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Categories
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Technology
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Min Investment
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$250
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Offering Date
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June 25, 2022
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Expected Close Date
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December 21, 2022
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Target Raise
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$10.00K-$1.07M
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No. Investors
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235
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Security Price
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$1.95
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Valuation
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$20,000,000
- Number of Employees
- 8
- Cash
- $1,292
- Revenue
- $412,162
- Short Term Debt
- $365,844
- Cost of Goods
- $349,111
- Long Term Debt
- $0
- Net Income
- $-137,215
Company Description
IceGiant is planning to disrupt the computer industry with a new, patented technology that cools even the most powerful chips. As a trend, computer chips are getting hotter and hotter, and their heat levels have recently started going beyond the capabilities of the status quo cooling solutions. This is where IceGiant's unique, in-market cooling technology comes in. We pick up where the competition falls off.
Perks
StartEngine OWNERS Exclusive Click here to learn more
$250+ Investment
StartEngine Owner’s Bonus
This offering is eligible for the StartEngine Owner’s 10% Bonus program. For details on this program, please see the Offering Summary section below.
Early Bird
Invest within the first two weeks and receive 15% bonus units.
6
days
17
hours
14
mins
53
secs
$500+ Investment
Tier 1 | $500+ Invest $500+ and receive an exclusive IceGiant t-shirt and cap.
$1,000+ Investment
Tier 2 | $1,000+ Invest $1000+ and receive 7% bonus units + an exclusive IceGiant t-shirt and cap.
$2,500+ Investment
Tier 3 | $2,500+ Invest $2500+ and receive 10% bonus units + an exclusive IceGiant t-shirt, cap, and zip hoodie.
$5,000+ Investment
Tier 4 | $5,000+ Invest $5000+ and receive 12% bonus units + an exclusive IceGiant t-shirt, cap, zip hoodie, and IceGiant glass.
$10,000+ Investment
Tier 5 | $10,000+ Invest $10,000+ and receive 15% bonus units + an exclusive IceGiant t-shirt, cap, IceGiant glass, and zip hoodie.
$20,000+ Investment
Tier 6 | $20,000+ Invest $20,000+ and receive 17% bonus units + an exclusive IceGiant t-shirt, cap, IceGiant glass, and zip hoodie.
$50,000+ Investment
Tier 7 | $50,000+ Invest $50,000+ and receive 25% bonus units + an exclusive IceGiant t-shirt, cap, IceGiant glass, and zip hoodie.
$100,000+ Investment
Tier 8 | $100,000+ Invest $100,000+ and receive 30% bonus units + an exclusive IceGiant t-shirt, cap, IceGiant glass, and zip hoodie.
Key Deal Facts
Based on our internal observations, IceGiant’s unique, patented cooling technology outperforms the competition and boasts market-leading reliability. This technology uses a unique, gravity-driven system with no moving parts for ultra longevity and safety. IceGiant launched its first product, the ProSiphon Elite in 2021, and breathed fresh innovation into the stagnate PC cooling market, where the most advanced innovation over the last 20 years was incorporating LEDs in the coolers.
Every computer has a CPU, and every CPU requires a cooler. PC sales have increased across the board due to the exploding popularity in gaming and streaming and the rising need for prosumer and professional workstations, particularly as the economy shifts toward a flexible office schedule. As a result, “the value of the combined gaming PC and monitor markets is expected to grow from $43 billion in 2020 to just over $60 billion in 2025 with a five-year CAGR of 7.4%,” according to Business Wire.*
Based on the following factors, we believe IceGiant is positioned to capitalize on all of our momentum. We have 1) successfully launched a top-level product, 2) established a presence in retail channels, 3) recently signed our first distribution agreement, 4) successfully prototyped and tested our second product that will continue our pursuit to be the top company in the cooling market, 5) are preparing to launch the most extreme PC in existence into a market that’s passionate about performance, and 6) are developing many more products to strengthen our brand and market penetration. We just need the resources to establish brand awareness, scale exponentially with new products, and aggressively expand into new markets as electronics encounter more severe thermal issues.
Management Team / Advisory Board Bios
Katie Carpenter
Principal Thermal Engineer
Katie is a technology enthusiast with world class knowledge of all things involving heat transfer. She possesses a high amount of expertise in the thermal management of high-powered electronics. Prior to IceGiant, Katie worked on thermal solutions for advanced electronic technologies in the defense industry. She earned her B.S., M.S., and PhD in Mechanical Engineering from The University of Texas at Austin.
