available for download on Apple and Android
A first mover in the space
Founders are entrepreneurs with experience launching and building several businesses
Use of Proceeds
Intermediary Fees: 6%
Campaign marketing expenses or related reimbursement: 16% - 14%
Estimated Attorney Fees: 6% - 1.4%
Estimated Accountant/Audit Fees: 4% - 2.8%
General Marketing: 4% - 6.5%
Research and Development: 20% - 23.4%
Future Wages: 0% - 9.35%
Accrued Wages: 40% - 18.7%
Accrued Expenses of Managers and Officers: 4% - 1%
General Working Capital: 0% - 16.9%
Perks
$200 - Personalized Thank You card
$500 - Personalized Thank You card from Bucket, Bucket pins and stickers Bucket frisbee or 2, Bucket coasters or Bucket microfiber cloth (while supplies last)
$1,000 - A Personalized Thank You Card from Bucket Bucket pins and stickers Bucket frisbee or 2 Bucket coasters or Bucket microfiber cloth Bucket t-shirt
$2,000 - A Personalized Thank You Card from Bucket, Bucket pins and stickers, Bucket frisbee or 2 Bucket coasters or Bucket microfiber cloth, Bucket t-shirt, Bucket canvas bag
$5,000 - A Personalized Thank You Card from Bucket , Bucket pins and stickers, Bucket frisbee or 2 Bucket coasters or Bucket microfiber cloth, Bucket t-shirt, Bucket canvas bag, 30 minute call with founder Francis Hwang or Daniel Kam
Management Team / Advisory Board Bios
Francis Hwang — CEO & Founder
Francis has over a decade of experience in creating, launching, and managing successful businesses. Having always gravitated towards enterprises and ideas that question and disrupt the status quo, it was a natural step for Francis to start Bucket Technologies. Coming up with the concept for Bucket over 10 years ago, Francis finally set aside other ventures to focus and commit to his mission of eliminating coins and alleviating the environmental and governmental stresses from the production, distribution, and management of coin currency.
Daniel Kam — COO & Founder
Daniel is a successful entrepreneur who has launched and built several businesses in the technology, managed services, manufacturing, and hospitality/F&B industries. He has over 20 years of B2B/B2C sales and marketing experience within various commercial sectors including cloud-commerce, telecommunications, and graphic arts. Daniel regularly speaks and networks with leading companies and organizations on topics such as leadership, innovation, branding, and operations management.
