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Security Type
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Equity
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Categories
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Other
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Min Investment
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$200
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Offering Date
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February 27, 2019
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Expected Close Date
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May 30, 2019
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Target Raise
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$10.00K-$1.07M
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Deal Notes
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Price per Share: $2.00
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Valuation
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$2,000,000
Company Description
entreDonovan Wholesale creates custom-made professional women’s apparel using 3D technology. We obtain precise full-body measurements with body scanners to produce garments that fit any woman, any size. What we provide is not only a solution for professional women in need of great-fitting work clothes, but also a program for brick-and-mortar retailers to offer an authentic in-store experience, combatting online competition and lost sales from returns and stockouts.
Perks
$350 - $599 will receive a useful garment care kit conceived of and assembled by entreDonovan.
$600 - $1,999 will receive a logo'd Travelers umbrella made for us by Davek, known as the strongest umbrellas on the planet. That's the kind of quality we can get behind.
$2,000 - $9,999 will receive an annual discount certificate for 20% off one custom clothing item. This perq is transferrable if the investor chooses to gift it to someone else. (Requires a free body scan to fulfill the order.)
$10,000 - $54,999 will receive a women's custom leather moto jacket. This perq is transferrable if the investor chooses to gift it to someone else. (Requires a free body scan to fulfill the order.)
$55,000 - $99,999 will be entitled to a women's wardrobe seminar for up to 35 attendees, featuring cocktails, hors d'oeuvres, and a presentation on "Intentional Dressing" by a certified (corporate) image consultant. (Date and venue to be mutually agreed.)
$100,000+ will be entitled to an on-site, day-long women's wardrobe event complete with body scanning, "Intentional Dressing" presentation, and refreshments for up to 50 attendees. (Date and venue to be mutually agreed.)
Use of Proceeds
Intermediary Fee: 6%
Marketing: 40% - 0%
Technology: 19% - 0%
Legal and Accounting Fees: 35%
R&D: 0% - 9%
Company Employment: 0% - 22%
Operations: 0% - 15%
Working Capital: 0% - 3%
Inventory: 0% - 5%
Irregular Use of Proceeds
Salary payments made to one’s self, a friend or relative and vendor payments.
Management Team / Advisory Board Bios
Linda Farquhar - Founder/CEO
18 years as a stock analyst covering retail, tech, and financials, among other sectors before embarking an a journey to produce custom clothing for women. Embodied the target customer. MBA from Wharton. BS from Rutgers in Management, Economics minor. CFA. Master Custom Clothier. Certified Image Consultant (corporate). A tireless and enthusiastic leader with vision and business acumen.
Fangfang Zhang, PhD - Co-Founder/Project Manager
PhD from North Carolina State in 3D and 2D pattern making. PhD minor in statistics. MS from Chonbuk National University in apparel marketing. BS from Soochow University in Fashion Design/Engineering. Fangfang has deep technical expertise. She sees women's apparel on the verge of a 3D revolution and wants to lead it.