Vinty

Vinty

Premier classic car rental service and marketplace

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Security Type
Preferred Stock
Categories
Other
Min Investment
$1,000
Offering Date
May 08, 2019
Expected Close Date
August 06, 2019
Target Raise
$250.00K-$750.00K
Deal Notes

Round type: Seed Round size: US $750,000 Minimum investment: US $1,000 Target Minimum: US $250,000 Security Type: Preferred Equity Share price: US $0.25585 Pre-money valuation: US $3,000,000 Option pool: 10.0% Liquidation preference: 1.0x Closing conditions: While Vinty has set an overall target minimum of US $250,000 for the round, Vinty must raise at least US $25,000 of that amount through the Regulation CF portion of their raise before being able to conduct a close on any investments below $20,000. For further information please refer to Vinty's Form C. Transfer restrictions: Securities issued through Regulation CF have a one year restriction on transfer from the date of purchase (except to certain qualified parties as specified under Section 4(a)(6) of the Securities Act of 1933), after which they become freely transferable. While securities issued through Regulation D are similarly considered "restricted securities" and investors must hold their securities indefinitely unless they are registered with the SEC and qualified by state authorities, or an exemption from such registration and qualification requirements is available. Raised to date: US $34,559 US $34,559 (under Reg CF only)

Valuation
$3,000,000

Company Description

Premier classic car rental service and marketplace

Book Unique Classic Cars for Professional and Life Events.Founded in 2016 in California, Vinty was inspired by the passion for great classic cars. With limited funds and resources (we are bootstrapped and have no debt), we were able to reach $470k in sales in 2018, a 20x increase since 2016. We were also able to gather an inventory of 1,500+ cars while focusing our efforts mostly in California. We now want to take Vinty to the next level with your help! Marketplaces allowing individuals to turn underutilized goods into revenue-generating assets have gained traction over the past few years. The key to success in this industry is to solve a problem for both sides of the marketplace. Inventory Problem: As classic car owners, we learned first-hand how expensive it can be to maintain vintage cars. A large portion of vintage and classic cars are seldom driven, so we decided to focus on building a platform to turn them into revenue-generating assets.Demand Problem:  Several industries have a recurring need for classic cars. Service Providers (Event and Wedding Planners), Video/Movie Production Companies, and Advertising Agencies are often looking for ways to stand out and convey emotions. What better way to do so than vintage cars?  However, they are frustrated by the limited offering of classic cars for rent and the outdated online solutions available. They also need a trusted partner that can deliver top quality service (delivery, driver, coordination).Vinty solves issues for both classic car owners and renters with a modern and easy-to-use platform.  We have seen success and steady growth with our concept over the past 2 1/2 years. We have learned a lot from the market to refine our strategy and we are now ready to bring Vinty to its full potential with your help. 

Key Deal Facts

Achieved $470k in 2018 revenue, +99% growth compared to 2017 (based on unaudited financials).
After launching in Q3 2016, secured 4,000+ registered users, 1,500+ classic automobiles listed, over 1,000+ rental deals to date.
Agreement in place to provide rentals and experiences to Club Sportiva and collaboration with Marriott’s Autograph Collection Hotels to provide rentals for their road trip packages.
Customers include Cartier, Nordstrom, 76, Netflix, and Marriott. Inventory can be seen in campaigns for Yves Saint Laurent, L’Oreal, and General Motors.
Founders have bootstrapped the business to date.

Use of Proceeds

Product Development, Operations/Personnel, Geo Expansion, Marketing, Working Capital

Management Team / Advisory Board Bios

Pierre Lapointe - CEO
Experienced Chief Executive Officer, skilled in Sales, Customer Relationship Management (CRM), Web Design, Start-ups, and Product Marketing. Strong entrepreneurship professional graduated from top French business school. “I am passionate about the sharing economy and classic cars. I also love talking to customers. I help our company provide an excellent customer service all around. It has been one of the key to our success."My specialties: Sales Management, Project Management, and Marketplaces.My dream car: 1960's Jaguar E-Type.

Thomas Poulain - CMO
10+ years of experience in numerous countries at both strategic and operational level, as an entrepreneur and in mid and large scale corporations, as well as a consultant and a business owner."I thrive in online pure players while great culture and people get me up in the morning. I am obsessed with growth hacking, return on investment, and measurable outcomes. I make sure that every dollar we spend on marketing and advertising is measured and brings the highest ROI possible."My specialties: Business Development, Team Management, Operations Management, Start ups, Multi-channel Marketing, Digital Marketing (Performance and branding), Lead Generation and e-Commerce.My dream classic car: Porsche 911 (964).

Thomas Dubois - CPO
CSPO-certified project manager with experience in system implementations, solution design, and business process improvement projects. Has No-nonsense and no-dogma approach focused on delivering value. Thomas is one of the co-founders of Vinty. "I am obsessed with organization, the efficiency of processes, and continuous improvement. I make sure that Vinty is as organized as possible and the most efficient in its processes without losing the flexibility of a young start-up. It has been a key to our success as we developed Vinty with limited funds and resources. We strive to learn and improve every day to better serve our clients and car owners."My specialties: Project management, Business Analysis, Process Improvement, System ImplementationMy dream car: 1969 Renault Dinalpin A110 (in blue please!)

Deal Notes

Round type: Seed Round size: US $750,000 Minimum investment: US $1,000 Target Minimum: US $250,000 Security Type: Preferred Equity Share price: US $0.25585 Pre-money valuation: US $3,000,000 Option pool: 10.0% Liquidation preference: 1.0x Closing conditions: While Vinty has set an overall target minimum of US $250,000 for the round, Vinty must raise at least US $25,000 of that amount through the Regulation CF portion of their raise before being able to conduct a close on any investments below $20,000. For further information please refer to Vinty's Form C. Transfer restrictions: Securities issued through Regulation CF have a one year restriction on transfer from the date of purchase (except to certain qualified parties as specified under Section 4(a)(6) of the Securities Act of 1933), after which they become freely transferable. While securities issued through Regulation D are similarly considered "restricted securities" and investors must hold their securities indefinitely unless they are registered with the SEC and qualified by state authorities, or an exemption from such registration and qualification requirements is available. Raised to date: US $34,559 US $34,559 (under Reg CF only)

Amount Raised : $73,621
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Security Description

Preferred securities are a type of investment that generally offers some sort of preferred treatment through a dividend or preferred treatment in a liquidation.

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