Nathanael Folds
Technology Specialist
Tech enthusiast for 8 years with five years of mechanical engineering background. Experience in projects ranging from IoT AR experiences, to CAD, to 3D-Printed prototyping, and social media. Also involved with the gaming community for the last 15 years. About 8 years ago, Nathanael built his first gaming PC, and was instantly got hooked into the hobby. He started building PCs for friends, advising others how to, and even started selling them locally. PC gaming is about as bad for Nathanael as being a car guy, always looking for ways to upgrade and make it better, so he started to learn to overclock. His passion for gaming only grows with each year and every amazing new AAA or indie game release, and those new games always require better parts in his PC. Nathanael graduated from Auburn University with a BS in Business Administration, Information Systems Management.
Joel Trammell
Advisor
Joel Trammell is a serial entrepreneur and lifelong learner about building great organizations. His leadership had led to multiple successful exits and exceptional investor returns over his 30-year career. Trammell is the owner of Texas CEO Magazine, which reaches more than 10,000 CEOs across the state. He is a pioneer in the field of CEO education and training.
Trammell served as co-founder and CEO at NetQoS, a software company that optimized the performance of computer networks. Under his tenure, the company generated more than 10 times the return on invested capital. Trammell moved on to co-found another software company, CacheIQ, which delivered a 7X return to investors in 18 months. He also served as a board member and then CEO of the network services provider Black Box Corporation (NASDAQ:BBOX). He is also the co-founder and managing partner of Lone Rock Technology, a private equity firm.
Trammell holds a bachelor’s degree in electrical engineering from Louisiana Tech University and is a former instructor at the US Navy’s Nuclear Power School. He currently lives in Austin, Texas, with his wife and their three children. In his free time, you might find him on his tennis court.
Gary Forni
Advisor
Leveraging over 25 years experience launching new technologies and new business models, Gary Forni’s focus is on mentoring, investing in, and growing startups in the Central Texas area. As an active member of the Central Texas Angel Network his focus is disruptive technology. As a member of the business community he works with accelerators to maximize the success of entrepreneurs including Techstars, the Austin Technology Incubator, and as a founding investor and mentor in the consumer goods centric SKU accelerator. Previous roles include running the Embedded Business Unit at Marvell Semiconductor and extensive time at Intel where he was the Worldwide Director of Marketing focused on strategic partnerships in the mobile space. At Intel he was a force in starting four new businesses, including both the flash memory business, which exited for $1.2B, and the XScale cellular business, which exited for $600M. At the industry level, Mr. Forni has published over twenty articles and papers, chaired standardization committees, and co-authored a book on flash memory technology. Mr. Forni holds both a Bachelor of Science degree in Electrical and Computer Engineering and a M.B.A. Today, he volunteers a significant amount of time focusing on both STEM and innovation education in Central Texas through roles on the E3 Alliance Board and as an Entrepreneur-in-Residence/Mentor at the University of Texas, and Techstars.
James Prior
Marketing Advisor
James advises on marketing for IceGiant. He is an experienced technology professional with a diverse background, from technology journalist to product management and marketing at leading semiconductor companies. At AMD, James was head of the Client Computing group's desktop enthusiast product management team responsible for defining and launching the AMD Ryzen, and Ryzen Threadripper, desktop processors, and the AMD Wraith line of coolers. James holds a BSc in Electrical and Electronic Engineering from the University of Portsmouth, UK, and lives near Austin, TX.Â
Dave Rosen
Advisor
Dave Rosen is the CEO of Wimo Games, Inc., an Austin, Texas based developer and publisher of mobile videogames founded in February, 2021. David brings a deep perspective on the gaming industry with more than 20 years of experience in marketing and executive leadership. From working with teams focused on disk-based HD console and PC titles to guiding developers through evolutionary platforms like eCommerce, digital media and live-service games, David specializes in building cohesive teams across corporate strategy, marketing and product development.
David previously held roles with KingsIsle Entertainment, GREE International Entertainment, Electronic Arts, VG Holding Corp. and Bleacher Report/Turner Broadcasting, working with franchises including Wizard101, The Godfather, NBA Live, Burnout, Medal of Honor, Knights & Dragons, DragonSoul and has been part of multiple corporate acquisitions. David holds a BA in Political Science from American University and an MBA from the Warsaw Sports Marketing Center at the University of Oregon.