Wooter

Wooter

Revolutionizing organized sports.

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Security Type
Crowd Note
Categories
Other
Min Investment
$1,000
Location
Staten Island, NY
Offering Date
April 13, 2019
Expected Close Date
July 12, 2019
Target Raise
$250.00K-$1.00M
Deal Notes

Conversion discount: 20.0%

Interest rate: 5.0%

Note term: 24 months

Company Description

Revolutionizing organized sports.Wooter was started because as big-time sports lovers, our team had a poor experience in the sports leagues that we played in. There were no stats or content to look over after the games. Additionally, instead of gorgeous uniforms, every player had cheap t-shirts, or nothing at all. After running our own leagues, we found out how tough and expensive it was to start and manage a sports league.As a result, we've created a brand new experience for both organizations and players. With our all-in-one software, running a sports organization can be easy. Our platform enables leagues, teams, and coaches to create their own custom app and website. Wooter allows anyone to make custom designs and order team uniforms and apparel. Other powerful features include stats tracking, scheduling, chat, video & photo sharing, player & team management, team stores, monetization tools, and much more.Since launching Wooter Apparel in 2016, we've done over $7M  in net sales (not reviewed by CPA) in over 30 countries.  We are working with factories worldwide manufacturing 250+ different customizable products. We're leading the market with fast turnaround times, low pricing, high quality, and mass customization. Wooter has worked with big names in sports including Master P, Kawhi Leonard, Carmelo Anthony, Hunter Pence**, Jeff Teague***, JJ. Watt***, and Floyd Mayweather****.*The individual above was not compensated in exchange for his testimonial. In addition, his testimonials should not be construed as and/or considered investment advice.**Through Hunter Pence baseball academy.***Through family members and/or foundations****Wooter was worn by Floyd Mayweather at the 2019 Celebrity Pro Bowl Showdown. 

Perks

First 100 investments over $1,000 will receive Wooter Apparel merch.
First 50 investments over $2,500 will receive their own custom tracksuit and apparel.
First 20 investors of $10,000+ will be invited to join the dinner held by the founding team, plus all of the above.
First 5 investors of $100,000+ will be given direct communication lines to the founding team and participation in strategic meetings. (plus all of the above)

Key Deal Facts

$3.5M in 2018 Net Sales (not reviewed by CPA), grew 67% from 2017.
Customers include: New Orleans Gators GMGB (Led by Master P), Hunter Pence Basketball Academy
, KL2 Mammoths (Led by Kawhi Leonard), Team Teague (Led by Jeff Teague), JJ Watt Foundation, and Boom Cups (worn by Floyd Mayweather).
Wooter offers 250+ customizable products to customers from 30 countries.
Media mentions include TechCrunch, UrbanDaddy, Elite Daily, The Source, and TechCo.
Winner of 2 awards from Entrepreneur Magazine: 1 of the 360 Best Entrepreneurial Companies in America; and 1 of the 100 Most Brilliant Companies.

Use of Proceeds

General Expenses: 15%

Marketing + Sales: 35%

New Hires: 15%

Operations + R&D: 10%

Tech + Software: 25%

Management Team / Advisory Board Bios

Alex Aleksandrovski - CEO
Alex Aleksandrovski is a growth-focused leader who is relied on to create consistent revenue streams and build out the Wooter team. Alex strategically streamlines all departments in the company including tech, sales, operations and finances to maximize efficiency.Alex became an entrepreneur at 13 years old selling video game currency for $6,000. By 19, Alex was professional poker player winning over $300,000 online. At the same time, Alex helped his father build United Brakes into a top truck repair shop in New Jersey. This all-around experience laid the foundation for Alex to lead Wooter.Alex Aleksandrovski plays a major role in hiring + overseeing management for each department, developing the product and implementing key strategy. At the same time, Alex is leading Wooter in sales.

David Kleyman - COO
David is leading operations for Wooter which consists of factory management, R&D (new product creation) and order fulfillment. David’s goals are to lower costs any way possible.

He is also in charge of generating new clients through SEO + sponsorships and help manage the sales team.David Kleyman leads the operations team and R&D. David is also focused on generating new leads and sales.

Alex Kagan
CMO
Alex Kagan is the director of the sales team, held responsible for day-to-day sales operations. Along with sales, Alex is consistently building the Wooter brand through online marketing and key partnerships. Alex Kagan is responsible for marketing, building partnerships and driving sales for Wooter.

Carlos Morales
CTO
With 14+ years of coding experience, Carlos is the ideal CTO to lead a sports technology company. Carlos manages the tech team while building the most crucial features of the Wooter platform including our mobile app and API.Before Wooter, Carlos was one of the first software engineers at Tuenti, which had 14M users when he left. Able to speak 3 languages, Carlos lived in 8 different countries and visited over 74 countries.Carlos Morales now runs the Wooter tech team, is the head of product, and oversees all aspects of tech development.

Deal Notes

Conversion discount: 20.0%

Interest rate: 5.0%

Note term: 24 months

Amount Raised : $35,700
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Security Description

A Crowd Note modifies the typical convertible note so that the crowd does not automatically convert to equity shareholders on the next financing and remain off the issuer’s capitalization table, but the crowd will still participate in any exit as if they had converted to equity. If there is no future financing, the holders of the Crowd Note still have upside, but could miss out significantly.

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