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Security Type
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SAFE
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Categories
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Other
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Min Investment
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$100
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Offering Date
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January 01, 0001
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Expected Close Date
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June 13, 2019
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Target Raise
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$25.00K-$1.07M
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Deal Notes
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$1.00 per share
10% discount
Company Description
Jumpstart provides a financial cushion - a jumpstart - after the shock of a natural disaster. We’ve introduced a new product category - called parametric insurance - that democratizes disaster insurance. Parametric means a lump-sum is paid out right away after a pre-defined event, i.e. a “parameter.”
Perks
Invest $100 Receive $100 Crowd SAFE + Hand-written thank you note from Kate + 12 Jumpstart promotional postcards you can give to friends (more upon request)
Invest $400 Receive $400 Crowd SAFE + Solar charger for your devices + After the disaster, you'll be able to communicate even if the power is out.
Invest $2,500 Receive $2,500 Crowd SAFE + $10,000 to the school or nonprofit of your choice after the next big earthquake (as a Jumpstart policy for the organization) + CA organizations only
Invest $25,000 Receive $25,000 Crowd SAFE + We’ll bring the Jumpstart Shaker for an event at any location in CA
Invest $50,000 Receive $50,000 Crowd SAFE + We’ll bring the Jumpstart Shaker for an event at any location throughout the US or Canada
Key Deal Facts
Event-based insurance to help people recover from a natural disaster
Over $1M in seed funding raised to date
Addressing a $100B global market; $20B in the US alone
Targeting 4M customers by 2023
60% of growth is driven by customer referrals
First company offering parametric insurance for earthquakes in US
Domain-expert CEO co-founded two other quake-related organizations
Use of Proceeds
Intermediary Fees, Expand Product to Earthquake Risk in Other States, Expand Product to Other natural Disasters, General Working Capital
Management Team / Advisory Board Bios
Kate Stillwell
Founder and CEO
Kate's life's work is to build disaster resilience. She's a licensed structural engineer and co-founder of two other resilience-building organizations. She sees financial resilience as the "biggest gap - the lever for the greatest impact.”
Sally Sproat
Senior Executive, Business Development
Christine Taylor
Software Developer
Daniel Dal Pino
Data Analytics Intern
Alan Hampton
Advisor
TJ Moretto
Software Developer - Consultant
Victoria Chames
Marketing Consultant
Camille Bhalerao
Content Author - Consultant
Bill Keogh
Advisor
Mary Lou Zoback
Advisor
Chris Borders
Legal Counsel - Consultant
Jonty Kelt
Advisor
Steven Goldberg
Advisor
Deal Notes
$1.00 per share
10% discount
