Augmented Reality Sports Management

Augmented Reality Sports Management

Connecting sports leagues and referees

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Security Type
SAFE
Categories
Other
Min Investment
$100
Location
Highlands Ranch, CO
Offering Date
January 31, 2019
Expected Close Date
May 01, 2019
Target Raise
$50.00K
Deal Notes

*First $50K investors of this fundraise will invest in a SAFE with a $1M valuation cap and 20% discount.

Discount: 20.0%

Pro Rata Right Threshold: $100K+

Company Description

We believe that VES is a paradigm changing technology that reliably solves the encryption key loss problem without degrading the privacy and security of end-to-end encryption; that VES enables encryption to finally be practical for widespread, global use with data at-rest, which will make the Internet a much safer place for everything, for everyone, everywhere.

Perks

$250 - Herd of Zebras Referee Whistle and Lanyard for calling games or just keeping order in the house!
$500 - Herd of Zebras Logo Referee Hat
$1,000 - Herd of Zebras Referee Jersey
$10,000 - Admission for (2) to the Herd of Zebras Supporter's Annual Dinner and Game with Club Level Suite at a Colorado Rapids Soccer Game.

Use of Proceeds

If we raise: $50,000

$47,500 to Hire a full time sales person for the Colorado Territory to sign up leagues in the Herd of Zebras system. Goal of increasing user base by 25 leagues and $250,000 annual revenue over the first year of service.

$2,500 Wefunder Intermediary fee

 

If we raise: $1,070,000

Hire in house programmer, UI developer and product manager for release of Herd of Zebras V2.0 in mobile and web apps = $266,500

Hire Operations Manager for all markets = $100,000

CEO compensation = $50,000

Hire Customer Service Team of two to handle manual referee scheduling, user help desk, ecommerce payment processing and tax reporting = $100,000

Expansion of Movedon Sports Division to four new markets = $50,000

Complete the US Design Patent, research and filing for Herd of Zebras apps = $50,000

Hire four full time sales people for league recruitment and territory development in CO, CA, TX, FL = $200,000

Hire Marketing Director and implement marketing plan for referee recruiting in four states = $150,000

Hire Fractional CFO and Book Keeper = $50,000

Wefunder Intermediary fee: $53,500

Management Team / Advisory Board Bios

Rob Sigmon - CEO, Founder
I have started 19 businesses over 25 years, including an international fractional CMO service and have led sales and marketing teams in advertising, SaaS and sports businesses. MBA in 2016.

Joe Clark - Board Member
Founder @ Prana Business, Mentor @ MergeLane & Boomtown Accelerators

John Reeb - Board Member
Founder @ Colorado Leadership Institute, Visionary Leadership Architect, Consultant @ Teradata

Deal Notes

*First $50K investors of this fundraise will invest in a SAFE with a $1M valuation cap and 20% discount.

Discount: 20.0%

Pro Rata Right Threshold: $100K+

Amount Raised : $5,640
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Security Description

A SAFE is an agreement between you—the investor—and the company in which the company promises to give you a future equity stake based on the amount you invested. It also involves some kind of a triggering event that must take place in order for you to get your future equity stake. Be careful as you may only get equity if a particular event is triggered.

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